2013-00573 - escrow fee - Laserfiche WebLink

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♦ r BUILDING PERAAIT ESCRC?W A6REEMEIVT Orono Building Permit#2093�A0471 Demolition PeRnit#2013-00429 AGREEMENT made fhis��day of �-I u.�.� . 20,1�, by and beiw�n the CITY OF ORONO, a 11Ainnesota rnunicipa!c�rporation(°City°)Bradiey A Cleveland Tcvstee("Owners�. Rscil�ls 1. A demolition permit application and a building permit appiica�on have been filed for demolition of the principal struc�uure and ta�ro (2)accessory structures and construcfion of a new principal structur�e and one(1) accessory sfiaoture lor�ted at 4315 North Shore DHve the (°Subjecf Propertyy"), legally described in E�chibit A, ; attached. ' 2. Ovmers request the Ctty to review this application. 3. The City wiU commence its revie�r of the application and incur cflsts associated v�rith said review onty if the Oa+mer establishes an esc�ow to ensure reimbursement to the Cit�r of its costs. PIOW THEREFORE,THE PARTIES AGREE AS FOLLOWS: 1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with tlie execcrtion of this Escroav , Agreement, the Owmers shall deposit$2,500 with the City. All accrued inferest, If any,shall be paid to the Cit�+to � reimburae the City for its cost in admfniste�ing the esarow acxount 2. PURP03E OF ESCROW.The pur°pose of the escrow is to guarantee reimbursement to the City � for all out-of-pocket c�sts �e City has incurred (including ptanning, engineering, in excess of $500, or legal consult�ar�f review) or will incur in revievving the plan. Eligible expenses shafl be consistent with expertses the Owners wouid be responsible for under a building permit app(ica�an. The escrow wi[I also guararri�ee reEmbursement to the City for all out-of-packet costs the City has incurred to assure that the work is completed in acxordance r�ith the Stormwwater Pollu�on Prevention Plan and the provisions of Orono Criy Code Chapter 79. The financial security may also be used by the City to eliminate any hazardous cond�ions associated with the work and to repair any damage to public property or infrastruatura that is caused by the wark(i�duding pfanning, engineering, or i�at cQnsultant review} associated with demolition permlt f�24�l3-00429 and bailding permlt #ZQ13-Od�471 if compliance wIth the approved building permit is not accompiished. 3. MONTHLY BILLING. As the Ciiy receives consultant bills for lncurred costs, the City wrill in tum send a bill to the Owners. Ow+ners shall be responsible for paymen#to the City vvithin 30 days of t�e Owners' receipt of bill. 4. DISBURSEAAENT FROAA ESCROW ACCOUNT. !n the everifi that the t?umers do not make�yment #o the City uvithin the timeframe outlined in#3 abave, shall issue a Stop Work Order urrtil the Oamers p�y all expenses , invoiced pursuant to iKi. The City may draw from the escraw acxount without further approval of the Owmers t�o re)mburse tha Cily ior eligible expenses the Ciry h�s incurred. . 5. CLOSING E8CROW. The Balance on deposi� in the escrow, if any, shall be retumed to the Owne�rs when the revier�r has been camplsted and vuritten notlfication is rec�ived from the Owners requesting the funds. . 6. CERTIFY UNPAID CHARGE3. If the project is abandoned by Owners,or if the e[ig9bfe expenses incurred by the City exc�ed the amount in escxow,the City shat!have the right to certify the unpaid bafance to the subject property pursuant ta Minn. Stat§§415.01 and 366.012. CITY: OF ORONO OViiNE � By: '�h� n� � ��: