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Home My WebLink AboutS_Permit_Bond_AOF_C17001891_180906DEPARTMENTOFCOMMUNITYANDECONOMICDEVELOPMENT_______--acLitOflASSIGNMENTOFFUNDSApplicant’sNameandAddressName:0’t9_sTOCITYOFRENTONAddress1:toLlVt.1LIM<€srii1,nahnl)4EAddress2:RVU_Iail’iE..1WiThProjectNo.(PR)/ConstructionPermitNo.(C/U)ProjectName/CrptIvF1V&UUDepositAmountSiteLocation2o1L-Lh2.&VbtTheiti1L;ftIQit(ftFinancialInstitution,authorizedtodobusinessintheStateoftVashington,[erebycertifiesthatthesumof2’D&bV?%bisondepositwiththeFinancialInstitutioninAccountNumber____________________________________________________underthename4d((Aqc(fctosecurefortheCityofRenton,hereinaftercalledttheCITY,theabove-namedApplicant’s,hereinaftercalledAPPLICANT,performanceofcertainworkandconditionsrequiredinconnectionwiththeabove-referencedproject.THECONDITIONOFOBLIGATIONisthat:1.TheAPPLICANThasexecutedan“Agreement”entitled[Blank]“,acopyofwhichisattachedheretoandincorporatedhereinbythisreference.2.UndertheprovisionsoftheAgreement,theAPPLICANTisrequiredtofurnishguaranteetosecuretheAPPLICANT’ScompliancewiththetermsoftheAgreement.ITISFURTHEREXPRESSLYPROVIDEDthat1.TheFinancialInstitutionherebycertifiesandagreesthatthesefundswillnotbereleasedwithoutwritteninstructionsfromanauthorizedagentoftheCITY.ThisAssignmentofFundsisirrevocableandmaynotbeterminatedorcancelledbytheAPPLICANTorFinancialInstitutionforanyreasonexceptuponspecificwritteninstructionsfromtheCITY.2.TheFinancialInstitutionagreesthatthesefundswillbepaidtotheCITYwithin10daysofreceivingwrittennoticethattheCITYhasdeterminedthatrequirementsoftheAgreementhavenotbeensatisfactorilyperformedwithinapplicabletimelimitsorthatrequiredfeeshavenotbeenpaid.TheFinancialInstitutionshallhavenodutyorrighttoevaluatethecorrectnessorappropriatenessofsuchnoticeordeterminationbytheCITYandshallnotinterpleadorinanymannerdelaysaidpaymentoffundstotheCITY.AnyunexpendedfundsshallbereturnedtotheAPPLICANTuponcompletionofthetermsoftheAgreement.3.TheobligationsoftheFinancialInstitutionandAPPLICANTshallnotbedischargedandshallremainineffectintheeventofanyextensionoftimefortheAPPPLICANT’SperformanceoftheAgreementorofanyamendmentoftheengineeringplansusedforconstructionoftheproject.TheFinancialInstitutionherebywaivesnoticeofanysuchextensionoramendments.4.TheAPPLICANT’SobligationtoperformtheworkorpayfeesandotheramountsisnotlimitedtotheamountofthisAssignmentofFunds.)I2/1/2018 >4cdcenPtIrchasn-tI;drn:!L[Lh$ecki5!ut.n,pLaedwCashiers:Check—CustomerCopyNO0885909893iaornmteinetat4¼I-J-‘wcinpcñadberequ:clpnrrnrepbccm.iThs_hLuldt,HcjtwithIJOdaysVoidAfter;90Daysfl-17W1221Data09/04/1802:41:48PMISSAQUAIINfl000300316000223Pay2,JsJPsL*TwentyThousandSINHundrcdSixtyónd90/100DoItrs’ToTheREDHOLDINGSLLCOrderOf.ASSLGNMENTOFFUNDSFORCITYOFRENTONNot-NegottaMeCustomerCopyRemitter(L’urdmsedfly):RORYPflEESRetainforyourRecordsBankofAnicdca,NA.457002931694PHOENIX,AZ ProjectNo.(PR)/ConstructionPermitNo.(C/U)ProjectName,,V4usyFINANCIALINSTiTUTIONOFFICIAL.FINANCIALINSTITUTION’SMAILINGADDRESS:C%nnfo[W(vM9Tft)(Signature)(Dae)‘in..(.(kCCtV4w)b1-7i(PrintName).(.:hone4umber)StateofWashington,CountyofKingIfIcertifythatIknoworhaveseensatisfactoryevidencethat‘ILi(FinancialinstitutionOfficial)signedthisinstrumentandacknowledgesittobehis/herfreeandvoluntaryactfortheusesandpurposesmentionedinthisinstrument(NotarySealorStampforDated:t?L.y.j.jtFinancialInstitutionOfficialSignature).I.—..SignatureoNotaryPubIIcfyPiibllC1Title:.sñnø—/,L...LISA.NIMCKAY[Mappointmentexpires:a’/-*0/MV.COMMISoEXPIRESamfl2O2iftistheAPPLICANT’SresponsibilitytonotifytheCityofRentonofanychangeinaddress,telephonenumber.orchangeofownershipoftheproperty.ItistheAPPUCANT’Sresponsibilitytoarrangeforreplacementofany/allfinancialguaranteespriortoanychangeofnership.APPUCANTt-Ob5U-(..,cifr/i.e(PrntName)(Sina’tvrf,(0te)ReceivedforCityofRentonByDate2211/2a18