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Buffer improvement escrow agreement-2008
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Buffer improvement escrow agreement-2008
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Last modified
8/22/2023 4:57:53 PM
Creation date
3/8/2017 10:30:08 AM
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x Address Old
House Number
460
Street Name
East Long Lake
Street Type
Road
Address
460 East Long Lake Road
Document Type
Misc
PIN
3511823140003
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' �� ''-i '^' � . <br /> ► <br /> 4. DISBURSEMENT FROM ESCROW ACCOUNT. If the City suspects or knows <br /> of any matter cited above that is not completed correctly and in a timely fashion, it <br /> sha11 first make demand of Owner to make any necessary corrections or to take other <br /> prudent remedial measures within a 5 day time period or, if reseeding is required, <br /> within an appropriate time. If Owner is unwilling or unable to honor its agreement as <br /> determined by the City, the City may draw from the Escrow Account, as necessary. <br /> . The remedies afforded to the City under this agreement shall be in addition to any <br /> other remedies which the City may be entitled by law or equity or other <br /> agreement. <br /> 5. CLOSING ESCROW. The escrow, less any eligible expenses, shall be returned <br /> to the Owner two growing seasons after planting if the planting is successful. If <br /> substantial portions of the plantings are not successful after one planting season <br /> the City may hold the escrow for an additional planting season. If substantial <br /> portions of the plantings are not successful after two planting seasons the City <br /> may hold the escrow for two additional planting seasons. <br /> 5. RIGHT OF ENTRY. Owner grants to the City, its agents and its employees, the <br /> right to enter on the Property for the specific purpose of inspecting or completing <br /> the improvement of the buffer should Strong Arm Construction Services, LLC, <br /> not successfully establish the buffer planting. <br /> CITY OF ORONO <br /> BY: <br /> IT'S {`�-`'�c�.....`__ ;< <�..��� <br /> OWNER <br /> BY: <br /> (Print name: Jcc-C'o� .c�z^�,-a..,.) <br /> IT'S�feS��C�✓t� <br /> Page 2 of 2 <br />
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