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2003-116
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2003-116
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Last modified
10/13/2016 4:40:17 PM
Creation date
9/30/2015 6:30:57 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Cash Deposit and Escrow Agreement
Approved Date
05/13/2003
Control Number
2003-116
Agenda Item Number
7.N.
Entity Name
Sebastian Car Wash II - Ron Adamson
Subject
Cash deposit and escrow agreement for water line bond
Area
580 Balboa St., Sebastian
Archived Roll/Disk#
3161
Supplemental fields
SmeadsoftID
3246
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Sebastian Car Wash II r J <br /> 03 � � ` � <br /> CASH DEPOSIT AND ESCROW AGREEMENT <br /> THIS AGREEMENT is entered into this 13th day of May , 2003 , <br /> by and between Ron Adamson ( Developer) , and INDIAN RIVER COUNTY, a <br /> political subdivision of the State of Florida ( County) : <br /> WITNESSETH : <br /> WHEREAS , Developer is effecting a development of certain property <br /> within Indian River County and is required to provide surety supporting a Bill of <br /> Sale of Utility Facilities for the maintenance of certain required improvements <br /> related thereto , namely: <br /> See Bill of Sale attached hereto <br /> NOW , THEREFORE , in consideration of the agreements , promises , and <br /> covenants set forth herein , and other good and valuable considerations , the <br /> parties hereto agree as follows : <br /> 1 . The Developer has tendered to the County Office of Management <br /> and Budget ( Escrow Agent) the sum of One Thousand One Hundred Fifty-Five <br /> and 25/100 Dollars ($ 1 , 155 . 25) , the receipt whereof is hereby acknowledged , <br /> which sum shall be held in escrow by said Office , subject to the terms , conditions <br /> and covenants of this escrow agreement as assurance that Developer shall <br /> perform in all respects the obligations set forth in the aforementioned Bill of Sale , <br /> which is incorporated herein by reference . <br /> 2 . Upon completion of the maintenance period specified in the Bill of <br /> Sale , the Developer may obtain a disbursement from the escrow account by <br /> making a written request to Indian River County through the County' s Utilities <br /> Director. The request shall specify the amount of disbursement , and shall be <br /> accompanied by a sealed certificate from Developer' s engineer that the work for <br /> which disbursement is requested remains in satisfactory condition in accordance <br /> with the most recent set of plans and specifications approved and on file with the <br /> County. <br /> 1 <br /> FAAttomey\Nancy\DOCS\PLAN\CASH DEPOSIT form for 25% maint site plan . doc <br />
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