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♦ . <br /> � LAND USE APPLI��ON ESC O�A�EEMENT <br /> Application# <br /> AGREEMENT made this�day of `.IG�l���P�� , 20/J , by and between the CITY OF <br /> ORONO, a Minnesota municipal corporation (°City")� <br /> /�izY�^be/�lr��� CPn�rf�L L.LG <br /> [a corporation–optionalJ ("Owners"). <br /> Recitals <br /> 1. Owners have filed Zoning Application# �� - �� I 7 formally requesting the City to <br /> review plans for a % ,� ,,�/ �-- jt—� � , ' <br /> located at the property addressed: f3 y0 � �j�� <br /> (the"Subject Property") le�9 ally described as <br /> [.�r�' / /� / � �� � �.�� , � <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 Owners shall deposit$o��✓.1�ado with the City. All accrued interest, if any, shall be paid to the <br /> City 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 all out-of-pocket costs the City has incurred (including planning, engineering, or legal consultant review) or will <br /> incur in meeting with the Owners, reviewing the plans, and preparing agenda packet material for City Council <br /> review of application #J� - 3� � 7 . 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 bilis 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 all <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 review 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 pursuant to Minn. Stat. §§415.01 and 366.012. <br /> CITY: CITY OF OR O OWNERS:�hum,�r2�'�a�n �2���4� ��-� <br /> BY� By: ��fJ���� C �Cc,�cC 5' �GI?;�✓C� <br /> Its: �``"_' v�'I.0 l� Its: �Qra�'��'' <br /> --� <br /> I�ternal Use On1y: O Clriginal#o Finance Department �Copy to Zoning File �Copy to Street File <br /> Pac,'cet Last Updated: March 2014 <br /> Page?0 of 27 <br />