Laserfiche WebLink
� � <br /> � <br /> ��'e`�� f:���� <br /> ZONING PERMIT ESCR W AGREEMENT ' ���;���,. <br /> Permit# '1-A1�- OOIp'1� <br /> 3��' <br /> AGREEMENT made this�_day of � , 20 1 , by and between the CITY OF ORONO, <br /> a Minnesota municipal corporation ("Cit�')and PS�d�1� Lt IM1�.Qrelrl ("Owners"). <br /> Recitals <br /> 1. A building permit application has been fifed for a zoning permit for a property located at <br /> �Q` � 1 !� the ("Subject Property"), legally described as LOF3� d�ocK- La Kel�v C.�v�., <br /> Hennepin C unty Minnesota. <br /> 2. Owner requests the City to review this application. <br /> 3. The City will commence its review of the application and incur costs associated with said review <br /> only if the Owner establishes 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 $ �a with the City. All accrued interest, if any, shall be paid to the <br /> City to 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 reviewing the ptan. E{igible expenses shall be consistent with expenses the Owners would be responsible <br /> for under a zoning permit application. The escrow witl also guarantee reimbursement to the City for all out-of- <br /> pocket costs the City has incurred to assure that the work is completed in accordance with the Stormwater <br /> Pollution Prevention Plan and the provisions of Orono City Code Chapter 79. The financial security may also be <br /> used by the City to eliminate any hazardous conditions associated with the work and to repair any damage to <br /> public property or infrastructure that is caused by the work (including planning, engineering, or legal consultant <br /> review) associated with permit # 2014-OOIOII if compliance with the approved zoning permit is not <br /> accomplished. <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 everrt that the Owners do not make payment <br /> to the City within the timeframe outlined in#3 above,shall issue a Stop Woric Order urrtil the Owners pay all expenses <br /> invoiced pursuarrt to #3. The City may draw from the esaow account without further approval of the Owners to <br /> �eimburse the City for eligible expenses the City has incurred. <br /> 5. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be retumed to the <br /> Owners when the review has been completed and written not�cation is received from the Owners requesting the <br /> funds. <br /> 6. CERTIFY UNPAID CHARGES. tf 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 /> CITY: CITY OF ORONO OWNER: 'LGG�%` � <br /> gy. _�,,,%��L� '1-G �—� <br /> /J - "1 , <br /> Its: '..{;z.'n�c.�-L�- �'Z'-�-� <br /> Interna(Use Only: 0 Original to Planning Department 0 Copy to Street File <br /> Updated: November 30,2012 <br />