Escrow Agreement ; � .
ESCROW AGREEMENT
THIS AGREEMENT is made this 27th day of March,2001,by and between Jon and Jane Robertson,
(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 3, Blk 5 Austin Addition
(referred to in this Agreement as "the Real Estate")
13. 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 of Two thousand forty
six and 74/100 Dollars($2046.74), 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, 2004, coinciding with
the payment from the escrow account of the final annual installment of bond principal and interest attributable to the Real
Estate.
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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 27th day of March, 2001. /
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at
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I Aisd
Jon t obertson
•merty Owner"
Jane Rbertson
"Property Owner"
CITY OF SALINA,KANSAS
By /�J�,(�
R dney Franz U
"Escrow Agent"
STATE OF KANSAS, SALINE COUNTY, ss:
The above and foregoing instrument acknowledged before me this c77,4 day of March,2001, by Jon
and Jane Robertson, the Property Owner.
�' A 14OTAIIY POWS -State al Kansas
VERONI
I NY Appt y BASE /01
Notary Public
STATE OF KANSAS, SALINE COUNTY,ss: }}�
The above and foregoing instrument acknowledged before me thisci ay of March,2001, by Rodney
Franz, Finance Director of the City of Salina, Kansas, on behalf of the City of Salina, Kansas.
fPENNY DAY I l Notary Public-State of Kansas
My Appt.Expires 101 7 low.
Notary Public Ili f
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City of Salina
Special Assessment Prepayment Form
Summary of Findings:
Tract# 26836
Job Number I 92-859 Total Future Assessments Due: $1,880.98
Other Description: Lot 3, Blk 5 Austin Addition Amount of Prepayment Required: $1,838.64
Savings on Prepayment: $42.34
Date of Payment or Sale 03/27/01'
Discount Rate Used: I 4.33%' From: http://www.bog.frb.fed.us/releases/h15/less 1 %
Date First Prepaid I
Assessment is Due 12/20/01
1 Total Due
Scheduled Principal Escrow Adm. From
First prepaid assesment due Scheduled Principal Interest and Interest Fee Escrow
3/27/01 (This is the Date Paid) 0
12/20/01 $566.22 i $90.88 $657.10 $32.86 $689.96
12/20/02 $566.22 I $60.87 $627.09 1 $31.35 $658.44
12/20/03, $566.22 j
$30.57 $596.79 $29.84 $626.63
12/20/04 $0.00 ' $0.00 . $0.00 ' $0.00 • $0.00
12/20/05' $0.00 $0.00 $0.00 $0.00 $0.00
12/20/06, $0.00 1 $0.00 . $0.00 ' $0.00 • $0.00
12/20/07 $0.00 I. $0.00 $O.00 I $0.00 $0.00
12/20/08; $0.00 $0.00 $0.00 $0.00 $0.00
12/20/09: $0.00 ' $0.00 $0.00 $0.00 $0.00
12/20/10 $0.00 I $0.00 $0.00 , $0.00 $0.00
12/20/11 , $0.00 $0.00 $0.00 ' $0.00 $0.00
12/20/12 $0.00 ' $0.00 $0.00 . $0.00 $0.00
12/20/13, $0.00 $0.00 $0.00 . $0.00 $0.00
12/20/151 �__ _ $0.00 I $0.00 : ; $0.00 $0.00 $0.00
$0.00 $0.00
Totals $1,698.66 $182.32 $1,880.98 $94.05 $1,975.03
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City of Salina
Special Assessment Prepayment Form
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Summary of Findings:
Tract# 26836
Job Number I 94-898 Total Future Assessments Due: $217.13
Other Description: ::Lot 3, Blk 5 Austin Addition Amount of Prepayment Required: $208.10
ql/-,q Savings on Prepayment: $9.03
Date of Payment or Sale I 03/27/01'
Discount Rate Used: 4.33%• From: http://www.bog.frb.fed.us/releases/h15/less 1 %
Date First Prepaid
Assessment is Due 12/20/011
/
Total Due
Scheduled Principal Escrow Adm. From
First prepaid assesment due Scheduled Principal Interest and Interest Fee Escrow
3/27/01 (This is the Date Paid) 0
12/20/01 $48.15 i $9.75 : $57.90 I $2.90 $60.80
12/20/02 $48.15 ; $7.37 1 $55.52 i $2.78 $58.30
12/20/03 $48.15 , $4.93 $53.08 i $2.65 $55.73
12/20/04 $48.15 i $2.48 $50.63 j $2.53 $53.16
12/20/05. $0.00 ' $0.00 . $0.00 ' $0.00 $0.00
12/20/06 $0.00 i $0.00 $0.00 , $0.00 $0.00
12/20/07. $0.00 ; $0.00 i $0.00 ` $0.00 $0.00
12/20/081 $0.00.1 $0.00 i . $0.00 I $0.00 $0.00
12/20/09 I $0.00 I $0.00 ' $0.00 I $0.00 $0.00
12/20/10 $0.00 ' $0.00 $0.00 $0.00 $0.00
12/20/11 $0.00 i $0.00 : $0.00 $0.00 $0.00
12/20/121- $0.00 I $0.00 $0.00 I $0.00 $0.00
12/20/13 $0.00 $0.00 $0.00 ' $0.00 $0.00
12/20/14 $0.00 $0.00 : $0.00 ' $0.00 $0.00
12/20/15 $0.00 : $0.00 $0.00 $0.00 • $0.00
Totals $192.60 $24.53 $217.13 $10.86 $227.99
City of Salina
Special Assessment Prepayment Form
_ _ __ _ Summary of Findings:
Tract# 26836
Job Number 92-859 Total Future Assessments Due: $1,880.98
Other Description: iLot 3, Blk 5 Austin Amount of Prepayment Required: $1,834.59
(Addition Savings on Prepayment: $46.39
Date of Payment or Sale 03/26/011
Discount Rate Used: 4.46%: From: http://www.bog.frb.fed.us/releases/h15/less 1 %
Date First Prepaid
Assessment is Due 12/20/01
Total Due
First prepaid assesment Scheduled Principal Escrow Adm. From
due Scheduled Principal Interest and Interest Fee Escrow
3/26/01 (This is the Date Paid) 0
12/20/01 $566.22 $90.88 $657.10 $32.86 $689.96
12/20/02 $566.22 $60.87 . $627.09 i $31.35 $658.44
12/20/03 $566.22 $30.57 $596.79 ' $29.84 $626.63
12/20/04; $0.00 1 $0.00 i $0.00 $0.00 $0.00
12/20/05' $0.00 ' $0.00 $0.00 ' $0.00 $0.00
12/20/06 $0.00 $0.00 $0.001 $0.00 $0.00
12/20/07 $0.00 $0.00 $0.00 $0.00 $0.00
12/20/08� $0.00 : $0.00 $0.00 ' $0.00 $0.00
12/20/09 - $0.00 i $0.00 $0.00 $0.00 $0.00
12/20/10 $0.00 $0.00 , $0.00 $0.00 $0.00
12/20/11 $0.00 , $0.00 . $0.00 ' $0.00 $0.00
12/20/12 $0.00 $0.00 $0.00 ; $0.00 $0.00
12/20/13; $0.00 1 $0.00 ! $0.00 : $0.00 $0.00
12/20/14 $0.00 ! $0.00 • $0.00 ' $0.00 $0.00
12/20/15 $0.00 j $0.00 _ _$0_00, $0.00 $0.00
Totals $1,698.66 $182.32 $1,880.98 $94.05 $1,975.03
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SA5050DF Special Assessments - Work With Tract Assessments 3/22/01
08 :54 :17
Job: 1992-859 Water main - Holmquist Estates
Streets and utilities - Austin
Tract# Lot Block Subdivision
26836 3 005 678 AUSTIN
Lgl :
Type options, press ENTER.
2-Change 4-Delete 5-Display
Opt Year Principal Interest Payments Assessment
_ 1994 566.2180 396.3186 . 00 962 .54
_ 1995 566.2180 260 .2661 .00 826.48
_ 1996 566.2180 231.3929 .00 797 .61
_ 1997 566.2180 204 . 8509 .00 771.07
_ 1998 566.2180 177 .4550 .00 743 .67
_ 1999 566.2180 149. 1984 .00 715.42
2000 S66 2180 120.3213 .00 686.54
_ 2001 566.2180 90. 8780 .00 657 . 10
_ 2002 566.2180 60. 8684 .00 627 .09
2003 566.2180 30.5758 .00 596.79
Help F3=Exit F5=Refresh F6=Create F12=Cancel
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A MESSAGE F• -: f�6nnc
FROM w" ,' er UU DATE p�
OF TIME O '. 1 .
PHONE a22:3-----it 95 l URGENT
AREA CODE NUMBER E%T.
ELEPHONED CAME TO SEE YOU ❑ RETURNED YOUR CALL
MESSAGE: LEASE CALL ❑ WANTS TO SEE YOU ❑WILL CALL AGAIN
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I . CaQ If I - /
Ar-
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0 - / , I
SIGNED
City of Salina
Special Assessment Prepayment Form
_ Summary of Findings:
Tract# i 26836
Job Number 94-898 Total Future Assessments Due: $217.13
Other Description: :Lot 3, Blk 5 Austin Amount of Prepayment Required: $207.53
,Addition Savings on Prepayment: $9.60
I
Date of Payment or Sale 03/26/011
Discount Rate Used: 4.46%;1 From: http://www.bog.frb.fed.us/releases/h15/less 1 %
Date First Prepaid
Assessment is Due 12/20/01
Total Due
First prepaid assesment Scheduled Principal Escrow Adm. From
due Scheduled Principal Interest and Interest Fee Escrow
3/26/01 (This is the Date Paid) 0
12/20/01 $48.15; $9.75 $57.90 • $2.90 $60.80
12/20/02 $48.15 ` $7.37 $55.52 , $2.78 $58.30
12/20/03 i $48.15 $4.93 $53.08 ' $2.65 $55.73
12/20/04 $48.15 $2.48 $50.63 $2.53 $53.16
12/20/05 $0.00 '. $0.00 $0.00 $0.00 $0.00
12/20/06 $0.00 i $0.00 ' $0.00 $0.00 $0.00
12/20/071 $0.00 i $0.00 $0.00 ; $0.00 $0.00
12/20/08, $0.00 I $0.00 $0.00 , $0.00 $0.00
12/20/09. $0.00 i $0.00 $0.00 $0.00 $0.00
12/20/10 $0.00 . $0.00 $0.00 $0.00 $0.00
12/20/11 $0.00 ; $0.00 $0.00 $0.00 $0.00
12/20/12 $0.00 i $0.00 $0.00 i $0.00 $0.00
12/20/13 $0.00 , $0.00 $0.00 i $0.00 $0.00
12/20/14' $0.00 ' $0.00 $0.00 I $0.00 $0.00
12/20/15' $0.00 $0.00 $0.00 ' $0.00 $0.00
Totals $192.60 $24.53 $217.13 $10.86 $227.99
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SA5050DF Special Assessments - Work With Tract Assessments 3/22/01
08:54 :28
Job: 1994-898 S & U/Austin,Country Oak Est,Tulane,Tasker
Tract# Lot Block Subdivision
26836 3 005 678 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 48. 1490 19.5254 . 00 67 .67
_ 1998 48. 1490 16.9297 . 00 65 .08
_ 1999 48.1490 14 .3696 .00 62 .52
_x,000 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
Help F3=Exit F5=Refresh F6=Create F12=Cancel
City of Salina
4p.-.0 Erik /28/2001 P.O. Box 736
:� p . 1 Salina, Kansas 67402-0736 RECEIPT NO. 20938
sa�ina 120
DESCRIPTION AMOUNT
PREPAID SP TRACT #26836 JOB #92-859 LOT 3, BLK 5 AUSTIN ADD 2,046.74
553-000 557.000 4 Q\ 8°it
CHECK 6331 2,046.74 l
RECEIVED
FROM
JANE ROBERTSON TOTAL PAID 2,046.74
ORIGINAL RECEIPT
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