UntitledESCROW AGREEMENT
THIS AGREEMENT is made this I lth day of March, 1999, by and between Fred L. and Bonnie J.
Weigel, (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 13 BLK 4 AUSTIN ADDITION
(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.
SO NOW, THEREFORE, the parties agree as follows:
1. moment. The Property Owner deposits with the Escrow Agent the sum of Six hundred two
and 33 /100 Dollars ($602.33), the receipt of which is hereby acknowledged by the Escrow Agent.
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 and 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, 2W3, coinciding with
the payment from the escrow account of the final annual installment of bond principal and interest attributable to the
Real Estate.
a=
5. Binding effect. This Escrow Agreement shall be binding upon and insure to the benefit of the
heirs, executors, administrators, devisees, legatees, successors and assigns of the parties.
EXECUTED this l Ith day of March, 1999.
Fred L. Weigel
"Property Owner"
Bonnie J. Weigel
"Property Owner"
CITY OF SALINA, KANSAS
By
Rodney Franz
"Escrow Agent"
STATE OF KANSAS, SALINE COUNTY, ss:
The above and foregoing instrument acknowledged before me this—fft day of March, 1999, by
Fred L. and Bonnie J. Weigel, the Property Owner.
PENNY MEASE
NOTARY PUBLIC
STAT! Ore N C
tllll MY APPt. •x P. 1i�
STATE OF KANSAS, SALINE COUNTY, ss:
�I
Notary Public QS
The above and foregoing instrument acknowledged before methis lzv day of March, 1999, by
Rodney Franz, Finance Director of the City of Salina, Kansas, on behalf of the City of Salina, Kansas.
PENNY MEASE
NOTARY PUBLIC
STAT! OF NA 6A!LW
CII NIVAPPt.6■P. 10/ 02
Notary Public
City of Salina - Live
3/12/99 Revenue Accounting Inquiry
T'
i
RA0610S1
,pe option, press Enter. Reset:
;=Display 10=Payments 14=Receipt Items
Display Receipt Items - -- --------RA0650S1-
Receipt Number: 960050960 Cashier Name . : MEASEP
Received From : FRED & BONNIE WEIGEL Revenue Station: CC
Receipt Status: OPEN Payment Date 3/11/1999
Type option, Press Enter. Reset: +
5=Display 15=Display G/L Distribution
Opt Code Code Abbr. Inter/APpl Transaction Description Trans. Amount
ESCR PREPAID SP 26828 LT 13 BLK 4 AUSTIN 3,680.56
Bottom
-F3=Exit F4=Prompt F12=Cancel--------------------------------- --
t✓
ESCROW AGREEMENT
THIS AGREEMENT is made this 11 th day of March, 1999, by and between Fred L. and Bonnie J.
Weigel, (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 13 BLK 4 AUSTIN ADDITION
(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.
SO NOW, THEREFORE, the parties agree as follows:
1. Payment. The Property Owner deposits with the Escrow Agent the sum ofThree hundred
sixteen and 33 /100 Dollars ($316.33), the receipt of which is hereby acknowledged by the Escrow Agent.
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 and 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, 20)4, coinciding with
the payment from the escrow account of the final annual installment of bond principal and interest attributable to the
Real Estate.
r
5. Bindin eg ffec[. This Escrow Agreement shall be binding upon and insure to the benefit of the
heirs, executors, administrators, devisees, legatees, successors and assigns of the parties.
EXECUTED this 11th day of March, 1999.
Fred L. Weigel
"Property Owner"
Bonnie J. Weigel
"Property Owner"
CITY OF SALINA, KANSAS
By I AA -
Rodney Franz
"Escrow Age
STATE OF KANSAS, SALINE COUNTY, ss: ,,\
The above and foregoing instrument acknowledged before me this day of March, 1999, by
Fred L. and Bonnie J. Weigel, the Property Owner.
PENNY MEASE
NOTARY PUBLIC
STATE OF KANSAS
MY Appt.•x p. 2"' 4n-ru jmwa-e
Notary Public
STATE OF KANSAS, SALINE COUNTY, ss:
The above and foregoing instrument acknowledged before me this 1— day of March, 1999, by
Rodney Franz, Finance Director of the City of Salina, Kansas, on behalf of the City of Salina, Kansas.
PENNY MEASE
NOTARY PUBLIC
STATS OPItA SAB
1701111�w
MY Appt. •xp. tO 7
1
Notary Public
ESCROW AGREEMENT
THIS AGREEMENT is made this I lth day of March, 1999, by and between Fred L. and Bonnie J.
Weigel, (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 13 BLK 4 AUSTIN ADDITION
(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.
SO NOW, THEREFORE, the parties agree as follows:
1. Payment . The Property Owner deposits with the Escrow Agent the sum ofTwo thousand
seven hundred sixty one and 90 /100 Dollars ($2761.90), the receipt of which is hereby acknowledged by the Escrow
Agent.
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 and 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, 2073, coinciding with
the payment from the escrow account of the final annual installment of bond principal and interest attributable to the
Real Estate.
5. Bindin eg ffecL This Escrow Agreement shall be binding upon and insure to the benefit of the
heirs, executors, administrators, devisees, legatees, successors and assigns of the parties.
EXECUTED this I Ith day of March, 1999.
Fred L. Weigel
"Property Owner"
Bonnie J. Weigel
"Property Owner"
CITY OF SALINA, KANSAS
By
Rodney Fran
"Escrow Agent"
STATE OF KANSAS, SALINE COUNTY, ss: �L
The above and foregoing instrument acknowledged before me this—a � P " day of March, 1999, by
Fred L. and Bonnie J. Weigel, the Property Owner.
PENNY MEASE
NOTARY PUBLIC
FOMI MY A F ISA"BAB
PPtAs
T�xP.ATE 0I0f J/OZ
Notary Public
STATE OF KANSAS, SALINE COUNTY, ss:
The above and foregoing instrument acknowledged before methis JP� day of March, 1999, by
Rodney Franz, Finance Director of the City of Salina, Kansas, on behalf of the City of Salina, Kansas.
PENNY MEASE
NOTARY PUBLIC
mll M ST ATS OF KANS.,A�S %1 D
YAPPt. RxP.-iYJ ca �J�C
Notary Public
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SA5050DF Special Assessments - Work With Tract Assessments 3/10/99
8:45:23
Job: 1992-859 Water main - Holmquist Estates
Streets and utilities - Austin
Tract# Lot Block Subdivision
26828 13 004 678 AUSTIN
Lgl:
Type options,
press ENTER.
2 -Change 4
-Delete 5 -Display
Opt Year
Principal
Interest
Payments
Assessment
_ 1994
109.6650
76.7589
.00
186.42
_ 1995
109.6650
50.4083
.00
160.07
_ 1996
109.6650
44.8161
.00
154.48
_ 1997
109.6650
39.6755
.00
149.34
_ 1998
109 6650
34
zr94
.00
144.03
_ 1999
109.6650
28.8967
.00
138.56
_ 2000
109.6650
23.3038
.00
132.97
_ 2001
109.6650
17.6012
.00
127.27
_ 2002
109.6650
11.7890
.00
121.45
2003
109.6650
5.9219
.00
115.59
Help F3=Exit FS=Refresh F6=Create F12=Cancel
SA5050DF Special Assessments - Work With Tract Assessments 3/10/99
8:45:32
Job: 1993-872 Streets & Utilities - Austin & Mayfair
Tract# Lot Block Subdivision
26828 13 004 678 AUSTIN
Lgl:
Type options,
press ENTER.
2 -Change 4 -Delete
5 -Display
Opt Year
Principal
Interest
Payments
Assessment
_ 1994
502.8530
351.9669
.00
854.82
_ 1995
502.8530
231.1399
.00
733.99
_ 1996
502.8530
205.4979
.00
708.35
_ 1997
502.8530
181.9262
.00
684.78
_ 1998
502.8530
157.5961
.00
660.45
_ 1999
132.5018
.00
.35
_ 2000
502.8530
106.8563
.00
609.71
_ 2001
502.8530
80.7079
.00
583.56
_ 2002
502.8530
54.0567
.00
556.91
2003
502.8530
27.1541
.00
530.01
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SA5050DF Special Assessments - Work With Tract Assessments 3/10/99
8:45:37
Job: 1994-898 S & U/Austin,Country Oak Est,Tulane,Tasker
Tract# Lot Block Subdivision
26828 13 004 678 AUSTIN
Lgl:
Type options,
press ENTER.
2 -Change 4 -Delete
5
-Display
Opt Year
Principal
Interest
Payments
Assessment
_ 1995
48.1490
30.8442
.00
78.99
_ 1996
48.1490
22.1004
.00
70.25
_ 1997
46.1490
19.5254
.00
67.67
1998
48.1490
_
_ 1999
488 149 0
14.3696
~ .00
62.52
_ 2000
48.1490
12.0830
.00
60.23
_ 2001
48.1490
9.7492
.00
57.90
_ 2002
48.1490
7.3668
.00
55.52
_ 2003
48.1490
4.9353
.00
53.08
2004
48.1490
2.4797
.00
50.63
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