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Release of Escrow Agreement - Release Funds for Howard Park Redevelopment Project - Larson-Danielson Construction Co., Inc.
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Release of Escrow Agreement - Release Funds for Howard Park Redevelopment Project - Larson-Danielson Construction Co., Inc.
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4/9/2025 9:34:47 AM
Creation date
4/16/2020 3:49:22 PM
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Board of Public Works
Document Type
Contracts
Document Date
4/14/2020
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James R. Seitz <br />lst Source Bank <br />P.O. Box 1602 <br />100 N. Michigan Street <br />South Bend, Indiana 46634 <br />RE: Escrow Agreement dated December 11, 2018 (the "Escrow Agreement"), by and between <br />City of South Bend Board of Public Works (the "Board"), Larson -Danielson Construction <br />Co, Inc. (the "Contractor"), and 1st Source Bank, NA (the "Bank") <br />Dear Mr. Seitz: <br />Pursuant to section 3 of the Escrow Agreement identified above, the Board hereby instructs the <br />Bank to release to the Contractor the amount of Seven Hundred Fifty -Six Thousand One Hundred <br />Fifty -Three and 151100 Dollars ($756,153.15) from escrow account 54-0599495, as requested in <br />the enclosed payment application (Application No. 56445-00017R). Thank you for your <br />assistance. <br />BO.XRD OF PUBLIC WORKS <br />Gary A. Gilot, President <br />hli,.Mh A Maradik, Member <br />11—esc J. Dr-, bfcmbei <br />Jordan V. Gathers, Dcmber <br />7� <br />Joseph Molnar, Member <br />A'FI'ES'I': <br />e`ilta , 0 f (v"vt <br />Linda M. Martin. Clerk <br />
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