1
ESCROW AGREEMENT
THIS ESCROW AGREEMENT, (the "Agreement") made this day of ,
200 , by and among , a Florida corporation, with offices at
("company name"), the Environmental Protection Commission
of Hillsborough County, created pursuant to Chapter 84-446, Laws of Florida, with offices at
3629
Queen
Palm
Dr,
Tampa,
Florida
33619
("EPC")
and
, with offices at ("Escrow Agent").
WHEREAS, in consideration of the authorization to impact certain wetlands within the
project, has agreed to
perform or
construct
the mitigation on
certain
properties
identified on
the
Mitigation Agreement attached as Exhibit "A" to this Agreement, including monitoring as
required and any necessary corrections or modifications to the mitigation in accordance with
plans approved by EPC and which are on file with EPC (the "Mitigation"); and
WHEREAS, has agreed to deposit the sum of $ ,
with the Escrow Agent, (The "Funds") representing an amount equal to One Hundred Percent
(100%) of the prorated estimate of the cost of the earthwork, planting, monitoring and
maintenance portions of the Mitigation within ten (10) days of the execution of this Agreement;
and
WHEREAS, the Funds shall be separately released upon the concurrence of EPC that the
earthwork, planting, monitoring and maintenance each have been completed as herein set forth;
and
WHEREAS, Escrow Agent is agreeable to act as escrow agent without compensation
under this Agreement and to disburse the Funds in accordance with the terms and conditions
hereinafter set forth.
NOW, THEREFORE, in consideration