My WebLink
|
Help
|
About
|
Sign Out
Home
Search
06-23-14 Council Packet
LinoLakes
>
City Council
>
City Council Meeting Packets
>
1982-2020
>
2014
>
06-23-14 Council Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/14/2015 2:32:55 PM
Creation date
10/16/2014 1:07:05 PM
Metadata
Fields
Template:
City Council
Council Document Type
Council Packet
Meeting Date
06/23/2014
Council Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
132
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
c. Satisfactory evidence that all work requiring inspection by Governmental <br />Authorities having jurisdiction, including the City, has been duly inspected and <br />approved by such authorities and that all requisite certificates of occupancy, if <br />applicable, and other approvals have been issued. <br />d. Final Sworn Construction Statement. <br />e. The Developer's general contractor shall submit a 1 year warranty bond, in a form <br />satisfactory to the City Attorney, from the date of Project acceptance and all <br />required IC -134 documents. <br />7. Not later than five business days following receipt of the documents delivered to it <br />pursuant to the above paragraphs, the Escrow Agent will notify in writing the City as to <br />whether the delivered documents are satisfactory to it. If documents are missing, the <br />Escrow Agent will advise City and Developer. If the documents are supplied to the <br />satisfaction of the City and Escrow Agent, Escrow Agent will within 3 business days <br />transmit to the Developer the amount applied for in the relevant draw request. <br />8. Developer will pay parties identified in the relevant draw request, the amounts shown <br />therein. Payment will only be made upon receipt of signed lien waivers for the amount <br />requested. <br />9. The Escrow Agent will keep and maintain books and records in sufficient detail to reflect <br />the disbursements made by it hereunder. City and Developer may, during normal <br />business hours, examine the books and records of Escrow Agent pertaining to the <br />disbursements made by it hereunder. The Escrow Agent shall notify the City and <br />Developer when fund balance is less than $25,000. <br />10. No liability is assumed by Escrow Agent or City to the Developer or contractors as <br />regards protection against mechanic's lien or title claims. <br />11. Functions and duties assumed by the Escrow Agent include only those described in this <br />Agreement, and the Escrow Agent is not obligated to act except in accordance with the <br />terms and conditions of this Agreement. Escrow Agent does not insure that the building <br />or construction will be completed, or that the building when completed will be in <br />accordance with the plans and specifications, or that sufficient funds will be available for <br />completion. The funds placed in escrow shall be maintained in a non-interest bearing <br />account <br />12. Escrow Agent acknowledges receipt of escrowed funds upon execution of this document. <br />13. This Agreement shall be binding upon the parties hereto and their respective successors <br />and assigns. <br />3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.