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Home My WebLink AboutS_Release_Letter_Wetland_AOF_138121168764_LUA14-000093_20230517ArmondoPavoneMayorCommunity&EconomicDevelopmentC.E.“Chip”Vincent,AdministratorMay17,2023WMWayneJones,Jr.LakeridgeDevelopmentI,LLCP0Box146Renton,WA98057SUBJECT:RELEASEOFBANKOFAMERICA-USTRUSTASSIGNMENTOFFUNDS#138121168764MINDY’SPLACE/LANDUSEAPPUCATION#LUA14-000093DearMr.Jones:ThisletterwillserveasauthorizationtoreleasetheAssignmentofFundsfromBankofAmerica-U.S.Trustaccount#138121168764issuedtoLakeridgeDevelopmentI,LLConJanuary8,2016,intheamountof$21,337.79.ThisitemwaspostedtotheCityatRentononbehalfoftheMindy’sPlaceproject.Enclosedistheoriginaldocumentforyourreference.AcopyofthisletterandattachedAssignmentoffundshasalsobeenforwardedtoUSBankattheaddressbelow.Ifyouhaveanyquestions,pleasecontacttheCurrentPlanningManager,MattHerreraatmherrera@rentonwa.govorat(425)430-6593.Sincerely,VanessaDolbeePlanningDirectorEnclosure(s):BankofAmerica-USTrustAssignmentofFundsAcct.ff138121168764cc:BankofAmericaUSTrustWA-501-32-028005thAvenue,32ndFloorSeattle,WA98104inccSrith(,r?dvWvP,ntnnWAQRfl7•rntonw U.S.TRUSTBankofAmericaPrivateWealthManagementBankofAmerica.NAASSIGNMENTOFFUNDSTOTHECITYOFRENTONPrintFormResetFormApplicant:LakeridgeDevelopmentI,LLCOwner:LakeridgeDevelopmentI,LLCAddress:P0Box146Renton,WA98057Bank:BankofAmericaBranch:USTrustAddress:8005thAveFloor32Seattle,WA98104Phone:4252289750Email:waynejonesjrgmail.comAttention:WmWayneJones,Jr.Title:ManagingMemberPhone:206-358-5740Fax:206-358-5820Attention:BryanHattanTitle:ClientSalesandServiceOfficerTheabovereferencedbankherebycertifiesthat$TwentyOneThousandThreeHundredThirtySevenand79/100($21,33779)isondepositinaccount138121168764,underthenameoftheCityofRenton,tosecuretheapplicant’sperformanceofthefollowingworkrequiredinconnectionwiththeplatorprojectdescribedbelow:PlatorProject:MindysPlaceLocation/AddressofPlatorProject:160thAve.SEandSE140thSt.Therequiredworkisgenerallydescribedasthefollowing:WetlandsMitigationThebankherebycertifiesandagreesthatthesefundswillnotbereleasedwithoutwritteninstructionsfromanauthorizedagentoftheCityofRenton(theCity).WefurtheragreethatthesefundswillbepaidtotheCitywithinten(10)daysofreceivingwrittennoticethattheCityhasdeterminedthattherequiredworkhasnotbeenproperlyperformed.ThebankshallhavenodutyorrighttoevaluatethecorrectnessorappropriatenessofanysuchnoticeordeterminationbytheCityandshallnotinterpleadorinanymannerdelaypaymentofsaidfundstotheCity.TheapplicantherebyagreestothisAssignmentofFundsandthatitsobligationtoperformtherequiredworkisnotlimitedtotheamountoffundsheldbythebank.ThisAssignmentofFundsisirrevocableandcannotbecancelledbythebankorapplicant.Thesefundsmaynotbeassigned,pledged,usedassecurityorotherwisemadeavailabletotheapplicant,bankorthirdpartywithoutthepriorwrittconsentoftheCity.Jones,.,Title/,//DateNameolBankOfficer(Print)Signaturejk4Title/7//DateH:\CtD\Data\Forms.Templates\Seif-HeIpHandouts\PublicWorks\AssignmentofFunds,docxWA1-501-32-02,8005thAvenue.32ndFloorSeattle,WA9810412053583347F2053885820U.STrustoperatesthroughBankofAmerica,NA.andothersubsidiariesofBankofAmericaCorporationBankofAmerica.NA.MemberFDICRev:02/12/15ApIat/wnerH-jrAutorizegnatreManagingMember/RecycledPaper