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� r_ <br /> - �;� <br /> �---"""''F' L;�NE�ElSE APP�.CCATIflN ESCROW RG,}`EEME�IT <br /> `� � Applicatian# 14 - 3lp�l �S <br /> A�REEMEN"t'made;!,is __�dayt�t ` . �� . 2��_j�,,, by a�d ���twaen tfz� CIT`f OF <br /> C3RiNi,a Mrr�nesota municipa( cor�oration{"CiYy° �ii� -� i�y����tP,��,.CJ�r�e�� <br /> [�carparakian—cp�ior�a�� ("Ov�ners°�. � __� <br /> Recitals <br /> ���vr��rs have file�i�oaiir,g Ap�laca�s�r7�# �`� -�J�a�� #�rmalty requfls(ing tne �ity t� <br /> 4. s�-...,-� <br /> reviev,��lan�for a __... � - <br /> I�cated at the property ad�!esseel: ,�,��2.Cp�5`t` �rrYtS�..Ls�{,'-�U!"lar'>C7. Y?'�"l�l "3,;_�5��...__...._. <br /> �the"Sub�ect Pioperty"t ;�e�a{!y cescribed as t....t�1" � a �'j f Gc�1<. _��;7�"�.�;� Y�(t�"i� �f)�.� <br /> �,____ _�LLL'.�1`L}.��1L1 31, rl'�td_-.�—+L�N---- <br /> J <br /> 2. Clvvners rsau��t kl�e CiiV to revi�w said ��ans �vnict; reauires City approvaF an� may r�quire <br /> �,ransulting lega!ar.dior en�i�esrina re�ie�v. • <br /> 3. The City as wifiin� i� ccmmer�c� its review�f 2t7e a�spiicatsr�n dnt! Er;cur costs associated wiEh said <br /> r�vi�tiv anlyif the i:wners esCa�lish an�scr�w t�enss�re r•ei�burser,�errt !�th�City oi its costs. <br /> NOW 7NERE�QRE,ThEE R/tR3tES�GRE�AS FOLLOW�: <br /> 1. DEPOSIT C1F ESCROW FUN�S. Cor�t�mporanecr�.:sly wlfh the executian of this Esc:raw <br /> Agreement, th�C7wr���s sha,i �eposit�_�_._����i:h Ei�e uity. Aii accrue� int�r[�st, if��y=, sha14 �e paid ta She <br /> City to ceimi�urse the City far its cost in adrr�iE�ist��xng the sscrow��Gcour7t. <br /> 2. RUf�POSE t�� ESCFZOW. "he purpose of k��e escro�� �s �o����antee reimbursGr��ent io tne City <br /> for a!�ou�of-poc's:et cests tt7e City�tas iricurre;d {incltiding p�anninc�; engine�ring, or(egai c�nsu;tant review}or wi!! <br /> irtcur ir; me�ting urikh t�ie C}:vner �r�e��.�ie�}'��,, th� plans, and preparing a��nda packet rna#eriai for City Ct�tjncil <br /> rev��w of applicakian��L�_. ,-�1�...1_ZS E;iyib;e expens�s shaEi be cansistent with expens�s the Qwners <br /> wo�id be r�spo�sible fae uncler a land use a�t�ticat;�n. � <br /> 3. MC1Nl'HLY BILLihiG. �s fhe i;ify receives �on,sulia�t bil:s for s;�c:�rre� �o.ts, �he Gity wi;{ in turn <br /> send a b's�1 to the C?wners Own�rs shal( �e re��xc�nsib€� �nr payrrient ta the t�=fy witnin 30 days �f the �4vners' <br /> r�ceipt of bil�. <br /> 4. QlSBtlRSE(NE�T FRC}I�! ESGROW A�CQUt�T. in ;he event that the C7wncrs do r�ot rnake <br /> payme�t ta tl�e �ity within the tirr�efrar��i� o��t(i�red in #3 ahave, shalf cease aE! reviews urtil the Owners �2y a!1 <br /> expenses invo'sced �ursu�nt t�a �3. The C;ty rnay cira�,�from the esero�v acc.aurrt without fo.�rther appr�vai of the <br /> t�wners to reirnburse the Gity fc��e{igible expenses the�ity has incurfe� <br /> 5, . C�C1v�N� �SGRUW. The,�a!ance or �eNgsit in th� escrcrw, if �s�y, sha(1 be returned ta #he <br /> Gw�ers when tkye review f;as beer�eomg�feted. <br /> �. CERTiF`Y U�tPfifD G�4ARGE5. If tna�rc,�ect is a�andoned by a�vnars, �r if the elig;b{e expenses <br /> ineurre� by i!�e Gity��ce�� tf7P ��aunt in�scrav��, t�e Cit,y st�a9� have tne rig�t to�er#i#y tl�e unpaid balance ta(he <br /> subject praperty purs�;ai�t to i��iinn. 5;at. �jg�15.�2 ancf 36�.�v'1�, <br /> ClTY. �IT'� C7F ORt7NO QWNEF2S� ,. ...-�' � <br /> c'Z �� � �.- � � �-'. '``� <br /> �� ,l Q�__ _ ��._� ���-- <br /> f�� �����_�.____ _ �t�: _ <br /> �---_____ _ � t <br /> l interna! Use Oniy: C]Qriqinal ta Finance Clepartment C1 CDpy t0 ZOfi1R Flie Ci Gopy o 5#reet Fiie I <br /> �. �----' <br /> PaCk'8t Las!Uj)c7a7B�" tvtalc!�2z��4 <br /> F'a,o >G t:t 7' <br /> . • <br /> � _ ' _ <br />