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9/30/2015 10:49:29 PM
Official Document Type
Agenda Item Number
CRF - Panther IX LLC
cash deposit and Escrow Agreement Century Town Center
site plan compliance
Century Town Center
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F <br /> Century Town Center aOOPIT 5 <br /> Tax Parcel I . D. ##33-39-07-00001 -0080-00001 . 1 and <br /> 33-39-07-00001 -0080-00002.0 <br /> Compliance - $8 , 660 . 00 <br /> Restoration - $ 5 , 000 . 00 <br /> CASH DEPOSIT AND ESCROW AGREEMENT <br /> AA-07-05-86 (2004060358-57889) <br /> THIS CASH DEPOSIT AND ESCROW AGREEMENT is entered <br /> into this __O_ day of 2007 , by and between CRF - PANTHER IX, <br /> LLC , a Florida limited li bility company ( Developer) , and INDIAN RIVER <br /> COUNTY, a political subdivision of the State of Florida (County): <br /> WITNESSETH : <br /> WHEREAS , Developer is mining certain property within Indian <br /> River County and is required to post bonds insuring compliance with the <br /> requirements of the approved mining site plan ; Indian River County Code Section <br /> 934 . 07 ; and restoration of the site . <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 <br /> Management and Budget ( Escrow Agent) the sum of Thirteen Thousand Six <br /> Hundred Sixty and No/ 100 Dollars ($ 13 , 660 . 00 ) , the receipt whereof is hereby <br /> acknowledged , which sum shall be held in escrow by said Office , subject to the <br /> terms , conditions and covenants of this escrow agreement as assurance that <br /> Developer shall perform in all respects the obligations of Indian River County <br /> Code Chapter 934 with respect to site plan compliance ($8 , 660 . 00 compliance) <br /> and site restoration ($ 5 , 000 . 00 restoration ) . <br /> 2 . Upon completion of the restoration of each mine phase , the <br /> Developer may obtain a disbursement from the escrow account by making a <br /> written request to Indian River County's Community Development Director. The <br /> request shall specify the amount of disbursement, and shall be accompanied by <br /> a sealed certificate from Developer's engineer that the mine is in compliance and <br /> has been restored in accordance with the most recent set of plans approved and <br /> on file with the County . <br /> FATRUEANDCORRECTC6PYOF <br /> LORIDA <br /> ER COUNTY <br /> ERTIFY THAT THIS IS <br /> ..CORRECTC6PVOF <br /> AL ON FILE IN THIS <br /> EY, �, SARTOWCLERK <br /> F:\Attomey\Nancy\DOCS\PLAN\mining century town center2.doc -"� -�czwD. C. <br /> DATE - Cr - tel' ""'.f C <br />
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