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r , <br /> LAND USEAPPLlCATtON�I�DW���NT <br /> APplkedon�,�'' <br /> AaREEAIENT m�thb�dey ot �l'C/I * � by and betw�en t#� CRY OF <br /> ORONO�a M�o�a municip��CC��d___L��c�0/'lh��1/1 <br /> . <br /> [e caporatton—cAtia►�fl CQ�mers"j. <br /> � <br /> 1. Owners have ted La Use Io�1on�fprntely reque�tng the Ciqr bo review pl�s <br /> tar the prope�ty a��� , (ths "Subjact Propefi� teBaMy <br /> described ss ►u/t <br /> oonsu�r��� � tl�e C.ity E� tevlew sa� � v� �res Cily appnov� and meY r�re <br /> er�eerin9 review. <br /> 3. The Oily is w��to oomme�a its revlew af tlre e��d Inaer t�s s�aooi�ed wNh seid <br /> roviaw onty if the Owr�s eatab�h en eaorow b ens�s ro6nburssment b tha qry of its oo�ts. <br /> NOW TMEREFORE,THE PARTIES At3REE AS FOLLOWS: <br /> 1. DERO$IT OF EBCRGW . Cont�pon9neously wNh 1hs ex6cutlon of fhi� Eec�r <br /> I�ree+neM,the owr�ers ehaN dep081t: �' � the C.�y. Al!aocrusd#nler�t��if arry.d��be paid to ihe <br /> Ctty�a reimbura�the City for itt co�!In�!he eaa+ow a000uM. <br /> �. PURPO�E OP ESCRQW. Th8 pu(pose af 9�s es�xvw is�ptreranbeet neitnburaen'lent 1+�ttMe Cky <br /> for�I out�f-poalost costs tl�e Gry has incumed(h�tr�p�nr�9,en�neerir�g,or lepsl cor�auttant revbw ar wNl <br /> incur i� m� w� tl�e fhe pN�r�, �nd���Padcet ms�Aal fior C�r Coundl <br /> re�ew of L.erid tlse Ap�on� • �gible��MN b�ca�ent M►Nlt eotper�es�e ClwraaKu <br /> woua be�ie�w�der a isnd eae a�pp�on. <br /> 3. NbNTHLY B�1.ING. �►s tlte C.�ty reaeiv�es consultarN W�s��Cxured aosts,the t�ty wHl in turn <br /> send s bi� ta the Owne�. Oymers shal bs responeible ior ptymeM b Q�e qly vul�f 3Q� o�the Owners' <br /> e�eo��of bNl. <br /> 4. DISBUR8EMEM7 FRO�I! ESCROVY ACCOUNT. h� the event tltat �he Owr►era do not meke <br /> payment to tl�e Cily wl�in tNe�mefrsrne outl�d tn�t9 above� �M c�se aif reviewa uMit the Gvrners pay aq <br /> expens�inv�olced pursuent to#3. The CHy may drativ irom the e�now aaafunt wit�ut furlhs�appraval of ths <br /> Owrtera to c�eimburae the L:Hy i��igibk e�the Gty has hx:umed. <br /> S. CWStNO EBCI�OW. Tt� 8e1� an depoait tn the eecrow. i��Y� shed) be re�umed Eo �e <br /> Owners wh�edt�neMs�wiated to the project a�compiete. Cily Stalt etreil te�feW�te�enns d tl�s eacrow <br /> a�n+� eMo � per yo�to da�amine wF�ter tl�e r��rte a n� prajecc nav�e aaan �veastWly <br /> oompleKed and vrhe�er h is approp�s to retWn the fixtds. Ownar mey a�o roqueet the role�e�tl�e fiu�ds, <br /> and such fun��be retea�ed upon qtY Si�reoe�n8lhe aPProPrta�v�tbn U�at ap�of the <br /> pr�ojed ttav�been�sfuqy oomptetad, <br /> 8. CERTIFY tJNIPAlO CHAR�8. If tlte proJe�t i�ebandor�ad by Owners,o�if the eY��e eocp�tsea <br /> incurt+ad by the Cily exceed the amount k�eecx�ow.the Cily si�havee ths rigt�t�caMify the em�aW ba�nce to the <br /> �Pro�b Pursuarit b Mfnn.Stat.§§415.01 and 96B.012 <br /> CTI'Y: O N ; <br /> By. � <br /> �_ <br /> its: � ,,., its: <br /> �tnsi tM�� - ".: Q pe�Y�l�o Fln1u�Depuhn�t . �Cqy�Zonln�FlN : �I�b etrwt� <br /> �' �e"� <br /> MAR 0 5 2015 <br /> CITY OF OROI�O <br />