HomeMy WebLinkAbout2016-00317 - escrow fee .. � CITY OF ORONO * 2 0 1 6 — 0 0 3 1 7 *
2750 K,ELLEY PARKWAY DATE ISSUED: 04/OU2016
ORiONO,MN 55356-
(952 249-4600 FAX: (952 249-4616
ADDRESS : 2500 SHADYWOOD RI)
pIN : 20-117-23-11-0034
LEGAL DESC : REG.LAND SURVEY I�O. 1630
: LOT 000 BLOCK 00�
PERMIT TYPE : ESCROW FEE-TIED Ta BUILDING PERMIT
PROPERTY TYPE : COMMERCIAL-BUSINESS
CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUII.,DING PERMIT
NOTE: THIS$2500 ESCROW IS TIED TO THE DEMOLITION PERMIT FOR 2500 SHADYWOOD ROAD
APPLICANT ESCROW FEE-BUILDING 2,500.00
TOTAL 2,500.00
Freshwater Foundation Payment(s)
CARGILL INC CHECK 1454 2,500.00
PO BOX 5626
MINNEAPOLIS,MN 55440-
OWNER
Freshwater Foundation
CARGILL INC �
PO BOX 5626
MINNEAPOLIS,MN 55440-
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 permit 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 permit will li
expire and become null and void if construction authorized is not
commenced within 180 days of the date of issuance,or if construction is I
suspended for a period of 180 days at any time after work has commenced. I
The applicant is responsible for assuring all required inspections aze I
requested in confoimance with the State Building Code.'This permit may be I
revoked at any time for due cause. �
I / /
Applicant Permitee Signature Date I Issued By Signature Date
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ESCR(�W AGREEMENT v�
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" � '.GREEMENT made this�_day of � I , 20� , by and between the CITY OF ORONO, a
Minnesota muniapal corporation("City")and �Y�L ("Owners")
Rec Is
1. An application for a demolition permit has been filed for 1✓) 101� Dlocated at
���O � v .tnc�cQ.. � ("Subject Property") legally described as
2. In conjunction with the demolition, erosion control measures are required as shown on attached
Exhibit"B°.
NOW,THEREOFRE,THE PARTIES AGREE AS FOI.LOWS:
1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow Agreement,
the Owners shall deposit$2,500 with the City. All aacrued 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-0f-pocket costs(including planning,engineering,or legal consu�ant r+eview)the City has incurned to assure that
the erosion control measures are installed and maintained so the property complies with the provisions of Orono City
Code Chapter 79. The flnanaal security may also be used by the City to eliminate any hazardous conditions
assoaated with the woric and to repair any damage to�public property or infrastructure that is qused by the woric. If
compliance with the approved Land Disturbance Pem7it is not acxomplished within the allowable time period,the City
may bring the project into compliance by use of the se¢urity.
3. RIGHT OF ENTRY. The Owners hereby grant the City, its agents, employees, officers and
contractors the right to enter the property to perform all work and inspections deemed appropriate by the City in
conjunction with the required erosion control measunes�,including but not limited to constructing or completing any and
all of the agreed upon improvements should the Owr�ers' contractor not complete those improvemerrts by the date
speafied herein.
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 responsibl�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,sl�all issue a Stop Woric Order until the Owners pay all e�enses
invoiced pursuant to #3. The City may draw from tMe escrow account without further approval of the Owners to
reimburse the City for eligible e�enses the City has inclurred.
5. CLOSING ESCROW. Any remaining� amount of the financial security deposited with the City for
faithful performance of the plans and speafications and any related remedial work will be released after the
completion and inspec�tion of all such measures and thie establishment of final stabilization for the Subject Property.
City Staff shall review the terms of this escrow agreem�nt two times per year to determine whether the requirements
of the project have been successfully eompleted 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 r+equirements of the project have beeM successfully completed.
6. CERTIFY UNPAID CHARGES. If the project is abandoned by Owners, or if the eligible e�enses
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: ITY OF ORONO OWN
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By:
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Iuberwl Use Only: ❑ Original to F'i�nce Depart nt ❑ Copy to Stneet Fite
Foi►n Last Updated: January 2015
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