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* �. <br /> ZONING PERMIT ESCROW AGREEMENT <br /> Permit#2012-00244 <br /> AGREEMENT made this�day of !`� ��i ' , 20 (�y and between the CITY OF ORONO, <br /> a Minnesota municipal corporation ("City") and Anth ny &Trina Determan ("Owners"). <br /> Recitals <br /> 1. An application has been filed for a zoning permit for a property located at 3026 Casco Point <br /> Road the ("Subject Property"), legally described as, Lot 2, Block 1, Kelly 2"d Addition, Hennepin County, <br /> Minnesota. <br /> 2. Owner requests the City to review this application. <br /> 3. The City will commence its review of the application and incur costs associated with said review <br /> only if the Owner establishes an escrow to ensure reimbursement to the City of its costs. <br /> NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS: <br /> 1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow <br /> Agreement, the Owners shall deposit $2,500 with the City. All accrued interest, if any, shall be paid to the City to <br /> reimburse the City for its cost in administering the escrow account. <br /> 2. PURPOSE OF ESCROW. The purpose of the escrow is to guarantee reimbursement to the City <br /> for all out-of-pocket costs the City has incurred (including planning, engineering or legal'`consultant review) or will <br /> incur in reviewing the plan. Eligible expenses shali be consistent with expenses the Owners would be responsible <br /> for under a zoning permit application. The escrow will also guarantee reimbursement to the City for all out-of- <br /> pocket costs the City has incurred to assure that the work is completed in accordance with the Stormwater <br /> Poliution Prevention Plan and the provisions of Orono City Code Chapter 79. The financial security may also be <br /> used by the City to eliminate any hazardous conditions associated with the work and to repair any damage to <br /> public property or infrastructure that is caused by the work (including planning, engineering, or legal consultant <br /> review) associated with permit#2012-00244 if compl�ance wit� �he app�oved zoning permit is not a�compiished. <br /> 3. MONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will in turn <br /> send a bill to the Owners. Owners shall be responsible for payment to the City within 30 days of the Owners' <br /> receipt of bill. <br /> 4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Owners do not make payment <br /> to the City within the timeframe outlined in #3 above, shall issue a Stop Work Order until the Owners pay all expenses <br /> invoiced pursuant to #3. The City may draw from the escrow account without further approval of the Owners to <br /> reimburse the City for eligible expenses the City has incurred. <br /> 5. CLGSIN� ESGROVIl. The Balance on deposit in the escrow, if any, shall be returned to the <br /> Owners when the review has been completed and written notification is received from the Owners requesting the <br /> funds. <br /> 6. CERTIFY UNPAID CHARGES. If the project is abandoned by Owners, or if the eligible expenses <br /> incurred by the City exceed the amount in escrow, the City shall have the right to certify the unpaid balance to the <br /> subject property pursuant to Minn. Stat. §§415.01 and 366.012. <br /> CITY: CITY OF O ONO OWNER: �� � ���� ��T��`�A� <br /> _ �� <br /> , ; <br /> ,, , ___ <br /> , �- <br /> ,:,� ,�;�.,,-.':'`,_ , �Z�-�.-__ _t <br /> By: V'�_/ , �,.�_. �ti� � <br /> �ts: ; � ���1-�;j ��- r <br /> � ��� <br /> I iZIN�-� �i�i��rv�q� <br /> Intemal Use Only. ;;.:, " �Original.to Planning Department ::Ic7 Cflpy to Street'�ile <br />