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. � . ►w� �� A� � <br /> � ' dIJILY11Y�11 1'CI'{MI I C1{..1'[V W A�711'itCMCIV 1 <br /> Orono Bullding Permit#2014-00627 <br /> AGREEMENT made this �6�day of��� 20t L� by and between the CITY OF ORONO, <br /> a Minnesota municipal corporation ("City") Daniel 8 Erika G brandson ("Owners"). <br /> Rec Is <br /> 1. A building pennit application has been filed for a remodeling in an existing accessory structure <br /> including plumbing (sink and toilet) located at 1480 Sixth Avenue North the ("Subject Property"), legally <br /> described as Lot 1, Block 1, Douglas Estates, Hennepin County, Minnesota. <br /> 2. Owners request the City to neview this applica�on. <br /> 3. The Ciry 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 tt�e 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 shatl deposit$700 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-0f-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�e 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 hazardous conditions associated with the <br /> work and to repair any damage to public property or infrastructu.re that is caused by the work(including planning, <br /> engineering, or legal consultant review) associated with building permlt #2014-00627 if compliance with the <br /> approved building peRnit is not accomplished. <br /> 3. MONTHLY BILUNG. 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 OHmers do not make payment <br /> to the City within the timeframe outlined in#3 above, shall issue a Stop Work Orcter until the Ovmers pay all expenses <br /> invoiced pursuant to #3. The City may draw from the escrow account without further approval of the Owners to <br /> reimburse the City for eligible expenses the Ciiy has incuRed. <br /> 5. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be retumed 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 successfully <br /> completed and whether it is appropriate to retum 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 /> subject property pursuant to Minn. Stat.§§415.01 and 366.012. <br /> CtTY: CITY OF ORONO OWN : <br /> By:���1�1�►�"�-' <br /> it�:� � <br /> ., m. - n... ..... . ..-n. .. a. v3'. ;'Rbr.���� f �.-. ,pg•'�F����' .. .'��� �O <br /> �l�:� '��°�..� '.��.� <br />