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HomeMy WebLinkAbout2012-00076 - escrow fee ~ CITY OF ORONO PERMIT NO.: 2012-00076 2750 KELLEY PARKWAY / ORONO,MN 55356- DATE ISSUED: 02/07/2012 952 249-4600 FAX: 952 249-4616 ADDRESS : 315 TONKAWA RD PIN - : 06-117-23-14-0021 LEGAL DESC : REG.LAND SURVEY NO.0540 : LOT 000 BLOCK 000 PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERMIT I PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT NOTE: TIED TO BUILDING PERMIT 2011-01507 JENSEN HOMES APPLICANT ESCROW FEE-BUILDING 2,500.00 601 CARLSON PARKWAY#1225 TOTAL 2,500.00 MINNETONKA,MN 55305- (952)475-0548 Ci-" of ilrvxu Minnesota State License#: 1156 017 54 4 FSS sy ��-24g-46011 ; OWNER Ree-ipt N6.* 110NAI& Feb 7. 2012 Waycrosse,Inc. Jensen; WAes MACMILLAN,MARTHA E 15407 MCGINTRY RD W Previous' alance: f%0 WAYZATA,MN 55391- P'erv.ts 2412 06 315 Tonkma R4 2,500.00 10t.-cc8 AGREEMENT AND SWORN STATEMENT - ]+sferred Rev-DevelOW 0465it The work for which this permit is issued shall be performed according to Total.- 2,5W.00 the approved plans and specifications,applicable City approvals,and the f "' State Building Code. This permit is for only the work described and does Check not grant permission for additional or related work which requires separate Chtrk tdo:;54169 permits. All provisions of laws and ordinances governing this type of work Payor: shall be compied with whether or not specified herein.This permit will Jerisen.Flms expire and become null and void if construction authorized is not E Total Applied: - 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. Nam e TBttitiered: The applicant is responsible for assuring all required inspections are requested in conformance with the State Building Code.This permit may be (tc t7+1eQ12 1d:0�?MM revoked at any time for due cause. Applicant Pennitee Signature Date Issued By S' ature to SEPARATE PERMITS REQUIRED FOR WORK OTHER THAN DESCRIBED ABOV BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit#2011-01507 AGREEMENT made this,—day of ✓aAi 20 �.2, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City")and Martha E. M cMillan ("Owners"). Recitals 1. A building permit application has been filed for an elevator addition located at 315 Tonkawa Road the ("Subject Property"), legally described as Tract C, Registered Land Survey No. 540, files of Registrar of Titles, Hennepin County, Minnesota, except the South 132.00 feet of the West 205.00 feet thereof. 2. Owners request the City to review this application. 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 (including planning, engineering, or legal consultant review) associated with building permit #2011-01507 if compliance 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 escfow, 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: CI FF. 4o OWNE By: Its: ice ,