2013-00738 - new structure - Laserfiche WebLink

Home Browse Search

. BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit#2013-00738 Variance#13-3600 AGREEMENT made this�day of � •{�- , 20�, by and between the ClTY OF ORONO, a Minnesota municipal corpordtion(°City") Kathryn Kal as("Owners"). ' Recltals 1. A building permit application has been filed for a new single family residence focated at 3048 North Shore Drive the ("Subject Property"), legally described as That part of Blocks 1 and 5, Crystal Bay Park and adjacent vacated roads described as follows; Commencing at the most Easte�ly comer of Lot 7, Block 5; thenoe Southwesterly along Southeasterly line of said Block 5 a distance of 38.6 feet to a point of beginning; thence deflecting right 83 degrees 11 minutes to the shorefine of Maxwel) Bay thence Southwesterly along said shore a distance of 85 feet; thence Southeasterly to a point in Southeasterly line of said Block 5 distant 115 feet Southwesterly from the point of beginning, Hennepin County. 2. Ovmers request the City to review this application. 3. The City will commence its review of the application and i�cur 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, shalt 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 $50U, 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 pennit applica6on. 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 P�tlution 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 canditions associated with the work and to repair any damage to public property or infrastructure that is caused by the wo�lc (including planning, engineering, or legal consultant review) associated with bullding permlt#2013-0Ot38 and va�iance#13-3600 if complience 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 meke payment to the City within the timeframe outlined in#3 above, shafl issue a Stop Work Onder urrtil the Owners pay all expenses invoiced pursua� to #3. The City may draw from the escrow account without further approval of the Owners to reimbu�se the City for eligib�e expenses the City has incurred. 5. CL031NG ESCROW. The Balance on deposit in the escrow, if any, shall be retumed to the Owners when the review has been completed and written notification is received from ttre OMmers 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 shatl have the right to cerdfy the unpaid balance to the subject property pursuant to Minn. Stat. §§415.01 and 366.012. CITY: ITY F ORONO OWNER: . gy� ��,.�,��..��Q c�..� ic�: n d��.�o� �Senet uee tkHy: .o ,i�P�ie� �i co�r�o P�sp�r t�,e► :f,�#�#�>�FNe