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` . <br /> � ' ✓ <br /> I,AMD US�ApPLICATION Ap EENA <br /> AppHcatian`#��- ��� , <br /> . AOREEMENT made thfs�day of ,�'- ,� 20 ��� by end b n the CITY OF � <br /> ORONO,a MMnesota municipa�corporation(°Cif�')and � <br /> (a cwporation—optlonelj("Owners'�. i <br /> Rec�ls � <br /> 1. Ownere hav fl n Use App p����yqf8rtnally requeetin�the City to review plans � <br /> for the property addressed: the '3ubject Property") IepaUy <br /> described as SGt j <br /> 2. Owners roqueat the Clty to revfew sald plans which requfres City approvel and may re�ire <br /> conaulHng fegal and/or en�inaering review. <br /> S. The CUy is wllling to c�mmence tts revlew of the appNca�on and Incur costs aasociated wRh seid <br /> revlew only�the Owners esteblfsh an escrow to ensure refmburaemotrt to tha City of fts aosts. � <br /> NOW THEREFOR�,THE PAR71E8 AGREE AS FOLLOW8: ; <br /> 1, DEP081T OF ESCRO FUND Cor�temporeneousty with the execution of this Escrow I <br /> ,48r�ment,the Ownete ehsll deposit �ith the Clty. All axrued irrterest,ff a�ry,shafl be paid to the ; <br /> City to relmburse the Clty for it�coat in a ministering the eacrow account. i <br /> 2. PURP08E OF ESCROW. 7he purpo�of the esarow is to guarentae relmburserr�ent to the Ct�r ' <br /> for all out-of-pock�costs the City hes fncutred(Inciuding planning,enginee�lr�,or legal consulfant review)or uvAl � <br /> incur in m�ting wlth the Owne reviewin the pi�ns, and pr+ep�ing agenda padcet materiel fbr Cl�r Councll <br /> revlew.of Land Usa AppUcallon �I�q�le axpensea shall be consistent with expenses the Owners <br /> would be responsible for under a land uae appl aatlon. <br /> 8. MONTHLY BII.LfNO. Ae the City receivea conaultant b(Ils for incurred coats,the City wi11 in turn <br /> send a bilf to the Owners. Owners ehell be responaibie for peyment to the CKy wRhin 30 deys of the Owners' <br /> reoelpt o#bill. ' <br /> 4. DISSURSEMENT FROM E8CROW ACCOUNT. In the everit that the Ownars do not make � <br /> payment ta the City within the timefreme outiined in #3 above, shali cease afl reviews ut�tB the Ownera pay all , <br /> axpenses.invoiced pursuant to#3, 7he Cky mey dcew from the escrow ecx�nt wfthout further approval of the <br /> Owners to�elmburse the City for eligible expens�the CHy h�a incurred. ' <br /> � <br /> 8. CLOSING ESCROW. Tfie Baler� on de�sit In the escrow, if any, shatl be returnod to the <br /> Owners when all requirements related to the proJeat are compl�a. City Staff shaN review the terms of this escrow � <br /> a8reoment trvo dmea per year to determine whet�e� �e requiremer�ts of the prro�t have been succeasfuliy <br /> oompleted and whether it ts appropriat�to retum the funda. Owner may aleo request the release of the funds, � <br /> and aur.h funds ahetl be released upon Cfty Steii reoeiving the approprlato veMftcation that aii requlremerds of the <br /> project have been sucoeeafully completed. � <br /> 6. C�RTIFY UNPAID CHAROES. Ittl�e proJeat is abar�loned by Owners,vr if the eligible expenaes <br /> Inaurred by the Cfty exceed the amourrt in escrow,the Cit�+shail have the right to cerHfy the unpaid balance to the <br /> $ubjed property pu�suant to Minn.S�t.§§816,01 and 368.092. <br /> C�TY: CITY OF ORONO OWNE� � <br /> t3 By; i;,Ei. ''� � ' <br /> V <br /> ItS: � �e�- lls: <br /> ��F� ._ .���. _�� _k������l�l��:_._ ,�s����iiing':�'ill�.z_.��AY�.�:.�.�a'Ue ' <br /> I�1#��!���e�Oqly���.%' � ON' �T:bo'F <br /> Updated: January 2014 <br />