Laserfiche WebLink
• _: , <br />PROPOS~.I, FOR L~:I031•lOOD BRICK & TILT C0:'L';:]Y CFPJRCE? PIT, FILE X79- <br />1,' La'.~cewood Brieic E: Tile Co:nnar~y will i_titir`'}• deposit $10000,00 plus the <br />presently accrued $1510,00 of their reclamation liability accounts making ' <br />a total of ~11~510,00 to an escrr.a account at Jefferson Bank & Trust. <br />Jefferson Han;; ?~ Trust. is to be escrow agent and escrow provisions and <br />inst_~tctions developed in muF,u~ agreement among Jefferson Bank & Trust <br />i4ined Land F.er.~cation and Lakewood Hrick °~ T_ile Company: <br />2. Additional fluids shall be added qu~rt~rly to the escrow accotmt by <br />Lakewood Brick ~ Tile Compan,}~ at the rate of lOc~ton of clay recovered <br />until such fun3 amounts to, bu+, does not ezceed~ $¢0000,!00; <br />3.' The ?scrota account shall not be depleted below ~10~000,'OO until reclam- <br />ation is ronoleted, <br />4.' As phased reclamation work is required, money is the escrow accotmt <br />could be used fir such reclamation with mutual agreement of ?•iined Land <br />Reclamation and Lakewood Brick & Tile Compar>r~. <br />5.' Interest from e:,crow investments would become a part of the escrow <br />accotmt; <br />