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Amendment To TDR Escrow Agreement.pdf

R-2002-0617.pdf
Preview of Amendment to TDR Escrow Agreement
🔗 Source: discover.pbcgov.org
📊 Size: 141 KB
📄 Pages: 4 pages
⬇️ Downloads: 9

Summary

- Parties: Palm Beach County (County), G.L. Homes of Boynton Beach Associates VI, Ltd (Developer), Ruden, McClosky, Smith, Schuster & Russell, P.A. (Escrow Agent)
- Purpose: Amend the Transfer of Development Rights Escrow Agreement dated April 26, 2001
- Amendment Details:
- Decrease the number of TDR units purchased by the Developer from 308 to 245
- Update the total payment amount to $2,409,085 (or $9,833 per unit)
- Adjust the escrow account amount to $2,409,085
- Modify the disbursement and release of deed processes to reflect the amended terms
- Effect: This Amendment takes precedence over any conflicting provisions in the original Escrow Agreement

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Description

This Amendment modifies the Transfer of Development Rights Escrow Agreement dated April 26, 2001, between Palm Beach County, G.L. Homes of Boynton Beach Associates VI, Ltd, and Ruden, McClosky, Smith, Schuster & Russell, P.A. The parties agree to decrease the number of TDR units purchased by the Developer from 308 to 245.

Technical Information

  • File Format: PDF
  • File Size: 141 KB
  • Pages: 4
  • Language: EN
  • Total Downloads: 9
  • Last Updated: 2 days ago

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