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ZONING PERMIT ESCROW AGREEMENT <br /> Permit#2013-00332 <br /> AGREEMENT made this -ZcPk--day of -J 2Q_I.3 by and between the CITY OF ORONO, <br /> a Minnesota municipal corporation("City")and Kristen And rson ("Owners"). <br /> Recitals <br /> 1. A zoning permit application has been filed for a property located at 3850 Watertown Road the <br /> ("Subject Property"),legally described as Lot 1, Block 1, Hillaway Farm, Hennepin County Minnesota. <br /> 2. Owner requests the City to review this application. <br /> 3. The City will commence its review of the application and incur costs associated with said review <br /> only if the Owner establishes 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$2,000 with the City. All accrued interest, if any, shall be paid to the City to <br /> 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 reviewing the plan. Eligible expenses shall be consistent with expenses the Owners would be responsible <br /> for under a zoning permit application. The escrow will also guarantee reimbursement to the City for all out-of- <br /> pocket costs the City has incurred to assure that the work is completed in accordance with the Stormwater <br /> Pollution Prevention Plan and the provisions of Orono City Code Chapter 79. The financial security may also be <br /> used by the City to eliminate any hazardous conditions associated with the work and to repair any damage to <br /> public property or infrastructure that iscaused by the work (including planning, engineering, or legal consultant <br /> review)associated with permit#2013-00332 if compliance with the approved zoning permit is not accomplished. <br /> 3. MONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will-in;tum <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 payment <br /> to the City within the timeframe oWined in#3 above,shall issue a Stop Work Order until the O%uners pay all expenses <br /> invoiced pursuant to #3. The City may draw from the escrow account without.further approval of the Owners to <br /> 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 and written notification is received from the Owners requesting the <br /> funds. <br /> 6. CERTIFY UNPAID CHARGES. If the project is abandoned by Owners,or if the eligible expenses <br /> incurred by the City exceed the amourit in escrow, the City shall have the�iiyl'it to cortfy the unpaid balancc to the <br /> subj pro pursuant to Minn. Stat. §§415.01 and 366.012. <br /> CITY: C O OWN R: <br /> By: dl' <br /> Its: <br /> #gat eotal sez +t gira8ir W-1-111-11t �,' . tst►-t t 1e <br /> f <br /> i <br /> 3 <br />