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. <br /> , -- <br /> LAND U8E APPUGATION ESCROW A�iREEMENT <br /> �p�tion#�Cr_ 3$O 5 <br /> AGREEMENT made thi�„_(�day o� �TR����, ao 16 . by and between the CITY OF <br /> ORONCI�e MH1�d8GtS Rril�al o0�pofeti011 CCi�)and—gnrth sty�re Mead�►e T.rr <br /> [a oorpor�ion—opUone�('Ownets')- <br /> B� <br /> 1. Orvners have filed Lsnd Use Appl��rG-'.�5 fo�mallY n4uastl�o the Ctty to roview plane <br /> for the property add�smd: �455 Morth She�e Drive (the "SubJed Prope�ty"� le�a�y <br /> d�d�S_�._l Scoteh Pinea Ai ti pn <br /> � 2. Ownera request ihe Ciqr to revbw aaid plans whida tequiros Cihr approvai and msY requi� <br /> i cans�ting IpN a�d/or en9inse►ing rowsw. <br /> l 3. The C�t is willirp to conrr�snce its revisw ot the��catlon and incur txs�Assodaded wifh said <br /> review only�1fie Orv�er8 e�h en eatx�cw tc e��u+s reimbunsamer�m ihs Cily d�s oosts. <br /> NOW THEREFORE�THE PARTIFS AtiREE AS FOLLOW8: <br /> 1. DEPOSR OF ESCROW FUNDB, Cot�emporeneouety wRh the e�aea�iort af ihis E�aow <br /> Ag�+eanent,the Ow�s shaN doposit� 2,50o with the C�y. AN acaued iMereat,if aMr, ahalt be paid to the <br /> i City�o rohnbune the City foc�s�aat in admin�aterinp tl�e�w accouc�. <br /> 2. PURP08E O�E8CROW. The purpoee af the eacro�w is to�uarar�bee re�nbu�sement to the Cif�r <br /> for all out-of-poCket costs the City has iru:umed(indudin9 Pbu�lin�.en�nee�in�.or lapet o�reu�rrt review)or w01 <br /> incur in meatinp with the Owners tha p�ra. and D�P�9 � P��materhl for Cky Council <br /> me h <br /> roviaw of Land Use App�ion�k � Eligp�le e�er�ehAll be oonsistet�t with eocpeness ths Owners <br /> would be reapor�le for u�der a iand uee appl'�ation. <br /> 3. YONTHLY BIWNG. As the C�y reoeirres cor�t bi8e for inc�xrod oosts,the C�y wi�in tum <br /> send e b�l to ths C)wners. OMrtiers shall bs ro�pons�b for paymerrt to tl�e City wMhin 30 deys ef tl�e Ownms' <br /> neoe�t of bd1. <br /> , 4. DISBURSEMENT FROM ESCROW ACCOUNT. In �e ev�nt thst the Owners do not rnake <br /> j p�ymeM to the Cily w�itin the trtne�rarr►e outlined in �3�, slledi t�s aA revfewa nrrtil ths Own�s pay all <br /> i �In��C�y�or eligibls Ce��fmm the escrow sxour�wit#�out furthsr approvel of the <br /> C�y hes incumed. <br /> 1 depasit in the e�crow, <br /> 5. CLOSING ESCROW. The 8�er�oe on if any, shall be rottxned to the <br /> ; Ownara when aU roquirert�s�rta roi�ed ta the Pr�ject ar+e c�mp�. CitY Staif ahaN review the t�etms of this ee�oNr <br /> �f�'16f1�11N0 �Ii'ie8 (�1' y08� l0 dl��T�II� YY�1SP 1� f�1,l�blii� p(� � 118V8 beell 8UOO�U�/ <br /> � CO�IIp�811d 1A1�1@1�1ef� i��P�1f�A to�1uT1 ths fundl�. OW118r m81y�ISO roq11��Fle 1�e�f8 Of tlle fufl�, <br /> 8Dd Si1CF1 ftlfl�S�18a bm P81�qp01i Cilly$�t�. IV�����P�V�Cd1jOfl 1�SN fbQ11�11�Of 1� <br /> , projed heva bs�t st�sfi�ly oompbted- <br /> 6. CERIIFY tMiPAlD CNARGES. If the p►olect�S abar�doned by Owners,ar if tl�e e�bb s� <br /> ; �ctmred by the Cih►exceed the amouM M e�row,the Clty aF�ll Nav�e the rfgM b ceAify the unpaid balenoe to the <br /> subjed propeny pursuaM to Minn.Stat.§§415.01 and 386.012. <br /> CtTY: CITY OF O NO OWNER <br /> gY�',�/ //, . <br /> G����[ By: �L��' <br /> Pl��1 v�e�' ' o � �,�v s��v ��- v �5 <br /> �: �: [�C_._- <br />