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Home My WebLink About2013-00653 - escrow fee f� � CITY OF ORONO 2750 KELLEY PARKWAY * 2 0 1 3 — fd 0 6 5 3 * DATE ISSUED: 07/16/2013 ORONO,MN 55356- 952 249-4600 FAX: (952 249-4616 ADDRESS : 2248 SHADYWOOD RD PIN : 17-117-23-43-0126 LEGAL DESC : WILEYS PARK LAKE MTKA : LOT 007 BLOCK 001 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-APPLICANT NOTE: THIS$2500 ESCROW IS TIED TO ZONING APPLICATION 1�3618 APPLICANT ESCROW FEE-APPLICANT 2,500.00 LAGERSTROM,ED ESCROW FEE-DEVELOPER 0.00 2248 SHADYWOOD RD WAYZATA,MN 55391- TOTAL 2,500.00 OWNER LAGERSTROM,ED 2248 SHADYWOOD RD WAYZATA,MN 55391- 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. 7'his permit is for only the work described and dces not grant pertnission for additional or related work which requires sepazate 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 consWction 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 aze 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 SEPARATE PERMITS REQUIRED FOR WORK OTHER THAN DESCRIBED ABOVE. ». � • APPLICATION ESCROW AGREEM�N�� Zoning Appiication#�� - �(D AGREEMENT made this ! 7 day of , 20�, by and between the CITY OF ORONO, a Minnesota unicipal cor oration �"City" and W'�. ( rl�l [a corporation—optionaQ ("Owner"). Recitals 1. Owner has filed Zoning Application# � � - "��formally requesting the City to review plans for v f` fi'1' ` located at � a � the "Subject Property") s more fully shown and described on Exhibit"A"attached hereto. 2. Owner requests the City to review said plans which requires City approval including �a6i aK c.�e n+� 2� �� S h c�.��L.�D�9,� _ �h�n,7 �Ai _ 3. The City is willing to 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 Owner shall deposit $ �S � with the City. All accrued interest, if any, shall be paid to the City to reimburse the City for its cost in a ministering 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 th�e Owner, reviewi g the plans, and preparing agenda packet material for City Council review of application# l?7 - 1��. Eligible expenses shall be consistent with expenses the Owner would be responsible for under a zoning and subdivision application. 3. MONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will in turn send a bill to the Owner. Owner shall be responsible for payment to the City within 30 days of the Owner's receipt of bill. 4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Owner does not make payment to the City within the timeframe outlined in #3 above, the City may draw from the escrow account without further approval of the Owner to reimburse the City for eligible expenses the City has incurred. The City shall notify the Owner of such draw and the nature of the expense for which the reimbursement is being made. If the Escrow amount falls below 75% of the originat escrow amount the Owner shall deposit additional sums as directed by the City, or the City shall discontinue all review. 5. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to the Owner when the review has been completed. 6. CERTIFY UNPAID CHARGES. If the project is abandoned by Owner, 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 OF ORONO c OWNER� � By:(��'� By: its: c_.tw� �� its: � L. ��;�, ��et��r�-- Packet Last Updated: 03/29/13 Page 10 of 31 r , . ► EXHIBIT"A" LEGAL DESCRIPTION J/(�"r �l �l�L� �I�'t�S� �1�7�- �� ✓l l�l��l��- Packet Last Updated: 03/29/13 Page i l of 31