HomeMy WebLinkAbout2009-200 AMENDMENT TO ESCROW AGREEMENT
This Amendment to that Escrow Agreement entered into on or about January 30 , 2007 ,
by and between Shadowbrook Estates , Inc . , a Florida corporation (" Seller") and Indian River
County, a political subdivision of the State of Florida ("Buyer") , (together, the "Parties ") , is
hereby incorporated and made a part of the Escrow Agreement :
The Parties agree that the following provisions are made a part of the Escrow Agreement ,
and to the extent that any conflict exists between the terms and provisions of the
Escrow
Agreement and this Amendment thereto , the terms and provisions of this Amendment shall
govern and prevail :
1 . Notwithstanding any other terms and provisions of the Escrow Agreement, the
Term of the Escrow shall be extended for two (2) years from the Effective Date of
this Amendment . Any funds remaining in the Escrow after that time shall be
delivered to Seller. Seller shall be responsible for any post-remediation
monitoring required by DEP for up to two (2 ) years from the Effective Date of
this Amendment . Seller shall not be responsible for required post-remediation
monitoring after two (2 ) years from the Effective Date of this Amendment . The
Effective Date of this Amendment shall be the date the second Party executes this
Amendment .
2 . Except as modified herein the Escrow Agreement remains in full force and effect .
3 . This Amendment may be executed in counter parts , and the counter parts together
shall constitute the single agreement of the Parties . Facsimile transmission of a
counter part signed by a Party shall be sufficient to establish the signature by that
Party.
SELLER : BUYER :
SHADOWBROOK ESTATES , INC . , INDIAN RIVER COUNTY,
a Florida corp tion a political subdivision, of the
State of Florida
By : By
Printed Name : �rTL� Printe( , Name : Wes Le S
Title : R��rs �� ��,, r o , = stiaa�� 6QuokS Title : C . 1 i rrL-
Date : >(� ,vC� a 01 �� �1 Date : July ?_ 1 , 2009
ESCROW AGENT :
C LINS , BROWN, CALDWELL BARKETT, APPROVED A5 7`0 F01im
& RAVA GA , CHARTERED AND EGA �St1FFICIENCY
By : ' ` J
Printed Name : F
acv ( ,/ MARIAN E .
_
c� $ ASSISTANT COUNTY ATrOFINEy
Title : Vaca Pis ,
Date : -V 2A I