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4 <br /> ACaf{EE1tiiET+1T dated this day of Larch,-.2G.%,by and het-ween N irmetonka Gest= <br /> Homes, Inc. ("Builder")! Thoma. C=Ielissen ("Buyer"). the City of Clrera ("City") and <br /> Powerhouse Title r"Powerhouse"); <br /> WHEREAS, Build-.r has sold to Buyer certair,real Ir OPtrt5 located at 4753 North.Shore <br /> Driw,e,(Jrono,Mirme3ota(the"Property"), <br /> v,rkmuAS, the lomperty requires landscaping and rcWTIiEg wall corrections to aaify <br /> for a Certificate of 000U+ancy: <br /> v�r�MR:ic,AS, pro-vided Buildez and Buyer carnply wvitb the terms and conditions wherein <br /> the City agrees to issue a temporary Certificate of OccuPan.cv. upon execution oftlus AgrecmerLt, <br /> and a penrmeat Certificate of Occupancy utsen c p;.6tiOn to t ie satisfsct:un of fine city of fh: <br /> landscaping and retaining Lvali correctiow("tte worle')ref�re.Iaced in attached Exhibit A,and <br /> NOW, THEREFORE, in consideration of the foregoing lBtulder, 13wfer, City and <br /> Powerhouse armee as followvs: <br /> Ck <br /> 5 <br /> � <br /> f-L L rz. <br /> 1. $10,004 of the purchase or of the Property sltstil be deposited by Burr in,and <br /> shall be .held in, he tit account of PowerhoUse, In trust ("Escrowed Funds") stiNioc to the <br /> following <br /> a. Builder hereby agrees io perform to completion an or before June 34, <br /> 2004, the Work requited by the City of Orono as specified in the attached <br /> `.7itten estimate of Builder(Exd0 t A). <br /> b. Powernoxase shall release the Escrowed Pwtds to Builder upon wri*r. <br /> evidence frons tape City that the Work has been perfnrmcd to the <br /> satisfaction of the City. <br /> c. LTpotr release of the escrow to BIW&ff,BITI der shall provide a lien waiver <br /> setisfwory to Buyer. <br /> 2. In the avettt',he%IT otk is not completed on or before June 34,2404,*,en: <br /> U104I332VI"WbS4� <br /> 999-4 900/200 d Z1.a-,L 919"IVAR+ r.~ .In dl[Z-+rte:a LODWAn "na..s?..JaA <br />