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• �, /� r � � W W � ESCROW AGREEMENT AaREEMENT made this�day of��'��i__,20(�by and between the CIT1r OF ORONO, a Minnesota murticipal corpora�on ("Ci )and �eelet$-uYw�� ("owner�s)•). RECITALS A. The undersigned is/are the Owner(s)of the Subject Property and hereby agrees to and consent to the berms and conditions of this Escrow qgreement B. Uwner has: (chedc one)� ❑ �led a zoning application# , ��Fled an application for a Building2oning Permit#2�QCl-� o Agreed to oomply with O�o�City Code Section 7&1432 regarding acoessory structures. o Filed an Individuaf Sewer Treatrnent System(fSTS)pennit application. o Requesbed to do work within public Right-0f-Way ❑ Filed a request for a Temporary Cert�f'tcate of Occupancy o Other {`Applic��on")on land sltuated in the Cit�r and located at (the°Subject Propett�');and C. The City is witling to review or monitor the Applicatfon onty if the Owner a�g�ees to reimburse the City for the adual c�sts expended by the City oA behalf of,or on account of,tive Owner. NOW THEREFORE�THE PARTIES AC;REE AS FOLLOINS: 1. DEPOSIT UI - . Cont�mporeneously with the execxition of this Escrow Agreement,the Oarner shall deppsit$ {"Escrow°) with the Cihr neoessary to secure vove►age of the totai costs associated with review, approval, and monitoring af the Applica�ion. Any Escrqw shall be held in a speciaf escrow account and shall be cxedited to the Owner. Z. P�lRPOSE OF ES�ROW. • Zonina. The purposc of the Escxow is to guarantee reimbursement b the Clty for expenditures including but not be limited to st�ff�me, at the raties established by the Ctty Council, in excess of that covered by the sbndard applic�tion fees, engineer�ng consul4nt and legal 'oonsultant expenses incurred by the City in reviewing and approving tfie Application and all other city staff administrative and consultant service.s perFormed in the prflcessing of said review and approval. ■ Bui[ in Ronin _ The purpose of the escrow is to guarantee oompietion of�e site plan as approved and the provision of the as-built survey as required by the Building oNfcfal. ■ Acc�ssorv Structure. The purpose aE tha Escrow is to guaranbae relmbursement to the Cfty tor expendltures Indudfng but not limited to staff, tlma, at the rat�es established by the City Adm�nistrabor� engineering and legal Qonsultant e�cpenses Incurred by tt�e Cfty In removing an ac�essory building if the Owner falls tfl perform the obEigations in Orono Cily Code Section 7&1432 and all other City staff administrative and cansultaM�ervic�s pertorrr�ed In removing the accessory building, including tand stabilization. ■ 1STS. The purpose of the Escrow is to guarantee reimbursement b ihe City tor expenditures includin� but not be limited to staff time, at the rates established by the City Councti, in exoess of that covared by the standard application fees, engineering consult�nt and fegal consultant expenses incumed by the City if owner for any reason is unabte or unwilling to honor the requirernents of Chapter 58 of the Orono City Code, and all othe�city ataff admi�istrative and oonsultant servioes perfiormed in neladng bo the Appllcation, The City may also reimburse itself for all engineering and legal expenses associated with tt�e construction, removai, atberahon, or repair af the IS7S if the Owner fails to do so. ■ Temoorar►►Cerklficate of Q�p$�,, The purpose of the Escrow is to guarantes campletlon of exterlor Improvements {driveway, gtass, etc.) that cannot be acoomplished due to weather canditions. January 20�7 1