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a � <br /> 3. MONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will <br /> in turn send a bill to the Owners. Owners shall be responsible for payment to the City within 30 days of <br /> the Owners'receipt of bill. <br /> 4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Owners do not make <br /> payment to the City within the timeframe outlined in#3 above, shall issue a Stop Work Order until the Owners <br /> pay all expenses invoiced pursuant to#3. The City may draw from the escrow account without further approval <br /> of the Owners to reimburse the City for eligible expenses the City has incurred. <br /> 5. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to <br /> the Owners when the review has been completed and written notification is received from the Owners <br /> requesting the funds. <br /> 6. CERTIFY UNPAID CHARGES. If the project is abandoned by Owners, or if the eligible <br /> expenses incurred by the City exceed the amount in escrow, the City shall have the right to certify the <br /> unpaid balance to the subject property pursuant to Minn. Stat. §§415.01 and 366.012. <br /> 7. ACCESS TO SUBJECT PROPERTY. The Owners hereby grant to the City, its agents, <br /> employees, o�cers and contractors, the right fo enter upon the subject property for the specific purpose <br /> of inspecting and completing any exterior improvements, final grading, establishment of vegetation and <br /> the restoration of the subject property should the Owners not complete the work by the specified dates. <br /> CITY: CITY OF ORONO OWNERS: <br /> � �� , - <br /> By: � �'� � �� , q � --, <br /> ,; <br /> � <br /> Its: �� � � i�, i;. <br /> � <br /> /. <br /> �r <br /> Internal Use Only: �Original to F(nance Department O Copy to Street File <br /> 155441 <br />