2014-01276 - land alteration - Laserfiche WebLink

Home Browse Search

BUILDING PERMIT ESCROW AGREEMENT - • ' Orono Building Permit#2013-01293 Zoning Permit#2014-01276 AGREEMENT made this day of , 20_, by and between the CITY OF ORONO, a Minnesota municipal corporation("City°)Anthony Kuznik&Carrie Kuznik("Owners"). Recitals 1. A building permit application has been filed for new single family home and pool located at 1065 Linden Lane, the ("Subject Property"), legally described as: Parcel 1:Lots 6, 7, 8, and 9, "Linden Beach'; together with the West one-half of vacated Linden Lane, accruing thereto, according to the plat thereof on file or of record in the office of the County Recoroler in and for said County,�Parce/2: That part of Lots 10, 11, and 12, "Linden Beach"described as follows: Beginning at the Southwest comer of Lot 10; thence East along the South line of said Lot 10, a distance of 84 feet; thence Northwesterly along a line, which would intersect the North line of Lot 12 at a point 185 feet East of the Northwest comer of Lot 12 to a point which is 52 feet Southeasterly measured along said line from the North line of Low 12; thence West parallel with the North line of Lot 12 to the West line of said Lot; thence Southeaste►1y along the Westerly lines of Lots 12, 11, and 10, to the point of beginning, including one-half of Linden Lane, vacated, adjoining said Lots on the Westerly boundary, and the vacated Linden Lane, in its entirety, adjoining said Lot 10 on its South boundary, according to the map or plat thereof on a file and of record in the office of the County Recorder in and for said County and State, 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 ESCROW FUNDS. Contemporaneously with the execution of this Escrow Agreement, the Owners shall deposit$2,500 with the City. All accrued interest, if any, shall be paid to the City to reimburse the City for its cost in administering the escrow account. 2. PURPOSE OF ESCROW.The purpose of the escrow is to guarantee reimbursement to 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. Eligible 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 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 to eliminate 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 permit #2013-01293 and zoning permit#2014-01276 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 tum 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 payment to the City within the timeframe outlined in #3 above, shall issue a Stop Work Order until the Owners pay all expenses invoiced pursuant 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. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall 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 shall have the right to certify the unpaid balance to the subject properry pursuant to Minn. Stat. §§415.01 and 366.012. CITY: CITY OF ORONO OWNER: By: its: