Laserfiche WebLink
• <br /> DEPACILITION PERASII_ .....1.�.:G <br /> ESCROW AGREEMENT <br /> AGREEMENT made tits 40 day of AIle, , 20 by and between the art, otR C 1ONNO, a <br /> and (., , <br /> t An for u dew <br /> #� �d for �1 bowled at <br /> zpvialigt Prorfellit HtIeRI dist:ribald as <br /> 4144 IL, <br /> 2 in conjunction nth the dmmoftlon,erosion contrd measu ee ate rsquked..es shoo on attached <br /> Mbit' . <br /> HOW,THEREONTIE PAIETIEll AQREE AS <br /> the wrrt DEPOSIT OF ESCROW Pli140lt. Contemporaneously with the execution of this Escrow Agreement. <br /> arioo with the Day. +b accrued interest,if any,shall be paid b the City to reimburse the <br /> d DIN them*to the ascan account. <br /> PURP13SE OF ESCROW. The purpose of the escrow is to guarantee reimbursement b the <br /> all aaiilolsodoet costs Secluding planning,engineering.cortege'consultant review)the Cay hoe incurred to that <br /> the'soden ooaerat'softiies are installed and maintained so the property compiles with the provisions of Orono City <br /> Cede elector 79, The itrancisi security may at ba used by the City to eliminate any hazardous conditions <br /> aseachded with the work and to r+epedr any damage to pubSc property or infrastnrciave that is caused by the*Writ..if <br /> Compliance approved land Disturbance Permit is not accornpUetwd w$dn We allowable time period,the City <br /> maybring the pretricthtidcompfsrtoithyyuesc( hesecurity. <br /> 3, MORT OF ENTRY. The Owners hereby grant the City. Its agents. enatcyeaft officers and <br /> +rK+n Cera prs tight to eviler the properly to perform all work end inspections deemed appropriate by the City in <br /> anSuriction!db theregulred erosion control measures,including but not tanked to constructing or cmnplalk,ay and <br /> all of the <br /> t agreed Oen hirsts should the Own cont Gator not complete those by the alerts <br /> 3. N011'11aL.Y 1111.1.Mie. As the City receives°entrant bits for incurred costs,the City will in turn <br /> seed bite the Oysters. Omrwe shall be responsible for payment to the City within 30 Cl the Owners.menial <br /> 4 INIEURSESIMIIT tib ESCROW ACCOUNT. In the avant that Its Owners do not mike peyrnent: <br /> tothe twWtn fia*r <br /> r ftnrebameed in II above,stud issue a Stop Work Older ural the Owners pay at expenses <br /> The City may drew from the escrow account without further approval of the Owner"to <br /> mintberselhaeltylliteltible mea the situ neje Swot <br /> fallint p` Any retraining amount of the*swift asaatgr deposked with the City for <br /> of lie pile and apecilcadone and any related rmtsiediN wmtt w11 be released alter the <br /> +mart <br /> and lsapeci*wn of all Mata measures and the establishment of Amer stabilization for the Subject <br /> Cllif OWNsdm ander the bens tilde saproer agreemm t tow turves per yowls determine whether the arq . <br /> of Mitt pr4ed its been P: Md aced ttheEwrit is appends**b the funds. Owner miry also <br /> irgtteel►the release Cl term midis, and ma*fir is shalt be released upon City $151 receiving the wpprapdl,ts <br /> vedlIceden that art tegidnements of the prefect harm been surftessfully competed <br /> blamed� ODOIFY UNPAID CHAResta. E the project in abandoned by Owners,or if the topeneas <br /> by to City exceed the satnownt to winnow the City std hays the right to catty lbs unpaid balance to the <br /> frableiddraftelyptaiteentes tlttit.Slat;1414 01 1 am,3x6.012. <br /> OP ° .e9 <br /> OiVfeltiftik.41sliave <br /> Annotest totting Jarmo 2015 <br /> 151011 <br />