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• � <br /> , <br /> LAND USE APPLI ATION ESC � EENiENT <br /> Application#�L�-_ . <br /> AGREEMENT made this "i�day of ��� 20,�, .by � d betwee the CITY OF <br /> ORONO, a Mlnnesota municipal corporatlon('City')and <br /> [a corporatlon–optionalJ ("Owners"). <br /> Recitals <br /> 1. Owners have filed Zoning Appiica ion# -��- �?5 for�ally rq�esti t Ci to ` <br /> review plans for a Glr1 U'+C G G� A,11 nt.� f" ii' � ��Y t �a►'IGlr�u <br /> located at the property addressed: — �- - -� � <br /> (the"Subject Pr y')legal de crlbed as <br /> t <br /> 2. Owners request the Clty to review said plans which requires Clry approval and may require <br /> consulting legal andlor engineering review. <br /> 3. The City is willing to commence its review of the application and incur costs associated with sald <br /> review only if the Owners establish an escrow to ensure reimbursement to the City of its costs. <br /> NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS: • <br /> 1. DEPOSIT OF E3CROW FUN�S. Contemporaneously with the execution of this Escrow <br /> Agreement,the Owners shall deposit$�,with the City. All accrued interest, ff 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 guarentee reimbursement to the City <br /> for all out-of-pocket costs the City has incurred (including planning, engineering, or legal consultant raview)or will <br /> incur fn meeting with th wners, r i n the plana, and preparing agenda packet material for City Counci( <br /> revtew of application #� - _���. Eligible expenses shali be conslstsnt with expenses the Owners <br /> wouid be responsible fo�under a land use appfication. <br /> 3. MONTHLY BILLING. As the City receives cansultant bills for incurred costs,the City wlll in turn <br /> send a bill to the Owners. Owners shatl 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 Clty withln the timeframe outlined in #3 above, sha11 cease all reviews untll the Owners pay all <br /> 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 elig(ble expenses the City has incurred. <br /> 5. CLOSING ESGROW. The Bafance on deposit in the escrow, if any, shall be retumed to the <br /> Owners when the review has been completed. <br /> 6. CERTIFY UNPAID CHARGES. If the project Is abandoned by Owners, or ff the eligible expenses <br /> Incurred by the City exceed the amount in escrow,the City shalt have the right to certffy the unpaid bafance to the <br /> subject property pursuant to Minn. Stat.§§415.01 and 366.012. <br /> CITY; CITY OF RONO ' OWNE 5: <br /> By: By: <br /> Its: �.�.f�-�� Its: <br /> Interpal Use Or11yc ... .� O Orlglnal.to.Ftnanc,�,Department„ . ,.:_G_Cppyto 7tohl�g.Flle;.' ,�.�..CJ Copyto.Stre@!File <br /> Packet Last Updafed; March 20t4 <br /> Pape f 0 of 27 <br />