HomeMy WebLinkAbout2001 Union SP_U15001676_AOF 53920003471 Maintenance Surety.pdf(Example. please submit on bank letterhead)
ASSIGNMENT OF FUNDS TO TIT CITY OF REN
APPLICANT'
Owner: �, c Et , -
Address: r �tof -
BANK:
Branch:
NNER
BANK
Phone:_ -.-4 - Phone:t -,- -
Fax:_ Fax: .�
Attention: ;} ,� �` Attention: 6,V�[ , 5{�
Title: Title: AV P
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The above referenced bank- hereby certifies that $ _ ., Z �IBan Name
� is an
deposit in account # P-0-02)4 T 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: ;:7 -
Plat or Project: � �
Location/Address of Plat or Project:
The required work is generally described as follows: r
ter` S -ti 5 l
The bank hereby certifies and agrees that these funis 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
ank
This Assignment of funds is irrevocable and cannot be cancelled by the bank cr 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.
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Applicant Bank
Authorized S ., nature
Name, Title
Authorized Srignnaturel
�41ss AQ P
Name, Title
_ — , _ Ace --
Date Date
1Assignmco of runck.doc
1375 NW Mall St. • Issaquah, WA 98027.8950
Phone: 425-395-1199 • rax: 425-395-1.172 • bannerbank.com
LENDER Member FDIC, Equal Housing Lender
016,31