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ESCROW AGREEMENT <br /> AGREEMENT made this - day of JI• , 201,by and between the CITY OF ORONO, a Minnesota <br /> municipal corporation ("City") and orlon h1G'L ("Owner(s)") <br /> RECITALS <br /> A. The undersigned,is/are the Owner(s)of the Subject Property and hereby agrees to and consent to the <br /> terms and conditipns of this Escrow Agreement. <br /> B. Owner has: (check one) <br /> ❑ Filed a zoning application# <br /> Filed an application for a Building/Zouiag Permit# 241(0-01343 <br /> ''Cl Agreed to comply with Orono City Code Section 78-1432 regarding accessory structures. <br /> ❑ Filed an Individual Sewer Treatment System (ISTS) permit application. <br /> ❑ Requested td do work within public Right-of-Way <br /> 7<Filed a reque$t for a Temporary Certificate of Occupancy <br /> ❑ Other <br /> ("Application")onland situated in the City and located at <br /> (the"Subject Property"); and <br /> C. The City is willing to review or monitor the Application only if the Owner agrees to reimburse the City <br /> for the actual costs expended by the City on behalf of, or on account of, the Owner. <br /> NOW THEREFORE,THE PARTIES AGREE AS FOLLOWS: <br /> 1. DEPOSIT REQUIED. Contemporaneously with the execution of this Escrow Agreement, the Owner <br /> shall deposit $ lOCX`r ("Escrow") with the City necessary to secure coverage of the total costs <br /> associated with review, approval, and monitoring of the Application. Any Escrow shall be held in a <br /> special escrow ac ount and shall be credited to the Owner. <br /> 2. PURPOSE OF ESCROW. <br /> • Zoning. The purpose of the Escrow is to guarantee reimbursement to the City for expenditures <br /> including but not be limited to staff time, at the rates established by the City Council, in excess of <br /> that covered by the standard application fees, engineering consultant and legal consultant <br /> expenses incirred by the City in reviewing and approving the Application and all other city staff <br /> administrative and consultant services performed in the processing of said review and approval. <br /> • Buildin /Zoni . The purpose of the escrow is to guarantee completion of the site plan as approved <br /> and the provi ion of the as-built survey as required by the Building official. <br /> • Accesso S ucture. The purpose of the Escrow is to guarantee reimbursement to the City for <br /> expenditures including but not limited to staff time, at the rates established by the City <br /> Administrator, engineering and legal consultant expenses incurred by the City in removing an <br /> accessory building if the Owner fails to perform the obligations in Orono City Code Section 78-1432 <br /> and all other City staff administrative and consultant services performed in removing the accessory <br /> building, including land stabilization. <br /> • (STS. The purpose of the Escrow is to guarantee reimbursement to the City for expenditures <br /> including but not be limited to staff time, at the rates established by the City Council, in excess of <br /> that covered �by the standard application fees, engineering consultant and legal consultant <br /> expenses inc rred by the City if Owner for any reason is unable or unwilling to honor the <br /> requirements Of Chapter 58 of the Orono City Code, and all other city staff administrative and <br /> consultant services performed in relating to the Application. The City may also reimburse itself for <br /> all engineering and legal expenses associated with the construction, removal, alteration, or repair <br /> of the ISTS if the Owner fails to do so. <br /> • Temporary Certificate of Occupancy. The purpose of the Escrow is to guarantee completion of <br /> exterior improvements (driveway, grass, etc.) that cannot be accomplished due to weather <br /> conditions. <br /> January 2017 1 <br />