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will execute a recordable certificate of completion confirming such completion and release of the Land from <br />provisions of this Contract relating to such Improvements. <br />B. Shared Private Road Construction and Maintenance. Vehicular access to the Lots shall <br />be individual driveways onto the Private Shared Road to provide access to 01' Avenue North (CSAH 6) <br />(the "Shared Private Road"), with final driveway locations subject to City Engineer approval at the time <br />of building permit issuance. The Shared Private Road shall be constructed according to the standard road, <br />drainage, and utility easements as required by Orono City Code. Developer shall implement and adhere <br />to the Hennepin County permit 2024-A108, UID# 87601 for access from CSAH 6, dated 08/21/2024. <br />19. City Engineering Administration and Construction Observation. Developer shall pay <br />all fees and costs incurred by the City in connection with the development of the Land as such fees and <br />costs are incurred. The City shall invoice Developer monthly for accrued fees and costs, and Developer <br />shall pay such invoices within thirty (30) days of receipt of the same. Contemporaneously with the <br />execution of this Contract, Developer shall deposit a cash escrow with the City in the amount of <br />$10,000.00 ("Escrow Account"). All accrued interest, if any, shall be paid to the City to reimburse the <br />City for its cost in administering the Escrow Account. The purpose of the Escrow Account is to guarantee <br />reimbursement to the City for all out-of-pocket costs that the City has incurred or will incur related to the <br />development of the Land, including, but not limited to, engineering fees and construction observation, <br />legal fees, planning fees, administrative expenses, and other costs related to the development of the Land, <br />including costs to ensure that the work is completed in accordance with the Erosion Control & Restoration <br />Plan (Plan D), the MCWD Permit 24-310, NPDES Permit #C00070554 and the provisions of Orono City <br />Code Chapter 79. City engineering administration will include monitoring of construction observation, <br />consultation with Developer and its engineer on the status or problems regarding the project, coordination <br />for final inspection and acceptance, and, if any, project monitoring during the warranty period, as such is <br />9 <br />23240205 <br />