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<br /> <br />November 19, 1992 <br /> <br />Commonwealth Land Title Insurance Company <br />255 Park Square Court <br />400 Sibley Street <br />st. Paul, MN 55101 <br /> <br />Gentlemen: <br /> <br />Calibre Ridge Partnership and the City of Roseville hereby <br />requests that Commonwealth Land Title Insurance Company (CLTIC) <br />hold funds in escrow upon the following terms and conditions. <br /> <br />1. FUNDS TO BE HELD IN ESCROW (itemize). <br /> <br />A. $ for the construction of a fence on the entire <br />northern and western perimeter of the project site. <br />the City Council of the City of Roseville at its sole <br />discretion, may require the construction of the fence <br />one year after the final certificate of Occupancy has <br />been issued on all units. <br /> <br />B. $ for the completion of landscaping as shown on <br />plans approved by the city of Roseville. <br /> <br />2. CONDITIONS OR CONTINGENCIES UPON FULFILLMENT OF WHICH THE <br />FUNDS ARE TO BE RELEASED (Note: CLTIC Legal Department must <br />approve terms): <br /> <br />A. Funds as described in IA above shall be released to <br />Calibre Ridge Partnership upon completion of the fence <br />along the entire northern and western perimeter or upon <br />notice in writing from the City of Roseville that all <br />or a portion of the fence is not required. <br /> <br />B. Funds as described in 1A above shall be released to the <br />city of Roseville if upon written notice from the city <br />of Roseville that all or a portion of the fence along <br />the northern and western perimeter of the project site <br />is not constructed as required by the City. <br /> <br />C. Funds as described in 1B shall be released to Calibre <br />Ridge Partnership upon written notice from the city of <br />Roseville that all landscaping has been installed <br />according to plans approved by the City of Roseville <br />and two growing seasons have passed. A portion of the <br />funds may be released after one growing season has <br />passed upon written notice from the city. <br /> <br />2660 CIVIC CENTER DRIVE · ROSEVILLE · MINNESOTA· 55113-1899 <br />612-490-2200 · FAX 612-490-2270 <br />