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20071105 - VI-07
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20071105 - VI-07
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3/11/2009 1:53:13 PM
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3/11/2009 12:47:09 PM
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EXIiIBIT B <br />Terms of Financial Settlement <br />A. Costs paid by HRA from Sherman's escrow account <br />$70,500.00 Total of Sherman's deposits in escrow 2004 - 2005 <br />$98,998.98 Consultant & legal fees, demolition, grading costs paid <br />$28,498.98 Balance due to HIZA escrow account by Sherman <br />B. Costs reimbursed from escrow account to Sherman <br />$21,800.00 Block 1 demolition: reimburse per agreement if land not sold. <br />$8,595.00 Townhouse proposal consultants: reimburse per HRA direction <br />$30,395.00 Due to Sherman <br />C. Title and site costs paid directly by Sherman, reimbursed by HRA per agreement <br />$62,413.00 Block 1 title work, ALTA survey and plat <br />$500.00 Grading on Block 1 <br />$62,913.00 Due to Sherman <br />D. Settlement <br />Sherman pays HRA: $28,498.98 <br />HRA pays Sherman: $93,308.00 <br />
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