2014-01447 - new structure - Laserfiche WebLink

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�� i v�-r-� � ✓ A{iREEMENT made this day o� V , 20�S, by and between the CITY OF ORONO, • ' �� a Minnesota municipal corporation (`Ci ty") Kenneth &Nadine Washuta("Owners")_ Rsc b i. A building permit appiication has been filed a new single family home and detached accessory structure located at 3926 Cherry Avenue the (`Subject Property°), legally described as lot 12 and 13, Biock 5, Crystal Bay Vew, H nnepm oun , nnesflta. 2. Owners request the City to review this application. 3. The City wiil commence its review of the application and incur costs associated with said �eview only if the Owner establishes an escxow to ensure reimbursement to the City of its costs. NOW THEREFORE,THE PARTIE8 AQREE AS FOLLOWS: 7. DEPOSIT OF ESCROW FUND8. Contemporaneousty with the execu�don of this Escrow Agreement, the Owners shall deposit$2,500 with the City. All accrued interest, if any, shall be paid to the City to refmburse the City for its cost in administering the escrow accaunt 2. PURPOSE OF ESCROW. The purpose of the escrow is to guarantee reimbursement to the City for all out-of-pocket c�s#s the Cit�r has incurred {including planning, ennl��vorin_a. in excess of t600 or legal consultant review) or will incur in reviewing the plan. Eligible expenses shall be consistent with expenses the Owners would be responsible fo� under a building permit application. The escrow Mril! also guarantee reimbursement to the City for all out-of-podcet costs the City has incurred to assure that the work is completed in accordance with the Storn�water Pollution Prevention Plan and the provisions of Orono City Code Chapter 79. The financial security may also be used by the City to eliminate any hazardous oonditions associated with the work and to repair any damage to public property w infrastructure that is caused by the work(including planning, er�gineering, or legal consultant review) assocc;iated with bulldlnp psnnit iZ01�.p1447 if compliance with the approved building permit is not accomplished. 3. MONTHLY BIWN�i. As tt�e City receives consultant biHs for incuRed costs, the City will in tum send a bill to the Owners. Owners sha�l be responsibie for payment to the City within 30 days of the Owners' receipt of bill. 4. DtSBUR8EMENT FROM ESCROW ACCOUNT. In the event that the Ovmers 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 enpenses invoiced pursuant to #3. The City may draw from the escrow account wlthout fu�ther approval of the Owners to reimburse the City for eligible expenses the Cfty has i�unred. 6. CLOSING ESCROW. The galance on deposit in the escrow, i� any, shaH be retumed to the Owners when atl requirements related to the project are complete. City Staff shall review the terms of this escr�ow agreement two times per year to determine whether the requirements of the project have been successfully completed and whether it is appropriate to retum the funds. Owner may aiso request the release of the funds, and such funds shall be released upon City Staff receiving the appropriate verification that all r+equirements of the project have been sutxessfuHy completed. 6. CERTIFY UNPAID CHAR�iES, tf the project is abandoned by Owners,or if the eligible e�enses incurred by the City exceed the amount in escrow, the City shall have the right to certify�e unpaid balance to the subject property pursuant to Minn. Stat §§415.01 �nd 38fi.012. CITY:;CRY OF ORONO p 8y: � � " �� '�-� � . .(��/`�� it�: � �l i'111 ` �� -��C�� �- _ . , ._. �. . .� . - � . _ __ _ .y. :� _ ,.��i ��. �.-.� I