2012-00528 - escrow fee - Laserfiche WebLink

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BUILDING PERMIT ESCROW AGREEMENT Oro 'go Build Ing Permit*=12.00339 AGREEMENT made this 1IYday of 7 Q , 20✓-25y and between the CITY OF ORONO. a Wrinesola municipal corporation("Cry`;and Michael&Jill Dyer(`Owners") 1 A building permit app!ication has been flied for a home addition located at 4115 Watertown Road the ("Subject Property"). legally described as Lot 2. Block 1, Maple Flare Second Addit on, Hennepin County Minnesota 2. Owners request the City to review this application. 3. The City will commence 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 ESCR DS�. Contemporaneously with the execution of this Escrow Agreement,the Owners shsN degas 2,500 Rh the City- All accrued interest, if any,si1a11 be paid to the City to reimburse the City for its cost in adm ' g the escrow account. 2. PURPOSE OF ESCROW,The purpose of the escrow:a to guarantee reimbursement to the City for all out-cif-pocket costs the City !las incurred (,including planning, engineering, in excess of $500, or legal consultant review) or will incur in reviewing the plan. Eligible expenses shall be consistent with expenses the Owners would lew responsible for under a building permit appiication. The escrow will also guarantee reimbursement to the City for all out-of-pocket casts the City has incurred to assure that the work is completed in accordance with the Stormwater Pollution Prevention Plan and the provisions of Orono City Code Chapter 79. The financial security may also be used by the City tc e!iminate any hazardous conditions associated with the work and to repair any damage to public property or infrastructure that is caused by the work(including planning, engineering, or legal consultant review) associated with building persalt #2012.00339 if compliance 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 wrhin 30 days of the Owners' receipt of bill. 4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Owners do not make payment to the City within the timeframe outlined in 93 above, shall issue a Stop Work Order until the Owner pay all expenses invoiced pursuant to a3. The City may draw from the escrow account withoutrurtner approval of the Owners to reimburse the City for eligible expenses the City has incurred. S. CLOSING ESCROW.. The Balance on deposit in the escrow, if any, shalt be returned 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 project is abandoned by Owners,or if the eligible expenses incurred by the City exceed the amount in escrow,the City sha!I rave the right to certify the unpaid balarice to the subject property pursuant to Minn,Stat.§§415.01 and 366.012. CITY: CITY OF ORONO OWNER: J'..- �J Its: i IrlMtatah4lMaQMIlIr �4moswippundso .�4'aMgyNs9'twAaMlftl~ IQ41"Absow to