HomeMy WebLinkAbout5.1027 Original ContractASSIGNMENT OF SAVINGS
THIS AGREEMENT is for the purpose of fulfilling the following requirements:
Construction of transportation and utility required for approval of the JOKRIJO
Subdivision.
The undersigned does hereby assign, transfer, and set over unto the City of Port Angeles all right, title,
and interest in and to $301.846.20 with full power and authority to demand, collect, and receive said
deposit, and to give receipt and acquittance therefor, for the uses and purposes prescribed by said City of
Port Angeles. The City may withdraw from the savings account identified herein in the amount necessary
to perform/complete the improvements listed on the attached cost estimate, up to and including t t tire
NIP
amount set forth in this assignment of savings, if any of the following occurs: 44
(1) The owner(s) do(es) not perform the above stated improvements by
standards as required by the City Engineer, or
Apra 12 2012, W
(2) A building permit is issued to any person or entity for construction on any lot before the attached
listed improvements are physically complete and accepted by the City.
Note that the current plans for JOKRIJO Subdivision have expired, and new plans must be submitted, and
approval obtained by the Owner(s) or their agent(s) before work may begin.
It is understood and agreed that Sound Community Bank holds the savings account in its possession
and agrees to hold the funds until a written release of this assignment is received from the City of Port
Angeles.
CITY OR'A
cSteohtr err
By: Name /Title
Bank: 307 d ear 2w) YY1
By: k (IS Fero
Name /Title, ate
s- -to U. J in�, t S 1 7 of
Date Name/itle Date
Account 1 (a/ f-1 to
Bank Address: 1 11 N. A (d S-4-Y-624-
2S A 683fo).
W)) 1402. --Li 10.
OWNER(S)
C \Users\Konopaski\AppData\ Local \Microsoft\ Windows \Temporary Internet Files\ Content.IES\KKDE9M2T\Assignment of Savings
Formv2 doc
5 to a,7
Phone: (3 (alb) 14 5 2 "3 2.�1 2.7
EMail: 1 ono COL4 aen ,C4'h')
u