My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2015-01223 - escrow fee
Orono
>
Property Files
>
Street Address
>
S
>
Shadywood Road
>
2264 Shadywood Road - 17-117-23-43-0124
>
Permits/Inspections
>
2015-01223 - escrow fee
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/22/2023 3:43:06 PM
Creation date
10/4/2018 12:15:08 PM
Metadata
Fields
Template:
x Address Old
House Number
2264
Street Name
Shadywood
Street Type
Road
Address
2264 Shadywood Road
Document Type
Permits/Inspections
PIN
1711723430124
Supplemental fields
ProcessedPID
Updated
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
2
PDF
View images
View plain text
► . . <br /> LAND USE APPLICATION ESCROW AGREEMENT <br /> Application# 15 - 3--Z g'-� <br /> AGREEMENT made this 18`�� day of � 20 IS , by and between the CITY OF <br /> ORONO, a Minnesota municipal corporation ("City") and <br /> [a corporation-optionalJ ("Owners"). <br /> Recitals <br /> 1. Owners have filed Zoning Application# �S - 3-1$-1 formally requesting the City to <br /> review plans for a i <br /> located at the property addressed: <br /> (the"Subject Property") legally described as <br /> 2. Owners request the City to review said plans which requires City approval and may require <br /> consulting legal and/or engineering review. <br /> 3. The City is willing to commence its review of the application and incur costs associated with said <br /> review only if the Owners establish an escrow to ensure reimbursement to the City of its costs. <br /> NOW THEREFORE,THE PARTIES AGREE AS FOLLOWS: <br /> 1. DEPOSIT OF ESCROW FUNDob Contemporaneously with the execution of this Escrow <br /> Agreement, the Owners shall deposit$ �I�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 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, or legal consultant review) or will <br /> incur in meeting with the Owners, reviewing the plans, and preparing agenda packet material for City Council <br /> review of application#� - ����'� . Eligible expenses shall be consistent with expenses the Owners <br /> would be responsible for under a land use application. <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 outlined in #3 above, shall cease all reviews until the Owners pay all <br /> 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 all requirements related to the project are complete. City Staff shall review the terms of this escrow <br /> agreement two times per year to determine whether the requirements of the project have been successfulty <br /> completed and whether it is appropriate to return the funds. Owner may also request the release of the funds, <br /> and such funds shall be released upon City Staff receiving the appropriate verification that all requirements of the <br /> project have been successfully completed. <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 /> sub' erty pursuant to Minn. Stat. §§415.01 and 366.012. <br /> CITY: CI RONO OWNERS: <br /> By: By. <br /> .,- <br /> ics: C its: �tU n ��' <br /> � <br /> (�����;,. .� ,:��'�� ��". �� .�.�;.w... ���`'�,`�:�� �.��:: ��' ,, ;�.;I� <br /> Packet Last Updated.• January 2015 <br /> Page 10 <br />
The URL can be used to link to this page
Your browser does not support the video tag.
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).