8/18/2017 2:05:32 PM
8/18/2017 2:01:51 PM
Official Document Type
Tri-Party Lease Agreement
Agenda Item Number
Three Party Escrow Agreement
Right of Way Demolition, Acquisition, Relocation Assistance Services and Consulting Fees
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A 7,I..1d.. CVPY <br />i:i4 LAST PAGE <br />J.R. SMITH, CLERK <br />6. Unless instructed otherwise by FDOT, all interest accumulated in the escrow <br />account shall remain in the account for the purposes of the Project. <br />7. The Escrow Agent agrees to provide written confirmation of receipt of funds to <br />FDOT. FDOT agrees to provide a copy of such written confirmation to Participant <br />upon request. <br />8. The Escrow Agent further agrees to provide quarterly reports to FDOT concerning <br />the escrow account. FDOT agrees to provide a copy of such quarterly reports to <br />Participant upon request. <br />9. The Escrow Agent shall not be liable for any error of judgment or for any act done <br />or omitted by it in good faith, or for anything which it may in good faith do or refrain <br />from doing in connection herewith. <br />10. Escrow Agent shall have no liability for any claim, cost, expense, damage or loss <br />due to the acts or omissions of FDOT and Participant, nor from any separate <br />agreements between FDOT and Participant and shall have no responsibility to <br />monitor or enforce any responsibilities herein or in any separate agreements <br />associated with this Agreement between FDOT and Participant. <br />11. This Agreement shall be governed by and interpreted in accordance with the laws <br />of the State of Florida. <br />12. This Agreement may be executed in two or more counterparts, each of which shall <br />be deemed an original, but all of which together shall constitute one and the same <br />instrument. <br />13. This Agreement shall terminate upon disbursement by the Escrow Agent of all <br />money held by it in the escrow account in accordance with the instructions given <br />by FDOT's Comptroller or designee and notification from FDOT to Escrow Agent <br />that the account is to be closed. <br />The remainder of this page is blank. <br />
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