2017-00189 - escrow fee - Laserfiche WebLink

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i I ' ESCROW AGREEMENT � —7 AGREEME made this --"�0� day of ~ , 20�{by and between the CITY OF ORONO, a Minnesota municipal co oration ("City")and J n Ressler ("Owner(s)"). RECITALS A. e undersigned is/are the Owner(s)of the Subject Property and hereby agrees to and consent to the t rrns and Conditions of this Escrow Agreement. B. ner has: (check one) ❑ Filed a�oning application# ❑' Filed ar�application for a Building/Zoning Permit# ❑' Agreed�o comply with Orono Ciry Code Section 78-1432 regarding accessory structures. ❑ Filed an Individual Sewer Treatment System (ISTS)permit application. ❑ Reques ed to do work within public Right-of-Way �' Filed a quest for a Temporary Certificate of Occupancy ❑ Other (" pplicatio ") on land situated in the City and located at 3683 North Shore Drive, Orono (t e"Subjec Property"); and C. T City is willing to review or monitor the Application only if the Owner agrees to reimburse the City fo the actual costs expended by the City on behalf of, or on account of, the Owner. NOW THERE ORE,TH� PARTIES AGREE AS FOLLOWS: 1. D P SIT R UIRED. Contemporaneously with the execution of this Escrow Agreement,the Owner sh II deposit $ 70�000.00("Escrovd') with the City necessary to secure coverage of the total costs as ociated wlith review, approval, and monitoring of the Application. Any Escrow shall be held in a sp ial escrdw account and shall be credited to the Owner. 2. P POSE dF ESCROW. ■ '� Zonina. The purpose of the Escrow is to guarantee reimbursement to the City for expenditures including but not be limited to staff time, at the rates established by the City Council, in excess of that covered by the standard application fees, engineering consultant and legal consultant expenses incurred by the City in reviewing and approving the Application and all other city staff administr tive and consultant services perFormed in the processing of said review and approval. ■ B ildin / onin . The purpose of the escrow is to guarantee completion of the site plan as approved and the p ovision of the as-built survey as required by the Building o�cial. ■ cesso Structure. The purpose of the Escrow is to guarantee reimbursement to the City for ' xpenditures including but not limited to staff time, at the rates established by the City '� dministr tor, engineering and legal consultant expenses incurred by the City in removing an ccesso building if the Owner fails to perForm the obligations in Orono City Code Section 78-1432 nd all ot r City staff administrative and consultant services performed in removing the accessory ' uilding, i cluding land stabilization. ■ STS. Th{� purpose of the Escrow is to guarantee reimbursement to the City for expenditures ncluding qut not be limited to staff time, at the rates established by the City Council, in excess of hat cove�ed by the standard application fees, engineering consultant and legal consultant xpenses incurred by the City if Owner for any reason is unable or unwilling to honor the uirememts of Chapter 58 of the Orono City Code, and all other city staff administrative and onsultant',services performed in relating to the Application. The City may also reimburse itself for II engine nng and legal expenses associated with the construction, removal, alteration, or repair f the IST� if the Owner fails to do so. ■ em ora i�Certificate of Occu�ancv. The purpose of the Escrow is to guarantee completion of xterior imjprovements (driveway, grass, etc.) that cannot be accomplished due to weather nditions.' January 2017 1 �