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05/19/2015 (4)
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05/19/2015 (4)
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Last modified
12/26/2018 1:17:06 PM
Creation date
8/12/2015 1:26:13 PM
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Meetings
Meeting Type
Regular Meeting
Document Type
Agenda Packet
Meeting Date
05/19/2015
Meeting Body
Board of County Commissioners
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return. Investments in the escrow account will be assessed a fee in accordance <br /> with Section 17.61(4)(b), Florida Statutes. All income of the investments shall <br /> accrue to the escrow account. <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 Partielp)nt <br /> upon request. m. <br /> 8. The Escrow Agent further agrees to provide quarterly reports to F t •`concerning <br /> the escrow account. FDOT agrees to provide a copy of suety< • •rly reports to <br /> Participant upon request. v <br /> 9. The Escrow Agent shall not be liable for anyerror of ��d! <br /> &rit <br /> 1��n nt or for any act done <br /> or omitted by it in good faith, or for anything may in good faith do or <br /> refrain from doing in connection herewith. AS, <br /> 10. Escrow Agent shall have no liability fdamage laim, cost, expense, or loss <br /> due to the acts or omissions of FIiand Participant, nor from any separate <br /> agreements between FDOT d Participant and shall have no responsibility to <br /> monitor or enforce any res ibilities herein or in any separate agreements <br /> associated with this Agro between FDOT and Participant. <br /> 11. This Agreement slekbee governed by and interpreted in accordance with the laws <br /> of the State of qo i •:a. <br /> 12. This A a,z• t may be executed in two or more counterparts,each of which shall <br /> be de.. ;. an original,but all of which together shall constitute one and the same <br /> inent. <br /> 13 Agreement shall terminate upon disbursement bythe Escrow ow Agent of all <br /> CC„ money <br /> money held by it in the escrow account in accordance with the instructions given by FDOT's Comptroller or designee and notification from FDOT to Escrow Agent <br /> (S, that the account is to be closed. <br /> Page 16 <br /> 110 <br />
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