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BUILDING PERMIT ESCROW AGREEMENT � �f��"t
Orono Building Permit#2015-00484 ��/ �Z� �S
AGREEMEN7 made this !�-�day of , 20�by and between the CITY QF ORONO,
a Minnesota municipal corporation ("City") &Jennifer aton {"Owners").
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Recital�
1. A building perrnit application nas been filed for a new single famify home located at 945 Forest
Arms Lane the{�Subject Property"), legally described on Exhibit A, attaci�ed.
2. Owners request the City to review this application.
3. The City will cornmence its review of the application and incur costs associated with said review
only if the Owner 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 Owners shall deposit$2,500 with the City. All accrued in#erest, if any, shall be paid to the City to
reimburse the City for its cost in administering the escrow account.
2. PURPOS� OF ESCROW. The purpose of the escrow is #o guarantee reimbursement ta the City
for all out-of-pocket costs the City has incurred (including planning, engineering, in excess of $500, or legal
consultant review) or will incur in reviewing the plan. Efigible expenses shall be consistent with expenses the
Owners would be responsible for under a building permit application. The escrow will also guarantee
reimbursement to the City for all out-of-pocket costs the City has incurred to assure that the work is campleted in
accordance with the Stormwater Pollution Pre�ention Plan and the provisions of Orano City Code Chapter 79.
The financial security rnay also be used by the City to eliminate any hazardous conditions associated with the
woric and to repair any damage to pubfic property or infrastructure that is caused by the work (including planning,
engineering, or legal consultant review) associated with building permit #2015-00484 if compiiance with the
approved building permit is not accomplished.
3. MONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will in turn
send a bill to the Owners. Owners shall be responsible for payment to the City within 30 days of the Owners'
receipt of bill.
4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Owners do not make payme�t
to the City within the timeframe outlined irt#3 above, shall issue a Stop Work Order untii the Owners pay all expenses
invoiced pursuarrt to #3. The City may draw from the escrow account without further approval of the Owners to
reimburse the City for eligible expenses the City has incurred.
5. CLO$ING ESCROW. 7he Balance on deposit in the escrow, if any, shatl be retumed to the
Owners when the review has been completed and written notification is received from the Owners requesting the
funds.
6. CERTIFY UNPAID CHARGES. If the praject is abandoned by Owners, or if the eligible expenses
incurred by the City exceed the amount in escrow, the City shall have the right to certify the unpaid balance to the
subject property pursuant to Minn. Stat. §§415.Q1 and 366.012.
CITY: OF O O OWNER: ,.-''
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BUILDING PERM13 ESCROVY AGREENfENT
Qrcno Bui(ding Fermit#20'f5-00484
EXHIBI7 A-LEGAL DESCRIPTION
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EXISTING LEGAL DESCRIPTION:
(AS SHOWN ON CERl1FiCATE O�TiTLE NO. 1359431)
Par 1: Lot 2. Btock 2, Forest Arms Country C1ub Addltfon.
Par 2: That part of Lot 5� Biock 2, Forest Arms Country Club Additlon,
Iying between a (ine drawn from a point on the Northeasterfy line �43 feet
Southeasteriy from the most Nartherly corner thereof to a point on the
Southwesterly line of said fot, 43 feet Sautheasterly from the mosi
Westerfy corner thereof and a line drawn from a polnt on the
Norcheascerly line of Lot 5, 43 feet Northwesterly from the most Easterly
corner thereof to a point on the Southwesterly tine of said lot, 43 feet
Northwesterly from the most Southerly corner thereof;