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, . Y <br /> BUILDING PERMIT ESCROW AGREEMENT <br /> Orono Building Permit#2013-00582 <br /> AGREEMENT made this �3r�day of ��� �� ;20 i_'J, by and between the CITY OF ORONO, <br /> a Minnesota municipal corporation ("City") Gonyea Ho es ("Owners"). <br /> Recitals <br /> 1. A building permit application has been filed for a new single family residence tocated at <br /> 180 Kintyre Lane the ("Subject Property"), legally described as Lot 1, Block 2, Kintyre Two, Hennepin County <br /> Minnesota: <br /> 2. Owners request the City to review this application. <br /> 3. The City will commence its review of the application and incur costs associated with said review <br /> only if the Owner establishes an escrow to ensure reimbursement to#he City of its costs. <br /> NOW THEREFORE,THE PARTIES AGREE AS FOLLOWS: <br /> 1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow <br /> Agreement, the Owners shall deposit $2,500 with the City. All accrued interest, if any, shall be paid to the City to <br /> reimburse the City for its cost in administering the escrow account. <br /> 2. PURPOSE OF ESCROW. The purpose of the escrow is to guarantee reimbursement to the City <br /> for all out-of-pocket costs the City has incurred (including planning, engineering, in excess of $500, or legal <br /> consultant review) or will incur�in reviewing the plan. Eligble expenses shall be consistent with expenses the <br /> Owners would be responsible for under a building permit application. The escrow will also guarantee <br /> reimbursement to the City for all out-of-pocket costs the City has-incurred to assure that the work is completed in <br /> accordance with the Stormwater Pollution Prevention Plan and the provisions of Orono City Code Chapter 79. <br /> The financial security may also be used by the City to eliminate any hazardous conditions associated with the <br /> work and to repair any damage to public property or infrastructure that is caused by the work (including planning, <br /> engineering, or legal consultant review) associated with building permit #2013-00582 if compliance with the <br /> approVed building permit is not accomplished. <br /> 3. MON�'+fL��+�L-fNC:-�s-the-Eity-reeeives-consaitant i1iHs�For-incurred�osts;�h2-Citq7miH-irrturrr -___ <br /> send a bill to the Owners. Owners shall be responsible for payment to the City within 30 days of the Owners' <br /> receipt of bill. <br /> 4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Owners do not make payment <br /> to the City within the timeframe outlined in#3 above, shall issue a Stop Work Order until the Owners pay all expenses <br /> invoiced pursuant to #3. The City may draw from the escrow account without further approval of the Owners to <br /> reimburse the City for eligible expenses the City has incurred. <br /> 5. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to the <br /> Owners when the review has been completed and written notification is received from the Owners requesting the <br /> funds. <br /> 6. CERTIFY UNPAID CHARGES. If the project is abandoned by Owners, or if the eligible expenses <br /> incurred by the City exceed the amount in escrow, the City shall have the right to certify the unpaid balance to the <br /> subject property pursuant to Minn. Stat. §§415.01 and 366.012. <br /> CITY: CITY OF ORONO ; OWNER: <br /> B����.�(�'�"�/,;��.� ' ; �r- ._._. .. <br /> .__- <br /> �tS:��-'�f'/�'�������!!'� �,/��l_\�;- � l�/�'���(1� ��O...rr-�OC.L��'fZ— <br /> c <br /> V l � <br /> Internal�Use 4niy� . �` �Q��J9�n�l�t��Pl�rinuiEg .,.,� tl���t�py#c�.wropetty t�wne.r, t ..��L7�opy°#o.Stteet��ile <br />