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ZONING PERMIT�R�W A�G�,,�MENT <br /> � Permit# <br /> AGREEMENT made this 1_day of � 20�by and between the CITY OF ORONO, <br /> a Minnesota municipal corporafion ("City�and P�I�dn�l- LiuldlllrCN1 ("Owners'�. <br /> Recitals <br /> 1. A building permit application has been filed for a zoning pem�it for a property located at <br /> � l � 1 I !r the ("Subject Property'�, legally described as LA�'3� L3L�t.K- I � kCIIV �Vt�, <br /> Hennepin C unty Minnesota. <br /> 2. Owner requests the City to review this application. <br /> 3. The City will cammence its review of the application and incur costs associated with said review <br /> onty if the Owner establishes an escrow to ensur+e reimbursement to the Ciiy of its costs. <br /> NOW THEREFORE,THE PARTIES AGREE AS FOLLOWS: <br /> 1. DEPOSR OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow <br /> Agreement, the Owners shall deposit$ �� with the City. All ac�crued interest, if any, shali 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-podcet costs the City has incurned(inciuding planning, engineering or legal c�nsuttant review)or will <br /> incur in reviewing the plan. Eligble expenses shall be consistent with expenses the Owners would be responsible <br /> for under a zoning permit applicafion. The escrow will also guarantee neimbursement to the City for all out-of- <br /> pocket costs the City has incurred to assure that the work is completed in acxordance with the Stormwater <br /> Pollution Prevention Plan and the provisions of Orono City Code Chapter 79. The financia! 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 properly or infrastructure that is caused by the work (includ'mg planning, engineering, or legal cflnsultant <br /> review) associated with permit # ZOl4-001077 if compliance w�h 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 C'ity within the timeframe oudined in#3 above,shall issue a Stop Work Order urrtil the Owners pay all expenses <br /> invoiced pursuaM to #3. The City may drawr from the esaow accourrt wittwut further approval of the Owmers to <br /> reimburse the Gty for eligibte expenses the Ciiy 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 writfien notficafion is received from the Owners requesting the <br /> funds. <br /> 6. CERTIFY UNPAID CHARGES. if the project is abandoneri by Owners, or if the eligible expenses <br /> incurred by the City exceed the amount in escrow, the City shall have the rigtrt to certi�y the unpaid balance to the <br /> subject property pursuarrt to Minn. Stat§§415.01 and 366.012. <br /> CITY: CfTY OF ORONO OWNER: <br /> � <br /> By: <br /> Its: � <br /> Interrial Use OnCy:-° ��i�ginal fo Planning.Qeparhneirt D Capjr#o Street�Fiie <br /> Updated: November 30,2012 <br />