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, , � <br /> BUtL.DING PERMtT ESCROW A6REEMENT <br /> Orono Bui�lina Rs�nit�46-01444 and <br /> Land t�s �16,�758 <br /> �n a <br /> �►aREEMENr made mis �' d at �ew�i�w-�r <br /> . 201�, bY snd betv�en the CITY Of CaGNO, <br /> a Mi►u�asota municipal o�por�tlprt{'CttY")d,lohn Crndy 8owlsby("Qwners•). <br /> � <br /> 1. A buildin9 Pertnit�p�icatian h� been filed 'f�r �l�s to tf�e exis�ng houea loc;abed at 10?,5 <br /> Sprenp H8!R,oad the('Sub�c:t Prnperty�),�galN desaibed on Exhib�A,atbu�ed. <br /> 2. th�mers requast tt�Ctt�►to t�vlew this appik�tion. <br /> 3. Ths C�y wiil�rnmence i�s revisw of tt�e appiication and incur co�ts ��oc�ated wilh aaid review <br /> oMy iF ihe Owner�tabl�hes art escxnw to er�re reim�t bo the City aP i�a o�ta. <br /> NOW'IHEREFORL,THE PAR�IES AGREE AS F4LLOWS: <br /> 1. DEP�SR OF ESt�tO'W FUNDB. Contemporaneously with tl�e e� ef thie Escrotiv <br /> AA����nwrt�s shsll deposit S2�St10 v�ith the City. AN�aved inbsr+sst, if any,shaN bs p�id to tl�e Clty to <br /> Cily fa'�s c�ost in admirtis6ering the�v acoourrt. <br /> 2. PURPbSE O�E�CRpM►,-�p��of the ee�ow�bo guaratttse r+eim�n�rrrerrt tio#he City <br /> fnr atl out-ot-poc�c�t c�ts ttre City has incx�med (i�dt�ing pianning, engirreerin9� tn ex�ss af �500, ot leg� <br /> c�or�ulterrt revie�r) or will �cur in revkwin9 ths plan. EHgib� �penses shall be oor�t�nt vWth e�es the <br /> �would be re�+pan�ible for'under e building pe►mIt appli�n.l'he escx+avv will alao guara�s ra�r�u�� <br /> fio the Ciyt f�all out�#-pqdt�o�ttte C�y h�hrourred to�ure�tlte vw�ork is+pompleted in acootdenoe wilh <br /> ths Storntwatar Pcllutbn Pteventi�Plan�the pbv�io�of Orono City Code Ct�?9.The flnandal security <br /> may atso be usad by the C�jr M eHminafie any t�azardais con�ia�s associeted with tFre work and��pair arry <br /> darrre�e bo�pubNc prop�r or tnirastruuoriu+e that is c�wwsec! by tl�work{indud�0 �nn <br /> o�or�ltant ro� asaocia�6sd with �Ndhp psnnit �16-014�4 and I�nd �r �� elcatlon M�1�T3�ift <br /> t�mpiianc�t�vtth the app�cved buiiding p�omtit is�ot aocomplish�. <br /> �. MONTHLY BIWNO. Aa ths City rec�efires o�sultant bNls tsor incumed cx�sffi, the C�y wiil �ium <br /> send a WII b��s Owners. Owners�II be reaponsible ior payment�the Cit�r wi#�n 90 daya of the th�ners'r+eo�ipt <br /> of bAl. <br /> �. D{SBUR�E'MENT FI�Y ESCROW ACCOUNT. In tl�e ev�t timt fhs�v�s do not rr�ke paymont to <br /> tl�e Cily v�n tha�nwiname oudined tn�3 abcve, shall lesue a Stop woric O�ur►tll the C�wners pay a0 e�q�s <br /> irivoioed�tQ�3. 11�C[t�r n�r draw from the escrow ac�ourrt wiifwut further ap�of the O+nrnets�o�mbtass <br /> ��b�'���penses It1e Gty 11ra inp.�Red. <br /> 5. CLOStNQ ElCRCW. The Balance on depo�it in the esa+ow,if any�shali bs ceturtred bo the pwnera <br /> Mfien�e ro+rievv f�ae�compkbed�d w�no�on is rec�v�trom V�e Ownaa r+a4ue�ing ths fun�b. <br /> i. CERTiFY UNPAlD CHARGEB. If fhe prajed fs a!� by�vr�ers,a�if ths eli�lbie expenses <br /> incurred by the City e�xc�eed the amaint��v, tha CCityy shali ha�e �ht ta oerMy the unpafd balarx�s to the <br /> subjed pr+cpeity pursuant bo MMn. Stat.§�415.01 and 38d"012. <br /> CITY: Ci7Y OF ORONO <br /> � �� � <br /> By:� <br /> it�: �Qh �� <br /> '"�"�"������`;'g� ' <a�,�� o��� �o ti <br /> - c�m.r ca�r s�it�s � <br />