Trust FundDEVELOPER AGREEMENT
This Agreement is made pursuant to the provisions of Sections 17.84.090 of the Yelm Municipal Code for the purposes of bonding in lieu of completion of required improvements and repairs
described in the Exhibit A attached hereto and made a part hereof. The undersigned does deposit in trust with the City of Yelm Six Thousand dollars ($6,000.00) and grants the City the
full power and authority to hold and expend the deposited amount for the purpose of completing the required improvements and repairs described in said Agreement not completed by DATE,
pursuant to said agreement.
It is understood and agreed that the City holds the certificate covering said account in its possession and agrees to hold the sum of Six Thousand dollars ($6,000.00) until release or
partial release of this Agreement is received from the Community Development Department pursuant to the terms of the attached Exhibit, or demand made by the Community Development Department
pursuant to Section 17.84.090 of the Yelm Municipal Code and the provisions of said attached Exhibit.
DATED this day of , 2005
DEVELOPER
EXHIBIT A
Required Improvement Financial Assurance
Land Use Conditions of approval as attached