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� - - / <br /> ZONING PERMIT ESCROW AGREEMEN <br /> Orono Zoning Permit# a0/O- DO �(o� <br /> AGREEMENT made this�_day of U� 20 I 0, by and between the CITY OF ORONO, <br /> a Minnesota municipal corporation ("City") and �o �,rbu✓a� l��rwG�� ("Owners"). <br /> Recitals <br /> 1. A building permit application has been filed for a zoning permit for a roperty,located at <br /> ��� ���-'�dY� the ("Subject Property"), legally described as � L:�I�� � ��1l /��- ,� , <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 $2a+oO with the City. All accrued interest, if any, shall be paid to the <br /> City to reimburse the City f� ~ ��ministering the escrow account. <br /> 2. PURPOS' ' `►� -�•� �� to guarantee reimbursement to the City <br /> for all out-of-pocket costs 'j���G1�4� ;ering or legal consultant review) or will <br /> incur in reviewing the pla � :nses the Owners would be responsible <br /> for under a zoning perrr (� eimbursement to the City for all out-of- <br /> pocket costs the City r ���—� I [ed in accordance with the Stormwater <br /> Pollution Prevention PI� � �r 79. The financial security may also be <br /> used by the City to eli� �� � �� n the work and to repair any damage to <br /> public property or infrz N�'�,�-"'`�'�, ,�lanning, engineering, or legal consultant <br /> review) associated wit �� � �� ��'� �e with the approved zoning permit is not <br /> accomplished. .�� �In� <br /> /VL <br /> 3. MO�' t bilis for incurred costs, the City will in turn <br /> send a bill to the O� �t to the City within 30 days of the Owners' <br /> receipt of bill. <br /> 7�IL-r� <br /> 4. DI� r/�,, In the event that the Owners do not make <br /> payment to the City w���,,..�"'1 issue a Stop Work Order until the Owners pay <br /> all expenses invoiced pursuant to ��. , ,._ escrow account without further approval of the <br /> Owners to reimburse the City for eligible expenses ir�� ..._, �rred. <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: ITY OF ORONO OW R: <br /> By: � <br /> V� � � <br /> � <br /> ItS. \ t-c.� r- <br /> Internal t�se t7�ily: �C'�r�ir�a(to;�it�ir.e.�partmettt ' �Copy#o Street Fi1e <br />