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___ r------ -- _ —�_ " Kip Heegaard ��� <br /> Vice President � <br /> Norwest Bank Minnesota, N.A. <br /> Norwest Center <br /> Mo�awEsreaNKs Sixih and Marquette <br /> D E C 2 .� ;''�`�� Minneapolis, Minnesota 55479-0073 <br /> 612/667-8876 <br /> December 19, 1995 <br /> Attention: Ronald Moorse <br /> City of Orono <br /> P.O. Box 66 <br /> Crystal Bay, MN 55323 <br /> RE: 1540 Fox Street Septic Svstem <br /> Dear Mr. Moorse: <br /> This letter will certify that John and Joan Nolan have established an escrow fund at <br /> Norwest Bank Minnesota, N.A. <br /> The condition of this fund is that John and Joan Nolan have agreed to upgrade the septic <br /> system at 1540 Fox Street, Orono, Minnesota, if required by the City of Orono <br /> ordinances. In such case, if the City Administrator of Orono certifies on or after August <br /> 1, 1996 that the upgrade of the septic system at 1540 Fox Street as required by the City of <br /> Orono Ordinance has not been substantially completed, then and in such event, the City of <br /> Orono shall have the right to draw upon the escrow account for the purpose of completion <br /> of the septic system upgrading up to an amount not to exceed fifteen thousand dollars <br /> ($15,000.00). <br /> I trust this information meets your requirements. Should you have any questions <br /> regarding this arrangement, please feel free to contact me at 667-8876. <br /> Sincer <br /> � <br /> ee ar <br /> Vice President <br /> cc: John and Joan Nolan <br />