HomeMy WebLinkAbout2015-00641 - escrow fee CITY OF ORONO * 2 0 1 5 - 0 0 6 4 1 *
� ' 2750 KELLEY PARKWAY DATE ISSUED: 05/2U2015
ORONO, MN 55356-
952 249-4600 FAX: 952 249-4616
ADDRESS : 2940 SIXTH AVE N
PIN : 28-118-23-31-0001
LEGAL DESC : LJNPLATTED 28 118 23
: LOT 000 BLOCK 000
PERMTT TYPE : ESCROW FEE-APPLICANT
PROPERTY TYPE : RESIDENTIAL
CONSTRUCTION TYPE : ESCROW FEE-APPLICANT
NOTE: THIS$2500 ESCROW IS TIED TO ZONING APPLICATION 15-3747
APPLICANT ESCROW FEE-APPLICANT 2,500.00
ESCROW FEE-DEVELOPER 0.00
Stonegate Fazm TOTAL 2,500.00
6851 FLYING CLOUD DR Payment(s)
EDEN PRAIRIE,MN 55344 CHECK 3286 2,500.00
OWNER
Stonegate Farm
6851 FLYING CLOUD DR
EDEN PRAIRIE,MN 55344
AGREEMENT AND SWORN STATEMENT
1'he 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 Iaws 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 appticant is responsible for assuring all required inspections are
requested in conformance with the State Building Code.1'his permit may be
revoked at any time for due cause.
/ /
Applicant Permitee Signature Date Issued By Signature Date
. �
LAND USE APPLtCATiON ESCROW AGREEMENT
Application# /S-3 7 7
AGREEMENT made this��day of 20�, by and between the CiTY OF
ORONO,a Minnesota municipal corporation("City')and S�rr��e fi'- F`t,rm 5 _ .I'r��
[a corporation—optionaq("Owners").
Recitais
1. Owners have filed Land Use, plication#/53 `f formaNy requesting the City to review plans
for the property addressed: 0�9�0 c5lX �V`e N (the "Subject Property') legally
described as
2. Owners request the City to review said plans which r�uires City approval and may require
consulting legal and/or 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 reimbursemerrt to the City of its costs.
NOW THEREFORE,THE PARTIES AGREE AS FOLLOW3:
1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with the execution of this Escxow
Agreement,the Owners shall deposit i aSUD'� with the City. All accrued interest,if any, shall be paid to the
Ciry 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 the Owners, reviewin U�e plans, and preparing agenda packet material for City Council
review of Land Use Applicat�on#.CS-375F� . 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 tum
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, shali cease all reviews until the Owners pay all
expenses invoioed pursuant to#3. The City may draw from the escrow account without further approval of tl�e
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 retumed 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 successfuily
completed and virt�ether it is appropriate to retum the funds. Owner may atso request the release of the funds,
and such funds shatl be released upon City Staff receiving tl�e appropriate verification that all requirements of the
project have been successfully completed.
6. CERTIFY UNPAID CHAR(iES. If the project is abandoned by Owners,or ff 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
subjecf property pursuant to Minn.Stat.§§415.01 and 366.012.
CITY• CITY OF O O OWNERS:
By: By:�j
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