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Escrow Agreement - Requesting Release of $189,038.27 of Interest Accrued from Escrow Account for Howard – 1st. Source Bank
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Escrow Agreement - Requesting Release of $189,038.27 of Interest Accrued from Escrow Account for Howard – 1st. Source Bank
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7/13/2021 4:38:01 PM
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7/13/2021 4:37:49 PM
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Board of Public Works
Document Type
Contracts
Document Date
7/13/2021
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James R. Seitz <br />1st Source Bank <br />P.O. Box 1602 <br />100 N Michigan Street <br />Soiuth Bend, Indiana 46634 <br />RE: Escrow Agreement dated December 11, 2018 (the “Escrow Agreement”), by and between City of <br />South Bend Board of Public Works (the “Board”), Larson-Danielson Construction Co, Inc. (the <br />“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 Bank to <br />release to the Contractor the amount of One hundred eighty-nine thousand eight hundred seventy-eight <br />and 64/100 dollars and accrued interest from escrow account 54-0599495. <br />Date: July 13, 2021
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