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Home My WebLink About2014-00324 - escrow fee � CITY OF ORONO * Z 0 1 4 - 0 0 3 2 4 * _ ' 2750 KELLEY PARKWAY pATE 1SSUED: 04/16/2014 ORONO, MN 55356- (952) 249-4600 FAX: (952) 249-4616 ADDRESS : 1390 RAILROAD AVE PIN : 10-117-23-3]-0005 LEGAL DESC : UNPLATTED 10 117 23 : LOT 000 BLOCK 000 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE � : RESIDENTIAL COl�15TRUCTION TYPE : ESCROW FEE-APPLICANT NOTE: THiS$700 ESCROW IS TIED TO ZONING PERMIT#14-3662-PD BY ROBERT LARSON CHECK# ]183 APPLICANT ESCROW FEE-APPLICANT 700.00 ESCROW FEE-DEVELOPER 0.00 RCL828 LLC TOTAL 700.00 1390 RAILROAD AVENLIE Payment(s) SPRING PARK, MN 55384- CHECK 1183 700.00 OWNER RCL828 LLC 1390 RAILROAD AVENUE SPRING PARK, MN 55384- AGREEMEIYT AND SWORN STATEMENT The work for which this permit is issued shall be performed according to the approved plans and specifications,applicable City approvals,and the State Building Code. This permit is for only the work described and does not grant permission for additional or related work which requires separate permits. All provisions of laws and ordinances governing this type of work , shall be cpmpied with whether or not specified herein.This permit will � expire and become null and void if construction authorized is not icommenoed within 180 days of the daie of issuance,or if construction is suspended for a period of 180 days at any time after work has commenced. The appHcant is responsible for assuring ail required inspections are requested in conformance with the State Building Code.This permit may be revoked at any time for due cause. / / Applicant Permitee Signature Date Issued By Signature Date , LAND USE APPLICATION ESCROW AGREEMENT �" Application# ' � - �� Z AGREEMENT made this � � day of �"f� � 20 �i"'p , by and between the CITY OF ORONO, a Minnesota municipal corporation (`City") and ��b�+ l�t.�'��1n [a corporation—optionalJ ("Owners ). Recitals 1. Owners have filed Zoning Application# I � - ��formally requesting the City to review plans for pC G�G�,�� e 1�-G��i t ✓� L�-v`C-� located at the property addressed: l 0 < ( �-�l (the"Subject Property") legally described as �- aS � �-- 2. Owners request the City to review said plans which requires City approval and may require consulting legal andlor engineering review. 3. The City is willing to commence its review of the application and incur costs associated with said review only if the Owners establish an escrow to ensure reimbursement to the City of its costs. NOW THEREFORE,THE PARTIES AGREE AS FOLLOWS: 1. DEPOSIT OF ESCROW FUN�S. Contemporaneously with the execution of this Escrow Agreement, the Owners shall deposit$ —I(�� 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, or legal consultant review) or will incur in meeting with tt�e Owners, reviewin the plans, and preparing agenda packet material for Ciry Council review of application # l�{ - �3 Co� � . Eligible expenses shall be consistent with expenses the Owners would be responsible for under a land use application. 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 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 cease all reviews 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. 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 property pursuant to Minn. Stat. §§415.01 and 366.012. CITY: CITY OF ORONO' OWNERS: IJ,�,,� By: �� By: ��t��N"� • � Its: I l(/�- � � Its: �ternai�'se�nly'�,��„C��n'g�""�n�l�o F ni n�"J�eparim�,�„�'� �u.�,."�cP�c;'�Zo��g'"�Fffe I�,C�ip��o��Streef�lle Packet Last Updated: January 2014 Page 10 of 27