Entrusted Payment Certificate Example [Edit & Download]

Certificate Information:

• Certificate Number: EPC-2032-0098
• Issued By: Trust Financial Services
• Issue Date: March 10, 2032

Project Information:

• Project Name: Gateway Urban Renewal Project
• Location: 750 New District Blvd, Metro City, State
• Contract Number: GURP-2031-088

Contractor Information:

• Contractor Name: Urban Development Corp.
• Address: 110 Industrial Estate, Metro City, MC 50001
• Contact Details: Laura Johnson, CEO, (800) 555-0199

Funding Details:

• Source of Funds: Metro City Development Fund
• Total Fund Amount: $50,000,000
• Purpose of Funds: Construction and development of the urban renewal project

Payment Conditions:

• Phase 1 Completion: $10,000,000 upon completion of site clearance and groundwork.
• Phase 2 Completion: $15,000,000 upon completion of infrastructure setup.
• Phase 3 Completion: $25,000,000 upon final completion and regulatory approval.

Entrustment Agreement:

• Conditions for Disbursement: Funds will be released in accordance with the project milestones specified above. Each disbursement requires the submission of a detailed report verified by an independent inspector that confirms the completion of each phase to the standards specified in the contract.

Certification:

• This certificate authorizes Trust Financial Services to hold and disburse the total fund amount in alignment with the project milestones. It serves as a binding document to ensure that funds are used exclusively for the Gateway Urban Renewal Project under the terms agreed upon.

Authorized Signatory:

• Name: Mark Bennett
• Position: Senior Trust Officer
• Signature: [Signature Mark Bennett]

Date of Issue:

• Issued on: March 10, 2032

Additional Notes:

• Monitoring: Regular audits and inspections will be conducted to ensure compliance with the project delivery milestones and fund usage.
• Contact Information for Oversight: Oversight Committee, Phone: (800) 555-0200, Email: oversight@gatewayproject.com