What is the Construction Project Escrow Agreement?

It sets instructions and terms for a bank or trust company to hold and invest City warrants or checks for a contractor’s construction project.

Who signs the escrow agreement?

The agreement says it is not binding until executed by the escrow holder and contractor and accepted by the City. It includes signature and date fields.

Do I need a notary for the Construction Project Escrow Agreement?

No. This agreement is signed and dated without a notary, and it contains no notarized or sworn attachment.

Des Moines, WA · King County

No notary required

Construction Project Escrow Agreement

Contractors, the City of Des Moines, and a bank or trust company use this agreement to establish and administer escrow for a construction project.

What this form is

This agreement sets out how a bank or trust company holds and invests City warrants or checks for a contractor’s construction project. The contractor, escrow holder, and City execute it to establish the escrow arrangement. It asks for account and contract details, contractor and bank information, signatures and acceptance dates, and the selected type of approved bonds or securities.

Who needs it

A contractor arranging construction project escrow with the City of Des Moines and a bank or trust company needs this agreement.

How to submit it

Submit it to the city department named on the form; check the city website for current contact details.

About notarization

This agreement is signed and dated without a notary; it contains no notarized or sworn attachment, so the parties just sign and date it.

How to submit this form

1
Download the Agreement
Download the Construction Project Escrow Agreement PDF.
2
Complete the Agreement
Fill in the account, contract, contractor, bank or trust company, and contact details requested.
3
Select Approved Securities
Check the selected type of bonds or securities from the options listed in the agreement.
4
Sign and Date
Have the contractor, escrow holder, and City complete the applicable signature and acceptance fields.
5
Submit to the City
Submit it to the city department named on the form; check the city website for current contact details.

Frequently asked questions

What is the Construction Project Escrow Agreement?: It sets instructions and terms for a bank or trust company to hold and invest City warrants or checks for a contractor’s construction project.
Who signs the escrow agreement?: The agreement says it is not binding until executed by the escrow holder and contractor and accepted by the City. It includes signature and date fields.
Do I need a notary for the Construction Project Escrow Agreement?: No. This agreement is signed and dated without a notary, and it contains no notarized or sworn attachment.
How do I submit the Construction Project Escrow Agreement?: Submit it to the city department named on the form; check the city website for current contact details.

Need something notarized?

This Construction Project Escrow Agreement doesn’t need a notary — but if you have another Des Moines form that does, a commissioned online notary can help.