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./ • <br /> LAND USE APPLIC�_�ION ESCR W ACs�OREEMENT <br /> Application# � <br /> � <br /> AGREEMEPI7 made this�day of � k /' 201"L�y andbelw�n the CtTY OF ORONO, <br /> a Minnesota muniapal corporatton rc.�ty')and Ru�.a n L;o K:r S c otl k;«Y��,Q( <br /> [a cotporatbn-opffo�{"Owners'�. <br /> Recitals <br /> 1. Owners have ifled Zaning A�lka�on#_�_ - �9�U fonnapy requesting the City to <br /> review ptans for a } t locate� at the property <br /> addressed: i b (the"Subjed Property°) <br /> ��►aes�;�a as ; o a <br /> 2. Ownecs reyuest the City to review said ptans which requires City approval and may require <br /> consulting legal and/or enQine�ing review. <br /> 3. The City is wilNng to commence its review of the ap�ication and incix ooets associated witli said <br /> review only if the Owners estaWish an escxow to ensure reimbutsemeM to the City of�s oosts. ' <br /> NOW THEREFORE,THE PARTIES AGREE AS fOLLOWS: <br /> 1. DEPOSR OF E3CROW FUND8. Con�mporaneously with the execudon of ihia Escrow <br /> ApreemeM,the Owners ehail deposit 3 D a.0 0 vvith the City. All acaued interest,if any,shall be paid to the <br /> City to reimburse the Cityr for(ts cost in adminisbering the escxow acoount. <br /> 2. PURPOSE OP ESCROIAI. The purpose of the escrow�s to guarantee reimbursemer�t to the City <br /> for ali out-of-pocket cosb the Cihr has incurred rnduding planning.engin�ring,or legal cronsultarn revfew)or wi0 <br /> incur tn mee8ng wld�the Own�s,reviewing the plar�.and preparing agenda pscket material for City Council review <br /> of appl'�cation#�7 - 3�D�_,,. F.�g�ie expe�ses shall be c�onsistent with expenses fhe Owners wouid <br /> be responslble for under a land use applicatio�. <br /> 3. MONTHLY BiIUNG. As the City reoeives cons�dtant billa for iru�urred�,the City will in turn <br /> send a bfp�o ihe Owners. �mers shall be responsible fo�payment ta the Cit�►within 30 days of the Owners'rec:efpt <br /> oF b81. <br /> 4. D13BURSEIAENT FROM ESCROW ACCOUNT. !n tho eveM that the Owners do rrot make <br /> paYment to tlse C1ty wfthin the timeframe outlln� in i�3 above, shap cease a� reviews uur�l the �wners pay aq <br /> expenses invoiced pursuarrt to#3. The Ciry may draw from t�e eacrow ac�o�t without fwther approval of the <br /> Owne�s to reimburse the City for�igib�expenses tt�e City has lncurred. <br /> S. CtASWG E8CRQV11. The Bala�e on depaait M tlte escrow,ff any,shall be rebumed b the Owners <br /> when ail requiremeMs related�the p�ec#are complebe. C�y Staff shaU review the terms of thia escxow agreement <br /> two tlmes per yea�bo determine whether the requ�emerrts of the projed have be8n suxessfupy completed and <br /> whether it is appropriate to retum the fiunds. Owner may atso request the relesse of ihe funds,and sud�+fwxls sha� <br /> be released upon City Staft reoaivfig the appropriate uertfication that sN requmements of the projec�have been <br /> successtully compl�ed. <br /> 6. CERTtFY UNPAID CHARCiE8. if ihe proJect is abandoned by Owners,or ff the eNgible expenses <br /> ir�urred by ihe CRy excaed tt�e amotmt in escrow,ihe City shaN have the rigM ta oerlify the unpaid balance to the <br /> subjed propeRy pursuant to Minn.Stat§§415.01 and 36B.072. <br /> C1TY: OF QI�O OW ERS: � . <br /> j. <br /> sy: By; <br /> its: � lts: - <br /> Inte1'nai[lae Only: .: ... O O�igHal_b Ptnance Depar.lmeM Q C,opY tio:Z;aniny:l�te G Eopjr tio S:treet File <br /> Va�fence AAlo9cafbn—A�ay?016 <br /> Paqe 6 <br /> �y�f'�,c,t�� sc,v�T ���ct}•v��2 . ;s ,I�s�v.�l,�,�, ,�l c F��,s <br /> , <br /> ffsS�+c.�c-?� �//77� 'T�/s �y-P�L,iC�i�N <br />