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Bracketts Point Road
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1400 Bracketts Point Road - 11-117-23-32-0025
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18-3998, VAC
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Escrow information
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Last modified
3/19/2026 1:44:01 PM
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�o MOG`9VHLy 00p LONG. The City vAR monthly forward to the Owner a statement and bill for the <br />expenditures incurred by the City for staff and consultant services. Such statements shall be <br />due and payable within 15 days for receipt by the Owner. No statement will be sent if there <br />are na expenses incurred in the period since the most recent statement. The City shall itemize <br />ail turns, services, and materials billed to any Owner and said time, services, and rnateri6s shall <br />be in accordance with the rules, regulations, and fees as pmmOgatedl and adopted by the City <br />Council. <br />4o DII�C�MG3SENEMV FRCDo [ESCRM AC COtUMT. On the event the Owner does nob make <br />payment the City as required under paragraph 3, the City may draw from the Escrow without <br />further approval of the Owner to reimburse the City for eligible expenses the City has incurred. <br />The City shall periodically notify the Owner of the draws the City has made and the nature of <br />the expense for which the reirnbursernant is being made. <br />The Owner shall reimburse the Escrow fund for any deficits <br />caused if the amount actuaily expended by, or bitted to, the City exceeds the escrow fund <br />balance. <br />6. RUGGOT OLD [EC\7RV. <br />Zorilng. This section is not applicable. <br />Suildin .This section is not applicable. <br />Accessory Structure. The Owner hereby grants the City, its agents, employees, officers <br />and contractors the right to enter the property to remove the accessory building(s) shoOd <br />the Owner not complete the removal obligations in Orono City Code Sermon 78-1432. <br />13 iSTS. The Owner hereby grants the City, its agents, ernp6cyees. officers and contractors <br />the right to enter the property to perfoa n ate work and inspecOons deemed appropriate by <br />the City in conjunction with replacement of the septic system, inc8uding but not Iirnked to <br />constructing or completing any and all of the agreed upon improvements should the Owner <br />not complete those improvements by the date agreed upon. <br />Temooranr Certificate of Occupancy. This section is not applicable. <br />7o Ma OM4E6' EST G ADD. M accrued interest, if any, shall to paid to the City to reimburse the <br />City for its cost in administedng the Escrow account. <br />�. PLUSBAG tESCROUr'9. When the review has been completed or the project has been <br />completed, the balance of the Escrow, if any, shall be returned to (cheat one): <br />o Omer pApp0ca nt o Other <br />Marne: P Z-UJ r <br />Street Address / PO Sox: eV <br />City / State/ ZIP: �' 8G`s �9� /p ,�_ � <br />9a CEGMFBF-® 9f the Application os abandoned by Owner, or if the e0igite <br />expenses incurred by the City exceed the amount In Escrow, the City shall have the right to <br />canify the unpaid balance to the Subject Property pursuant to Minn. Slat. % 415.09 and <br />356.012. <br />lK iT mE.W bIONEiREO F, the undersigned have executed this Agreement as of the day and year first above <br />written. <br />c;ITY � CU'h)Ncs�: <br />8Y: W-O-/ Qa <br />0amptev- <br />T- <br />Subdk-,141w AppXcedon — January 2017 <br />pnge 11 <br />
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