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1985-01-02-R
CITY-OF-BATESVILLE
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1985-01-02-R
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�w 460 <br /> STINSON , MAG & FIZZELL <br /> 2100 CHARTERBANK CENTER <br /> 7500 WEST 1101-H STREET P.0. Box 19251 3745 INTERFIRST TWO <br /> OVERLAND PARK,KANSAS 66210-2329 DALLAS,TEXAS 75270.2171 <br /> (913)642-2900 KANSAS CITY, MISSOURI 64141-2251 (214) 741-2200 <br /> (816) 842-8600 <br /> CABLE:"MADTIM" <br /> TELECOPIER:(816)474-6882 <br /> TELEX:42-4123 <br /> January 9 , 1985 <br /> FEDERAL EXPRESS <br /> Ms. Urba Jean Hutchison <br /> First National Bank, Batesville, Arkansas <br /> 250 South Broad <br /> Batesville, Arkansas 72501 <br /> Re: City of Batesville, Arkansas <br /> Industrial Development Revenue <br /> Bonds - Westport Casuals Project, <br /> Series A and B (the "Bonds) <br /> Dear Ms. Hutchison: <br /> This office represents Westport Casuals, Inc. ("Seller") <br /> in connection with the sale of certain property covered by a <br /> lease between the City of Batesville, Arkansas, as landlord, <br /> and Seller, as tenant. The property involved in the sale is <br /> subject to the indebtedness of the Bonds. We understand that <br /> First National Bank, Batesville is to act as escrow agent for <br /> the purpose of holding the deed to the property from the City <br /> of Batesville to Seller (the "City Deed") . The First National <br /> Bank of Kansas City, Kansas City, Missouri (the "Trustee") is <br /> the trustee in connection with the Bonds . We also understand <br /> that the Trustee has delivered to First National Bank, Batesville <br /> a Trustee' s Release Deed (the "Release Deed") . <br /> This letter, which has been countersigned by the Trustee, <br /> constitutes escrow instructions respecting the delivery of the <br /> City Deed and the Release Deed. <br /> As you know, the City Deed and the Release Deed are <br /> both to be released for recording in connection with the sale <br /> of the subject property, provided that appropriate arrangements <br /> have been made for payment to the Trustee of the amount required <br /> to pay the Bonds . You should deliver both the City Deed and the <br /> Release Deed to or at the direction of Mr. Carl Circo, attorney <br /> ( for the Seller, provided that you have received verbal confirmation <br />
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