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2017-00076 - escrow fee
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669 Minnetonka Highlands Lane - 06-117-23-44-0007
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2017-00076 - escrow fee
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Last modified
8/22/2023 3:15:45 PM
Creation date
7/17/2017 9:35:44 AM
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x Address Old
Address
669 Minnetonka Highlands La
Document Type
Permits/Inspections
PIN
0611723440007
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BUILDINGt PERNIT�3CR0 aoR��r <br /> ' Orora guildi�Parmit�t — ..�'jD �7 3 <br /> � AGIREEMEN7 masle this �daY of V 20:.�, ('�Y and beiween thg C1TY O� QRON�. a <br /> tuinnesata munidp�corPora6on t"Cnyy ar�d „_�_/�V1 P !T cc.q. � a�';. <br /> R�� �h ieldS <br /> 1. A bu(Idng aPP��� beett �led br tac��i at <br /> ihe C3utiject Pndpert�'1► 1+9g�py d�ibeid ss <br /> 2. Owners nequ�t the Qty 10 re�rlen�r �is�applica�on � requlr� (�y.�ppr,c�i and may �quire <br /> oonsultant lega�l and/or�ngine0drtip�vi�e,y. <br /> 3. The qiy yvlp oomrr�nce ira re�iaw of U�s appti�a�on a�Incxu cvsts�ad wl�Said revlew only if <br /> the O+�ner selab('�shes an escrow b ensure reimburaemer�t 1��f�of tts c�s�. <br /> NOlW THEREFQ�,TME PAFlT1Eg ppREE AS Fq4LOWS:. <br /> 1. DEi�O�IT qF ESCRpW FUND�,. Coa�mpcxar�sly vrilh�the axe�on ot th��cxnMr.Agreement� <br /> the�wners shall c#eposit r2,500 wllh the City. 1411 a�crueti in�ii 8ny,sh�ll bs p�id bo the t;ity to r�imbu�se tt�e Giy <br /> f�or its coet in admin�sle�ing�e escrow ai000�mt <br /> L PURPO8E W=ESCROW.ThA purpose ot the eeG+ow Is�o g�ranlae relmburseme�rt�Eo tl�e qty for all <br /> out-of-Pocicet oosbt the Clly has inounad G�ex�n8 PlanNt�,e�9lneering,tn e�a�s ai 5500.a I�aor+s�lant++s+dew) <br /> or wN)kw�lo teviewir�g tl�e plan.6lgible eocpenees shaB h�s�nslsbe�tt wKh e�e�nses the Ownets wiould he re�onsi6le ; <br /> br under a b�lding gentit app6�oe-The e�a�rv wi�also�araMee reirnbursement to the qty for a�out-of:�poc�t <br /> oo�iha Cily has incurred�asaure that ihe vr�alc f�s�anplebed in aooadanr.�wim ihe S�rmwaier PW uUon Previsntlon <br /> Plen�nd tl�e provisions ofarora C�ty Code C�r 79,rne�nanc�.ae�,r�►meu►a�o t,��sea�y�e a�►m e��na� <br /> am►na�dous co�aesodaiea wia,the vra�k ana Dp repairany c�maqe iu p�a praaenr���r,�ruc�ur�a a�at is <br /> tteused by tne work Gncludn9 P��O, engirieeri�, w I�1 oot�u�t rev�eay) assvciabed wltli buNd�rg pennit <br /> ��I7-pabZ3 if oompiance rrith ihe appKwed t�lin�pe�rrd#�a not et�comp�hed. d <br /> 3, MONTHLY BIWl�Iti. As�e qty rer,�ive�:Consuhant b�ls far lncurred co�,tl�e Ci�jr y�i8 In tum send a s <br /> ht��a ria owriers, ownec�.$lra�be nespon�tb�br�ymant brd nie�c��r�►r,�..ci�ys ar the owners��pt of bB. <br /> 4, DI$BURSE#IByT 1�tON E$C�iflVY J�UNT. In tfw wrent�heE t�9 Owne�s dc not madce paymeni to iho <br /> �rly withlh the fanefravne outltned in�13 abave,st�11 i�a Stiop Wotic flrder tinGl the Orrnsrs,�r sll <br /> pursuent to 113. The��iy mey draw hsxn the eecxaw ac,�ou�t�ItNout tuKhet�aPPh�v�of the Owners tio rein�ibu��rse fhe G'� <br /> etl�ibla e�enses the Clty Itias fnourred. <br /> S +CL+OSIFK#E�A4w. Tt1e Bala�e on depo6it tn the.esarow,if any, stieY be r+s�n�d to g►e Ownerg <br /> wri�n ap requinemerqs rela18�!�o ihe pr+oject sna�a�thPlete Cit�r 31�if shaU t�evfew the te�of tl�is escmw a�em�nt <br /> tw�o�nes:per year�o deiarmine whefher ihe requiremeMs of th8 prk�jecct hanrb t�een e�fiul�►aomp�ed ar�wheth� � <br /> It I8 apprt��ia0s fo retrm�ihe fur�s_ Qwner rrtaY a�tsb�.��aise d 1he iunds,and such fun�sh�!be n�leased <br /> upon City Siaff ieoeivi� �he app�+opria� �ttlo1► tliat atl raqufnemenls of the p�Ject have 6eer► s�essiuUY � <br /> compt�ed. <br /> Y <br /> 2 <br /> 6. GERTIFY UAfPA� CHARGES. E��he pro)ec,K is abar�d b!►Owners, or�f tlie ei�i�ie sxpenses 3 <br /> �ncumed by the qty exoaed#ie amount in escrow.�he.Cfy shedt hav�e tl�e r�ht b cer�r the unp�d belanoa tathe subject . <br /> property pursuau+t�o Mc�n.S'�ii.��415.Ot a�1368.0f2 � <br /> tt�'f'Y: CFTY OF ORONO p� ` <br /> gY �11�- � .-'''�"" ��_--__�y ? <br /> ,�: � � s � <br /> ���;�: , : �.�� ��� <br /> =��.: �_��..�-�. <br /> �ere.asr.tJpa�Ar�yarar2ots � <br /> Aay�a29 � <br /> a <br />
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