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t� - <br /> � <br /> LAND USE APPLICATION ESCROW AGREEMENT <br /> Application# �O - �.,� S� <br /> AGREEMENT made this�day of ,�C� , 20�, by and be �en the CITY OF <br /> ORON , a �nnesota municipal corporation ("City") and � � �� ' c; v, <br /> - ,_ <br /> [a corporation — optionalJ ("Owners"). <br /> Recitals <br /> 1. Owners have f led Zoning Application# %a - �formally requesting the City to <br /> review plans for �l �t�fi 1 I� ►���r't��c c1 •' �'Vt- ��� <br /> located at_;2�R(i �:�,�t � q rY ? �>� ��__ f�d /�r�Y��� lU� 5 5����L, <br /> the"Subject Property") as more fully shown and described on E hibit"A" attached hereto. <br /> 2. wners r�quest the City to review said plans which requires City approval including <br /> S�'� C��t'G�. <br /> 3. The City is willing to commence its review of the application and incur costs associated with said <br /> review only if the Owners establish an escrow to ensure reimbursement to the 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 shall deposit$ �,�'��`PC'with the City. All accrued interest, if any, shall be paid to the <br /> City to 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-of-pocket costs the City has incurred (including planning, engineering, or legal consultant review) or will <br /> incur in meeting with the Owners, revi m the plans, and preparing agenda packet material for City Council <br /> review of application # /D - s���. Eligible expenses shall be consistent with expenses the Owners <br /> would be responsible for under a zoning and subdivision application. <br /> 3. MONTHLY BILLING. 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 Owners do not make <br /> payment to the City within the timeframe outlined in #3 above, shall cease all reviews until the Owners pay all <br /> expenses invoiced pursuant to #3. The City may draw from the escrow account without further approval of the <br /> Owners to reimburse the City for eligible expenses the City has incurred. <br /> 5. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to the <br /> Owners when the review has been 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 /> CITY: CITY R N� OWNEFF3: - ,-'' <br /> r; ,,, � <br /> � �:� � <br /> By: , By: ' ' ' " ,`' <br /> , � _ � <br /> �/ : <br /> Its: � :-C. e By: � <br /> ���:�:��.d'�i�� �ts: <br /> Internal Use Only: 0 Original to Financ��ep��rtm�t, �Copy to Zoning File 0 Copy to Street File <br /> 1.��.�i " I t �.I��� <br /> CITY OF C,RONO <br />