Escrow Agreement Form printable pdf download

ESCROW AGREEMENT

Performance Security

Clark County

Director of Community Development

1300 Franklin Street

Vancouver, WA 98666

RE:

Project Name and Address:________________________________________________________________________________

ESCROW ACCOUNT NUMBER:__________________________________________________________________________

Dear Sir:

______________________, (Owner Name and Address) seeks building permits or final plat approval, but is required to first make

improvements. Funds in the amount of $___________________________________________ (Amount both in words and figures) are

secured in escrow, in the name of Clark County. These moneys are secured to ensure the completion of required improvements for said

project in compliance with state law, Clark County Code and the specifications in Engineer Plan No.___________________ for the benefit

of the future lot owners and the citizens of Clark County, Washington. These improvements generally include

_______________________________________________________________________________________________________________

___________________________________________________________________________________________________________ (See

Exhibit "A" for a cost breakdown of improvements covered by this agreement).

The Escrow Agent agrees to disburse funds from said escrow account only upon written authorization of the Director of

Community Development, or designee. In the event that satisfactory completion of the above-required improvements, contained in Exhibit

"A", are not accomplished within a period of two (2) years from the date of this Agreement, the Applicant and the Escrow Agent understand

that the Director of Community Development may demand and will receive disbursement of any and all funds remaining in escrow so the

work may be completed under the direction of the Director. Any extension of time granted shall be solely at the discretion of the Director of

Community Development.

This escrow is intended to cover all costs of the above-described project, provided, the parties agree that neither Clark County nor

any of its agents are required to provide funding beyond the amounts remaining in escrow to complete any project. It is the Applicant who is

responsible for paying the cost of construction improvements upon which final plat or building permit approval is conditioned.

DATED this ____ day of _______________________, 2005.

__________________________________________________

Owner/Developer Name (Print)

__________________________________________________

Owner/Developer Signature

__________________________________________________

Address, City, State and Zip

__________________________________________________

Escrow Company Name

(SEAL)

__________________________________________________

(SEAL)

Escrow Agent Signature

__________________________________________________

Address, City, State and Zip(Print)

Approved as to form, written signature on file:

____________________________

Deputy Prosecuting Attorney

for Clark County, Washington

Escrow Agreement Form

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