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2016-10-17_EDA_Agenda_Packet
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2016-10-17_EDA_Agenda_Packet
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11/22/2016 3:11:27 PM
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Economic Development Authority
Commission/Committee - Document Type
Agenda/Packet
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9b. Attachment C <br />with any requirements of law or the terms and conditions of any other agreements <br />among said parties. Agent shall have no duty or liability to verify any amounts <br />deducted from the retained amount and Agent’s sole responsibility shall be to act <br />expressly as set forth in this Escrow Agreement. <br />3.Escrow Agent Liability.The sole duties of Escrow Agent shall be those described <br />herein, and Escrow Agent shall be under no obligation to determine whether the <br />other parties hereto are complying with any requirements of law or the terms and <br />conditions of any other agreements among said parties. Escrow Agent may <br />conclusively rely upon and shall be protected in acting on any notice believed by it to <br />be genuine and to have been signed or presented by the proper party or parties, <br />consistent with reasonable due diligence on Escrow Agent's part. Escrow Agent shall <br />have no duty or liability to verify any such notice, and its sole responsibility shall <br />be to act expressly as set forth in this Escrow Agreement. <br />The Seller and the Buyer understand that Agent is legal counsel to the Buyer and each <br />consents to Agent’s serving as Escrow Agent notwithstanding such representation. <br />In the event Agent determines, in its sole discretion, that it cannot continue to serve as <br />Escrow Agent herein, Agent shall deposit the funds with Old Republic National Title <br />Insurance Company or such otherEscrow Agent acceptable to the Seller andthe <br />Buyer. The Seller consents to Agent's continued representation oftheBuyer after a <br />deposit is made, andtheBuyer agrees to pay all escrow fees charged by the substitute <br />Escrow Agent. <br />4.Notices to be sent to the parties to this Agreement shall be sent by mail or <br />personal delivery to: <br />SELLER: Evelyn M. Sands <br /> c/o Attorney-in-Fact <br /> Ronald D. Sands <br /> 3417 Mansfield Road, <br /> Falls Church, VA 22041 <br />BUYER:Roseville Economic Development Authority <br />Attn: Jeanne Kelsey <br />2660 Civic Center Drive <br />Roseville, MN 55113 <br />AGENT:Kennedy & Graven, Chartered <br />ATTN: Sarah Sonsalla and <br />Catherine B. Rocklitz <br />470 U.S. Bank Plaza <br />200 South Sixth Street <br />Minneapolis, MN 55402 <br />IN WITNESS WHEREOF, the partieshave executed this agreement as of the date <br /> <br />
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