HomeMy WebLinkAbout2001 Union SP_DEF16003501_AOF 53920003463 Deferral Pond Landscaping.pdf(Evaniple: please submit on bank letterhead)
ASSIGNMENT OF FUNDS TO THE CITY OF REN
APPLICANT: • �__ •���5 BANK:
Owner: Branch:
Address. Address:
Phone: Av — -44-
Fax:
Attention: ;)
Title:
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St -t T
Phone: — 30t S l ig 9
Fax:
Attention:
Title: Aq Q
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The above referenced bank hereby certifies that S is on
deposit in account # q 00 D 3q J under the name of the City of Renton,
to secure the applicant's performance of the following work required in connection with the plat or
project described below: �� �LA7
Plat or Project: l �� °`-� L�
Location/Address of Plat or Project: _ 2�a
The required work is generally described as follows:
The bank hereby certifies and agrees that these funds will not be released without written instructions
from an authorized agent of the City of Renton (the City). We further agree that these funds will be paid
to the City within 10 days of receiving written notice that the City has determined that the required work
has not been properly performed. The bank shall have no duty or right to evaluate the correctness or
appropriateness of any such notice or determination by the City and shall not interplead or in any manner
delay payment of said funs to the City.
The applicant hereby agrees to this Assignment of Funds and that its obligation to perform the required
work is not limited to the amount of funds held by the bank.
This Assignment of funds is in -evocable and cannot be cancelled by the bank or applicant. These funds
may not be assigned, pledged, used as security or otherwise made available to the applicant, bank or third
party without the prior written consent of the City.
A - L
Applicant Bank
Authorized Si , lure Ir j/—
Name, Title
Li -V , - +�
Authorized Signature
Name, Title
2— L —o Le
Datc Date
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%Assignmcnt of Funds.doc
1375 NW Mall St. • Issaquah, WA 98027-8950
Phone: 425-395-1199 • Fax: 425-395-1172 • bannerbank.com
LENDER Member FDIC, Equal Housing Lender
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BANK
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