Untitled02-14-00 17:02 LAND TITLE SERVICE ID=7858237303 P•04
- .. ,
ESCROW NT
THIS AGREEMENT is made this 15th day of February, 2000, by and between Harold R. and Linda V
B. Waggoner, (Referred to in this Agreement as "the Property Owner") and the City of Salina, Kansas (Referred to
in the Agreement as "the Escrow Agent").
A. Property owner is the owner of real estate legally described as:
Lot 2 Block 6 Meyer 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. Paymen ' The Property Owner deposits with the Escrow Agent the sumof Six hundred
seventy eight and 57 /100 Dollars ($678.57), 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)0, coinciding with
the payment from the escrow account of the final annual installment of bond principal and interest attributable to the
Real Estate.
02-14-00 17:02
y e
LAND TITLE SERVICE
ID=7858237303
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 15th day of February, 2000-
0 n G(%O
Harold R. Waggunur
"Property Owner" ^w /
9Q /v
Linda B. Waggoner
"Property Owner"
CITY OF SALINA, KANSAS
ArL -�Iz
By
Rodney Franz
"Escrow Agent"
STATE OF KANSAS, SALINE COUNTY, ss:
The above and foregoing instrument acknowledged beforeme this �✓� day of February, 2000,
by Harold R. and Linda B. Waggoner, the Property Owner.
REGINA D. NELY
NOTARY PUBLIC
STATE OF
My A pointment Expires
Notary Public
STATE OF KANSAS, SALINE COUNTY, as:
The above and foregoing instrument acknowledged before methis _ day of February, 2000,13y
Rodney Franz, Finance Director of the City of Salina, Kansas, on behalf of the City of Salina, Kansas.
PENNY DAY
! Notary Public -Stale of Kansas
My Appt. Expires
1
J�
Legal Description:
Tract #
Job Number
Other Description:
Date of Payment
Discount Rate Used:
Year of First Prepaid Assessment
City of Salina
Special Assessment Prepayment Form
2000
of Findings:
Future Assessments Due:
int of Prepayment Required:
igs on Prepayment:
$665.41
$678.57
($13.16)
First prepaid
Present
Total
Total Due
assesment
Value of
Remaining
Scheduled
Scheduled
Principal and
Escrow
From
due
Total Due
Balance
Principal
Interest
Interest
Adm. Fee
Escrow
Interest Earned
12/20/2000
$678.28
$678.57
$38.25
x$665.41,
$33.27
$698.68
$20.11
.$62716,
12/20/2001
$0.00
$0.00
$0.00
"'°
$0.00
$0.00
$0.00
12/20/2002
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
12/20/2003
$0.00
$0.00
-
$0.00
-
$0.00
$0.00
$0.00
12/20/2004
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
12/20/2005
$0.00
$0.00
a
$0.00
$0.00
$0.00
$0.00
12/20/2006
$0.00
$0.00
$0.00 L.
$0.00
$0.00
$0.00
12/20/2007
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
12/20/2008
$0.00
$0.00
$0.00`
_
$0.00
$0.00
$0.00
12/20/2009
$0.00
$0.00
re
$0.00 ._
;< +
$0.00
$0.00
$0.00
12/20/2010
$0.00
$0.00.
$0.00 I>
$0.00
$0.00
$0.00
12/20/2011
$0.00
$0.00
?
$0.00
$0.00
$0.00
$0.00
12/20/2012
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
12/20/2013
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
12/20/2014
$0.00
$0.00
i �',� t`
$0.00
�=�
$0.00
$0.00
$0.00
Totals $678.57
$627.16 $38.25 $665.41 $33.27 $698.68 $20.11
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$N:a ACTIVITY REPORT $:sa
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TRANSMISSION OK
TX/RX NO. 8442
CONNECTION TEL 9p8251500
CONNECTION ID
START TIME 02/14 13:19
USAGE TIME 01'23
PAGES 1
RESULT OK
City of Salina
ili
2 / 15 /20i �0 P.O. Box 736 a I-,
Salina, Kansas 67402-0736 RECEIPT NO.
I I
DESCRIPTION
PREPAID SP Tract# 18088 Payoff Specials Lt2 Elk: 6 Meyer Additio
553-000 557.000
CHECK 16897 678.57
RECEIVED
FROM:
The Mortgage Company
ORIGINAL RECEIPT
TOTAL PAID
iF=L3. w
AMOUNT
678.57
676.57
SA50SODF
Job: 1989-790
Tract#
18088
Lgl:
Special Assessments - Work With Tract Assessments
Street and utility improvements CCE 2,3,4, Country
Oak, Mariposa, Meyer.
Lot Block Subdivision
2 006 197 MEYER
2/14/00
11:36:30
Type options,
press ENTER.
2 -Change 4 -Delete
5 -Display
Opt Year
Principal
Interest
Payments
Assessment
1991
627.1560
446.6103
.00
1,073.77
_
1992
627.1560
336.0622
.00
963.22
_
1993
627.1560
289.3698
.00
916.53
_
1994
627.1560
254.9370
.00
882.09
_
1995
627.1560
221.0725
.00
848.23
_
1996
627.1560
186.2653
.00
813.42
_
1997
627.1560
150.5174
.00
777.67
_
1998
627.1560
113.8288
.00
740.98
_
1999
627.1560
76.1995
6
_
62 . b
38.2565
.00
665.41
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