2015-00115 (New Home & CO) - Laserfiche WebLink

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� RLIiLDING PERMIT ES�ROW AGREEMEf�T Qrano Building Permit Numbers 2015-01271 (accessory structure), 2415-Q0115(new hause), Or�na Demolition Permit#2D1�-OQ163 and Land Use Applicatian#15-3794 � � AGR�EMENT made this �� day of ��' 2� ��, by and beiween#k�e C3TY OF QR�NO, a Minnesata municipal carparation{"City")Tim& Mary Doubek{"Ownersn). Recitals 1. A demoli#ion and building permit applications have been fifed for demolition of ihe existing principal structure&�ool,a buifding permit application for a new single family home and a buiiding permi#for construction of an ac�essory struc#ure located at 4565 Bayside Raad the{"Subject Property"), legalfy cfescribed as Lot 2, B1ock 1, Bayside Berry FaRns, Hennepin County, Minnesota. 2. Owners request the City to review this application. 3. ihe Ci#y wil! commence its review of ihe applicatiorr and incur costs assaciated with said rerriew onfy if#he Owner establishes an esc�ow ta ensure reimbursement ta the City of i{s costs. NOW i'HEREFOR�,THE PART(ES AGREE A�FOLL�WS: 1. DEPOSIT OF ESCRf3W Fl#NDS. Cantemparaneously with the execution af this Escraw Agreement, the Owners shall deposiE$2,5a0 with the City. Al!accrued interest, if any, shall be paid to the City to reimburse the City far its cast in administering the escrow accaunt. 2. PiJRPQSE flF ESCRQW. The purpose of the escr4w is to guaranfee reimbursement to fhe City for all out-of-pocket costs the City has in�urred (iRcludin� planning, encrrn�erin„q,,,in excess of $SpQ, or legal consultant review) or wili incur in reviewing the pian, Eligible expenses shall be cons�stent uvith expenses the Owners would be responsible for under a building p�rmit application.The escrow will also guarantee reimbursement to the City for atl aut-of-pocket costs the City has incurr�d ta assure that the work is completed in accorr3ance with the S#orrnwafer pQNution Prevention P{an ar�d the pro�isions of Orono City Code C3�apter 79.The financial security may also be used by the City t� eliminate any fi�azardaus conditions associated with the wark and to repair any damage to public property or infras#�ucture that 'ss caused by the work (inclUding pfanhing, engineering, or legal consuftant revisw) associated with building perre�it numbers 2D'l5-01277 [accessory structure), 2015-Q0176 (new hauss), demofitio� permit #2015r00�63 and land usE applicatson #15-3784 if compliance with the approved building permit is r�ot accompiished. 3. MONTHLY BIL�.ING. As the City receives consultant bills ior incurred co5ts, t�e City will ir� furn send a b�lt to the Owners. Owners shall be responsible for�ayment to the City within 34 days o#the Qwners' receipt of bill. 4. DISBURSEMENT FROM �SCROW ACCQLl�it, i�ft�e event that the Qwners do not rnake payment to the Cify within the timefrart�e outlined in #3 above, sha11 issue a Stop Work Order untit the Owners pay a11 expens�s invoiced pe�rsuant to#3. The City may draw from the escrow account without fur#her approvat of the�wners to reimburse the City for eligible expenses ihe City I�as incurred. �. CLOSING�SCROIAf. The Balance on deposit in the escrow,if any,shail be returned to the Owners when all requirements related to the project are complete. City Staf�shall review the tefms of this escraw agreemenf two times per year to determine w��ther#he requir�ments of the �rojeet have been s�ccessfully completed ar�d whether it is appropriate fo return the funds. �wner may also requsst the release of the funds,and such funds sha(I be released upon City Sta#f receiving #he appropriate verifrcation #ha#ail req�sirements of the p�oject have been successfuiiy completed. S. CER71�Y UNPAID CHARGES. tf th�project is abandoned by Qwners, or if the eligibie expenses incurred by the City exceed the amount in esccow,the Ci#y shall have the right to certi€y the unpaid balance#o tfie subject proper#y pursuant to Minn. Staf. §§d�S.Q�t and 356.Q12, Cli'Y: CITY OF RQIVO p}ty��}�; � By; �0 !#s: Intern�i:U�.e`4r+iy: ;' LI[Sri�iiaal#a t'iann'rng Q Gi�py�:ts�:;Pto�i�rt�r:Qv+ri�er:.: G'C�RY to.5ti�t"�ile