Escrow Agreement (Lot 10, Block 1) - 1 ESCROW AGREEMENT
THIS AGREEMENT is made this 17th day of July, 2019, by and between Rhonda G.
& Mark A. Person, (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 10, Block 1 of Riverrun Addition in the City of Salina, Saline County,
Kansas
(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 Two
hundred ninety three and 88/100 Dollars(5293.88),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 510.00 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.
City of Salina
Special Assessment Prepayment Form
Summary of Findings:
Tract# 313.09 -2
Job Number 2003-1424 Total Future Assessments Due: $287.62
Other Description: Lot 10, Plock 1 a Amount of Prepayment Required: $293.88
Riverrun Addition
Savings on Prepayment: ($6.26)
Date of Payment or Sale . ' 07/17/19 W/E: 112/16/2016
Discount Rate Used: 1.40000% From: http://www.federalreserve.00v/releases/h15
Date First Prepaid
Assessment is Due 12/20/2019
Total Due
First prepaid assesment Scheduled Principal Escrow From
due Scheduled Principal Interest and Interest Adm. Fee Escrow
7/17/2019 (This is the Date Paid) 0
12/20/2019 . . . $137.75 $6.06 -- - $143.81 $10.00 $153.81
12/20/2020 $131.94 $11.87 ; $143.81 $0.00 $143.81 Was not incl
12/20/2021 50.00 $0.00 -. "- $0'00- $0.00 $0.00 in the first ac
12/20/2022 _ $0.00 $0.00 . $0.00 $0.00 $0.00
12/20/2023 ' $0.00 . $0.00 ' $0:00 $0.00 $0.00
12/20/2024 -- $0.00 $0.00 - $0.00 $0.00 $0.00
12/20/2025 • $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2026 . : . $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2027 _ $0.00 $0.00 - _ '$0.00 $0.00 $0.00
12/20/2028 . . $0.00 $0.00 .' - .$0.00 $0.00 $0.00
12/20/2029 '- • _ , $0.00 $0.00 .$0.00 $0.00 $0.00
12/20/2030 - - _ $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2031 = $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2032 . $0.00 $0.00 ` ` $0.00 $0.00 $0.00 `
12/20/2033 $0.00 $0.00 `50:00 $0.00 . $0.00
Totals $269.69 S17.93 $287.62 $10.00 $297.62
• CUSTOMER COPY Miscellaneous Receipt
C'h'Of City of Salina Receipt
PO Box 736 Number 25241
�.- Salina, KS 67402-0736
(785) 309-5735 Fax: (785) 309-5738 Receipt Date
.Salina07/30/19
Received from:
M PERSON & R PERSON
TIME:08:38
CLERK:StraitA
Charge Code Org Object , Proj Comment Description' . - - - ' ' Amount
TRACT 31309-2 $143.81
70001 4778 Prepaid Sp.Assessments $143.81
000 1000 Cash $143.81
PAID BY: M PERSON&R PERSON
PAYMENT METH: CHECK
3806
AMT TENDERED: $143.81
AMT APPLIED: $143.81
CHANGE: $0.00
ESCROW AGREEMENT
THIS AGREEMENT is made this 17th day of July,2019, by and between Rhonda G.
& Mark A. Person, (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 10, Block 1 of Riverrun Addition in the City of Salina. Saline County,
Kansas
(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 One
hundred fifty two dollars and 90 /100 Dollars ($152.90), 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 $10.00 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 17th day of July, 2019.--N
Rhone. G. Person
"Property Owner"
ez-sxCP 2�✓-C'-r�y� .
ark A. Person
"Property Owner"
CITY OF SALINA, KANSAS
—�/4t
Debbie Pack
"Escrow Agent"
STATE OF KANSAS, SALINE COUNTY, ss:
The above and foregoing instrument acknowledged before me this 17`" day of July, 2019, by
Rhonda G. Person, the Property Owner.
ALLISON STRAIT
1 Notary Public - State ci Eariscs
I 2.5-20
1..1/ Grp:. Expires �– tary Public
STATE OF KANSAS, SALINE COUNTY, ss:
The above and foregoing instrument acknowledged before me this 171h day of July, 2019, by
Mark A. Person, the Property Owner.
STRAIT
'
1- ALLISON
.� Notary Public - State c; Ko ,_<:, N tary Public C
h5; Appt. Expires 10'25-20
STATE OF KANSAS, SALINE COUNTY, ss:
The above and foregoing instrument acknowledged before me this 17'" day of July, 2019, by
Debbie Pack, Finance Director of the City of Salina, Kansas, on behalf of the City of Salina, Kansas.
ft ALLISON STRAIT • otary Public
L it-in Notary Public - State of Kansas
Expires 10-25-20
City of Salina
Special Assessment Prepayment Form
Summary of Findings:
Tract# 31309 -2
Job Number 2003-1424. Total Future Assessments Due: $143.81
Other Description: Lot 10, Block 1 Amount of Prepayment Required: $152.90
Riverrun Addition ' .
Savings on Prepayment: ($9.09)
Date of Payment or Sale 07/17419 W/E: 112/16/2016
Discount Rate Used: 1.40000% From: http:/Iwww.federalreserve.gov/releases/h15
Date First Prepaid - -
Assessment is Due 12/20/2019
Total Due
First prepaid assesment Scheduled Principal Escrow From
due Scheduled Principal Interest and Interest Adm. Fee Escrow
7/17/2019 (This is the Date Paid) 0
12/20/2019 $137.75 $6.06 - - :5143.81 $10.00 $153.81
12/20/2020 S0.00 $0.00 - $0.00 $0.00 $0.00
12/20/2021 $0.00' $0.00 ' $0.00 $0.00 $0.00
12/20/2022 • $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2023 $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2024 " $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2025 $0 00 $0.00 $0.00 $0.00 $0.00
12/20/2026 $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2027 $0.00 $0.00 $0.00 $0.00 $0.00
12/20/2028 $0.00 $0.00 $0:00 $0.00 $0.00
12/20/2029 - 50.00: $0.00 _ $0.00 $0.00 $0.00
12/20/2030 $0.00 $0.00 - . .$0.00 $0.00 $0.00
12/20/2031 - $0.00- $0.00 $0.00 $0.00 $0.00
12/20/2032 $0.00 $0.00 50.00 $0.00 $0.00
12/20/2033 $0.00 $0.00 - $0.00 $0.00 $0.00
Totals $137.75 $6.06 $143.81 S10.00 5153.81
SA5052 Special Assessments - Tract Assessments 7/16/19
13 : 50 : 14
Job: 2003-1424 SOUTH MARYMOUNT ROAD IMPROVEMENTS (PHASE II)
(Amortized)
Tract# Lot Block Subdivision
31309 10 1 903 RIVERRUN RPLT Ll BS ADD
LGL: Riverrun Add PDD Rplt Lt 1 Blk 5, S30, T14, R2 , BLOCK 1, Lot 10, 11916
Year Principal Interest Payments Assessment
2006 75 . 36 68 . 45 . 00 143 . 81
2007 78 . 67 65 . 14 . 00 143 . 81
2008 82 . 14 61 . 67 . 00 143 . 81
2009 85 . 75 58 . 06 . 00 143 . 81
2010 89 . 53 54 . 28 . 00 143 . 81
2011 93 . 47 50 . 34 . 00 143 . 81
2012 97 . 59 46 . 22 . 00 143 . 81
2013 101 . 88 41 . 93 . 00 143 . 81
2014 106 . 37 37 . 44 . 00 143 . 81
2015 111 . 05 32 . 76 . 00 143 . 81
2016 115 . 94 27 . 87 . 00 143 . 81
2017 121 . 05 22 . 76 . 00 143 . 81
2018 126 . 38 17 . 43 . 00 143 . 81
2019 131 . 94 11 . 87 . 00 143 . 81
2020 137 . 75 6 . 06 . 00 143 . 81
CUSTOMER COPY •
Miscellaneous Receipt
City of City of Salina Receipt p 25022
PO Box 736 Number
Salina, KS 67402-0736
(785)309-5735 Fax: (785) 309-5738Receipt Date
•
Sarna 07/17/19
Received from:
M PERSON & R PERSON
TIME:09:38
CLERK:SbaitA
Charge.Code Org - Object -.Proj Comment . Descriptiorr_ - - - Amount
EARLY PAYOFF 52,361.82
70001 4778 Prepaid Sp.Assessments 52,208.92
70001 4778 Prepaid Sp.Assessments $152.90
000 1000 Cash $2,361.82
PAID BY: M PERSON 8 R PERSON
PAYMENT METH: CHECK
3805
AMT TENDERED: 52,361.82
AMT APPLIED: $2,361.82
CHANGE: $0.00