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t <br /> ZONING PERMIT ESCROW AGREEMEN <br /> Orono Zoning Permit# 0�4/D-DO�(O� <br /> AGREEMENT made this 2�day of U� , 20�0, by and between the CITY OF ORONO, <br /> a Minnesota municipal corporation ("City") and �,o w,rbara b�rwL(� ("Owners"). <br /> Recitals <br /> ir A building permit application has been filed for a zoning permit for a rope_ , ,located at <br /> ��� the ("Subject Property"), legally described as _�'_�.P'� Q� ��j�.(�j�f- � , <br /> Hennepin County Minnesota. <br /> 2. Owner requests the City to review this application. <br /> 3. The City will commence its review of the application and incur costs associated with said review <br /> only if 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 <br /> Agreement, the Owners shall deposit $Z.�O with the City. All accrued interest, if any, shall be paid to the <br /> City to reimburse the 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 <br /> for all out-of-pocket costs the City has incurred (including planning, engineering or legal consultant review) or will <br /> incur in reviewing the plan. Eligible expenses shatl be consistent with expenses the Owners would be responsible <br /> for under a zoning permit application. The escrow will also guarantee reimbursement to the City for all out-of- <br /> 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 <br /> used by the City to eliminate any hazardous conditions associated with the work and to repair any damage to <br /> public property or infrastructure that is caused by the work (including planning, engineering, or legal consultant <br /> review) associated with zoning permit # df0/O-OlJ(o(p/if compliance with the approved zoning permit is not <br /> accomplished. <br /> 3. MONTFILY BILLING. As the City receives consultant bills for incurred costs, the City will in turn <br /> send a bill to the Owners. Owners shall be responsible for payment to the City within 30 days of the Owners' <br /> receipt of bill. <br /> 4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Owners do not make <br /> payment to the City within the timeframe outlined in #3 above, shall issue a Stop Work Order until the Owners pay <br /> all expenses invoiced pursuant to#3. The City may draw from the escrow account without further approval of the <br /> Owners to reimburse the City for eligible expenses the City has incurred. <br /> 5. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to the <br /> Owners when the review has been completed and written notification is received from the Owners requesting the <br /> funds. <br /> 6. CERTIFY UNPAID CHARGES. If the project is abandoned by Owners, or if the eligible expenses <br /> incurred by the City exceed the amount in escrow, the City shall have the right to certify the unpaid balance to the <br /> subject property pursuant to Minn. Stat. §§ 415.01 and 366.012. <br /> CITY: TY OF ORONO OW R: <br /> By: - �� <br /> � <br /> �tS: � C..l.. !" <br /> ,w�, �� M� � <br /> .. . . .. ..�.,,, v�*.�'�...,�n��r „ .��•,... .,..... ....., ,.� .�W,,..�a .k.. � �,., ,�����.,.,._ . �, _n. � .� ..�. <br />