2017-01234 - escrow fee - Laserfiche WebLink

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� � 3. MONTHLY BILLING. The City wili monthly forward to the Owner a statement and bili for the expenditures incurred by the City fo�staff and consultant services. Such statements shall be due and payable within 15 days for recQipt by the Owner. No statement wili be sent if there are no expenses incurred in the period since the most recent statement. The City shall itemize all time, services, and materials billed to any Owner and said time, services, and materials shall be in accordance with the rules, regulations, and fees as promulgated and adopted by the City Council. 4. DISBURSEMENT FROM ESCROW ACCOUNT. in the event the Owner dces not make payment the City as required under paragraph 3, the City may draw from the Escrow without further approval of the Owner to reimburse the City for eligible expenses the City has incun�ed. The City shail periodically notify the Owner of the draws the City has made and the nature of the expense for which the reimbursement is being made. 5. REIMBUR8EMENT OF ESCROW. The Ovmer shall r�eimburse the Escrow fund for any deficits caused if the amount actuaily expended by, or bilied to,the Ci.ty exceeds the escrow fund balance. 6. RIGHT OF ENTRY. • Zonin�. This section is not applicable. • Buildina. This seotion is not applicable. • Accessorv Structure. The Owner hereby grants the City, its agents, employees, offlcers and contractors the right to enter the property to remove the acoessory building(s) should the Owner not complete the removal obligations in Orono City Code Sedion 78-1432. ■ IST . The Owner hereby grants the City, its agents, employees, officers and contractors the right to enter the property to perform all work and inspections deemed appropriate by the City in conjunction with replacement of the septic system, induding but not limited to conshucting or completing any and all of the agreed upon improvements should the Owne� not compfete those improvements by the date agreed upon. ■ T�maorarv Cerqflcate of Oocuoanc� This section is not applicable. 7. NO INTEREST PAID. All accrued interest, if any, shall be paid to the City to reimburse the City for its cost in administering the Escrow account. 8. CLOSING ESCROW. When the review has been completed or the project has been completed, the balance of the Escxow, if any, shall be retumed to(check one): �Owner o Applicant ❑ Other Na e: INOf;�(��i. ��U� Street Address/PO Box: Inll7 p,lu Q_ G� .19. Dr .li.ibl City/State/ZIP: iN1�nh� 1rnCe� MI�) ��,��_ 9. CERTIFIED UNPAID CHARGES. If the ApplicaUon is abandoned by Owner,or if the etigible expenses incurred by the City exceed the amount in Escrow, the City shall have the right to certify the unpaid balance to the Subject Property pursuant to Minn. Stat. §§415.01 and 366.012. 1N WITNESS WHEREOF,the undersigned have executed this Agreement as of the day and year first above written. CITY OF ORONO: OWNER(s): BY: ��W;U 1^ BY: � � Y� �c��.�— January 2017 2