2013-01165 (escrow fee) - Laserfiche WebLink

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•, , -,, , BUILQIPlG PEf2MIT��CRi"3W AGFiEEMENT Land Use Application�93-3642 Orono Bui6di»g Permit#2093-t?1i�52 Demolitio� Penmit#2013-04959 � AGREEMEN7 made this�,�� day of a - �� `��, 2Q .-��, by and b�tweerr the CITY C7F �RONO, a iVlinnesota municipal corporation("Ci#y"}Zv&Ta1i Liberman{'flwners'), �£'CIt,3�3 1. AppG�ations for a setback variance; demolition penmit ar�d bui{ding peRnit have bsen filed #or a demolition and construction of a new single family residence loca#ed at 269i1 Caroline Avenue the {"Subject Property"),leg�lly described on attachment Exhibit A. �. Owners request the City to review this application. 3. The City will commence its review af the application and incur cQsts assoc4a#ed witi� said revisw only if the Owner estabiishes an escrow ta ensure reirnbursement io the City�f its cosis. NOW TNEREFt7f2E,THE PAf2TlES AGREE AS FQ�.LOWS: 1, DEPC?SIT t3� ESCRAW �UNDS. C�untemporaneously with the execution ofi this Escrow Agr�ement, the(3wners shall deposit$2,500 with the City. All accrued interest, if any, shail be paid#o the City#a reimburse th�City for its cost ir�administering the escrow eccaunt. 2. PURPC3SE t?F ESCRUW. The purpose o#the esc�ow is to gua�an#ee reimbursement to the City for all out-of-pocket cos#s the Ciry has incurred (including planning, �ngir�eering, in excess of $5t30, or Isgai consufiant review} or will incur in reviewing the p1an. Eligible expenses shall be consistent with expenses the Owners would be responsible for under a bu+iding permit application. 7he escrow wili also guarar�tee reimbursement to the City for all out-of-pocket costs the City has incurred to assure that#he work is ct�mpleted in accordance with the Stormwater Pollution Preventron P3an and the prouisians n# Orono City �od� Chapter 79. The financ�al securi#y may also be used by the Ci#y to e3iminate any hazard�us conditians associated with the work and to repair any damage to public property or infrastructure that+s caused by fihe work(including planning, engineering, or legal consultant review) associatad with Land use application #13-3642; dsmo perrnit#2D13- 00959;and buildi»g pe�rnit#2013-01062 if compliance with the approved building permit is nt�t accomplished. 3. MdNTHLY BILLiNG. As the City receives consuttant bills for incurred costs, ihe Ciiy wi11 in turn send a bi11 t4 the Owners. t3wners shall be respo�le.for payment#a the City within 30 days �f the Ov,+ners' receipt o#b111. 4. DISBURSEMENT FROM ESCROVY�ACCOUNT. In the event that the C7wners do not make payment to the City within the timeframe outlined in#3 above, shall issue a Stop War}c Ord�r until the t7wners pay a11 expsnses invoiced pursuant to #3. The Ciiy may draw from the escraw account without further approva! of #he Owners #a reirnburse the City for eligi�le expenses the City has incurred. S, GL481NG E3CFtQW. 7'he Baia�ce on deposit in the escrow, if any, sha�l be r�tumed io the Uwners when the review has been completed and written notificaiion is received from#he Uwna�s requesting ihe funds. 6, CERTIFY UHPAit}CNARGES. If the prc�je�t is abandoned by Owners,c�r if ihe eiigible expenses incurred by the City exceed the amount in escrow>#he City shaA have the righi to certi#y the unpaid balance to#he subject property pursuant tb Minr+. Stat.§§415.01 a�d 386.�12. CITY: C1TY��t7RON0 � O�tYNER . ,. I/�/f �, � �� _ fly: < < �"` .._ .,� ��5: �� '��rd��l� �__. ___ ____ lrfiternai 13�e Clnfy: t3 Or�ginai ta Pianning O Gopy to Pro}�erty C}wne� i9 Gopy t4 Sireet File