2013-00238 - new structure - Laserfiche WebLink

Home Browse Search

DEMOLITION PERMIT 2013-00237 and BUILDING PERMIT 2013-00238 ESCROW AGREEMENT AGREEMENT made thfs <�' day of 'f/��. 20%1', by and between the CITY OF ORONO, a Minnesota municipal corporation("City"} and Bob J� an Ryan ("Owners"), Recitafs 1, An appiication for a demolition permit of the principal and accessory structures and a buiiding permit have been filed for the property located at 3625 Eileen Street("Subject Property"} legaily described on the attached Exhibit"A". 2. In conjunction with the demolition, erosion control measures are required as shown on attached Exhibit"B". NOW,THEREOFRE,THE PARTIES AGREE AS FOLLOWS: 1. DEPOSIT OF ESCROW FUNDS. Contemporaneously wlth the execution of this Escrow Agresment, the Owners shall deposit $2,500 with the City. All accrued interest, if any, shall be paid to the City to reimburse the Cit}r for its cost in administering the escrow account. 2. PURPOSE OF ESCROW. The purpose of the escrow is to guarantee refmbursement to the City for all out-of-pocket casts (including planning, engineering, or legal consultant review)the City has incurred to assure that the erosion control measures are instalied and maintained so the property complies with the provi5ions of Orono City Code Chapter 79. The financial security may aiso be used by the City to eliminate any hazardous 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 withln the allowable time period, the City may bring the project into compliance by use of the security. 3. RIGHT OF ENTRY. The Owners hereby grant the City, its agents, employees, officers and contractors the right to enter the property to perform all work and inspections deemed appropriate 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 �wners' contractor not complete those improvements by the date specified herein. 3. MONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will in turn send a bill to the Owners. Owners shall be responsfble for payment to the City within 30 days of fhe Owners' receipt of bill. 4. DISBURSERAENT FROM ESCROW ACCOUNT. In the event that the Owners do not make payment to the City withfn the timeframe outlined in#3 above, shall issue a Stop Work Order until the Owners pay all expenses invoiced pursuant to #3. The City may draw from the escrow account without further approval of the Owners to reimburse the City for eligible expenses the City has incurred, 5. CLOSING ESCROW. Any remaining amount of the financial security deposited with the City for faithful pertarmance of the plans and specrfications and any related remedial work wi(I be released after the comp(etion and inspection of all such measures and the establishment of final stabilizatian 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 the unpaid balance to the subject property pursuant to Minn. Stat. §§415.01 and 366.012. CITY: CITY OF ORONO OWNERS: By: �`�� -� ,� -�, � Ce��--� Ifs: ( -��;f �',�L'�C ;-� � - � . � , - :. �nfero�7��CJ�1� � J�a igin�ffo�►aan�e�lipar��n�n�g� _ __�I�apr to��1e � � =- — - � .— ��.___--- —._- _= _ � --- = — _- — _._._ _ 150784