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� � ����lJ�'�.L1 <br /> DEMOLITION AND BUILDING PERMIT ESCROW AGREEMENT �/ c, _1 , � <br /> Orono Building Permit Application#2010-00336 L��b F <br /> AGREEMENT made this�day of ��1cc� , 20L, by and between the CITY OF ORONO, <br /> a Minnesota municipal corporation ("City")and Steven . Dore ("Owner"). <br /> Recitals <br /> 1. A building permit application has been filed for demolition of the existing residence and <br /> construction of a new home located at 2172 Shadywood Road the ("Subject Property"), as more fully shown and <br /> described on Exhibit"A" attached hereto. <br /> 2. Owner requests the City to review this application. <br /> 3. The City will commence its review of the application and incur costs associated 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$2,500 with the City. All accrued interest, if any, shall be paid to the City to <br /> reimburse the City for its cost in administering the escrow account. <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 planning, engineering, in excess of $500, or legal <br /> consultant review) or will incur in reviewing the plan. Eligible expenses shall be consistent with expenses the <br /> Owners would be responsible for under a building permit application. The escrow will also guarantee <br /> reimbursement to the City for all out-of-pocket costs the City has incurred to assure that the work is completed in <br /> accordance with the Stormwater Pollution Prevention Plan and the provisions of Orono City Code Chapter 79. <br /> The financial security may also be used by the City to eliminate any hazarr����^ -- '� associated with the <br /> work and to repair any damage to public property or inf���+-•�-� (including planning, <br /> engineering, or legal consultant �o,-���-' ompliance with the <br /> approved bui�^'°-- <br /> 3. Q � � <br /> � �-�� (i�Q� 1 the City will in turn <br /> send a bill to ���S �S�U,J �S /� �1� �—(�j 1 �ys of the Owners' <br /> receipt of bill. ��`� � 'J�� (�J �/ � <br /> li <br /> 4• � ` � �,�� ��5� �ot make payment <br /> to the City withi c s-�'�v e��� . � pay all expenses <br /> invoiced pursu� � C� � of the Owners to <br /> reimburse the C �� �t� � �(��3 � <br /> 5• � � returned to the <br /> Owners when tr .� � �� �'"� � s requesting the <br /> funds. �L �' � <br /> 1f <br /> �� <br /> 6• � � 1 �gible expenses <br /> incurred by the C _.., .,�� unpaid balance to the <br /> subject roperty F _ ._. <br /> CITY: CI F�Gr�NO OWNER: <br /> By. S'1 E✓� �o �'c � �—�l1,(i <br /> Its: ��3 D C�-^^'3�Q a ���� 1 1 <br /> (� ��S� ,�1^"� �Sr�-2(p <br /> ��,�;,��gmal to Fi�an�e Depar#ment=' "� �o 'to Stxeet F�e <br /> �.�!?�.�.,�l�,Y�.�,a•. ''._. __ .�.. . ..._ `�.�Q,_._pY, <br />