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HomeMy WebLinkAbout2017-00569 - escrow fee CITY OF ORONO 111 2 111111 I�I3 Ill I�I h I II II 2750 KELLEY PARKWAY DATE ISSUED: 05/30/2017 ORONO, MN 55356- (952)249-4600 FAX: (952) 249-4616 ADDRESS : 2040 WAYZATA BLVD W PIN : 34-118-23-21-0036 LEGAL DESC : ORONO AMBAR : LOT 002 BLOCK 001 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-APPLICANT NOTE: THIS$5000 ESCROW IS TIED TO THE NON LAND USE APPLICATION FOR ORONO SENIOR HOUSING PAID BY VOLUNTEERS OF AMERICAN APPLICANT ESCROW FEE-APPLICANT 5,000.00 TOTAL 5,000.00 Orono Housing&Redevelop Authority Payment(s) 2750 KELLEY PKWY CHECK 511161 5,000.00 CRYSTAL BAY,MN 55356- OWNER Orono Housing&Redevelop Authority 2750 KELLEY PKWY CRYSTAL BAY,MN 55356- 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 does 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 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 applicant is responsible for assuring all required inspections are 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 ESCROW AGREEMENT AGREEMENT made this day of n .`' 20€', by and between the CiTY OF ORONO,a Minnesota municipal . ...___-corporation("City'_')and . d Sw ' . i "Appllcant(s)"�.. ._ .__. . ___ _ .. ... .--- RECITALS A. Applicant has: (check one) ❑ Flied a zoning application • ❑ Filed an application for a Building/Zoning Permit d • ❑ Agreed to comply with Orono City Code Section 78-1432 regarding accessory structures. ❑ Filed an Individual Sewer Treatment System(ISTS)permit application. ❑ Requested to do work within public Right-of-Way ❑ Filed a request for a Temporary Certificate of Occupancy X Other_Requested consideration of a land sale relative to Orono Woods ("Application')on land situated in the City and located at 2040 Wayzata Blvd(the"Subject Property")as legally described,Lot 2,Block 1,Orono Ambar B. The City is willing to review or monitor the Application only if the Applicant agrees to reimburse the City for the actual costs expended by the City on behalf of,or on account of,the Applicant. C. Applicant hereby agrees to and consent to the terms and conditions of this Escrow Agreement. NOW THEREFORE,THE PARTIES AGREE AS FOLLOWS: 1. DEPOSIT REQUIRED. Contemporaneously with the execution of this Escrow Agreement,the Applicant shall deposit$5,000("Escrow")with the City necessary to secure coverage of the total costs associated with review, approval,and monitoring of the Application. Any Escrow shall be held in a special escrow account and shall be credited to the Applicant. • 2. PURPOSE OF ESCROW. • The purpose of the Escrow is to guarantee reimbursement to the City for expenditures including but not be limited to engineering,Financial,and legal consultant expenses incurred by the City in reviewing and approving the Application 3. MONTHLY B1LUNG. The City will monthly forward to the Applicant a statement and bill for the expenditures incurred by the City for staff and consultant services. Such statements shall be due and payable within 15 days • for receipt by the Applicant. No statement will be sent If there are no expenses Incurred in the period since the most recent statement. The City shall.itemize all time,services,and materials billed to any Applicant and said time,services, and materials shall be in accordance with the rules,regulations,and fees as promulgated and adopted by the City Council. 4. DISBURSEMENTevent ESCROW O ACCOUNT. In the a ent the Applicant does not make payment the City as required under paragraph 3,the City may draw from the Escrow without further approval of the Applicant to reimburse the City for eligible expenses the City has incurred. The City shall periodically notify the Applicant of the draws the City has made and the nature of the expense for which the reimbursement Is being made. 5. REIMBURSEMENT OF ESCROW. The Applicant shall reimburse the Escrow fund for any deficits caused if the amount actually expended by,or billed to,the City exceeds the escrow fund balance. 6. 'RIGHT OF ENTRY. ■ This section is not applicable, December•2o15 1 7. NO INTEREST PAID. All accrued interest, if any,shall be paid to the City to reimburse the City for its cost in administering the Escrow account. 8. CLOSING ESCROW. When the review has been completed or the project has been completed,the balance of the Escrow,If any,shall be returned to(check one): • wner ial'Applicant a Other Name: ©.4„diA v c- /QA) 01) Street Address/PO Box: 76-SO IIftar V f;le City/State/ZIP: at-NA- / tvi.,9' 6'.33 yy IN WITNESS WHEREOF,the undersigned have executed this Agreement as of the day and year first above written. F CITY OF ORONO: APPLICANT(s): BY: 6rAiL /./.44K BY: 1J 1 , • 44 4 Alf _ 44,ol)r • • • i • i December 2016 2 "