My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2000-351
CBCC
>
Official Documents
>
2000's
>
2000
>
2000-351
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/16/2024 12:07:35 PM
Creation date
8/16/2024 12:06:49 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
11/21/2000
Control Number
2000-351
Agenda Item Number
7.M.
Entity Name
GHA St. Joseph's Island, Inc.
Subject
Cash Deposit and Escrow Agreement
Grand Harbor Plat 22
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
5
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
St. Joseph's Island — Grand Harbor Plat 22,x', <br />a Planned' Residential Development F©RMS(cash)LEGAL(WGClnhrn) <br />for use with Contract for <br />Construction of Required Improvements <br />CASH DEPOSIT AND ESCROW AGREEMENT <br />THIS AGREEMENT is entered into this 1:t� day of <br />k& , 2000, by and between GHA ST. JOSEPH'S ISLAND, INC., a <br />Florida corporation (Developer), and INDIAN RIVER COUNTY, a political <br />subdivision of the 'State of Florida (County): <br />WITNESSETH; <br />WHEREAS, Developer is effecting a subdivision of certain property <br />within Indian River County and is required to provide surety supporting a contract <br />with the County for the construction of certain required improvements related thereto; <br />NOW, THEREFORE, in consideration of the agreements, promises, <br />and 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 Bud let (Escrow Agent) the sum of - <br />ao Dollars ($. the <br />receipt wl'ereof is hereby acknowle ged, which sum shall be held in escrow by said <br />Office, subject to the terms, conditions and covenants of this escrow agreement as <br />assurance that Developer shall perform in all respects the obligations set forth in the <br />aforementioned Contract for Construction of Required Improvements, which <br />agreement its attached hereto and incorporated herein by reference (Contract). <br />2, Upon completion of any distinct or separable phase or <br />improvement, or independent portion thereof, the Developer may obtain a <br />disbursement from the escrow account by making a written request to the Board of <br />County Commissioners of Indian River County through the County's Public Works <br />Director. The request shall specify the amount of disbursement desired and shall be <br />accompanied by a sealed certificate from Developer's engineer describing the work <br />completed, the actual cost thereof, the estimated cost of all remaining work which is <br />secured by the escrow account, and that the work for which disbursement is <br />requested has been completed in accordance with the most recent set of plans and <br />specifications approved and on file with the County. <br />3. The amount of any given disbursement shall not exceed eighty <br />(80°fa) percent of the total cost of improvements certified as being completed under <br />the preceding paragraph; i.e., twenty (20%) percent of the cost of each phase, <br />improvement, or portion thereof, shall be retained in the escrow account until the <br />
The URL can be used to link to this page
Your browser does not support the video tag.