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HomeMy WebLinkAboutS_Release_Letter_Deferral_AOF_53910001175_DEF16006660_171205.pdfDentsLawMayorDecember5,2017WHHughesJr.Co.Inc.Attn:MattHughes14401Issaquah-HobartRoadSEIssaquab,WA98027Community&EconomicDevelopmentC.E.Chip’Vincent,AdministratorSUBJECT:DearMr.Hughes:RELEASEOFASSIGNMENTOFFUNDSACCOUNT#53910001175SKAGENSHORTPLATJDEFERRALPERMIT#DEF1GOO6GGOThisletterwillserveasauthorizationtoreleasetheAssignmentofFunds#53910001175heldonaccountatBannerBankintheamountof$12,000.00,issuedtoWHHughesJr.Co.Inc.onDecember28,2016.ThisitemwaspostedtotheCityofRentononbehalfoftheSkagenShortPlatproject.Enclosedistheoriginaldocumentforyourreference.Ifyouhaveanyquestions,pleasecontacttheprojectmanager,JustinJohnsonat(425)430-7291.Sincerely,JeuJenniferHenningPlanningDirectorEnclosure(s):AssignmentofFundsAccountff53910001175cc:JustinJohnson,DevelopmentEngineeringProjectManagerBrianneBannwarth,DevelopmentEngineeringManager1055SouthGradyWay,Renton,WA98057rentonwa.gov Applicant:WHHughesJr.Co.Inc.Bank:_____________Owner:WHHughesJr.Co.Inc.Branch:lssaquah,WAAddress:14401Issaquah-HobartRdSeAddress:1375NWMaNStreetIte1_________________Issaquah,WA98027_____________________________Phone:(425)395-1199Email:matthugheshomes.comFax:_____________________________Attention:MailHughesAttention:TriniLanghansTitle:VicePresident,WHHughesJr.Co.Inc.Title:PersonalBankerTheabovereferencedbankherebycertifiesthat$\2,e7tO.00isondepositinaccount#z..S39InonII]underthenameoftheCityofRenton,tosecuretheapplicant’sperformanceofthefollowingworkrequiredinconnectionwiththeplatorprojectdescribedbelow:NatorProject:Skagen5lotshortplatLocation/AddressofPlatorProject:19700TalbotRoadS,Renton,WA98055Thereiiuiredworkisgenerallydescribedasthefollowing:__________________________________________f.ch,<AfifftflL.3tliid4t(r\i,rln4cI/1.?.4.-ThebankherebycertifiesandagreesthatthesefundswillnotbereleasedwithoutwritteninstructionsfromanauthorizedagentoftheCityofRenton(theCity).WefurtheragreethatthesefundswillbepaidtotheCitywithinten(10)daysof-receivingw’rittennoticethattheCityhasdeterminedthattherequiredworkhasnotbeenproperlyperformed.ThebankshallhavenodutyorrighttoevaluatethecorrectnessorappropriatenessofanysuchnoticeordeterminationbytheCityandshallnotinterpleadorinanymannerdelaypaymentofsaidfundstotheCity.TheapplicantherebyagreestothisAssignmentofFundsandthatitsobligationtoperformtherequiredworkisnotlimitedtotheamountoffundsheldbythebank.ThisAssignmentofFundsisirrevocableandcannotbecancelledbythebankorapplicantThesefundsmaynotbeassigned,pledged,usedassecurityorotherwisemadeavailabletotheapplicantbankorthirdpartywithoutthepriorwrittenconsentoftheCity.WHHughesJr.Co.Inc.TriniLanghansApplicant/OwnerNameofBankOfficer(Print)AuthorizedikatureAuthorizedSignatureL’Vice’Preident,WHHughesJr.Co.Inc.PersonalBankerTitle(&2t1-7ok’DateTitlev-2%-1c0Date1375NWMallSt.•lssaquah,WA98027.8950Phone:425-395-1199•Fax:425-395-llIt•baxrnerbank.cornMemberFDIC,EqualHousingLenderASSIGNMENTOFFUNDSTOTHECITYOFRENTONLAABannerBank/Issaquah,WA98027Phone:(425)395-5599LBANNER-.4BANKLJEQUALNOOSINGLENDERRev:02/12/15