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^ . , , <br /> .���, <br /> � ZONING PERMIT ESCROW AGREEMENT \�� <br /> Permit# <br /> AGREEMENT made this day of , 20_, by and between the CITY OF , ONO, <br /> �a Minnesota municipal corporation ("City") and ("Ow rs"). <br /> Recitals <br /> 1. A building permit application has been filed for a zoning permit for property located at <br /> the ("Subject Property"), legally described as <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 inc costs associated with said review <br /> only if the Owner establishes an escrow to ensure reimbursement to the Ci of its costs. <br /> NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS: � <br /> 1. DEPOSIT OF ESCROW FUNDS. Contempor eously with the execution of this Escrow <br /> Agreement, t Owners shall deposit $ with the City. II accrued interest, if any, shall be paid to the <br /> City to reimburs he City for its cost in administering the escro account. <br /> 2. PUR SE OF ESCROW. The purpose of e escrow is to guarantee reimbursement to the City <br /> for all out-of-pocket cost he City has incurred (includin lanning, engineering or legal consultant review) or will <br /> incur in reviewing the plan. igible expenses shall be c nsistent with expenses the Owners would be responsible <br /> for under a zoning permit ap �cation. The escrow �I also guarantee reimbursement to the City for all out-of- <br /> pocket costs the City has incu d to assure tha he work is completed in accordance with the Stormwater <br /> Pollution Prevention Plan and the ovisions of O no City Code Chapter 79. The financial security may also be <br /> used by the City to eliminate any ha rdous c ditions associated with the work and to repair any damage to <br /> public property or infrastructure that is use by the work (including planning, engineering, or legal consultant <br /> review) associated with permit # if compliance with the approved zoning permit is not <br /> accomplished. � <br /> i <br /> 3. MONTHLY BILLING. �the City ceives consultant bills for incurred costs, the City will in turn <br /> send a bill to the Owners. Owners s all be respon � le for payment to the City within 30 days of the Owners' <br /> receipt of bill. � <br /> i <br /> 4. DISBURSEMENT ROM ESCROW ACCOU In the event that the Owners do not make payment <br /> to the City within the timeframe o ined in #3 above, shall issue a top Work Order until the Owners pay all expenses <br /> invoiced pursuant to #3. The ity may draw from the escrow ac unt without further approval of the Owners to <br /> reimburse the City for eligible e enses the City has incurred. <br /> 5. CLOSING SCROW. The Balance on deposit in the e row, if any, shall be returned to the <br /> Owners when the review h s 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 t�ie unpaid balance to the <br /> subject property pursuant to Minn. Stat. §§ 415.01 and 366.012. <br /> CITY: CITY OF ORONO OWNER: <br /> By: <br /> its: ` <br /> Internal Use Only: � Original to Planning Department � Copy to Street File <br /> Updated: January 2014 <br />