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� . --• <br /> BUILDING PERMIT ESCROW AG�EMENT <br /> Orono Bulidirp Penrdt�Z013-01253 <br /> AGREEMENT mede this �y o� .20� by�d between the qT1f OF ORONO, a <br /> IuHnneaota munidpal corporation('C AMhony ik 8 e Kumik(`Owr�s�. <br /> � <br /> 1. A bt�np pem�t applica� t�aa been filed for new ��le farnily twme end pool loceted at 1065 <br /> Linden L.ane.tl�e('3ubjecc:t Property"),legally de�ribed as: Parae�1:Lots B. 7, 8, and 9, 7.In�J{en Bsach' together w�h <br /> the West one�lf of vac�ed IJnden l.arre, aoav/ng tt�ereb,ec�ordMg to the�at ihereof orr flk a oir�c�a�d 1n Hie ofios <br /> of bhe County Reaord�er!n and br sa�Courrty,�Pan�e!2 Thst psrt o!Lots 10, 19, end 12, 7Jr►den 8eech'de�cribed ss <br /> lbllarvs:BeBinning at the Soudnrest caner of I ot 10;thence East alorp the Soudh 8ne of ad�d Lot t0, a dlstanoe of 84 <br /> tiaet; tl�enoe Northw�erly s�aig a qne. which w�a�d fnte�►+aed the Nbrth Ane of Lot 12 �s po/r� 186 feet Eest of tl�e <br /> No�thw�est oo+rier of tot 12 b a pdnt whldt!s 52 fi�et Southea�eeriy mee�ed alaurg s�d Ar�e frvm the North Nne of Low <br /> !� thertce West psr�el wlth tite North qrre af Lot 12 to the Wesf Mie of sd�d Lo� d�eru:s Sou�hea�te►iy �or� the <br /> Westerly arles of Lots 1� 1�. and 1Q, to the pdM of be�i�lnp, lndtrdln�one-hslf of Unden Lane. vac�ed, sdjdnlr+g <br /> sald Lots on the Weste►!y boundary, end the vecsted LJnden L�re, !n Its er+dYe�ty, a�aiNng aald Lot 10�1ts South <br /> bounala►Y.a000r+ding b the map or��S��oiort e fl!e And of rec�ar+d M the ofl)ce of the Coun[yy Reoorder in er�d fior s�d <br /> Cour�y�d�e,He�nn�pin Cou�Ny Mf�neaote. <br /> 2. Owners request the Clty to�vie�w this eppRc:atlon. <br /> 3. The Cityy wlll oort�mence its review o#the applicatlon and 1na�oosts asaoc�ated wNh s�d review or�y If <br /> ttre Owrrer establlshes an escr�oar to ensure roirt�ursement�the City of its co�ts. <br /> NOW THER�RE�THE PARTIE8 AGREE AS FOLL�IY8: <br /> 1. DEPO�IT OF ESCROYY FUND8. Contempaaneously wllh the exea�lon af 1F�s Escr+aw AQreemerrt, <br /> 1he Owners shedl deposit a2,500 with the City. All acc�ued in�erest, If arnr,shall be peid�the Cily to reimburae the Cliy <br /> for its coet M adminis6ering ihe escr+�w accourrt. <br /> 2. PURPOBE OF E8CROW.The pwpose of the eac�r is to gua�aritee r�mbusernent fio tfie City for an <br /> out-0f�odcet crosts itte Clty has irecx�r�ed(ind�n� planMng,en�ineerlr�.in exossa of�500,or lepel consulCant revie�w) <br /> or w�incur in reviewing the pl�. Eligible expens�shaB be c�sis�ent wiih aocpenees the Owners wo�d be rosponsibls <br /> for t�a bull�ng permlt applic�ition. The eaao�nr wlll also�antee reimb�asement to the Ciiy for all out-af-podtet <br /> t�the Gty has incurr�ed bo assure lhat the wrorlc is�leted fn acoordence wHh the 3tortnwaber Pdlutbn Prev�entlon <br /> Pien and the provi�ons af Orono City Code Chapter 79.The firrendal seaxity may�so be used by the aty ta e�nate <br /> a►ry F�rda�s Conditlons as�odeled wlth Uie work and�o r�palr anY���P��ProPeKY or IMresdvcture that is <br /> caused by tFre waic (induding planMng� en�ne�inp, or le�l ocnsul�t r�evlew) associated wMh bulldlnp Pwmit <br /> �13-0128H If oompli�ce with the approved bulidr�peimit is not accompNshed. <br /> S. MONTHLY BIWN�i. As the Gty raoeiv�es aonsultant bfls for Irxurred c�s,the Ciqr wlll in tum send <br /> a blll to tlu Owners. Owners sheti t�responsibls for p�yme�t to the City within 30 days of ihe Owners'r+ecapt of bill. <br /> 4` DISBURSEMENT FROIIA ESCROW ACCOUNT. In the ev�ent lhat the Ow�ers do not make payment <br /> �o tl�Clty witl�in the�meframe outltned In#3�ov�e,shell �a Sbop Woric Order uMil the Owners pey all eupensea <br /> fmia�ea p�,rsuant m �a. rr�e cny may �aw fnom u�e «cx+c�w aoca,M wrn,out fu� �ra� of tr�e owners bo <br /> reimbuBe the City for elfgible expenses the Gty has i�. <br /> S. CLOSlNG E8CRO�N. The Balanoe on depo�it in the e�atiw, if any. shall be r�etumed to the ONmers <br /> when the revlew has been oorr�pleted and wrttf�en notiflcatlon is reoeived from tt�e Owners requesdng the fi�ds. <br /> 8. CERTIFY UNPAID CHAR�iE8. If fhe proJect is ab�ndoned by Owners� or if the elipible e�enses <br /> incurned by the Ciiy exoeed the amourrt in escxo�w, fhe Clly shall hav�e the riy�t b verdfy the t�paid bel�x�e �o the <br /> subJed property pursuant to AAinn.Stet§§415.01 and 386.012. <br /> CITY: OF RONO OVYNER: ^ <br /> BY: <br /> Its: <br /> �,,, _ _. . -•---- .. . �.'�..�'�.���Y. ,. ,- <br />