2012-00554 - attached deck - Laserfiche WebLink

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BUILbING PERMIT ESCROW AGREEMENT Orono Buildfng Permtt#2012-00554 AGREEMENT made this �' � day of -}��`� , 20 la , by and between the CITY OF ORONO, a Minnesota municipal corporation ("City")and Michael Jones{"Owners"), Recitals , 1. A building permit application has been filed for deck and stairs located at 3186 North Shore Drive the("Subject Property"), legally descxibed on Exhibit A,attached. 2. Owners request the City to review this appiicaaon. � 3. The City wil! commence its review of the appEication and incur costs associated with said review only if the Owner establishes an escrow to ensure reimbursement to the City of its costs. N�W THEREFORE,THE PARTiES AGREE AS FOLLOWS: 1, DEPOStT OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow Agreement, the Owne�s shall deposit$2,500 with the City. All aocrued interest, if any, shall be paid to the City to reimburse the City for i�cost in administering the escrow account, 2. PURPOSE OF ESCROW. The purpose of the escrow is to guarantee reimbursement to the City for ali out-of-pocket costs the City has incurred (including planning, engineering, in excess of $500, or legai consultant review) or wili incur in reviewing the plan. Eligibie expenses shall be consistent with expenses the Owners would be responsible for under a building permit application. The escrow will also guarantee reimbursement to the City for all out-of-pocket costs the City has incurred to assure that the work is completed in accordance with the Stormwater Pollution Prevention Plan and the provisions of Orono City Code Chapter 79. The financial security may also be used by the City to eliminate any hazardous condi�ons associat�l with the worlc and to repair any damage to public property or infrastructure that is caused by the work{including planning, engineering, or legal o�nsultant review) associated with bullding permlt #2012-0OS64 if compfiance with the approved building permit is not accomplished. S. MONTHLY BILLING. As the City receives consultant bills for incu�ed costs, the City will in turn send a bHl to the Owners. Owners shalf be responsible for payment to the City within 30 days of the Owners' receipt of bill. 4. Dt3BURSEMENT FROM ESCROW ACCOUNT. In the event that the Owners do not make payment to ihe City withln the timeframe outlined in#3 above, shall issue a Stop Work Order until the Owners pay all sxpenses invoioed pursuant to #3. The Clty may drew from the escrow accourrt without further approvai of the Owners to refmburse the City for eligible expenses the City has incurred. 6. CLOSING ESCROW. The Ba{ance on deposit in the escrow, if any, shall be retumed to the Owne�s when the review has been campleted and written notffication is recgived from the Owners requesttng the funds. 8. CERTIFY UNPAID CHARGES. If the project is abandoned by Owners, or if the eligible expenses incuned by the City exoeed the amount in escrow, the City shall have the rieht to certify the unpaid balance to the subjec,t�bl�ertv pursuant to Minn. Stat. §§415.01 and 366.012. . � . . � . CITY: CTi'Y RO OWNER: By: �", � Its: