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t <br /> ZONING PERMIT ESCROW AGREEMENT , / <br /> Orono 2oning Permit# ���� ' O O (p `t� <br /> AGREEMENT made this ��' � day of u �0/0 , by and between the CITY OF ORONO, <br /> a Minnesota municipal corporation(°City")and ,r rr.�� /e�s-r �,.�,v,�y„>�, �,�rs ("Owners"). <br /> Recltals <br /> 1. A buil�ing permit application has been filed for a zoning permit for a property located at <br /> /9��y�voo.��Pd the ("Subject Property"), legally described as �e;.s 3d�? 3 9 S�00%� �rJr�c/ , <br /> Hennepin County Minnesota. <br /> 2. Owner requests the City to review this application. <br /> 3. The City will commence its review of the application and incur costs assoaated with said review <br /> only if the Owner establishes an escrow to ensure reimbursement to the City of its costs. <br /> NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS: <br /> 1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow <br /> Agreement, the Owners shall deposit $:r 0 °p with the City. All accrued interest, if any, shall be paid to the <br /> City to reimburse the City for its cost in administering the escrow acxount. <br /> 2. PURPOSE OF 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 ptanning, engineering or legal consultant review) or will <br /> incur in reviewing the plan. Eligible expenses shall be consistent with expenses the Owners would be responsible <br /> for under a zoning permit application. The escrow will also guarantee reimbursement to the City for all out-of- <br /> pocket costs the City has incurred to assure that the work is completed in accordanoe with the Stormwater <br /> Pollution Prevention Plan and the provisions of Orono City Code Chapter 79. The financial security may also be <br /> used by the City to eliminate any hazardous conditions assoaated with the work and to repair any damage to <br /> public property or infrastructure that is caused b the work (induding planning, engineering, or legal consultant <br /> review) associated with zoning permit # avi�"DOt��/�f compliance with the approved zoning permit is not <br /> accomplished. <br /> 3. MONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will in turn <br /> send a bill to the Owners. Owners shall be responsible for payment to the City within 30 days of the Owners' <br /> receipt of bill. <br /> 4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Owners do not make <br /> payment to the City within the timeframe outfined in#3 above, shall issue a Stop Work Order until the Owners pay <br /> all 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 eligible expenses the City has incurred. <br /> 5. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to the <br /> Owners when the review has been completed and written notification is received from the Owners requesting the <br /> funds. <br /> 6. CERTIFY UNPAID CHARGES. If the project is abandoned by Owners, or if the eligible expenses <br /> incurred by the City exceed the amount in escrow, the City shall have the right to certify the unpaid balance to the <br /> subject property pursuant to Minn. Stat. §§415.01 and 366.Q12. <br /> CITY: CITY OF ORON pyy� ; � � <br /> B : �..�-- � <br /> Y ���Lv �c�.-- <br /> � \ <br /> {tS: �'�rVG�J(� �crCLFJ�' <br /> .,_ ,.� <br /> ��� �����,� .�`������ �' �w��� reate Permit ist) <br /> �ti'� ��4�!�.�eP�_'�'!'!e"�����'>��.... _.. . . . ....., <br /> _ ,.�.,_.� . _ ��....:....� ��� .�,_,.. ,.._,�., �`t� �°i c <br /> �r k `�Y..,�.� �+�''+:��� a�t� <br /> �������,���gai <br /> K:, w .,.`�a6i€ �'v S:, <br />