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LAND USE APPLICATION ESCROW AGREEMENT
Application #16-3830
AGREEMENT made this ______ day of , 20____, by and between the CITY OF
ORONO, a Minnesota municipal corporation (“City”) and Tim Druk (“Applicant”).
Recitals
1. Applicant has filed Land Use Application #16-3845 formally requesting the City to review plans for
construction of a new residence requiring variances , located at 1240 Arbor Street (the “Subject Property”) legally
described as: Lots 6 and 7, Block 1, MAXWELL’S ADDITION TO CRYSTAL BAY, Hennepin County,
Minnesota; aka PINS 10-117-23 31 0099.
2. Applicant requests the City to review said plans which requires City approval including variances
involving city engineering, legal and planning review.
3. The City is willing to commence its review of the application and incur costs associated with said
review only if the Applicant establishes an escrow to ensure reimbursement to the City of its costs.
NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS:
1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow
Agreement, the Applicant has deposited $2500.00 with the City. All accrued interest, if any, shall be paid to the
City to reimburse the City for its cost in administering the escrow account.
2. PURPOSE OF ESCROW. The purpose of the escrow is to guarantee reimbursement to the City
for all out-of-pocket costs the City has incurred (including planning, engineering, or legal consultant review) or will
incur in meeting with the Applicant, reviewing the plans, and preparing agenda packet material for City Council
review of Land Use Application #16-3845. Eligible expenses shall be consistent with expenses the Applicant
would be responsible for under a zoning land use application.
3. MONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will in turn
send a bill to the Applicant. Applicant shall be responsible for payment to the City within 30 days of the
Applicant’s receipt of bill.
4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Applicant does not make
payment to the City within the timeframe outlined in #3 above, City shall cease all reviews until the Applicant pays
all expenses invoiced pursuant to #3. The City may draw from the escrow account withou t further approval of the
Applicant to reimburse the City for eligible expenses the City has incurred.
5. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to the
Applicant when the review has been completed.
CITY: CITY OF ORONO Applicant:
By: By:
Its: Its:
Internal Use Only: Original to Finance Department Copy to Zoning File Copy to Street File