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• <br /> l <br /> 5. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to <br /> the Owners when all requirements related to the project are complete. City Staff shall review the terms of <br /> this escrow agreement two times per year to determine whether the requirements of the project have <br /> been successfully completed and whether it is appropriate to return the funds. Owner may also request <br /> the release of the funds, and such funds shall be released upon City Staff receiving the appropriate <br /> verification that all requirements of the project have been successfully completed. <br /> 6. CERTIFY UNPAID CHARGES. If the project is abandoned by Owners, or if the eligible <br /> expenses incurred by the City exceed the amount in escrow, the City shall have the right to certify the <br /> unpaid balance to the subject property pursuant to Minn. Stat. §§415.01 and 366.012. <br /> 7. ACCESS TO SUBJECT PROPERTY. The Owners hereby grant to the City, its agents, <br /> employees, officers and contractors, the right to enter upon the subject property for the specific purpose <br /> of inspecting and completing any exterior improvements, final grading, establishment of vegetation and <br /> the restoration of the subject property should the Owners not complete the work by the specified dates. <br /> CITY: CITY OF ORONO OWNERS: <br /> 1 ; () <br /> By: ' <br /> LAV <br /> Its: 171,t <br /> Irt rnal use Onlyr. _ O .. : Id Original to Finance Depargract ,w °m <br /> 155441 <br />