Chaska Economic Development Authority Agenda March 2026
Escrow Agent to Release Funds in Settlement Agreement
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Description
Old Republic National Title Insurance Company, as Escrow Agent, will release $200,000 to Lariat Companies per the settlement approved by the EDA, resolving longstanding escrow litigation for the Chaska Building Center site.
Contract Details
Contract Amount
$200,000 (escrowed funds to be released)
Vendor
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
Agency
City of Chaska, MN
Contract Type
FINANCIAL_SERVICES
Document Date
March 15, 2026
Contract Term
Escrow Agreement dated March 21, 2023; Settlement Agreement executed February 13, 2026
Renewal Date
2026-02-13
Renewal Info
Served as escrow agent under 2023 Escrow Agreement; settlement in 2026 closes escrow responsibilities.
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