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HomeMy WebLinkAbout2012-00339 Wetland Buffer Memo Planning & Zoning Department Memo To: Finance Department From: Christine Mattson, Planning Assistant CC: Street File C/ Date: June 9, 2014 G/L: 101-22205 Re: Escrow Refund Wetland buffer establishment in conjunction with Building Permit #2012-00339 pertaining to 4115 Watertown Road is complete. Please refund $5,000 to the property owner, Mike Dyer. The following is attached: • Copy of the original signed escrow agreement • Copy of cash register receipt showing escrow amount received Mail to: Mike Dyer 4115 Watertown Road Maple Plain, MN 55359 wAstreet files\watertown rd\4115\escrow refund request for 2012-00389.docx , f WETLAND BUFFER ESTABLISHMENT ESCROW AGREEMENT Permit#2012-00339 AGREEMENT made this day of &,7P 20/S,-by and between the CITY OF ORONO, a Minnesota municipal corporation("City")and Michael&Jill Dyer("Owners"). Recitals 1. A building permit application has been filed for a property located at 4115 Watertown Road the ("Subject Property"), legally described as Lot 2, Block 1, Maple Place Second Addition, Hennepin County, Minnesota. 2. The City has reviewed and approved this application. 3. The scope of the project which is the subject of building permit #2012-00339 triggers the application of the City's wetland buffer requirement as established by City Zoning Code Article XI Wetlands Protection 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$5,000 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 the establishment and development of the required native wetland buffer and to reimburse the City for all out-of-pocket costs the City has incurred(including planning,engineering or legal consultant review)or will incur in reviewing the plan.Eligible expenses shall be consistent with expenses the Owners would be responsible for as part of the establishment of the wetland buffer.The escrow will also guarantee reimbursement to the City for all out-of-pocket costs the City has incurred associated with permit #2012-00339 if compliance with the wetland buffer establishment 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. S. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to the Owners when the review has been completed, the native wetland buffer established 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 TY O OftON OWNER By: Internal Use Only: 13 Original to Planning Department 0 Copy to Street File City of CrtoK, 7513 Ae?',r_; Aar'kWap Orono 111 249-4WO; + �±0t el�i al3: 3.,�r721 T+."i 1?y coli i michae; 9 jilt Dye,;. PlaiaPtis and 7,m,I7 c412 t 03a Wet lar Puffer - 4115 Watertrwn 1�LEf�`td qE''/-1'k?YEI?�eY• �7C.r� *, %taI: --- y f.E.i:rl` a,o!':04^50 P�y�r AtiCkaQi 3 J11 DVe+" total H;..41ipd. ,WO.RO