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05-14-2018 Council Meeting Packet
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05-14-2018 Council Meeting Packet
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6 <br /> <br />recognized carrier service; or upon receipt if sent in any other way. Any party hereto <br />may from time to time, by written notice to the other parties, designate a different <br />address which shall be substituted for the one specified below. <br /> <br />21. In the event the City declares default under the PUD Agreement this Escrow agreement <br />shall not terminate and all funds held in the Escrow Account shall remain held in said <br />Escrow Account pending agreement between the City and the Bank as to the application <br />of any funds held in Escrow and, in the event the Parties cannot agree to the same to a <br />court of competent jurisdiction in connection with allocation of the funds. <br /> <br /> Escrow Agent: Registered Abstracters, Inc. <br /> Attn: Jan Thomas <br /> 2115 N. 3 <br />rd Avenue <br /> Anoka, MN 55303 <br /> <br /> City: City of Lino Lakes <br /> Attn: Michael Grochala <br /> 600 Town Center Parkway <br /> Lino Lakes, Minnesota 55014 <br /> <br /> Developer: Tony Emmerich Construction, Inc. <br />Attn: Baleen K. Roberts, President <br /> 4920 173rd Avenue NE <br /> Ham Lake, Minnesota 55304 <br /> <br />22. This Agreement may be executed in any number of counterparts, each of which shall be <br />an original but all of which shall constitute one and the same instrument. The delivery <br />of an executed counterpart of this Agreement by facsimile or PDF or similar attachment <br />to an email in accordance with Paragraph 21 above shall constitute effective delivery of <br />such counterpart for all purposes with the same force and effect as the delivery of an <br />original, executed counterpart. <br /> <br />23. All remaining funds, after completion of all work as provided in this Agreement, shall be <br />returned to Bank and disbursed by the Bank pursuant to the terms and conditions of the <br />Loan Agreement by and between Bank and Borrower dated _______________, ______, <br />2017. All remaining funds held pursuant to this Agreement shall be disbursed to the <br />Bank as soon as reasonably possible after review and approval by the City of all terms <br />and conditions of this Agreement <br /> <br />
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