2013-00798 - escrow fee - Laserfiche WebLink

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� BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit#�2015-00637 Zoning Permit#2018-00638 AGREEMENT made this �`�*day of � , 2013, by and between the CITY OF ORONO, a Minnesota municipal corporation("City"}Tom&Susan Fleming(4VW�IBPSp). Recitals 1. A building peRnit and zoning permit application has been filed for an arbor and landscaping located af 300 Stubbs Bay Rosd North the("Subject Propert�'), legalty described as Lot 1, Block 1, Tamaradc Hiil, Hennepin County Minnesota. 2. Owmers request the City to review this appiication. 3. The Clty will commence its review of the appiication and incur costs associated with said review only if the Owner estabfishes an escrow to ensure reimbursement to the City of its costs. NOW THEREFORE�THE PARTIES AGREE AS FOLLOW3: 1. DEP031T OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow Agreement, the Ovmers shall deposit$2,50Q with the City. All accrued int�rest, if any, shail be paid to the City to reimburse the City for its cost in adrninistering the escrow account. 2. PURPOSE OF ESCROW. The purpose of the escrow is to guarantee reimbursement to the City for all out-of-pocket costs the City has incurred (inciuding planning, enginee�ing, in excess of �500, or legal consultant review} or will incur in reviewing the plan. Eligibte expenses shai! be consisterrt with expenses the Owners would be responsible for under a building permit appi�adon. The escrow will also guarantee reimbursement to the City for ail out-of-pocket costs the City has incum�to assure that the work is compieted 'm accorcfance avith the Stonnwater Pollution Prevention Plan and the provisions of Orono City Code Chapter 79. The financial security may aiso be used by the City to eliminate any hazardous conditions assoaated with the wark and to repair any damage to public property or infrastructure that is caused by the work(including planning, engineering, or legal consuttant review) associated wwith buitding permit #2013-00637 and zoning permit #2013-00838 if compliance with the appreved building permif is not accomplished. 3. MON7'HLY BILLING. As the City receives consultant bills for incurred costs,the City will in turtt send a bill to the Owners, Owners shall be responsible for payment to the City within 30 days of the Ownets' r�ipt of bill. 4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Owners do not make payment to the City within the timeframe outlined in#3 above, shall issue e Stop Wortc Order until the Ovmers pay atl expenses invoic�d pursuant to #3. The City may draw from the escrow accourrt witi�out i�xther approval of the Oamers to reimburse the City for eligible expenses the City has incurred. 5. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shaN be retumed to the Owners when the review has been completed and written notification is reoeived from the Owners requesting the funds. 6. CERTIFY UIdPA1D CHARGES. (f the projecf is abandoned by Owners,or if the eligible expenses incurred by the City exceed the amount in escrow,the City shall have the right to certify the unpaid balance to the subject.prapet�y pursuant to Minn. Stat §§415.01 and 368.012. CITY: CITY �� OWNER: � , By. ; � Its: ��a+'t, ��ef'K-t h�,