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Home My WebLink About2015-00107 - escrow fee � ' CITY OF ORONO 2750 KELLEY PARKWAY * 2 PJ 1 5 - 0 PJ 1 PJ 7 * DATE ISSUED: OU23/2015 ORONO, MN 55356- 952 249-4600 FAX: 952 249-4616 ADDRESS : 681 SANDSTONE CIR PIN : 33-118-23-11-0042 LEGAL DESC : STONEBAY : LOT 039 BLOCK 001 PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT NOTE: THIS$2500 ESCROW IS TIED TO 20 1 5-00 1 06 681 AND 683 SANDSTONE CIRCLE APPLICANT ESCROW FEE-BUILDING 2,500.00 ESCROW FEE-EROSION CONTROL 0.00 STONEBAY BUILDERS LLC ESCROW FEE-GRADING 0.00 14870 BROCKTON LANE DAYTON,MN 55327- TOTAL 2,500.00 (612)363-4304 Payment(s) Minnesota State License#: BUIL-BC681308 CHECK �-�Yfr� 2,500.00 )�� OWNER Stonebay Builders LLC 14870 BROCTON LANE DAYTON,MN 55327- AGREEMENT AND SWORN STATEMEIYT The work for which this permit is issued shall be performed according to the approved plans and specifications,appficable 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 goveming this type of work shall be compied with whether or not specified herein.This permit will expire and become null and void if construction authorized is not commenced within 180 days of the date of issuance,or if construction is suspended for a period of 180 days at any time after work has commenced. The applicant is responsible for assuring all required inspections ue 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 t � BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit# ZOlS —(�41CXp * ��" �� AGREEMENT made this ZJ day of i , 20 �J, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City")and C.. ("Owners"). Recitals 1. A building permit application has been filed for ��1Ni Vl�10YVLQ� located at �� F�lCS SAI'1dSIOF1L CfM"the ("Subject Property"), legally described as 'f � �,(�,K„ t� 5�01'Ip�l� Hennepin County Minnesota. 2. Owner requests the C�y to review this application. 3. The City witl 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 bui�ding permit application. The escrow will also guarantee reimbursement to the City for all out-of-pocket costs the C�y 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 b the work (including planning, engineering, or legal consultant review) associated with building permit # —OOIOto if compliance with the approved building permit is not accomplished. •�,. Zp�S.(�p?�p 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 outtined 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 incuRed. 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 property pursuant to Minn. Stat. §§415.01 and 366.012. CITY: CITY OF O N OW ER: . By: its: �..� , tnternal Use Only: �Original to Financs Department �Copy to Street File � City of Orono� 2750 Kelley Parkway Orono MN 55356 952-249-4600 Receipt No: 3.012672 Jan 23, 2015 Stonebay Buidlers Previous Balance: Permits .00 2015-00107 681 683 2,500.00 Sandstone Circ;e 101-22205 Deferred Rev-Developer Deposit , Total: ` 2,500.00 Check _______________ Check No: 111p 2,500.00 Payor: Stonebay Buidlers Total Applied: 2,500.00 Change Tendered: � ,00 01/23/2015 03:43PM