Escrow Agreement r4
I5060
•
V
ESCROW AGREEMENT
THIS AGREEMENT is made this 11th day of January, 1990, by and
between GERALD A. ROSENGREN referred to in this Agreement as "the
Property Owner") and the City of Salina, Kansas (Referred to in the
Agreement as "the Escrow Agent") .
RECITALS
A. Property owner is the owner of real estate legally described as:
Lot 19, Block 4, Meyer Addition to the City of Salina, Saline
County, Kansas
(referred to in this Agreement as "the Real Estate")
B. Special Assessments have been levied against the Real Estate
and bonds have been issued by the City of Salina, Kansas, in payment of the
costs of the public improvements for which the special assessments were
levied.
C. Pursuant to Salina Ordinance Number 88-9252, the Property
Owner wishes to deposit with the Escrow Agent funds which, when held in an
interest-bearing account, will generate sufficient interest such that the share
of annual payments of bond principal and interest attributable to the Real
Estate can be made.
D. The Escrow Agent is willing to receive such payment from the
Property Owner and to hold such funds, subject to the terms and conditions of
this agreement.
NOW, THEREFORE, the parties agree as follows:
1 . Payment. The property Owner deposits with the Escrow Agent
the sum of Four Thousand Ninety-nine and 52/100 Dollars ($4,099.52) , the
receipt of which is hereby acknowledged by the Escrow Agent. The amount
deposited by the Property Owner has been determined as follows:
a. All unpaid special assessment
installments which have been levied
against the Real Estate $
b. All unlevied principal and interest
installments plus an annual
administrative fee of 5% of the annual
principal and interest due, reduced to
a present value based upon the
discount rate of ( .06%) $4,099.52
TOTAL $4,099.52
2. Investment. The sum deposited by the Property Owner with
the Escrow Agent shall be deposited by the Escrow Agent in an escrow account
under the City's Special Assessment Escrow fund arid invested as permitted by
law.
3. Annual withdrawal. In January of each year the Escrow Agent
shall transfer from the escrow account an amount necessary to pay the annual
bond principal and interest payments attributable to the Real Estate and the 5%
annual administration fee. The amount necessary to pay bond principal and
interest will be transferred to the City's Bond and Interest Fund and the
administrative fee shall be transferred to the City's General Fund.
4. Termination. This Escrow Agreement shall terminate on
December 20, 1998, coinciding with payment from the escrow account of the
final annual installment of bond principal and interest attributable to the Real
Estate.
5. Binding effect. This Escrow Agreement shall be binding upon
and inure to the benefit of the heirs, executors, administrators, devisees,
legatees, successors and assigns of the parties.
EXECUTED this 11th day of January, 1990.
�'Property Owner"
CITY OF SALINA, KANSAS
By
"Escrow\Agent"
STATE OF KANSAS, SALINE COUNTY, ss:
The above and foregoing instrument acknowledged before me this
11th day of January, 1990, by Gerald A. Rosengren, the property owner.
SUSANNE C.E $TADLER .4 i /i .1/
NotaryPttue-StateofKermasI otary 'ublic /
My Apo.Expires Jan.17, 1991
STATE OF KANSAS, SALINE COUNTY, ss:
The above and foregoing instrument acknowledged before me this
11th day of January, 1990, by Jacqueline Shiever, City Clerk of the City of
Salina, Kansas, on behalf of the City of Salina, Kansas.
/
SUSANNE C.FBeA$TAdFR .to r y 'u• is
Notary Public-State of Kansas
MY Appt.Ea a Jm.17. 1994
•
31 m
r1 3 g _ n F- r
CO Al '0 o
1.. m H H H H H H H H H i- H H 71 = a m
rt H a' 9 a' 00 'D Jr* 'D SD 'D 'D '0 'o 'D P.m
• fD rt m 'O '0 O 'O '0 'D 'O b b b N = w H CA
'0 CO J P lA f w N h' 0 0 = rII• O H
CO N O• 0. H to : O F H
• m N 3 m = a-0 3 a - 0
O 9 9 0 - Wa a a4"a(Aa fntd _ z
9 ro a W In co f f f f VI co c o 0 'O R' -
It R M O,a t- f Ot CO F+ w N J Co H
n m '< ft V 0 OaJ 0wt4N Ut
m .o M S - • • • • - • • • •
n '<< fi_t 3 m w0 'J0A ON, lfJ1 m CJ, w0 m o
•• 3 CD 0.
f o
0- 93m0 ro r.
0. N '< m Fg. w H
Ha a a a49 to HHZ
rt Pi* P'ID m a) wwww wwww0n
O O m 0 a N fA'O 'O 0 0 'O '0 '0 'O CO H n _
^ M n a ft w O N N N N N N N N f 9
r^' n CT n 3 CO O f f f f f f A f F- r _r.
CD N a 'O DC1 N0 O, 0 PP O, C, 0, O f 2 _
n Da W rt H
o 0 CD H H O
G7 z m
ft ft E 3 H- as La HaH Of
'< a f'. 0. H H Wa iF fA h- F- f- F- w w H
f fA N f J 0 H- f Cr, CO O 0 DJ z
n Pf 7' 0. 1+ w 0 f CO t-• f J H- N N 0 tt a
m '< or rt a UO w NO ,D J w OH 'O H 'C
M m 7. al rt HOU000 '0 NO JNO m
F a m n a' 2
M m m H
• 3 '0 rt a
a
H m L a O H
a•'< n ro 3 a H
Dr 0 0 0 N as f9a as a a• 0
CO 9 < 0 f a N N N N N N N N f C
0H E 0 a) O O N w f V 0, J CO t0 m H a t
O a 0 w O Co O N co ut 0 V J N m C rt 3 m 0l N fT J O f f H- -4 H- '0 co w to 'Am
11 t7 O H- W rt 0C 111 a 0 CA c1
ZCO 2H
H a- G H H O H H
< n m m H
O V o CO 3 a a HH CO C 9 0
n rt r•`< 0 co 2' H 11
n m a - a4^a a4^a a a- H H H
G a o '< rt N f f f CO U1 11 UI Cr, O a 0 N 9
N n m a• H-v.co 0' co H- w a+ co o w r LJl r
co 0 or O CO co CO J N J Y V1 0 N w f 9 H Al H
CO or
Dn O - J O CT -4 t CO O, l N w N 2 m f0 2
O 0 0 Ow0JN0 001 H0 • •-
a
C „ O V)
n < m
a a 2 0. Hrcl H
000000000002
2
> ut N S C' J J V CO a) '0 CO DO
CD .41 w 0 O 000 0 t m
H f O CO Co O o w t J D Z 0 m
ro
m O J in) w co co N N co H H OD
or f 0 a) 0 0 0 .0 .0 H- 0' H H O
H t ON Co N 0 CO 1.0 t J 0 H- ON
N m,z
H
ft
c < 71 ro
a a em a a a a a as m O 0
o N N co w • t- f V1 ,D r 0
'O W.0' ,O Na` O t 'O w m C m
'O O OH to N N O, H 'C O m Z
O O N J J V1 N 0 H- f w
N 0 0, w CO N 0 CO 0 0 J
CO
HH H- N N N w l > 0
. 0 0 N O, O t 0 N O D 2
a H- N co lA O, J m ,D co Z 2
O N C, 'O H t..1 0 • 0 'O 0 H
OOO 1-• V O, a) J0 n
00 -4 t0 0 0 -490 N
v
17 n
CO
A III
H 'm0 Z
a H H
2 a m - as a a49aa a a Z z
O '< 2 ,O f f t t 0 VI ut UI ,D H n
CO 3 H Ca -. a- O, 0 - UJ U1 J 0 m H
m J 0 0 0 t J O to t t 0 2 a Do
z ro
H An to 0 -4 J N t H J lA to 00 r
H w 0 '0 f O, to co T CO Co t I-]
a H
t f .
d a R1 a
CO 0 ,D N as a a aaaa am0
CD 'D O, t a N N N N N N N N t m Z
J 'O V a) 00Nwf VI O, V 0 '0
CO to w Co O CO O N tJ co J J N
H N w J O t t H J H .0
w w lA
a H
H m z
4Hof a a as H •
H••-• a a a a H H H H N 71 m
H a N t J 'D N t J 'O N 2 2 -
O, Of 'O t 'O w Co Co JUtO N RI
H O J In w H Co lA O f t H '
-4 O -4 CO V1 H w t 'D t V
Oxford' Oxford® Oxford' Oxford' Oxford°
0 o
m H H ` m n
r _m
g o = n H r
y pp
H- A H F H
n H 7' a S .D .o CO .c `c .O .o .o CO .o 3 P.CO Co
0 CO n co .O .O .0 .O .O .O.O .O .O .O N - W H
S N H• .O CO V P N • W N 1-• O O 2 w n
W a P•H G
N A H' N 2 0 F
R N o 0 _ •
c 0 0 11 a
f00 c Cm p 0 -• as a a a a a aaro =
O IA •
PI n 31 P a V C P CO Y W / J CO H 2
O 0 'G n
J O P O • V O W • • U
N 'O n S •
• • • • • • • • . •
n N N Y W O V J N • Y V N W O L.
n n
P N W O .O C P W CO P W W •
H. 3 0 P•
w a 3 n o Id
N n P 'X H
P N G R g 3 W
a w a a a a a a a Z
01 C'O CO w W w W W W w W P C
0 O CO n O
N a.O.O .O .O .O VD .O .D CO H O =
IS H' n W O
. . N N N PO N t4 N. • 9
n r P
7. ft S0 9 PO C 4- 4-- • • C CC Hr a N O P P O+P P P (3. P •1.4
O ? q 01 2
C) 00 P or H
o n co H o
P P 6 n1 r 2 m _
n n E 0 I- a a a a a H W
'G 7 o 0.I"' C a N •aJ .D 1-1 C P CO O 'A y
P n
1 fy S H. W CO C CO Y C J Y N N O N 9 7a I .
nN H 3
N
CD N - 1'. - O W CO W O O NON O
F CO m IS S m 2.
Cl•
O- N
m Z
mN H 2.
3 0 �t a >
598 y � A 0
tYN. ' W C r P
3H
N 444444444444Ha P A
• a N N N N N N N C y c�
_
i'
'C (:a hN t'
4 H'
AaP oAaDa a r n W O na 1c
3 rn N
' N I--. w n Cl.
Y n S e I-
`< O O O H
, 0 0 o S3
'ON luno00V n CD ,,...c< 0
• P. C M n
( CD 0-
• n N N
On O P O O N W to W P J CO b
w omo to L4 vP -.4 �1vm
JO CP YJ -+ .OWWW
En
• a aH m
� O
N C • C W W W W P 0 9
a W P W Y W P W O W •
W O J N J Y W O N co f O
(
'30
•3 c
W C
yHH
0
W O
AI M
M 1.4
> 0
y 9
N r
M H
J O CO J • CO C.i • N W N Z m N 9
O •C O O O W CO J N b W P b" .O 3
l\ c'•r _.Y\ \ .. .y ,` n w• 4 pund , a .' rn C Z
9 H
{ li 0. O O O O O O O O O O C A
9 m m E
O W W P P J J J W CO .O V) m
00 C, .0 W O. o W O O C A m
' C O co Co O W W C J • Z
• 0
O J W N W CO W W CO ^ 2
p bb ! ObU) C / Lz � ` 00000C .D Y PH .<
Y •P .D N o CO .O • J O H P m
2
vti bl 0 � I k! a v
{ y r < W 2
�,v 1 �- ✓ v..,)i. Vii 1;1 u' o Iaa la LO w we r i vai b H y 0
IC(. , ` }'r `) f f 1 : .� .D a P .D N O. o C .D W CO C m
r C .o O o H W N N P Y .D O h) Z
1_ T` v • i I _ - 4 ONJ J W NOY CW
.. 1,1' J if)I \ t \ N O P W W N O W .O .O J
-\ •"‘."3 e I . . i v 3 god uawAed paniaoaa co
.V.?
- 94 4En O m
I- N N N W • 9 Cl
/ Oa 4444. _ _ 1-1
0 ( I'j —.- Co N P O C W N 0 9 2
7 r 1j I \-3 ,7 •^I� 'I 4� O N CO VD Y W W CO O .O m Z
�' 0, SP^ O co O Y O J P CO V W 0
S1N30 SEIV11OO o m J O O P J C O N
o'->h I H I , .. ..Qk oleo • y A 0 • A
1 C m 01 a H H
I-I:(• 2 9 m - a a a a a a a a a 2 Z
n I- 2 .D C C 9. 0- W W W W .o H C)
(4) •d H
m P a F+ C o.CO F+W P J CO m H
J O P o C J O W C
W On A
( V V'v (f kJ1.( I I ` I ssa�PPy ,� ¢ W O J V N • Y J co W O 01 r
Y 1 V, H W O .O C P W Co P co Co C n3
-..r0., i. a :l. % , id aweN
C o
a a 'n yy
I CO o CO N a a a a 44 44 a a a m O
Tuawi.aedea aoueuy 1 11 P P •a N N N N N N N N • II x
`SVSNVN VN IIVS JO A11O 1 V .O V I VD � CO o O N w • W P V CO O
womotiw �� � � N
N W J O C • Y V H.D W W W
, 1
1dl3D31:1 1Ha3N39
a H •
sV. - . •• H aaa aa9 .3• H a a a s Y H H H N
DI
•- - H a N• J.D N C J .D N Z m
P O C.D C.D W CO w V W O N .
H O J W co H Co W O C C H
V 0 J P W Y W C .D C J
n S a -t m - NN N o N
H -t d O Vf CO H m N n co .1
CO PO]N n m 0 m a-P a v 0 1C
0 Z N a H H N a n -t N H H
0 ON 4"IHHHMv4.
• Z 6N49NHN49 ti
H H
II
Nm motnn .y o V O n m N HO
N n n oo 1n m N O m O m m Vf co II
a 0 n 40 N of m N o 0 CO n CP n II
W-T N N N N N N N N N O a 44.0 III
o 4494940449HM494949 C O
644 y I
O -t II
HM II
11
Fv 0m v701n 10 em 0 e H
a V] 0 In In N H .1 N n n o m a z
O av+ -r .: m0 N < 000N m
H f il 0 n I n m H co ‘4) O HI H V) F Z 0
U F O• N I n I n N V e a a Z >. V
Z ZNHHHNrf44- C] 6 Z
H H H r
. . O Pa. h
N O .t N 0 O T n VD 0 •
O Nn0a0naH000
H U OI 0 -t In m ti T b N 0
Z Z a 0 0 n fO In m N ^I M
Z 6 O N 0 .t 0 00 N 0H H v
O ~61 t m N N N - H
W =4044949-49c94949
CO
N Tam O N m m 0 0 N
m > '1 O N Vf N n N 0 In
Z 4] O OI - fO N N N .1 O O Of
EW 0 m P o O �O N P'0 M Of
IX V] I-.] a 4n O d m m N N 0 •
O a ?NM4494949V-HVf -
04 H
F „]
Z N
E IP rH-. O N a O O N Of W d '1
O 1.-40 .-10, ..700000 -.7 W
6 • F F 0 N N fD W m N m N 0 0
ry 0 Z 6 n V m I n 0 0 0 O V ..i 0
Cs] m x d OI .i a N O cC m 0 'O 00
W 0 0 a 0 0 n N n f 0 f 0 N N 0
P' W = 0 0 0 0 0 0 0 0 0 0
F W .] -0
6
0 W
> O L
60 •• a r-1 b N a N n 0 m 0 0 V '
ZN [U 2 04 m N d J 0 .i n fO 0 n w O W
.-40 6 h .O m N O N .1 n N N O N N CO 4J 40
L' .] m 0 0 ,0 m - 0 N m H.1 .0 41 U
N 6 0 6 O IP N N N N .t J' V N aJ T 44'0
FE. FF -a94Hand-Hdf4 N O hi T. 3)-
06 H E.00 P.
N F H O
TU yZ .Hi = t 0 .1
FW HP. HO
u='04.10 .-1
V 0 0 = 4] N W W E
pd In m m a F N H .t V O n W4-100Q
O P] N n N N m N 0 0 0 m 0 O H L 0
0 P. a CON. fO N V m N 00 0 M E M O
O V N N N N N N N N H> N T > C N
W' -HHHHHHHHH H 0 0. 44 TG
W 0 C 0. 4) 4.4
6 C
t F
b WO
U V w
_ w O m S
004 NOW a O 0 m O r1 44 01 .0 4] M
Y. F a .1 O m n a 0 N m 0 N C C L T H
6 N . . . . . . . . . . .
W P] O N N v-I n .t N U) -t O m '41 •N .0 U 0
000 ' .+ an .tNV V C
F Cilm 1 -5HHV4H '0
H V 'w N S
COL-44949494949 - .-1 C 3 M A:
Z w w C 7 0 H -C 7
N N 0 0
F m 0. C 0
co V •D L0 .0 •O N N •O N 0 N , -.I W .0 N
t� a.laaa > ve as OCO E C O u u
3 W.t N N N N N N N N O m U M
t C U H 0 a a a a a a a a H N C M 0 0 0
0 0 m m m m m m m m 0 0] P.0 W IJ
Z H H H H H H H H H • E
H H V. 0 1J 0]
y O N E C .
9 O 0 E •Wrn
• 0 m 4.0 0 N N .• a 0 m M C U 'S 4I
o N N N .1 .t N n n o m . l0 M P. a
N .1 .1 MO Nd ONOO n N W V
4.4(0 n N m N 0.0 .1 H H f0 ]J w
_ v0 a N N Inc” .t O V O a W C W C
Z W H H H H H H H H H 6 0 O CI C)
H w U -.0
H a C -C. b• .O V YI
f,] H0 .., N P O P a a a a a a 0 P 414-$ 4.10
W
a a C a a a a a a C t C . ,4 L
ym t C 1:4.-i -1 .-1 -1 . . . .. H F 7 F [.. HI
0�
F "6 - ]]
U
Imo] .O]-Z_ ..0 0 Z
e
L. �. . t- 1.
oPlol'O ®P1olxO •®WolXO__.. ®P1Olx0. ®PmOlx0
w D
@ <
o
0
1 w ¢ 0 try
o.z Y CD H
ci zz s w y x a x r V
z '- 0 0 i- 0 ,_ _ z. Z _ m sin
E 0 m
w
U
W Q
�9 960T 03`130N31 1Nf10Wd b F Z S
5998 68-1Z-ZT 8L96 OT 100000 w < -0 s
-Orlin NO 0 ,_
O OiAN .• • N
O •+M+-' Q N 0 \?
0 •+N 60 0 0 m
w r
I- IA 0
w 0
~N OI 1W)-Y % Q >
W .y 1-ZFi 0 44 2 a
J- 'I 0000 0 J
C W O M w
• �I z M z R
a
�-
O N a /- CO E w
i 0%0..-I N - 67 a L
co• ot v4 a. r
6
~�� F ri H W / W i
/ i•
CC J 0 ti�b J Z N
1
W c $ w o w
_ I \
'Idr co J z m �� e `_ “
Nq .r,G -Y G Naz 0 O
a_ ¢ 10 NZ;
CC 2 JN I
w0
J7
�r Q - W / CC - ow
ge w r4/ Q a•
Z W 7- 30 -M- Z6
M cc Y I-CI - .+ � ¢ No
O w IX _
V Z °.;M w a 0
CO O• I W Cl) E
0 •• :j T r w
W s ± :.W 2
Z CO 0 .. @ .� I-
_ 8 a N .45
Z O Qa N i
QI- a� O ¢
Cl) aU LL
A •1
Meyer Addition
Lot 19, Block 4
is in the Benefit District for the Curbing, guttering, paving, grading
Martin Avenue, Water main and service Job 88-763/764
The principal amount due by July 24, 1989 is - $3,924.60
After 30 days, the assessment will be certified to the County to be
collected on the real estate tax rolls over a 10 year period. If the
assessment is collected on the tax roll, you will pay 1/10 of the
principal amount plus interest at the rate of approximately 8R figured on
the unpaid principal balance each year.
The First Year of Assessment - 1989
The Last Year of Assessment - 1998 1-02600-00540
No. 9 I
Page 142 lf\
Book 16 V \
RETURN YELLOW COPY WITH REMITTANCE
fl 76%. 1
f 7e-Y. 2-
ADDITION Meyer
This Lot 19, Block 4
Property
is in the Benefit District for the improvement of:
Water Main, Storm Sewer, Sanitary Sewer,
Curb, gutter, paving Manchester Road 79-655
The amount due within 30 days from the date of November 17, 1980 is
$ 2,916.76
After 30 days the assessment will be certified to the county to be
collected on the real estate tax rolls over a 10 year period with
interest at the rate of approximately 8 %.
First Assessment Year Last Assessment Year
19 81 19. 90
No 54 Pg Bk 16 SA17873
tcC1-o G7o .& 1
1991 571-1. S2 eg�.7G 3�74 Y II` L7
I9�Z s ST s 3
1953 533.7C, ---'/
199 ` z1o . 1S
1955 y ?7 , `ls
i 55 c. c16'I, 2 6
1 59 7 NH6 . 7g
16758" "PG, 76?
o_
i I04ENT PREPAYMENT FORM .
tl
0
tE
0.06 0
i 11
PRESENT PRESENT BEGINNING PRINCIPAL ADM INTEREST
VALUE RATIO VALUE BALANCE & INTEREST FEE EARNED
0.947867 $980.37 $4,099.52 $985.04 $49.25 $225.47
I 0.894214 $539.49 $3,290.70 $574.58 $28.73 $197.44
0.843599 $491. 19 $2,884.84 $554.53 $27.73 $173 .09
i 0. 795848 $446.03 $2,475.67 $533 .76 $26.69 $148.54
0.750800 $402.20 $2,063.76 $510.18 $25.51 $123.83 v
0. 708302 $362.52 $1,651.90 $487.45 $24.37 $99. 11 Zli
0.668209 $325. 73 $1,239. 19 $464.26 $23 .21 $74.35 a
0.630386 $291. 73 $826.07 $440.74 $22.04 $49.56
0.594704 $260. 26 $412.86 $416.79 $20.84 $24.77
0.561041 $0.00 ($0.00) $0.00 $0.00
($0.00)
$4,099.52
$4,967.33 $248.37 $1, 116.17
CURRENT P&I $4,967.33
'f PREPAYMENT $4,099.52 0
ts
Fund August 25. SAVINGS $867.81 O
t
a
0
•
w
0
a
0
0
tct
0■
0
•
LEGAL DESCRIPTION: " CITY OF SALINA
`! ,, SPECIAL ASSESS/
Lot 19, Block 4 it
Meyer Addition "
O I.
" DISCOUNT RATE:
"" "Mono 0000ll "e" 000000nrnrnnnnnnrn ootioo "" "" MONTHS TO JAN. :
DUE CURRENT DEBT PAYMENT STRUCTURE
DECEMBER 20 P&I PRINCIPAL INTEREST ADM. FEE TOTAL
1990 $985.04 $684.14 $300.90 $49.25 $1,034.29
1991 $574.58 $392.46 $182.12 $28. 73 $603 .31
1992 $554.53 $392.46 $162.07 $27.73 $582.26
1993 $533 . 76 $392.46 $141.30 $26.69 $560.45
C 1994 $510.18 $392.46 $117.72 $25.51 $535.69
# 1995 $487.45 $392.46 $94.99 $24.37 $511.82
O 1996 $464.26 $392.46 $71.80 $23 .21 $487.47
1997 $440.74 $392.46 $48.28 $22.04 $462. 78
1998 $416.79 $392.46 $24.33 $20.84 $437.63
1999 $0.00 $0.00 $0.00 $0.00 $0.00
TOTALS $4,967.33 $3,823.82 $1,143.51 $248.37 $5,215.70
NOTE: The user of this document must fill in the number of full months
until January and the principal and interest payments due by year.
The discount rate may be changed with the approval of the Director c
s Finance. Prepayments for the current year may not be accepted after
Or it has been certified to the County Clerk. This normally occurs arc
. %-
1?
6
p
O
O
p
N
O