Untitled • ESCROW AGREEMENT
THIS AGREEMENT is made this 28th day of October, 2002, by and between Michael P. and Susan
E. Sweeney,(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 and S 63 Lt 12 Block 2 Tasker 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 of Four thousand one
hundred forty one and 37/100 Dollars($4141.37),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 the date coinciding with the 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 insure to the benefit of the
heirs,executors, administrators, devisees, legatees,successors and assigns of the parties.
EXECUTED this 28th day of October, 2002.
f
Michael P. Sweeney `'`'`'�V
"Property Owner"
&o.,ri f- avno•�
Susan E. Sweeney
"Property Owner"
CITY OF SALINA, KANSAS
•
By ILL► '- ga�
'odneyFranz ,11■_
. "Escrow Agen'
STATE OF KANSAS, SALINE COUNTY,ss:
The above and foregoing instrument acknowledged before me this day of October,2002, by
Michael P. and Susan E. Sweeney,the Property Owner.
�t PENNY DAY
L= 3�a Notary Public- tale of Kansas
My Appt.Expires •I ? \pn n
Notary Public
STATE OF KANSAS, SALINE COUNTY, ss: •
The above and foregoing instrument acknowledged before me thisa5d of October, 2002, by
Rodney Franz, Finance Director of the City of Salina,Kansas, on behalf of the City of Salina, Kansas.
f PENNY DAY
Notary Public-Stag{of nsa
[MY Appt. Expires 'b �7 ) n^ \�
Notary Public
City of Salina
Special Assessment Prepayment Form
_ Summary of Findings:
Tract# 27320
Job Number 94-898 Total Future Assessments Due: $3,992.61
Other Description: Lot 13 & S 63 Lot 12, Amount of Prepayment Required: $4,141.37
Blk 2 Tasker Addition Savings on Prepayment: ($148.76)
Date of Payment or Sale 10/28/02 W/E: 10/18/2002;
Discount Rate Used: 0.75% From: http://www.federalreserve.gov/releases/h15
Date First Prepaid
Assessment is Due 12/20/2003.
Principal Total Due
First prepaid assesment Scheduled and Escrow From
due Scheduled Principal Interest Interest Adm. Fee Escrow
10/28/2002 (This is the Date Paid) 0
12/20/2003■ $1,853.58 $189.99 i $2,043.57 ! $102.18 $2,145.75
12/20/2004• $1,853.58 1 $95.46 $1,949.04 I $97.45 $2,046.49
12/20/20051 $0.00 . $0.00 j $0.00 i $0.00 $0.00
12/20/2006 F $0.00 . $0.00 ' $0.00 $0.00 $0.00
12/20/2007' $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2008 $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2009 $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2010 $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2011 . $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2012 $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2013 $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2014' $0.00 $0.00 ' $0.00 $0.00 $0.00
12/20/2015 $0.00 $0.00 ' $0.00 $0.00 $0.00
12/20/2016 $0.00 . $0.00 $0.00 $0.00 $0.00
12/20/2017 $0.00 $0.00 . $0.00 i $0.00 $0.00
Totals $3,707.16 $285.45 $3,992.61 $199.63 $4,192.24
� U l Q� IDIZgIp -}fj Sfm c�rQ� nnliu_
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SA5050 „ Special Assessments - Tract Assessments 10/21/02
13 : 28 : 05
Job: 1994-898 S & U/Austin, Country Oak Est , Tulane, Tasker
Tract# Lot Block Subdivision
27320 PT12 & 13 002 689 TASKER
LGL: LT 13 & S 63 LT 12 BLK 2 TASKER ADD
Year Principal Interest Payments Assessment
1995 879 . 56 563 . 45 . 00 1, 443 . 01
1996 1, 853 . 58 850 . 79 . 00 2 , 704 . 37
1997 1, 853 . 58 751 . 66 . 00 2 , 605 . 24
1998 1, 853 . 58 651 . 74 . 00 2 , 505 . 32
1999 1 , 853 . 58 553 . 18 . 00 2 , 406 . 76
2000 1 , 853 . 58 465 . 16 . 00 2 , 318 . 74
2001 1, 853 . 58 375 . 31 . 00 2 , 228 . 89
2002 1 , 853 . 58 283 . 60 . 00 2 , 137 . 18
2003 1 , 853 . 58 189 . 99 . 00 2 , 043 . 57
2004 1 , 853 . 58 95 . 46 . 00 1 , 949 . 04
1 D(ag/ba
qCan RUC{ 10 —22 5t -
SSiniVelL3C1—
k'/ °iI€IOZ x .76-
SA1030 INQUIRE Special Assessments - Tract .Master Maintenance 10/21/02
13 :41 : 34
Job: 1994-898 S & U/Austin, Country Oak Est , Tulane, Tasker
Tract# Lot Block Subdivision
27320 PT12 & 13 002 689 TASKER
Legal Desc: LT 13 & S 63 LT 12 BLK 2 TASKER ADD
Units (FF) . . . : 71 . 5000 Units (SF) . . . : . 0000
Manual Adjustment : . 01- Dev. Payments . . : . 00
Assess Principal : 18 , 535 . 80 Owner 30 Day Pymt : . 00
Last Split Year. : 1996 Units : 159 . 7000 _ (C, E or Blank)
Owner Name 1 . . : SWEENEY MICHAEL P & SUSAN E
% Name
Owner Name 2 . .
Address • 2959 TASKER LN
City, State, Zip: SALINA KS 67401-7813
Status (D-inactive, Blank-active)
Help F3=Exit F10=Extract F12=Cancel
g s; A, City of Salina • .
b/30%2002 P.O. Box 736
Salina, Kansas 67402-0736 RECEIPT NO. 47789
sauna
DESCRIPTION AMOUNT
PREPAID SP #27320 2959 TASKER LANE 4, 141 . 37
553-000 557. 000
If/
RECEIVED"K 28371 4 ,141 . 37 l/�n
'FROM: ff--'"`''
LAND TITLE SERVICES, INC. ORIGINAL RECEIPT TOTAL PAID 4, 141. 37
City of
Salina
FAX TRANSMISSION
City of Salina
P.O. Box 736
Salina, KS 67402-0736
Phone 785-309-5735
Fax: 785-309-5738
To: Susie Adams Date: January 17, 2003
Fax: 826-2290 Pages: 3
(including cover sheet)
From: Penny Day Dept: Finance Department
Subject: 2959 Tasker Lane
Comments:
Here is the documentation that you requested, if you need anything else, just let me
know. Thanks.
•
FINANCE DEPARTMENT City of TELEPHONE • (785) 309-5735
Rod Franz FAX • (785) 309-5738
Director of Finance TDD • (785) 309-5747
300 West Ash • P.O. Box 736 E-MAIL • rod.franz(c�salina.orq
►
Salina, Kansas 67402-0736 Salina WEBSITE • www.ci.salina.ks.us
January 17, 2003
To: Mortgage Holder
Re: Future Special Assessments
2959 Tasker Lane
Please consider this your notification that the future special assessments on this property have been paid. At the
present time, the Saline County Treasurer's Office is awaiting the payment of the 2nd half of 2002 property taxes
totaling $2552.88, which includes $2137.18 in special assessments.
Mr. & Mrs. Sweeney made a payment of $4141.37 on October 30, 2002, which paid their special assessments in full
2003, and 2004.
If you have any questions regarding this matter, or need further documentation, please contact me.
Sincerely,
`. 1 d Yl n.t✓l tat
Penny Day
Account Clerk
•
SA5050DF Special Assessments - Work With. Tract Assessments 1/17/03
. . - 11 :22 : 34
Job: 1994-898 S & U/Austin, Country Oak Est , Tulane, Tasker
Tract# Lot Block Subdivision Prin: 18 , 535 . 80
27320 PT12 & 13 002 689 TASKER
Lgl : LT 13 & S 63 LT 12 BLK 2 TASKER ADD
Type options, press ENTER.
2-Change 4-Delete 5-Display
Opt Year Principal Interest Payments Assessment
1995 879 . 5600 563 . 4461 . 00 1 , 443 . 01
_ 1996 1, 853 . 5800 850 . 7932 . 00 2 , 704 . 37
1997 1, 853 . 5800 751 . 6638 . 00 2 , 605 . 24
_ 1998 1, 853 . 5800 651 . 7373 . 00 2 , 505 . 32
_ 1999 1, 853 . 5800 553 . 1824 . 00 2 , 406 . 76
_ 2000 1, 853 . 5800 465 . 1559 . 00 2 , 318 . 74
2001 1, 853 . 5800 375 . 3129 . 00 2 , 228 . 89
2002 1, 853 . 5800 283 . 5977 . 00 2 , 137 . 18
2003 1, 853 . 5800 189 . 9920 2 , 043 . 57 . 00
2004 1, 853 . 5800 95 . 4594 1 , 949 . 04 . 00
F3=Exit F5=Refresh F6=Create F12=Cancel F21=Print
0127/2003 11:44 FAX 7853095738 CITY OF SALINA fU001
**********S**********
*** TX REPORT ***
*********************
TRANSMISSION OK
TX/RX NO 0141
CONNECTION TEL 9p8262290
SUBABURESS
CONNECTION ID SUNFLOWER BANK L
ST. TIME 01/17 11:43
USAGE T 00'46
PGS. SENT 3
RESULT OK
City of •
girt
Salina
FAX TRANSMISSION
City of Salina
P.O. Box 736
Salina, KS 67402-0736
Phone 785-309-5735
Fax: 785-309-5738
To: Angela Moore Date: July 18, 2003
Fax: 412-851-3753 Pages: 3
(including cover sheet)
From: Penny Day Dept: Finance Department
Subject: 2959 Tasker Lane
Comments:
Here is the information you requested. If you have any questions I will be in the office
until 12:00 noon today. Thank you.
SA5050 Special Assessments - Trace Assessments 7/18/03
10 : 36 :29
Job: 1994-898 S & U/Austin, Country Oak Est, Tulane,Tasker
Tract# Lot Block Subdivision
27320 PT12 & 13 002 689 TASKER
LGL: LT 13 & S 63 LT 12 BLK 2 TASKER ADD
Year Principal Interest Payments Assessment
1995 879 . 56 563 . 45 . 00 1, 443 . 01
1996 1 , 853 . 58 850 . 79 . 00 2 , 704 . 37
1997 1 , 853 . 58 751 . 66 . 00 2 , 605 . 24
1998 1 , 853 . 58 651 . 74 . 00 2 , 505 . 32
1999 1 , 853 . 58 553 . 18 . 00 2 , 406 . 76
2000 1 , 853 . 58 465 . 16 . 00 2 , 318 . 74
2001 1 , 853 . 58 375 . 31 . 00 2 , 228 . 89
2002 1 , 853 . 58 283 . 60 . 00 2 , 137 . 18
2003 1 , 853 . 58 189 . 99 2 , 043 . 57 . 00
2004 1 , 853 . 58 95 . 46 1, 949 . 04 . 00
City of Salina
--•
1tT73D"2002 P.O. Box 736
Salina, Kansas 67402-0736
RECEIPT NO. 4778
sauna
DESCRIPTION 17
AMOUNT
PREPAID SP #27320 2959 TASKER LANE 4 , 141 . 37
553-000 557 . 000
J
REagcK 28371 4 , 141 . 37 ✓/
FROM: I ,
LAND TITLE SERVICES. INC. TOTAL PAID 4. 141 . 37
07/18/2003 09:46 FAX 7853095738 CITY OF SALINA 0001
*si******************
*** TX REPORT ***
*********************
TRANSMISSION OK
TX/RX NO 0827
CONNECTION TEL 9p14128513753
SUBADORESS
CONNECTION ID
ST. TIME 07/18 09:45
USAGE T 00'29
PGS. SENT 3
RESULT OK
•