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9 � , <br /> BUILDING PERMIT ESCROW AGREEMENT <br /> Orono Bul(ding Permit�13-01295 <br /> AGREEMENT mada this day of , 20� by and between 1he (,yTy OF ORONO, a <br /> Minnesota municipel corporation("C Anthony nik 8�Ca Kuznik("Owners7. <br /> �� <br /> 1. A buUding permit application hes been filed for rtew stngle famlly home and pool loceted at 1065 <br /> Linden Lane,the{`Subject Property"), legally described as: Peroel !:Lots 6, T, 8, snd 9, 'Unden Beach; tagsther wlth <br /> the West one-helf of vacated Unden Lene. accru/n�thereb,acoo�ding to the p!ffi ft�e�af on fl/e ar of�aord in the ofl9os <br /> of Hte County Reoaaier In and f+or said CouMy;Pa�s!2 Thst pa�t of tots �0, 11, and 92, `LNxlen Beech"descrfbeai as <br /> fi�!lows:Be�innr�ur�g at the Sou[hw�est caner of Lot 10;thence F_ast e/a�the Saltlr llne of ssid Lot !0, a dJstar�e of 84 <br /> fiaet; t1�e►'►oe Northwesterly eJa►g a Nne. whlch woWd iMerBect the North l!� of Lat 12 st 8 polnt 185 feet East of the <br /> Northw�st ca»er of tot l2 b a pdnt whlch is 52 fieet Southeasterly msesumd alonQ s�d�ne fram the North 1lne vf L�v <br /> !� thenoe Weat perBAe/ wlth the Nath 11ne af Lot �2 to tl�e W�eat lTne of sald Lo� the»ce Sou�easteuly afong tire <br /> Westerly bnes of Lots 12, 11. and 10, b the panf of beglnMng, lndudfn�one-irslf of Unalen Lane, vacafed, adJoiMng <br /> ssid Lots on the Westerfy bound�y, end fhe vecated Linden Lane. ln !ts er�tlrety, adjd►un0 sel�Lot 10 0» !fs South <br /> boundery�acc�a�diny to!he map oer p/at there�o�a fNe and of recad In the oli�ce of the Cow�y Reoorder in and!or sald <br /> Cour�y and State,Hennepin Cout�[y Minnesota. <br /> 2. Ouvners request the Gty to r+evieow this epplicetion. <br /> 3. The City wlll cammence its review of ttre appUcatlon and incur costs associated with said neview only If <br /> tt�e Owner establishes an escrow to ensure relmbursemer�t m fhe City�Its c�. <br /> NOW THEREFORE,THE PARTtE$AGREE AS FOLL.OYY'8: <br /> 1. DEPOSIT OF ESCROW FUNDS. Contempo�aneously with the exea�on of this Escrow A�r+eemeM, <br /> the Owners shall deposit y2,500 with tfie qiy. All acc�ued intsrest.If any,shall be paid tv tFte Cily to r+eimbur�e the Ciiy <br /> for its cost in administiering ihe escx+ow acxourrt. <br /> 2. PURPOSE OF E8CROW.The purpose of the esa+oMr is to Quarar�tee reimbur�ern�t bo the City for all <br /> out-of�ocket c�csts the CNy has irxxm+ed{including planning,engi�ering,in exc�ess of$500,or legal consultant revieow) <br /> or wifl incur in neviewing the plan. Elfgible expenees shaN be c�onsistent with expenses the Owners w�id be rosponsible <br /> far under a building permit application. The escrow wlll also guarantee relmbursement to 1he Ciiy for all out-of-�ocket <br /> costs the Gty has incurned to assure lhat the work is completed in acvordance wlTh the Stortnweber Pdlution Pre�entlon <br /> P�an and the provisions af Orono Gty Code C�r 79.The finar�clal secuhty may elso be us�d by the Gfy to eRminate <br /> any hazardous cbndhlons sssociated with�he work and tio r�epair any damage to public property or IMrsstruch�re that Is <br /> caused by the work (lncluding planning, en�i�ring, or legal consult�M review) associ$ted wHh building parmit <br /> �15-01283 If oomplience wlth the approved buildi�permit is not accomplished. <br /> 3. MONTHLY BIWNG. As the Ciiy reoeiv�es oonsultant blNs for Incurred c�s,tNe(�ty yvlll In tum send <br /> a bill to tlu Owners. Owners sheli be rospo�ible for payment to the City within 30 days of the Owners'r+ec•sipt of bfil. <br /> 4. DISBURSEMENT FROM ESCRQW ACCOUNT. in the event that the Owt�ers do not make payment <br /> to the Gty within tlie timeframe outltned in#3 above, shell issue a Sbop Work Order until the Owners pay ali e�cpenses <br /> invoioed pursaarrt fio �Ki. The Gty mey draw from the esaflw account wltFwut furthe� approval of tlie Owners fio <br /> reimburse the City for eligible expenses the City has incurted. <br /> 6. CLOSING E8CR�V1l. The Balence cn deposit in the escxaw, ff ar�y.shall be retumed to the Owners <br /> when the revlew has been campleted and wrltten notiflcatlon is re�from the Owners requ�6ng 1he fur�ds, <br /> 6. CERTIFY !lNPAID CHARGES. If the project is abandoned by Owners, or if the eliglble expenses <br /> incurned by the Cit�r exceed the emourrt in escrvw, the Cliy shall have the �ight bo certlfy the unpaid balance bo the <br /> subJect property pursuant to Minn.Stat.§§415.01 and 386.012. <br /> CITY: ITY OF RONO OyyNER; � <br /> BY: � � <br /> Its: � Y <br /> - - .- — - ._ _ ...________ ._ . ...._.._._...,_ _._.. -�_� <br /> . .... '��. . .. _ �.;-xl.����T�s�"�!!� <br />