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BUIL�lNG P�i2MIT£SG#t{3YV ACREE1VlE�fT <br /> Orotao Build��p Perm�t#�a'l7-D0318 <br /> AGREEIlfIEtVT made this��day o# , 20 /� by and bstwsen the CITY OF ORONO, <br /> a Mi�nesota mur�icipal corporation{'C�t�')and Andv and amie Pfeffer,Ownsrs`). <br /> Rscitals <br /> '�. A bjtiiciing perrnit applicafton has been filed for a�ew rssidence loc�ted at'11�Creek i�idge�ass, <br /> the("Subject�roped�'),iega}iy described as Lai 2,Biock 1,Greekside in Orono, tiennepin�aur�ty Minnesofa. <br /> 2. Owr�ers requesi the City to review this applicafion. <br /> 3, Tfis Ciiy wlll r,ommence its raeview of the applicafion ar�inct�r�osts assflciated with said revisw <br /> oMq if the Owner estaMishes a�escrnw►�to ensure reimbursement ta the City of its costs. <br /> NOW THER�ORE,TH�PARTIES AGREE AS FOLLOWS: <br /> 9. [?E�L}8l�' �F ESCf2DW FUAIDS. Carstemparaneously witt� the sxec�a#ion of fhis �scrovu <br /> Agreement,the Ovvnsrs sha1l de�sit$2,��vsrith t�e City. Ali accrtted interest, if any,shail be psid to ihe Cifiy t� <br /> rei►a�burae the City far ifs cast in administering ihe escraw accott�L <br /> 2. PURPOSE flF ESCROW. Tt�purposs af fi�e escrow is tfl guararites reimbnrse�eni to the C�y <br /> fior al( out-of-�ocicet cast� the City has incurred {induding p#ant�itag, engir�esring, in excess fff $50Q, or legal <br /> r.cansultar�t raview) ar wlll incur in tevieyring #he p3an. �ligibie expenses shall bs consistent wiih experasss the <br /> flwners wonld be responsibfe for uruler a bu�ldirag psma�t ap�iica#ion. The escrow v+rlll aisfl guarar+tee <br /> reimbur�smer�t to the City for all out-afi}�c�cet costs the City has incurred to assurs that the wark is corrapleted in <br /> accor+dance wkh the Storrnwater Po1luf�on Prever�tion �3an and the prov�ions of Orono City Cade Chapisr 79. <br /> T#�e fir�mar�cial s�curity may al�o be us�d by the City to eiiminate any hazardous cand��ras associa#ed with the <br /> wwk and to repair any damage fo pubtic;sro�r#y or in#rastructure that is caused by the wark(includa�g�lanning, <br /> engineer�ng, or iegal consuftant review) assoaated vyith buiiding perm�t�#2019-00398 if compliance with t�e <br /> approved buihfing perrnit is not accom�iisfi�d� <br /> 3. lYIOl+1TMLY S1LLi�G. As the C9ty receives cor9st�3tant bills for incurrsd cosis,the C�fy wilf in turn <br /> send a bill to ihe Owners. Owr�,ers sha11 i�e respc�rgsible far payrnent to#he City within 3�days ef the Owriers' <br /> rec�ipt of�iff. <br /> 4. DISBURS�IV1E�iT�ROM ESCROW AG�OI!'�IT. in tlae everat ihai the Owners do not make payment <br /> to the C'sty witf�n ihe fimeframe ouilinad in#3 above,sha11 issas a Sfop Woric Order uniil the flwners pay ati expenses <br /> invoiaed }�urscrant to #3. Tha Gity may dravv irrnri the escrow account withouf further approval �f the Owners ia <br /> raimburse ih$Cily tor eligibie expenses lite City has incwred. <br /> �. CL�SIT�G ESCROW. The Balance an de�asit in tiae sscrow, if arry, sfi�a11 be ratumed to the <br /> Uwners when#he reaiew has besr�compfe#ed and wrrffen notifica#ion is received from the Owr3srs requsst�ng the <br /> fur�ds_ <br /> 6. CERTI�Y UNPAID CHA�2GES, If�e pro�ct'ss ahandcu�ed by Owners,or if the eligible sxpenses <br /> incurred e C�ty exc�ed the amourrt in escraw,the City shall have ihe right to certify the unpaid balance to ihe <br /> subjsci pro pu�uan#to Minn.Stai.��4'l�.01 and 366.U92. <br /> �� <br /> CITY: C O t3 O � <br /> � � <br /> By: _ <br /> � <br /> Ifis: '� ../� G,%I�t�L-L_O�• � , /��. <br /> �i't�+eLr�a1'�se tlnlji;, --� '�_. "T_.� - <br /> `-. �' -'��i�"r.��+.Y��$��'�T�Y�Dwnefi� _:;�7�aj3y#o.8fr�et��1e <br /> ,. _ .���,_ ,... <br />