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impson Engineers, Inc.
CIVIL ENGINEERS Ac LAND SURVEYORS
N.9O9 ARCONNL. ROAD
SPOKANr, WA 99212 PH 926-1322
UA 1I UNA*INI. NU f Nll.EC.I NU
lA 1I
IRREVOCABLE LETTER OF CREDIT
AMOUNT: $ 1,000.00
TO: SPOKANE COUNTY ENGINEERS
811 NORTH JEFFERSON
SPOKANE, WA 99260-0170
SUBJECT: LOT BLOCK KRUEGER'S 4TH ADDITION (Plat)
PLAT # P 1468. (Development)
Gentlemen:
NO.
We hereby authorize our irrevocable Letter of Credit in your favor, and authorize you to draw on
the (bank), a draft up to one
thousand (Dollars) . ($1,000.00), for the account of
(developer).
The draft, drawn under this Letter of Credit, covers the assurance of completion of installation of
storm drainage, drainage swales, sod and other work as is incidental and related thereto in accordance
with the drawings and specifications as submitted to and approved by the Spokane County Engineer's
Office on (date), and is to be accompanied by the following
documents: written request by Spokane County Engineer's Office to
(bank), at the above address indicating non -completion of all or
any of the above improvements and that amount of money required to complete such improvements.
We hereby agree with the drawer, endorser and bona fide holder of this draft, negotiated under
and in compliance with the terms of this credit, that said draft shall be duly honored upon presentation
at the (bank),
at any time before completion of the above-described improvements or performance, in which event
written notice shall be given by Spokane County to the bank.
(developer) shall be responsible for any cost incurred by the county in excess of the amount of security.
Drafts, drawn under this Letter of Credit, shall bear on their face the words
Drawn under (bank)
(bank address)
Credit No. Dated
kU\f\assign.208
Bank Name:
By:
(authorized signor)
"AGREEMENT"
In consideration of the issuance of a building permit for Lot , Block
KRUEGER'S 4TH ADDITION (plat) plat # P 1468
(Developer) has deposited $1,000.00 with Spokane County as security for full and faithful
performance by Developer respecting certain drainage facilities and sod in accordance with the
drawings and specifications as submitted to and approved by the Spokane County Engineers Office on
(date) 199 .
Developer hereby agrees that should such drainage facilities and sod not be constructed in
accordance with the approved drawings within six months of occupancy, Spokane County may then
use the security to bring these facilities and sod into conformance therewith. Developer shall be
responsible for any costs incurred by the county in excess of the amount of security.
Spokane County agrees to return to Developer any unused funds upon satisfactory completion of
these facilities and sod.
NAME Sc. ADDRESS TO BE RETURNED TO:
(Developer Signature)
DATE
k\j\f\assign.208
For security purposes only,
ASSIGNMENT
SPOKANE COUNTY, a political subdivision of the State of Washington, the following:
Savings Certificate Number
in the face amount of
and held in and by
Bank of
(developer) hereby assigns to
$1,000.00
Branch
(bank address)
This assignment is made as security for the full and faithful
of certain drainage facilities and sod for LOT BLOCK
Plat # P 1468 in accordance with the drawings: and specifications
Engineers office on (date)
performance by (developer)
, KRUEGER'S 4TH ADDITION (Plat)
as submitted to and approved by the Spokane County
,199
Any interest benefits accruing under said savings certificate shall remain the property of
(developer) Said savings certificate to be released to
other party only with the prior written consent and agreement of Spokane County. (developer) any
PROVIDED, FURTHER, the undersigned does hereby authorize
to pay over to Spokane County all or a sufficient portion of the monies in the savings certificate referenced hereinabove upon
written documentation being received from the Spokane County Engineer indicating that the purposes for which the savings
certificate was assigned have not been fully and faithfully performed as required and a statement of that amount of money
which the County Engineer as required and a statement of that amount of money which the County Engineer deems necessary
to complete such obligation. Upon receipt of such written documentation,
hereby authorizes (developer)
(bank) to release to Spokane County that amount of money
requested up to the maximum amount in the savings certificate.
shall be responsible for any costs incurred by the county excess of the amount of security. (developer)
DATED this
President
Secretary
day of , 199
BANK OF
DATED this day of , 199
STATE OF WASHINGTON
County of Spokane
:ss
DEVELOPER
On this day personally appeared before me
to me known to be the individual described in and who executed the within and foregoing instrument, and acknowledged that _
signed the same as
fret and voluntary act and deed, for the uses and purposes therein mentioned.
GIVEN UNDER MY HAND AND OFFICIAL SEAL this
day of 199
Notary Public in and for the State
k\j\I\assign.208
of Washington, residing at Spokane