2013-01199 - new structure - Laserfiche WebLink

Home Browse Search

DEMOLITION PERMIT#2013-00996 Variance &CUP #13-3604 ESCROW AGREEMENT AGREEM�NT made this�day of , 20 .��, by and between the CITY OF ORONO, a M{nnesata municipal corporation("City"}and Neil&Barbara Goodwin("Owners"}. • Recitals ' 1. An application far a demolition permit has been filed for princi�al structure located at , 2975 Casco Point Road(°Subject Property"}IegaAy described on attached Exhibit"A", 2. in conjunction with the demolifion, erosion control measures are required as shown on attached Exhibit"B". NOW,THEREOFRE,THE PARTIES AGREE AS FOLLOWS: 1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow Agreemerrt, the Owners shall deposit$2,500 with the City. AIE accrued interest, if any, shall be paid to the City to reimburse the City for its cost in administeNng the escrow account. 2. PURFOSE OF ESCROW. The purpose of the escrow is to guarantee reimbursement to the City for all out-of-pocket costs(including planning, enginesring, or tegal consultan#review)the City has incurred to assure that the erosion control measures are installed and maintained so the property complies with the provisions of Orono City Code Chapter 79. The financial security may also be used by the City to eliminate any h�zardous conditions associated with the work and to repair any damage to public property or infrastructure that is caused by the work. if compliance with the approved Land Disturbance Permit is not accomplished within the allowable time period, the City may bring the project into compliance by use of the security. 3. RIt3HT OF ENTRY. The Owners hereby grant the City, its agents, employees, officers and contractars the right to enter the prope�tq to perform ail work and inspections deemed appropriete by the City in conjunction with the required erosion control measures, including but not limited to constructing or completing any and all of the agreed upon improvements should the Owners' contractor not complete those improvements by the date specified herein. 3. MONTHLY BILLING. As the City receives consultant bllls for incurred costs, the City wlll in tum send a bfll to the Owners. Owners shall be responsible for payment to the Ci#y within 30 days of the Owners' receipt of bill. 4. DI3BURSEMENT FROM ESCR�W ACCOUNT. In the event that the Owners do not make payment � to the City within the timeframe outlined in#3 above,shall issue a Stop Work Order until the Owners pay all expenses ; involced pursuant to #3. The Clty may drew from the escraw account without further approval of the Owners to ' reimburse the City far eligible expenses the City has incurred. 5. CLOSING ESCROW, Any remaining amount of fhe financial securiry deposi#ed with the City for fafthful performance of the plans and specifications and any re[ated remedial work will be released after the completion and inspection of all such measures and the establishment of�nal stabilization for the Subject Property. 6. CERTIFY UNPAID CHARGES. If the project is abandoned by Owners, or if the eligible expenses incurred by the City exceed the amount in escrow, the City shall have the right to certify ths unpaid balance ko the subject property pursuant to Minn. Stat. §§415.01 and 366.012. CITY: ITY OF ORONO OW ER • � By: � �� Its� � ��(2.c�,�e_-.��(�''PA��,..� � dttt�lr7ftA[ll��r�n1" _- C�C�c�g�a�i to Fi�ta�►e�De��tm��f- _ . �i:i fia�rfo St"resi k?ile - _� � _ - -:= -� ° = - �:— , -- _.--_ ° �- - - _ - - --_ ---- _. . --= -� .:_� 150784