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2017-141
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2017-141
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Last modified
12/13/2017 12:16:33 PM
Creation date
10/6/2017 12:29:55 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Cash Deposit and Escrow Agreement
Approved Date
10/03/2017
Control Number
2017-141
Agenda Item Number
8.C. (2 documents)
Entity Name
Duane C. Pankratz
Subject
Wild Turkey Sand Mine Cash Deposit and Escrow Agreement
Project Number
Fourth Phase
Alternate Name
Mining
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5. Any interest earned during the term of escrow, less <br />administrative expenses, shall be disbursed at close of escrow unless necessary <br />for County to utilize in cure of developer's default. <br />6. The funds deposited hereunder exist solely for the protection, <br />use and benefit of the County and shall not be construed or intended in any way, <br />expressly or impliedly, to benefit or secure payment to any contractor, <br />subcontractor, laborer, materialman, architect, engineer, attorney or other party <br />providing labor, material, supplies, or services to Developer and/or Funder while <br />such funds remain subject to this escrow agreement. The County shall not be <br />liable to any of the aforementioned parties for claims against the Developer <br />relating to the approved mining site. <br />7. Alternate security, in the form of performance bonds or letters <br />of credit, may be substituted with the approval of the County Attorney. <br />8. This Agreement is the full and complete understanding of the <br />parties and shall not be construed or amplified by reference to any prior <br />agreement, discussion, or understanding, except as specifically mentioned <br />herein. This Agreement shall not be assigned without the express written <br />approval of the County. Any amendment, deletion, modification, extension, or <br />revision hereof or hereto shall be in writing, and executed by authorized <br />representatives of each party. <br />IN WITNESS WHEREOF, the parties hereto have set their hands <br />and seals. The effective date of this Agreement shall be the date of approval by <br />the Board of County Commissioners. <br />Signed in the presence of: <br />sign nam <br />print nam <br />sign name: <br />print name: <br />Date: �S <br />Signed in th <br />sign nam <br />print name: <br />/7 <br />esence of: <br />WILD TURKEY ESTATES OF VERO, <br />L.L.C., a Florida limited liability <br />company <br />By. <br />Duane C. Pankratz <br />7 -.7- <br />nager <br />DEVELOPER <br />sign name: <br />print name: <br />Date: g _ <br />a <br />Li <br />uane C. Pankratz <br />NDER <br />
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