HomeMy WebLinkAboutResolution - 072855F - Escrow Agreement Payment - L.A. & Hazel Purtell - 07/28/1955RESOLUTION
Cory WHEREASg on April 14, 1954, the City of Lubbock and L.A. Purtell
7-29-55 8o and Hazel Purtell entered into an escrow agreement, the Citizens Nat-
T: r�. r dersoh ional Bank acting as escrow agent,under the terms of which the City of
Pe wing Der ; Lubbock placed in escrow the sum EIGHT THOUSAND EIGHT HUNDRED
& to lv1r. SIXTY-ONE AND 90/100 ($8,861.90) DOLLARS, represented by cashiers
L A 11irtel L check for said amount, ,payable to the Citizens National Bank, subject to
8-10'-55 the conditions of the contract; and,
WHEREAS, the City of Lubbock by its check No. B1674, dated June
30, 1955, in the amount of ELEVEN THOUSAND FOUR HUNDRED T WENTY-
''`` NINE AND 80100 ($11, #29.80) DOLLARS, paid to L. A. Purtell and Hazel
Purtell ,said amount, which included full payment of the EIGHT THOUSAND
EIGHT HUNDRED SIXTY-ONE AND 90/100 ($8, 861.90) DOLLARS herein-
above mentioned, in lieu of the payment of said amount through the escrow
agreement; and,
WHEREAS, the City of Lubbock and L. A. Purtell and Hazel Purtell
pursuant to the agreement desire to promptly pay the amount now being
held in escrow No. 2008, to -wit, EIGHT THOUSAND EIGHT HUNDRED
SIXTY-ONE AND 90%100 ($8,861.90) DOLLARS back into the Water -
Sewer -Electric (Water) Fund of the City of Lubbock; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK:
THAT the escrow agent, Citizens National Bank BE, and itis hereby
authorized and directed to pay the sum EIGHT THOUSAND EIGHT HUN-
DRED SIXTY-ONE AND 90100 ($8,861.90) DOLLARS now being held in
escrow No. 2008, into the City of Lubbock Water -Sewer -Electric (Water)
Y Fund. -
AND IT IS SO ORDERED,
Approved and passed by the Commission this 28th day of July, 1955.
M RE LL R. TR. ayor
ATTEST:
La enia Lowe, C' y Secr tary-Treasurer
i
We the undersigned, L. A. Purtell and Hazel Purtell, are famil-
iar with the facts stated in the foregoing resolution, we acknowledge
payment by the City of Lubbock in full as stated therein and hereby
release the sum EIGHT THOUSAND EIGHT HUNDRED SIXTY-ONE
AND 90100 ($8,861,90) DOLLARS to the City of Lubbock, and join
the City in directing the escrow agent to pay said sum into the City
of Lubbock Water -Sewer -Electric (Water) Fund. We acknowledge
payment of an equal amount from funds other than the escrow fund.
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