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2825 Little Orchard Way - 09-117-23-21-0012
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Escrow refund-buckthorn
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Last modified
8/22/2023 5:49:25 PM
Creation date
5/5/2017 2:39:09 PM
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x Address Old
House Number
2825
Street Name
Little Orchard
Street Type
Way
Address
2825 Little Orchard Way
Document Type
Misc
PIN
0911723210012
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EROSION CONTROL PLAN / <br /> ESCROW AGREEMENT <br /> �#�' <br /> AGREEMENT made this �� day of /�Al�tn'i(��� ,20�, by and between the CITY OF�RONO. a <br /> Minnesota municipal corporation ("City")and <br /> ("Owner"). David Schwartz <br /> ReCitals 2825 Little Orchard Way <br /> Wayzata MN 55391-8301 <br /> 1. Owner has filed an erosion control plan for a buckthorn removal project located at 2825 Little <br /> Orchard Wav the"Subject Property")as more fully shown and described on Exhibit"A"attached hereto. <br /> 2. Owner requests the City to review said plans which requires City approval requiring review and <br /> approval by but not limited to the following City Staff: City Engineer, City Attorney, City Inspector and Planning Staff. <br /> 3. The City will commence its review of the application and incur costs associated with said review only if <br /> 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 Agreement, <br /> the Owner shall deposit $2000.00 with the City. All accrued interest, if any, shall be paid to the City to reimburse the <br /> 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 for all <br /> out-of-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 used <br /> by the City to eliminate any hazardous conditions associated with the work and to repair any damage to public property <br /> or infrastructure that is caused by the work (including planning, engineering, or legal consultant review) associated with <br /> the buckthorn removal project. If compliance with the approved erosion control plan is not accomplished within the <br /> allowable time period,the City may bring the project into compliance by use of the security. <br /> 3. RIGHT OF ENTRY.The Owner hereby grants the City, its agents, employees, officers and contractors <br /> the right to enter the property to perform all work and inspections deemed appropriate by the City in conjunction with the <br /> required erosion control measures, including but not limited to constructing or completing any and all of the agreed upon <br /> improvements should the Owner's contractor not complete those improvements by the date specified herein. <br /> 4 MONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will in turn send <br /> a bill to the Owner. Owner shall be responsible for payment to the City within 30 days of the Owner's receipt of bill. <br /> 5. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Owner does not make payment <br /> to the City within the timeframe outlined in #3 above, the City may draw from the escrow account without further <br /> approval of the Owner to reimburse the City for eligible expenses the City has incurred. The City shall notify the Owner <br /> of such draw and the nature of the expense for which the reimbursement is being made. If the Escrow amount falls <br /> below 75% of the original escrow amount the Owner shall deposit additional sums as directed by the City, or the City <br /> shall discontinue all review. <br /> 6. CLOSING ESCROW. Any remaining amount of the financial security deposited with the City for <br /> faithful performance of the plans and specifications and any related remedial work will be released after the completion <br /> and inspection of all such measures and the establishment of final stabilization,for the permitted site or common plan of <br /> development or sale. <br /> 6. CERTIFY UNPAID CHARGES. If the project is abandoned by Ow or if the eligible expenses <br /> incurred by the City exceed the amount in escrow, the City shall have the right certi the un aid balance to the <br /> subject property pursuant to Minn. Stat. §§415.01 and 366.012. <br /> CITY: CITY OF ORONqj OWNER: <br /> l/ � <br /> gy. �A �A By. <br /> Its: � ��=-�-�v Its: �(,tl,U�t� <br /> Internal Uae Only: G Orlgival to Flnance Department O Copy to Street Fil� <br />
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