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-n IE cn'Y 01-'1AKE ELMOCity of Lake ElmoEscrow Agreement for Municipal Review ServicesDeposit AgreementTHIS AGREEMENT is made this _ day of December _ 2022, by the Applicant andOwner (hereinafter individually and collectively referred to as "Applicant") in favor of the City of LakeElmo, a municipal corporation of Minnesota (hereinafter referred to as "City").A. "Applicant" whose name and address is:Schafer Richardson on behalf of Hendrix Apartments, LLC and 3RD 2.0., LLC900 North Third StreetMinneapolis, MN 55401B. "Owner" whose name and address is:DPS-Lake Elmo, LLC6007 Culligan WayMinnetonka, MN 55345RECITALSWHEREAS, the Applicant has applied to the City for approval for one or more of thefollowing: (Select All That Apply)/Plat (Sketch, Preliminary, Final)PUD/OP-PUD (Pre-Applicaion, Preliminary, Final)VacationConditional Use PermitInterim Use PermitComprehensive Plan AmendmentVarianceMinor SubdivisionEAW ReviewZoning Text or Map AmendmentWind GeneratorWireless Communication Permit (co-location)WHEREAS, the Applicant acknowledges the receipt of benefit to the property, from the City's technicaland compliance review of the application; andWHEREAS, under authority granted to it, including Minnesota Statutes Chapters 412 and 462, the Citywill process the application on the condition that the Applicant enter into this Deposit Agreement,which agreement defines certain duties and responsibilities of the Applicant, as well as the City; andthe Applicant shall provide cash to the City in the amount satisfactory to the City; and provide securityto the City for the payment of all review costs incurred by the City.