Laserfiche WebLink
ZONING PERMIT ESCROW AGREEMENT <br /> Permit# (x/44— (/oZ/O <br /> AGREEMENT made this Olt" day of 00 1 201+, by and between the CITY OF ORONO, <br /> a Minnesota municipal corporation("City")and 1)91 A-N 4, t1't.- VVI L(O X ("Owners"). <br /> Recitals <br /> 4550 <br /> 1. A building permit application has been filed for a zoning permit for a property located at <br /> W DL Vu2 TtV 111-.Pr(,gthe ("Subject Property"), legally described as SI2E A(/KM P IDUN <br /> 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,D0' with the City. Ail 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 oscrow 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 is caused by the work (including planning, engineering, or legal consultant <br /> review) associated with permit # if compliance with the approved zoning permit is not <br /> accomplished. <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 payment <br /> to the City within the timeframe outlined In#3 above, shall issue a Stop Work Order until the Owners 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 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 OF 0 ONO / OWNE)( <br /> By: <br /> • <br /> d <br /> Its: ,S,IJL.iuid ` 1-0 e''i 't1— <br /> • <br /> Internal Use Only, - Original to Planning Department 4 opy to Street File <br /> Updated: November 30,2012 <br />