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�AND USE � BUILDING PERMIT APPLICATION ESCROW AGREEMENT <br /> Land Use ApP If�cation #143655 <br /> Zoning Permit#� Loly - L)G�a6 <br /> Butiding Permit#�Zd I�— O D SaS <br /> AGREEMENT made this�day of , 2014, by and between the CITY OF ORONO, a <br /> Minnesota municipal corporation ("City") and and Donelle Feldmann ("Owners"). <br /> Recitals <br /> 1. Owners have filed Zoning Applica ion �14-3655 formally requesting the City to review plans for <br /> variances and permit#�/U�Gb505—D�'.,Gro � for constn,ction of a pool and retaining walls <br /> located at the property addressed: 805 Forest Arms Lane (the "Subject Property") legally described as Lot 1, <br /> Block 2, Forest Arms, Hennepin County, Minnesota. <br /> 2. Owners request the City to review said plans which requires City approval and may require <br /> consulting legal and/or engineering review. <br /> 3. The City is willing to commence its review of the application and incur costs associated with said <br /> review only if the Owners establish an escrow to ensure reimbursement to the City of its costs. <br /> NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS: <br /> 1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow <br /> Agreement, the Owne�s shall deposit $2500.00 with the City. All accrued interest, if any, shall be paid to the City <br /> to reimburse the City for its cost in administering the escrow account. <br /> 2. PURPOSE OF ESCROW. The purpose of the escrow is to guarantee reimbursement to the City <br /> for alt out-of-pocket costs the City has incuned (including planning, engineering, or legal consultant review) or will <br /> incur in meetin with the Owners, review�ng the plans and permit applications, and review of application#�143655 <br /> and Permit���'��5�_"�`'.� _ Eligible expenses shall be consistent with expenses the Owners <br /> would be responsible for under a land use application. <br /> 3. MONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will in turn <br /> send a bill to the Owners. Owners shall be responsible for payment to the City within 30 days of the Owners' <br /> 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 cease all reviews until the Owners pay aIl <br /> expenses invoiced pursuant to #3. The City may draw from the escrow account without further approval of the <br /> 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 the <br /> Owners when the project has been completed. <br /> 6. CERTIFY UNPAID CHARGES. If the project is abandoned by Owners, or if the eligible expenses <br /> incurred by the City exceed the amount in escrow, the City shall have the right to certify the unpaid balance to the <br /> subject property pu�suant to Minn. Stat. §§415.01 and 366.012. <br /> CITY: CITY OF ORO OWNE : ______ <br /> By: BY� <br /> Its: � Its: <br /> T <br /> IMernal U�Only: G Orlginal to Financ�Oepartment C7 Copy t Ffle Copy to Street Flle <br />