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LAND USE APPLICA7iON ESCR0IN AGf�EIAEN'f <br /> APP�Ication� � <br /> AGREEME�IT rr�ede thle,�3`ds�►af� M'Ir.+�t�. ► 20�, by end beiweBn tlta CITY OF <br /> ORONO,a �nesota munic�pe�l oorpo�C`Cit��d <br /> Ia carp�etian—oPm►onetl C m7. <br /> '1. �rs have f�ed Lsnc�tJse A�on# fotmailY requestln9 the C�qr to revie�w plaris <br /> fiar tite prvp�ty add�eaed:�"�'�► 1�+�►M�Lsr�i1���w+4� (the 'Subjed Propett� I���y <br /> desaibed as unslw�a�Ito ss ��� ��t -�s �„�.r .,�,w.� �s ar� .�.- s� �w.s,Y� �s� .� � <br /> L1/+`w� � �i ebs�t,.�1 1�� �1'Mlrl� �.�K.ddr �Aw� <br /> 2. Qwr�ers r�equest the C�ty to nsvie�uv said plans whictt requUes City epprova{ a�d maY nequine <br /> oonsuf�np iaBai endlor enginee�ing re�riew. <br /> 3. The Gty M wNIM�10 oommer�ce ita revlew�fi the appUcx��on and Irx�oo�ts e�oci�ed wMh eaid <br /> rev9ew ony If the Owners esf�blish an e�xow to enstme relmbtmsemet�to ihe City af lt��. <br /> NOYY THERE�ORE,'THE pART1ES�1GREE A8 FOLLOWS: <br /> 4. DBP�SfT OR l�CROW FUNDS. CanE�nporar�eouely wlth tl�s eoced.�6on o# ltds Eea+ow <br /> A�+eeme�,the Owriers shell dep�lt i" �►'ee wdh the Cit�r. AN aoonied iriteres�t€e�ny.�hall be paid�the <br /> (�ty b reirrtMmee t�te C�y for Ms ooet in adml�is#ering the e�row acoaant <br /> Y. Pt�RAOSL�@SCROhIV. The purposs�the�►is to guarantee r�eimburs�neht b�tlte C�ty <br /> ior all out-�f-Poc�cet c�tl�e qty hes tncurred(k�ok�ing pla�lr�g.er�gin�in��or te8at c�nsu)f�nt rev[ew)o�wi� <br /> lnan In � with tha Ownera, revkev�hS the l�� and PrePedn9 a�nde p�cioet mat�ial fc�r criy Cetxxdl <br /> r+evlerw of Lend Uee Appltca�on��_,. �qgbte e�she�l be cx�nedebetrt w�h eo�a�e�ths� <br /> woc�d be re�or�ia for au�der a lend use appNc�tion. <br /> 3. MbNTHLY B�.LN�i. A��e(.�q►rec�ives c�n�t biBs for lnaared costs�1he Clty w�#��rn <br /> send a bdl to the Ovme�s. Ou�rtt�s sheR be r�esporasible for payfnerrt to tha CRjr wMhb� 30 dsys of�e Qwr�ers' <br /> reoelpf vf 6ill: , <br /> 4. DI88UitSEN[ENT FROM eBCROIAI ACCAUM'. In tl�e ere�t 8� ths ONm�r� do not tnske <br /> pa_ymerK t��ts CUy wlNtbt the ikna[r�eime auHined� �3 ebove,sheli c+aase a� reviaws t�til the Ownels�y.e1i <br /> axpenses inwiced p�atieM to�13. The Cl�jr may draw iran �e eacrow aocaur�t v�out turUter aPPnoval of 1Fie <br /> Owners�o reimbt�rse�e C#y�r elig�le�ucpe�ths t�qr has Incxirred. ' <br /> 5. CI.CSINO EBCR�W. The Belmnoe oa deposk in !be escrow. if any� shail be retumed to Ihe <br /> Ouintere wMn sR�requirements nelaled to the pra�oct are aomplete. City S'teff shaaA rovie�w tlte benns ofi ihis eeaaw <br /> agr�eement two �rnes per y�ear ta dert�mine whether the requ�ements of tl�e p�aJect he�ne been su�ll�r <br /> c�mpiefied arid vrhefher�1s ap�'ro�1atB b net�pzl Ule lunds. Owt�er may aleo r�equest the�elease o�f the�unds� <br /> and�funds shall be rois�d�on C�r Sta�reaetWn9��P���11oR ths�t ap�qulremerrts af the• <br /> Pro�Ot heus been�MY canp(ebsd. <br /> 8. CERTiF 1f UNPAID CFUIRAE8. lf ths pn�jeat Es abandor�ed by OwnerB�or if the eN�ble e�snsee <br /> Incumed by�e C1ty eoxeed the arnount in escnow.the City shelf haVe the H�hE to c�erdfy the unpald ba�noe to the ' <br /> aubJec#�roperly pursuant to Minn.StaE.§§415.Oi and 366.012. <br /> CITY: CI'IY'OF OR�NO �ptg• . <br /> By. � <br /> �: ,�: <br /> �/-.�'`Is� . <br /> ; <br /> ��4�hR . �4-�r�.m�o.:�,c�: ��►��r� �� :��#ov,�m�� � <br />