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Dec,271102:42p Truwit-Picard 9524769971 p.2 <br /> jo0'd 'I�fWO,:, � <br /> ; <br /> . LAND UBE APPLIC <br /> ATION ESCROIN AGREEMENT I <br /> Appilcatlon�12-35�0 <br /> AGA�ENI�NT made this `'' Oay of I�f"L-° , 24�, by and betw�en the C17Y OF <br /> ORONO, a Minnesota municipal oorporacion (�City"}and Charles Truwir and PauEa Picard ("Applicants"�• <br /> R.�I�IS <br /> �, Applicants have filed Zcning Applicatlon�F12-�540 formaliy requesting the City to review pl�ns for <br /> oonstruction of a new residence requirina variances and a conditianal use nermit located at 1105 Ferndale Road <br /> West the"Subject Property") as more fui�r showr�and descnbed as 7rart a aL No.441. Files of the ReCistrar af <br /> Title_,s.Count}t of Hennepin exceQt t�ai aart ernbraced in RL5 No. 802. Files of the Reaistwar of Titles, Tracts A <br /> �nd R qistered and Sun+ey.No. 9D2. �ile5 of the Reqistrar of T�tles, Countv of Henne9�n. <br /> 2. Applicanis request the City to rey�eW said plans which requires Ciry approva! including-variances <br /> , ���.. __..a:.;�„a: s,;�G.,e..,,.� I.,.,�iyj�e cilv��1a1�@@�Ig�_ IBa81 8fld DI811�I�C I'�VIEW, <br /> 3. The City is willing to commence its review af the appllcation anC inc�r costs associaled with said <br /> revi�w only if the Applican#.s establish an escrow ta ensure reimbursement to the Cily of its Costs. <br /> NOW THEREfOAE,TFiE PARTIES AGREE AS FOLLOWS: <br /> i. DEPOStT 4F ESCROW FUNDS. Contemporanaously with the execution of this Escrow <br /> � A�reement, the Applicants shall dep�sit 52500.00 with the City. All aocrued intereu, if any, shall be paid t� the <br /> City to reimburse the Gity fer its cost in administering the escrow account _ <br /> . 2. PURPOSE OF ESCROW. The purpose af the escrow i5 to guarantee reimbursement to-the City <br /> � �or ail out-of-pocket oosts the City has incurred (intluding �lanning, engineering, or legal cartsultant review)or will <br /> � incur in m��ting with the Applicants, reviewing the p�ans, and preparing agenda pack�t material for G�ty Council <br /> review of appCication #12-3 a , Eligible expenses shall be consistent with expenses the AppGcants would be <br /> responsible for us�der a zoning and svbdivision application. <br /> � 3. MDNTHLY BILLING. As the City re�oeives ce�sultant bi11s fnr incurred costs, the City will in turn <br /> sand a bilt to the App�icar�ts. App�icants shall be responsib�e for payment to the Giry withtn 30 days of the <br /> App�Gants' receipt of bilL <br /> 4. DISBURSEMENT FROM ESCROW ACCaUNT. In the event thal the Appli�ants do nvt make <br /> payment to ihe Gity within the timeframe outlined in#3 above, shall Cease a11 revieuvs until the Appllpnts pay all <br /> expenses i��oiced pursuant io#3. Tk�e City may draw from the escrow account withaut further appraval of the <br /> AppiiqntS t0�e�mburse the City for eligible expenses the City h�s incarred. <br /> 5. CLOStNG ESCROW. The Ba�ance on deposit in the escraw, if any, shatl be returned to the <br /> Appiicants when the review has been completed. <br /> 8. CERTIFY UNPAID CHARGES. If the project is abandoned by Appllcents, ar ii the e�igible <br /> , expenses ir�curred by the City exceed ii�e amount in escrow, the Cityi shall have the right ta certify the unpaid <br /> • halanCe to tt�e homestead of Applicants at 378 Ferndale Road West, Or�no, MN 55391 (PID No. '12-117-23-12- <br /> • 00�"^'pt�uant tp Minn. 5tat Sections�'E 5.01 and 366.0'1. <br /> ( � <br /> C�TY: APPUC TS: <br /> g gy; � <br /> . Y• � _ ,. <br /> - �. .. /�� <br /> I�: ey: - ` <br /> . f � - - <br /> � . <br /> ItS= ' <br /> �� <br /> - .,.�, „�:, •„� ••�., ,. - <br /> �, , <br /> . I <br />