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Home My WebLink About2016-00308 - escrow fee � CITY OF ORONO * z 0 1 6 - 0 0 3 0 8 * 2750 KELLEY PARKWAY DATE ISSUED: 03/31/2016 ORONO,MN 55356- 952 249-4600 FAX: 952 249-4616 ADDRESS : 654 SANDSTONE CIR PIN : 33-118-23-11-0053 LEGAL DESC : STONEBAY : LOT 004 BLOCK 002 PERMIT TYPE : ESCROW FEE-T1ED TO BUII.,DING PERNIIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT N01'E: THIS$2500 ESCROW IS TIED TO BIJII,DING PERMITS 2016-00302,304,AND 306 APPLICANT ESCROW FEE-BUII..DING 2,500.00 TOTAL 2,500.00 STONEBAY BUII..DERS LLC Payment(s) 14870 BROCKTON LANE CHECK 1128 2,500.00 DAYTON,MN 55327- (612)363-4304 Minnesota State License#:BUII.,-BC681308 OWNER Essay Holdings 2110 LYNDALE AVE S MINNEAPOLIS,MN 55405- AGREEMENT 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 peimit is for only the work described and dces 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 compied with whether or not specified herein.This pern►it will expire and become null and void if construction authorized is not commenced within 180 days of the date of issuance,or if constraction is suspended for a period of 180 days at any time after work has commenced. The applicant is responsible for assuring all required inspections are requested in conformance with the State Building Code.This permit may be revoked at any time for due ca r�` � � / / Applicant Permitee Si ature Da Issued By Signature Date � BUILDING PERMIT ESCROW AGREEMENT ' ' Orono Buiiding Permit#�D/!o -Oa�43 305� �07 i AGREEMENT made this��day of �J G� , 2�b ,, by an }�e�Ween the CITY OF ORONO, a Minnesota municipal corporation ("City") and __ /4 � ��7' ��r �'/G�{✓f �L� • ("Owners"). Recitals 1! A building ermit application has been filed for b��0�` 0 5� located at , A�al,'�l i B h� C��'�'�'� /�`�192, GNr� y h�� e ("S b ject Pro pert y"), le gall y described as 2. Owners request the City to review this application which requires City approval and may require consultant legal and/or engineering review. 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 ncluding planning, engineering, or legal consultant review) associated with building permit #�- �SJ� ompliance with the approved building permit is not accomplished. 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 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 all requirements related to the project are complete. City Staff shall review the terms of this escrow agreement two times per year to determine whether the requirements of the project have been successfully completed and whether it is appropriate to return the funds. Owner may also request the release of the funds, and such funds shall be released upon City Staff receiving the appropriate verification that all requirements of the project have been successfully 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 O By: I� its: �Q V Internal Use Only: � Original to Finance Department �Copy to Street File Packet Last Updated: August 2015 Page 23 1128 STONEBAY BUILDERS LLC 16135 55TH AVE N � PLYMOUTH,MN 55446-3T73 �J/ � // � � f7 75-1752-910 DATE � PAY TO THE � � �� ORDER OF � g 7�� 6 � k �� S►� vc s�� -' � � � r e�c�► I-�--� ►'�e Smtv►RS � �:� , BRIDGEWA'CER BANK . WWW.BRIDGEWATERBAN%MN.COM FOR �)�(�1 �Q v � Pv �f— �-li'C�D � 6�,^8j � s�6� � �� ►�' �' ; .,:tf �� ur��7u 2750 Kelley Parkway Orono MN 55356 952-249-4600 Receipt No: 3.015275 Mar 31, 201� City of Orono 2750 Kelley Parkway Orono MN 55356 952-249-4600 Stonebay Builders Receipt No: 3.015274 Mar 31, 2016 Previous Balance: .00 Permits 2016-00302 654 Sandstone 1,458.55 Stonebay Builders Circle 101-34410 Previous Balance: .00 Plan Check/Site Exam Fees Permits Permits 2016-00308 654,656,658 2,500.00 2016-00304 656 Sandstone 1,458.55 Sandstone Circle Circle 101-22205 101-34410 Deferred Rev-Developer Deposit Plan Check/Site Exam Fees --------------- Permits Total: 2,500.00 2016-00306 658 Sandstone 1,458.55 ____�__________ Circle ' Check 101-34410 ' Check No: 1128 2,500.00 Plan Check/Site Exam Fees Payor: : --------------- '; Stonebay Builders Total: 4,375.65 ; Total Applied: 2,500.00 Check Change Tendered: .00 Check No: 1128 4,375.65 =�_____________ Payor: 03/31/2016 09:51AM Stonebay Builders � Total Applied: 4,375.65 ' Change Tendered: .00 --------------- --------------- nn i .i .�i` r,.n4r . .