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Dist, Agmt, No, 4-1028-EA <br /> <br /> (3) CITY is the beneficial owner of all fGnds held by <br />ESCROW AGENT and CITY is entitled to receive any and all interest <br />which may accrue thereon, <br /> <br /> (4) CITY agrees to pay directly to ESCROW AGENT all <br />fees, expenses and charges for services rendered, <br /> <br /> (5) All charges by ESCROW AGENT are to be billed to <br />the CITY. At no time will charges be applied to CITY's deposited <br />funds in this escrow, <br /> <br /> (6) This Escrow Agreement shall be binding upon and <br />shall inure to the benefit of the successors and assigns of the <br />parties hereto. <br /> <br /> (7) The parties hereto recognize and agree that sepa- <br />rate counterpart signature pages may be used but that all such <br />pages shall constitute one and the same agreement. <br /> <br />DATED: <br /> <br />STATE OF CALIFORNIA BANK OF AMERICA <br />Department of Transportation <br />LEO J. TROMBATOPE <br />Director of TransportatioD <br /> By <br /> .~- Escrow Agent <br /> <br />By Attest: <br /> Deputy District Director Notary Public <br /> <br />APPROVED AS TO FORM AND PROCEDURE <br /> <br /> Attor-~v <br />Department of Transportaticn <br /> <br /> <br />