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6. Closing Escrow. The balance on deposit in the Escrow Account, if any, will be returned <br /> to Builder when the Project has been completed and approved by the City. <br /> 7. Incorporation of Recitals and Exhibit. The parties agree that the Recitals made at the <br /> beginning, and the Exhibit attached to this Agreement,' of this Agreement are true and correct, <br /> and, by this reference, are incorporated into this Agreement. <br /> IN WITNESS WHEREOF, the parties to this Agreement have executed and delivered this <br /> Agreement to be effective as of the date signed and executed by the last party. <br /> [signature page follows] <br /> 3 <br /> 227228 <br />