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t 08115/2e13 13:27 5072882232 FEDEX OFFICE PAGE 01/01
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<br /> BUILDING PERMIT �SCRdW AGR��MENT
<br /> Orono Building Permit#2U13-00773
<br /> Zoning#'13-3tiO3
<br /> AGRE�MEI�'T m�de this�day pf L� ���, 7-0.�, by and between lhe CITY O� ORONO,
<br /> a Minnoso�a munlcfpal corporatl�n ("City") Richar; & ryl Coryea ("Owners"),
<br /> �J����
<br /> Recit�lls
<br /> 1, A b�ilding permit application has been ffled to construct a ane-story addition connecting tl�e home
<br /> to the detached gar��ge loc�led at 3085 Casco Po(nt Road the ("SubJect Property"), IegaRy descrfbed as Lot 55,
<br /> including adjacenf oA�e-half of Ivy Place Vacated, Spring Pa�rk, Hennepin County Minneso#a.
<br /> 2, Owr'ers requCst the City to review this applica'ki��t.
<br /> 3, TI7e City will commenco its review of the applicaYion and incur costs associated with said roview
<br /> only if the Owner esiabllshes an escrow to�nsurc roimburserrnent to the City of Its cost�.
<br /> NC1W TW�RF�'ORE TH� PARTIES AGRE�AS FqLL,(7WS:
<br /> q, pEF'OSIT OF �SCROW �l�NDS. Conternpor�n�ously with the execution o# �his Escrow
<br /> Agroement, thb dwrie�s sh�ll deposlt$2,500 with thc Cfty. All accrued interesk, if any, 5hall bo paid to the City to
<br /> reimuurse the City fnr its cnst in adminfsl�ring the escrnw account.
<br /> 2, PUfftPOSE OF �SCROW. The purpos� af the escrow is to guarantee relmbursem�nt to the City
<br /> for all out-o'(-pockel costs the Gty has incurred (including �lanning, engineering, in 2xcesS oF $�500, or legal
<br /> consultant review) ��r will incur in reviewing the plan. Gliglble expenses shall be consistent with expens�s fhe
<br /> Owners would be responsible for under a building perrnit appllcation. The escrow will also guarantee
<br /> refmbursement to the City for a!I out-ol-pocket casts th� CiCy inas incurred to assure that the worlc is compleled in
<br /> accordance with thF: 5tormw�ter Pollution Prevention Pian and tho provfsions of Orono Clty Cod� Chapter 79,
<br /> The flnanciaf security may also 1�e used by the Clty to �lfmfnate any I�a�ardous conditions associatcd alnninh�
<br /> work and tc� repair�ny damage to pub(ic properCy or infrastrurture that is caused by tho work (fncluding p 9,
<br /> engineering, or leg��l consultant rEview) sss�ei�ted wlth buflding permit #2a13-0�773 and aot�ing #13-3803 if
<br /> compiiance with the appraved building permit is nok accomplished.
<br /> 3. IVIGNTNLY BILLINC. As the City reccives consultant bi{Is for incurrt�d casts, the City will In turn
<br /> send a bill to the Cwners. Owners shall be responsible for p�yrnent to khe City within 30 days of the Owners'
<br /> receipt of bIIL
<br /> 4. DISBURSE�M�NT FRPM ESCROW ACCOUN`C. In fihe evel�t tl�at the Owr,ers do not make payment
<br /> t�the City wlthin the tirrteframe outlined in#3 above, sh�ll issuo� Siop Work qrder until the bwnors pay all Cxpenses
<br /> invoiced pursuant tr,� at3. T'he CFty m�y draw from the oscrow a�coun't witnout furlher approval of the Ownors to
<br /> reimburse the City fr,r ellgible expenses th�City has inc�irred.
<br /> 5, C��J51�IG �SCFtOUV� rhe F�alanCe on de�oslf in the escrow, if any, sh�ll be rctumed to the
<br /> Owners when tho r�;�riew has been compl�ted and written notificatfan ls receivod from the Owners requesting the
<br /> funds.
<br /> 6. CE RT1FY UNPA�D CHARC�S. If tho projecl:is abandon�d by Owncrs, or if the ellglble exponses
<br /> incurred by the City excsed thc arnount in es�row, the City sP�all hav�the right to certify th�unpaid balance to th�
<br /> subject property pu��suant ta Minn. Stat_ §§�15.01 and �66.0�12,
<br /> CITY: C17Y OF O . NO �� �' . �
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