Escrow Agreement ESCROW AGREEMENT
THIS AGREEMENT is made this 2nd day of June, 2003, by and between Aimee R. and Mark D.
McDaniel, (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 1, Blk 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
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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 One thousand four
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hundred nineteen and 49/100 Dollars($1,419.49),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.
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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 2nd day of June, 2003.
Aim''R.McDaniel
"Property Owner"er777
Mark D. McDaniel
"Property Owner"
CITY OF SALINA,KANSAS
By it
Rodney ranz / •
"Escrow Age,
STATE OF KANSAS, SALINE COUNTY, ss:
The above and foregoing instrument acknowledged before me this 99J day of June,2003,by Aimee
R. McDaniel,the Property,Owner.
KAREN L. GEBHARDT / 1
Notary Public.State of Kansas J[ -n / � t-yo„Ltd
My Appl. Expires in'‘,20-0 5"
,�/'` /���iiTTT . l AAA.
Notary Public
STATE OF KANSAS,SALINE COUNTY,ss:
The above and foregoing instrument acknowledged before me this cZl ci day of June,2003,by Mark
D. McDaniel,the Property Owner.
la KAREN L. GEBHARDT
Notary Eesblie-State of Kansya� 10-A-0-vm. I � /AJ/t MY Appt Explrea/a'�O- D (•mil//-f-
Notary Public
STATE OF KANSAS, SALINE COUNTY, ss:
The above and foregoing instrument acknowledged before me this day of June, 2003,by Rodney
Franz, Finance Director of the City of Salina, Kansas,on behalf of the City of Salina, Kansas.
I _ p PENNY DAY r t ,,, ,
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Notary Pube-YStatgti Kansas
I`�1/�{
I My AppL Expires Q Notary Pub I
SA5050 Special Assessments - Tract Assessments 5/28/03
11 : 13 : 16
Job: 1993-873 Streets & Utilities-Laurie/Tasker
Tract# Lot Block Subdivision
27309 1 002 689 TASKER
LGL: LT 1 BLK 2 TASKER ADD
Year Principal Interest Payments Assessment
1994 1, 006 . 09 704 . 20 . 00 1 , 710 . 29
1995 1, 006 . 09 462 .46 . 00 1, 468 . 54
1996 1 , 006 . 09 411 . 15 . 00 1, 417 . 24
1997 1 , 006 . 09 363 . 99 . 00 1, 370 . 08
1998 1 , 006 . 09 315 . 31 . 00 1, 321 .40
1999 1 , 006 . 09 265 . 10 . 00 1, 271 . 19
2000 1, 006 . 09 213 . 79 . 00 1, 219 . 88
2001 1 , 006 . 09 161 .48 . 00 1, 167 . 57
2002 1 , 006 . 09 108 . 15 . 00 1, 114 . 24
2003 -- 1 , 006 . 09 54 . 33 . 00 1, 060 .42
Po Le.pazo
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SA5050 Special Assessments - Tract Assessments 5/28/03
11 : 13 : 17
Job: 1995-928 Schilling Road Drainage Area A (Tasker - No. Side)
Tract# Lot Block Subdivision
27309 1 002 689 TASKER
LGL :
Year Principal Interest Payments Assessment
1998 52 . 37 26 . 19 . 00 78 . 56
1999 52 . 37 23 . 57 . 00 75 . 94
2000 52 . 37 20 . 95 . 00 73 . 32
2001 52 . 37 17 . 78 . 00 70 . 15
2002 5.2...37 12...8.8 . 00 r 65 . 25
2003 52 . 37 10 . 87 . 00 63 . 24
2004 52 . 37 8 . 80 . 00 61 . 17
2005 52 . 37 6 . 68 . 00 59 . 05
2006 52 . 37 4 . 50 . 00 56 . 87
2007 52 . 37 2 . 30 . 00 54 . 68
City of Salina
4V; � ��(�� 64"'` ° .6,03/2003 P.O. Box 736
' CI o , s Salina, Kansas 67402-0736 5 7439
RECEIPT NO. °�
soLine 170
DESCRIPTION AMOUNT
PREPAID SF TRACT # 27309 LOT 1 BLK 1 TASKER ADD 1 ,419.49
553-000 557.000
CHECK: 13395 1 ,419.49
R
RECEIVED
FROM
LAND TITLE SERVICES, INC. TOTAL PAID 1 ,419.49
ORIGINAL RECEIPT
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City of Salina �'
Special Assessment Prepayment Form \-1�
Summary of Findings:
Tract# 27309
Job Number 93-873 Total Future Assessments Due: $1,060.42
Other Description: !Lot 1 Block 2 Tasker Amount of Prepayment Required: $1,111.79
i Savings on Prepayment: ($51.37)
Date of Payment or Sale 1 06/02/03 W/E: 5/23/2003
Discount Rate Used: 0.27%, From: http://www.federalreserve.00v/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
6/2/2003 (This is the Date Paid) 0
12/20/2003 $1,006.09 $54.33 $1,060.42 $53.02 $1,113.44
12/20/2004 $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2005, $0.00 , $0.00 $0.00 $0.00 $0.00
12/20/2006' $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 S0.00
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 $0.00 $0.00
Totals $1,006.09 $54.33 $1,060.42 $53.02 $1,113.44
-I H11C1, ��
City of Salina 0_11_16, /'
Special Assessment Prepayment Form
Summary of Findings:
Tract# 27309
Job Number 95-928 Total Future Assessments Due: $295.01
Other Description: 'Lot 1 Block 2 Tasker Amount of Prepayment Required: $307.70
Savings on Prepayment: ($12.69)
Date of Payment or Sale 06/02/03 W/E: 5/23/2003
Discount Rate Used: 0.27% 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
6/2/2003 (This is the Date Paid) 0
12/20/2003 $52.37 . $10.87 ' $63.24 $3.16 $66.40
12/20/2004 $52.37 $8.80 $61.17 $3.06 $64.23
12/20/2005 $52.37 $6.68 $59.05 $2.95 $62.00
12/20/2006 $52.37 $4.50 $56.87 $2.84 $59.71
12/20/2007 $52.37 $2.31 $54.68 $2.73 $57.41
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 $0.00 $0.00
Totals $261.85 $33.16 $295.01 $14.75 $309.76
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City of Salina
Special Assessment Prepayment Form
Summary of Findings:
Tract# 27309
Job Number 93-873 Total Future Assessments Due: $1,060.42
Other Description: Lot 1 Block 2VTasker ' Amount of Prepayment Required: $1,111.96
Savings on Prepayment: ($51.54)
Date of Payment or Sale _ - ° 06/09/03 W/E: 15/16/2003
Discount Rate Used '- 0'25%d From http://www.federalreserve.00v/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
6/9/2003 (This is the Date Paid) 0
12/20/20031 "m$1006.091 $54.33 $1;060.42'I $53.02 $1,113.44
12/20/2004 ,-.$000'l $0.00 , „ $0:00; $0.00 $0.00
12/20/2005 $0:00 $0.00 ' $0.00 $0.00 $0.00
12/20/2006 $0:00 $0.00 ` ; $0.`00 $0.00 $0.00
12/20/2007 $0 00 $0.00 ' . .,$0 00'i $0.00 $0.00
12/20/20081. $0 00 $0.00 $0:00 $0.00 $0.00
12/20/2009i ' '- ''. t' $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 s $00 $0.00 $0.00
12/20/2012 r $0.0 . $0.00 $0:00 $000 $0.00 0
12/20/2013; ` '; $0.00; $0.00 i $0.00;1 $0.00 $0.00
12/20/2014... .. $0.00: $0.00 i „. $0;00 $0.00 $0.00
12/20/2015 : $0.00` $0.00 I' $0.0J $0.00 $0.00
12/20/2016 , $0.00 $0.00 V $0.00 $0.00 $0.00
12/20/2017 ,
_, $0.000 $0.00 , $0:001., $0.00 $0.00
Totals $1,006.09 $54.33 $1,060.42 $53.02 $1,113.44
C�
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City of Salina
Special Assessment Prepayment Form
Summary of Findings:
Tract# . `.` 027309
Job Number - -95-928 Total Future Assessments Due: $295.01
Other Description: Lot 1 Block 2=Tasker, 1 Amount of Prepayment Required: $307.86
Savings on Prepayment: ($12.85)
Date of Payment or Sale 06/09/031 W/E: 1°5/16/200341
Discount Rate Used: _; ,6.25%,1 From: http://www.federalreserve.00v/releases/h15
Date First Prepaid
Assessment is Due : 12/20/20031
Principal Total Due
First prepaid assesment Scheduled and Escrow From
due Scheduled Principal Interest Interest Adm. Fee Escrow
6/9/2003 (This is the Date Paid) 0
12/20/2003 $52.37 1 $10.87 $63.24',; $3.16 $66.40
12/20/2004 - $52.37 I $8.80 $61.17- $3.06 $64.23
12/20/2005 $52:37 i $6.68 $59 05 $2.95 $62.00
12/20/2006 $52.37 ] $4.50 $56.87; $2.84 $59.71
12/20/2007 '' $52.37,1 $2.31 $54.68 $2.73 $57.41
12/20/2008 ' "'^" ' $0..001 $0.00 '$0.001.1 $0.00 $0.00
12/20/2009 ' F ' 1n ,$0 001� $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 $0.00'1 $0.00 $0.00
12/20/2012 , - $0.00 IIIIII $0.00 „$0.00,5 $0.00 $0.00
12/20/2013 ',, $0.00 I $0.00 +h. '$0.001 $0.00 $0.00
12/20/2014 $0 00 $0.00 $6-00 $0.00 $0.00
12/20/2015 $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2016 e $0.00' $0.00 $0.00:,4 $0.00 $0.00
12/20/2017 ` '!" $0 00 $0.00 $0:00 1 $0.00 $0.00
Totals $261.85 $33.16 $295.01 $14.75 $309.76
C\V
SA5050DF Special Assessments - Work With Tract Assessments 5/21/03
12 : 46 :29
Job: 1995-928 Schilling Road Drainage Area A (Tasker - No. Side)
Tract# Lot Block Subdivision Prin: 523 . 71
27309 1 002 689 TASKER
Lgl :
Type options, press ENTER.
2-Change 4-Delete 5-Display
Opt Year Principal Interest Payments Assessment
1998 52 . 3710 26. 1855 . 00 78 . 56
1999 52 . 3710 23 . 5670 . 00 75 . 94
- 2000 52 . 3710 20 . 9484 . 00 73 . 32
2001 52 . 3710 17 . 7800 . 00 70 . 15
- 2002 52 . 3710 12 . 8833 . n0 65. 25
_ 2003 52 . 3710 10 . 8670 . 00 63 . 24
2004 52 . 3710 8 . 7983 . 00 61 . 17
_- 2005 52 . 3710 6. 6773 . 00 59 . 05
2006 52 . 3710 4 . 5039 . 00 56. 87
2007 52 . 3710 2 . 3043 . 00 54 . 68
F3=Exit F5=Refresh F6=Create F12=Cancel F21=Print
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SA5050DF Special Assessments - Work With Tract Assessments 5/21/03
12 : 45 : 44
Job: 1993.873 Streets & Utilities-Laurie/Tasker
Tract# Lot Block Subdivision Prin: 10, 060 . 89
27309 1 002 689 TASKER
Lgl :
Type options, press ENTER.
2-Change 4-Delete 5-Display
Opt Year Principal Interest Payments Assessment
1994 1, 006 . 0890 704 . 2019 . 00 1, 710 . 29
1995 1, 006. 0890 462 . 4559 . 00 1, 468 . 54
1996 1, 006. 0890 411 . 1524 . 00 1, 417 . 24
1997 1, 006 . 0890 363 . 9909 . 00 1, 370 . 08
_ 1998 1, 006 . 0890 315 . 3123 . 00 1, 321 . 40
1999 1, 006 . 0890 265 . 1045 . 00 1, 271 . 19
2000 1, 006 . 0890 213 . 7939 . 00 1, 219 . 88
_ 2001 1, 006 . 0890 161 . 4773 . 00 1, 167 . 57
2002 1, 006 . 0890 108 . 1546 . 00 1, 114 . 24
I _ ii , 006 . 0890 54 . 328: . ii , I .I . J
F3=Exit FS=Refresh F6=Create F12=Cancel F21=Print
LAND TITLE SERVICES, INC. 13395
File No. TI-34611
Property Address: 2901 TASKER LANE, SALINA, KS 67401
Buyer: MCDANIEL _
Seller: BRIDGE R , �/ & p�
moo-"n ,�` - I ���'.
Dated: 06/0;'_/205. -7 LC7- I Z\ c I
Amount: $1,419.49 �r0.c� r � /nom(/,
Payee: SALINA CITY CLERK
f
Purpose: SPECIAL ASSESSMENTS
TRACT #27309