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SUILQING PERMIT ESCR�W AGREEMENT <br /> Orono Buiidi�g Permit#2012-D0303 <br /> AGREEMENT made this��da of 20 t 2 b and betv✓een the CITY OF ORON <br /> Y � , Y <br /> Minnesota municipal corporation("Cizy"}a�d Chris opher Dahl and Deborah Ho�p("Owners"). <br /> Recitais <br /> 1. A building permit appiication has been filed for a swimming pool IocatEd at 130Q French Cre� <br /> rive the{"Subject Pr4perty"),legaily described as Lot 7.Black 2, French Creek,City of Orono, Hennepfn Cour <br /> iinnesota. <br /> 2. Owners req�es#the City to review this application. <br /> 3. The City wili commence its review of the applicatian and incur cosis associated with said revie <br /> �ty if the Owner establishes an escrow to ensure reimbursement to the City of its costs. <br /> OW THEREFORE,TFiE PARTlES AGREE AS FOLLOWS: <br /> 7. DEPOSIT OF ESCROW FUNQS. Contemporaneously with the executio� of this Escrc <br /> gresment,ihe Owners shaii deposii 52.500 with the City. Ail accrued interest, if any,shall be paid to the City <br /> airr�burse ths City for its cast in administering the escrow account. <br /> 2. PURPOSE OF ESCRQW.The purpase af the escrow is to guarantee reimbursement to the C <br /> u all out-of-pocket costs the City has incutred (mcluding planning, engineering, in excess pf $500, or tec <br /> �nsuitant review) or wi11 incur in reviewing the plan Eligibie expenses shaii he consistent with expenses t! <br /> �wners wouid be responsible far under a building permit appiication. The escrow wiil aisa guarant+ <br /> >imbursemenC{o the City for ai(out-af-pocket costs the City has ineurred to assure that the work is compieted <br /> �cordance with the Stormwater Poliution Preventio� Pian and the provisions of Orono City Code Chapter i <br /> he financial security may aiso be used by the City to eliminate any hazardous conditians associated with t' <br /> ork and tc�rep2ir any damage to pubiic propeRy or infrastructure that is caused by the work(including plannio <br /> ngineering; or iegai consultant reviewl assaciated with buiiding permit #2Q12-00303 if compAance with ii <br /> pproued buiiding permit is nat accomptished. <br /> 3. MONTHLY BILLING. As the City recsives consultant bilis for incurred casts, the City wili in tu <br /> �nd a b+ll to the Ownsrs. C?wners shait be responsibie for payment to the City within 30 days of the Owne <br /> �ceipt of hili <br /> 4. DISBURSEMENT FROM ESCROW ACCOUNT, In the event tnat the Owners do not make payme <br /> �the City withm the timeframe outlined in#3 above,shall issue a Skop Work Order untii the Owners pay aif sxpens <br /> :voiced pu�suant to #3. The City rnay draw frorn the escrow account without further approvaf of the Owners <br /> �imburse the City for eNgibla expenses the Giry has mcurred. <br /> 5. CLOSING ESGROW. Th� Balance an depasit in the escrow, if any, shal! �e rewmed to t; <br /> �wners when the review has been completed and written notification is received from the Owners requesting ti <br /> mds. <br /> 6. CER7lFY UNPAID CHARGES. If the project is abandoned by Ownerc,or if the eligible expens <br /> curred Gy the City exceed the amount in Escrow,the City shall have the riqht to certify the unpaid balance to t: <br /> �taject property p�rsuant to Minn.Stat. §�Q15.0': and 356.Q12. <br /> �`f <br /> � <br /> ITY:,�1 OF C�RONQ E . <br /> y r �r r ��V`-� y ��v— <br /> �ts � 4' `�-' G�d�'�',�/ — <br /> � � <br /> ftemat iJ:se Qnty; ,, :"�Kh3gfn�il ta'Ptanrz`m� ,+. 'C'#�opy,�'�p�*f3�rt��r ;.:�,i Copy#o Stree�,Eiie <br />