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1 I <br /> TEMPORARY CERTIFICATE OF OCCUPANCY <br /> ESCRCriV AGREEMENT <br /> Orono BuOding Permit#M3 <br /> AGREEMENT made Ihb 5 day of 20j8L by and between Oe CfTY OF <br /> ORONO,a Mlnnasolm municipal corpmalleon(may")Ad Brant iii Nancy So dsont(-Ow an-), <br /> Regilleft <br /> 1. Coratruclion of the now nmMence located at 760 Tonkawm Road the subject <br /> Property,. Itchy described as Lot 13. Porten's Point 1" Division in Orono, Hem s& <br /> County Minnesota, Is the subject of buikRtg per"application nurnber 2013-00980 has <br /> been completed. <br /> 2. Waiter cendilions urrenty pmhbk oompletion of exterior bnproesrnents, final gmcl% <br /> and vegetation eshblisftent. An awbuilt survey carrot be accurately conducied at this <br /> time. <br /> 3. Owners request the City Issue a temporary re "llcMs of ocupency ('TCO') to the <br /> Owners so that the Owners may occupy tits new reslderroe. <br /> 4. The CRY w8 Issue a TCO only N the Owners establish an escrow to ensure oanpletion of <br /> extafor k proverttenb,oonl meliort of erosion conbol and subm ilml of an am4xM survey <br /> to the City. <br /> NOW THEREFORE.THE PARTES AGREE AS FOLLO1118: <br /> 1. DEPOSIT OF ESCROW FUNDS. Conternponnsously with the execullon of this Escrow <br /> Agraernent,the Owners shall deposit=10,000 with the City. AN accrued interest,N eny,shall be paid to <br /> Via City is reirnbur a On City for Ils cost In administering Ore escrow account. <br /> Z PURPOSE OF ESCROW. The purpose of the am= Is to assure compiedon of any <br /> exterior bnprovements.final gmdhtg, selablishment of vegnlatlon as wall as guaranine raimbursernerrt lo <br /> On City for all out-ot:podat costs the City has incurred NdLWinB platting, errgineerbng, In ercoess of <br /> 3500,or legal consultant revlat or alp Ir ur In reviewRtg the pian.E ible expenses shall be consistent <br /> wb expenses to Owners would be responsible for under a bolding Permit applicattlorh.The escrow will <br /> also guarantee reimbursement io to City for all ouW-pocket costs Ots City las Incurred io assure Oat <br /> the work is compleied in accordmtoe wilh the Sk m vdw PcOullon Preven*m Plat and to povidone of <br /> Orono City Code Chapter 79. The fUarcdal seurfly may also be used by the City to aftkafs any <br /> hasaudow condillom associated with the waft and to repair any damage to public property or <br /> iMrasructun that Is caused by the work PmIuding plennUtg, engirteering, or legal coretdmmt reviaw) <br /> associmied with building penMt M13.00690 N complonce vAh the approved bullddtg permit Is not <br /> 8. MOMHLY MUM. As the City receives cormuliont bib for incurred costs,Oa City will <br /> In tum sand a bill to the Owners. Owners Shap be responsible for payment to the City Wddn 30 days of <br /> the Owners'receipt of bill. <br /> 4. DlilSUROMMENT FROM NO==ACCOUNT. In Ow event that Oe Owners do not make <br /> payment lo to City wilMrt the thnsi . ou linsd In 83 above,shell issue a Slop Weak Order until the Owners <br /> pay ail s pensee invoiced pwaumht to$3. The City msy draw from the esaow acca ttwillhohd further approval <br /> of tie Owners to reirnbtsse the City for eligible a,;l sea rte Cir hes incurred. <br /> L ANG ESCROW. The Bohm on deposit in to escrow,N any.shell be ratumed to <br /> the Owners when tie review has been compleiad and wrllben notillellon Is received tram to Owners <br /> regtaeetlng One funds. <br /> tee4r� <br />