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ZONlNG PERMIT ESCROW AGREEMEj�i7 <br /> OronoZoningPermit# 0�0//-OCJ/(c� <br /> AGREEMENT made this�day of , 2D/�, by and between the CITY OF ORONO, <br /> a Minnesota municipal corporation("City°)and �,��n ��� �.-.M,� S�n�S ("Ovs+ners"}. <br /> --7 <br /> Recitafs <br /> 1. A buildin permit applicafion has been filed for a zoning permif for a prope located at <br /> 13�Ig �+-�t�'+ G�f IMbJ�/ldl,unni ss3�`h� "Sub ect Pro e g y � � <br /> ( � p rty"}, le all described as L +- i� (2v_5t P+ �n1Z <br /> t-iennepin County Minnesota. <br /> 2. �wner requests the City to review this appiication. <br /> 3. The City wii!commence its review of the application and incur costs associated with said review <br /> only if the�wner estabEishes an escrow to ensure reimbursement to Ehe City of its costs. <br /> NOYV THEREFORE,THE PARTIES AGREE AS FOLLOWS: <br /> 1. QEPOSiT OF ESCROW FUNQS. Contemporaneously with the execution of this Escrow <br /> Agreement, the Owners shall deposit $ Z�—with the City. A!i accrued interesf, if any, shall be paid to the <br /> City to reimburse the City for its cost in administering the escrow account. <br /> 2. PURPOSE t)F ESCROW. The purpose of the escrow is to guarantee reimbursement to the City <br /> for all out-of-pocket costs the City has incurred (including p{anning, engineering csr legai consuliant rev'tew)or wili <br /> incur in reviewing tfie pfan. Eligible expenses shall be cansistent witfi expenses the Owners would be responsible <br /> for under a zoning permit application. The escrow wilt also guarantee reirnbursement to the City for ati out-of- <br /> pocket costs the City has incurred to assure that the work is completed in accordance with the Stormwater <br /> Poliution Prevention Plan and the provisians of Orono City Code Chapter 79. The financial security may also be <br /> used by the City to elimi�ate any hazardous conditions associated with the work and to repair any damage to <br /> public property or infrastructure that is caused by the work (including planning, engineering, or legal consultant <br /> review) associated with zoning per�►it# 0�0�!-OU��3if compliance with the approved zoning permit is r�ot <br /> accomp(ished. <br /> 3. MONTHLY BtLLtNG. As the City receives consulta�t triils for incurred costs, the City will in turn <br /> send a bi11 to the Owners. Qrn+ners sha#i be responsible for payment to the City within 3C1 days of the Owners' <br /> receipt of bill. <br /> 4. DISBURSEMENT FROM ESCROW ACCOIlNT. In the event that the Qwners do not make <br /> payment to the City within the timeframe ouflined in#3 above,shatl issue a Stop Work�rder untit the bwners pay <br /> atl expenses invoiced pursuant to#3. The City may draw from the escrow account without further approval of the <br /> Owners to reimburse the City for e(igible expenses the City has incurred. <br /> 5. CLOSING ESGROW. The Balance on deposit in the escrow, if any, shall be returned to the <br /> Owners when the review has been completed and wvritten notification is received from the Owners requesting the <br /> funds. <br /> 6. CERTIFY UNPAIQ CHARGES. If the project is ebandoned by Owners, or if the eligible expenses <br /> incurred by the City exceed the amount in escrow, the City shaA have the right to certify the unpaid balance to the <br /> subject property pursuant to Minn. Stat. §§415.01 and 366.012. <br /> CiTY: CITY OF ORONO OWMER: _ � <br /> By: ��- _ jl(�S <br /> Its: �-;� c..... t_ \� : ��c.�o r �'� <br /> ' ����;t��ti' ` �'. `�r;;,�.�,������t� .; '1�����Fi�e <br /> i <br />