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Home My WebLink AboutS_Release_Letter_Maintenance_AOF_3603969657_190312DenisLawMayorCommunity&EconomicDevelopmentC.E.“Chip”Vincent,AdministratorMarch12,2019JenniferZhou12419NE140thStreetKirkland,WA98034SUBJECT:RELEASEOFASSIGNMENTOFFUNDSACCOUNT#3603969657HIGHLANDOASIS/UTILITYPERMIT#U15005938DearMs.Zhou:ThisletteristonotifyyouthattheCityhasperformedatwo(2)yearwalk-throughoftheHighlandOasisprojectandtherewerenomaintenanceissuesreportedoriftherewereanymaintenanceissuestheyhavebeenresolved.Therefore,thisletterwillalsoserveasauthorizationtoreleasetheAssignmentofFundsAccount#3603969657fromtheBoeingEmployeeCreditUnion(BECU)intheamountof$7,598.00.ThisitemwaspostedtotheCityofRentononbehalfoftheHighlandOasisproject.Enclosedistheoriginaldocumentforyourreference.Ifyouhaveanyquestions,pleasecontacttheprojectmanager,AnnFowlerat(425)430-7382.Sincerely,JenniferHenningPlanningDirectorEnclosure(s):BECUAssignmentofFundsAccount#3603969657cc:AnnFowler,DevelopmentEngineeringProjectManagerBrianneBannwarth,DevelopmentEngineeringManager1055SouthGradyWay,Renton,WA98057.rentonwa.gov ITQFFUDiTGTHECITYOFRENTONAppIicantJenniferZhouOwner:JenniferZhouAddress:12419NE140thStKirklandWA98034-1525Phone:425-821-5369Email:yizhyizhgmail.comAttention:Title:Bank:BECUBranch:RentonLandingAddress:1002ParkAveN.RentonWA98057Phone:2064395700Fax:429-793-3617Attention:BrifineyHilisberyTitle:SeniorMemberConsultantTheabovereferencedbankherebycertifiesthat$7598.00isondepositinaccount#3603969657,underthenameoftheCityofRenton,tosecuretheapplicant’sperformanceofthefollowingworkrequiredinconnectionwiththeplatorprojectdescribedbelow:PlatorProject:HighlandOasisLocation/AddressofPlatorProject:1419JeffersonAveNETherequiredworkisgenerallydescribedasthefollowing:2yearmaintenancesurveyofstreetimprovementsThebankherebycertifiesandagreesthatthesefundswillnotbereleasedwithoutwritteninstructionsfromanauthorizedagentoftheCityofRenton(theCity).WefurtheragreethatthesefundswillbepaidtotheCitywithinten(10)daysofreceivingwrittennoticethattheCityhasdeterminedthattherequiredworkhasnotbeenproperlyperformed.ThebankshallhavenodutyorrighttoevaluatethecorrectnessorappropriatenessofanysuchnoticeordeterminationbytheCityandshallnotinterpleadorinanymannerdelaypaymentofsaidfundstotheCity.TheapplicantherebyagreestothisAssignmentofFundsandthatitsobligationtoperformtherequiredworkisnotlimitedtotheamountoffundsheldbythebank.ThisAssignmentofFundsisirrevocableandcannotbecancelledbythebankorapplicant.Thesefundsmaynotbeassigned,pledged,usedassecurityorotherwisemadeavailabletotheapplicant,bankorthirdpartywithoutthepriorwrittenconsentoftheCity.JenniferZhouApplicant/OwnerAuthori11SignatureApplicant/OwnerTitle08/26/2016DateBrittneyHillsberyNameofBankOfficer(Print)AIhoiiSignatI—_SeniorMemberConsultantTitle08/26/2016DateP0Box97050,Seattle,W98124-9750