2015-00015 - escrow tied to 2015-00014

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. � BUILDINC�PERMIT E8CRQW At3REEMENT Clrona Buiiding Penrtit#2018-�Q14 At3REEMENT made thia Znd day of February , 2015, py and beNveen the ClTY OF 4RQN0, a Minnesa#a municipal cx�rparatian ("City")Steve and Stacia Andersen ("Owners"). $��'!� 1, A building permit �ppitcatfan has� bee�n flled a new singlo family home locabed at 597 Femdab Road Nr�rth the ("Sub)ecf Property"), legally described �ts Thet part af the North Hal�of the Sautheast Qu�rter of the Nartheest Querter of Sectron 36, Township 118 North, Range 23 West of the 5th Princlpe! Merldlsn, described ss follow�: Beginning at a po�nt in the South ilna af said Narth Nalf ai the Sca�theast Quartar of the Northeast Quarter, diatant 211 feat Esst of the Southw�s�comer th�rsof; thence East along safd South Ilns 33Q feet; thence at a right angle Narth 344.5 feet; thencs at a right ang/e West to an interseetion wlth a iine running from e point �n the �South line of said North Hatf of the Soatheast Quar#er of the Northeast Quarter, dlStBnt 391 feef East of the Southwest corner thereof, fo a pofnt distant 6731�et Sauth of the North llne and 830.75 feet West cf tha Ees# line of Governmsnt Lot 3 tn se�d section, said last d�►scrfbed llne beln� hereinsfter de�ignated artd referred to as "Line A" thence NartheNy elong said "Line A" to a pofnt 200 feeE south af the North lina af s�id Narth Ha/f vf the Southe�st QuarMr of tha Northeast Quarter; thencs West paralle! with the North line of said North Half of the SQutheast Querter of the Idarih�ast Qaarter to en intersectfon wfth a line drawn northerty irom the paint of be�innin� �nd paf�lle/ wlth efaresefd "Une A"• thence�sovth��/y a/ong last said perailel II»e to the pairrt of beginning. 2, 4wners reque�t the City to review this application. 3. The City will commenc� its review af the appiic�tion �nd incur c�ats �saociated with seid roview anly if the Owner eatabliah�s�n escrow to ensuro roimbursement to the City of ita coat�. N�W THLREFURE,THE PARTIES AC3REE A8 FOLLtJWS: 1. DEPOSIT OF ESCRQW FUNDB. Contempc>ran�ou�ly wi� the execu�on of this Eac�nr Agreement, the Owners shall deposit$2,SQ0 with the City. Ail accrued interresct, if any, shall be pa�id to tt�e City tfl reimburse the City for its rost in administering the escraw account. 2. PURP08E OF ESCRQW. The purpose of fha escrow is to guarantee reimbutr�ment to#►e City for ali out-of-�ock�t c�sts the City ha� IncuRed (inciuding planning, t �+j,��. in axc�s of 5800, or le9al consultant raview) or will incu� in reviewing the plan. Eligible exp�enses shail b�e consister�t with e�cpensaa the Gwners would be responsibie for under a buiiding p�ermit appiica�on. The escrow wiil ai�a gu�rantee reimbu�sement to�e City for aii aut-af-pocket cost�the City has incurred ta as�ur+�th�t the work is completed in accordance with the Starmwater Poilution Praventivn Pian �nd the provisions of Orono City Code Chapter 79. The flnanciai security may also be u�ad by ths City to eliminate a�y haizardous conditions associat�d with the work and to repair any damage to pubiic property or infre�dvcture that i�caused by the wark (includinq pianning, enginee�inq, or legai c�nsultant revfaw) assc�ci�ted with ballding psrmlt #2018-00014 if cwmpli�nce witl� the approved buiidin� pat�mit is not acxamplished. 3. MOhITMLY BILLIN{3. As the �ity rec�ive� s�nsultant bllis for incurr�d casffi, the Cit�r wili in tum send a bill to the C)wners. Owners ahaq be r�sponsibl�r br payment t� the Gity within 30 days of the Owners' receipt of bill. 4. DISBURS�MENT FRaM ES�RQYV ACCC?UNT. in the event�at the prme�s do not make payment to the City within the timeframe ouHinard in#3�bave, sMali issue a Stop WcMk 4ider un�i the th�m�pay eil expensss invoic�d pursuant ta #3. The City may draw from the escrow aocount without f�arttt�Rr approval of the C�+mer� to reimburse#�e Ciiy for eligible expense�the Cixy h�s incutred. Pege 1 of 2