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. � <br /> LAND USE APPLICATION ESCROW AGREEMENT <br /> Building Permit 2011-00616 <br /> Application #11-3522 <br /> �f /e <br /> AGREEMENT made this�day of � �-(.��r 20 � I , by and between the CITY OF <br /> ORONO, a Minnesota municipal corporation ("City") nd Nancy Bigos ("Owners"). <br /> Recitals <br /> 1. Owners have filed Building Permit Application 2011-00616 and Zoning Application 11-3522 <br /> formaliy requesting the City to review plans for an addition located at 3350 Fox Street (the "Subject Property") <br /> legally described as Lot 4, Block 1, Fullerton Estates, Hennepin County, Minnesota. <br /> 2. Owners request the City to review said plans which requires City approval including engineering <br /> and legal 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 $2,500 with the City. All accrued interest, if any, shall be paid to the City to <br /> 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 building permit application 2011-00616 and zoning application 11-3522. Eligible expenses shall be <br /> consistent with expenses the Owners would be responsible for under a zoning and subdivision 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, shali 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 /> � <br /> CITY: CI O OWNERS: <br /> c <br /> BY� ` By: / <br /> Its: �C � B : <br /> Y <br /> Internal llse Only: D Original to Finance Department �Copy to Zoning Eile � Copyto Street File <br />