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Home My WebLink About2014 - 00174 - escrow fee CITY OF ORONO 2750 KELLEY PARKWAY * Z T 1 4 - 0 0 1 7 4 DATE ISSUED: 02/27/2014 ORONO, MN 55356- (952) 249-4600 FAX: (952) 249-4616 ADDRESS : 364 WESTLAKE ST PIN : 05-117-23-23-0043 LEGAL DESC : HILLSIDE PARK : LOT 000 BLOCK 001 PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT NOTE: THIS$2500 ESCROW IS TIED TO BUILDING PERMIT#2014-00137-PD CHECK#9012 APPLICANT ESCROW FEE-BUILDING 2,500.00 ESCROW FEE-EROSION CONTROL 0.00 Identisys, Inc. ESCROW FEE-GRADING 0.00 SHIELDS TRUSTEES,JANELLE K&MICHAEL R 7630 COMMERCE WAY TOTAL 2,500.00 EDEN PRAIRIE,MN 55344- Payment(s) CHECK 9012 2,500.00 OWNER Identisys, Inc. SHIELDS TRUSTEES,JANELLE K&MICHAEL R 7630 COMMERCE WAY EDEN PRAIRIE, MN 55344- 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 BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit#2014-00137 AGREEMENT made this x 7i'1 day of j—e rs'R fill; 2011/,, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") Michael Shields ("Owners"). Recitals 1. A building permit application has been filed for a pool and new principal structure located at 364 Westlake Street the ("Subject Property"), legally described as Lot 9; and that part of Lots 10, 11 and 12 Block 1, Hillside Park, according to the recorded plat thereof, Hennepin County, together with that part of the vacated alley adjoining said Lot 12, lying East of a line described as commencing at the Northwest corner of said Lot 10; thence on an assumed bearing of North 89 degrees 57 minutes 07 seconds East along the North line of said Lot 10 a distance of 307.00 feet to the point of beginning of the line to be described; thence on a bearing of South to the shoreline of Lake Minnetonka and said line there terminating. 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 #2014-00137 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 escrow, 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: CITY OF_ORONO OWNER: By: i ,�,` \`,. _ ) Its: <_ Z` ;• Internal Use Only: 0 Original to Planning 0 Copy to Property Owner 0 Copy to Street File Planning & Zoning Department Memo To: Finance Department From: Mike Gaffron, Senior Planner CC: Street File Date: February 7, 2017 G/L: 101-22205 Re: Escrow Refund Building Permit #2014-00137 pertaining to 364 Westlake Street is complete. Please refund $10,000 to the property owner, Michael &Janelle Shields. The following is attached: • Original signed escrow agreements: o 2014-00174 ($2500.00) Building Permit Escrow o 2014-01298 ($7500.00) Temp C.O. Additional Escrow • Copy of cash register receipt showing escrow amount received Mail to: Shields Trustees, Janelle K. and Michael R. Shields 364 Westlake Street Long Lake, MN 55356 7/-7/ Grp 414[1 G FiNis— G, d. App21-7/17 • /NSP �tP - &"-0&" pN Wes �,v w:\street files\westlake st\364\escrow refund form 2014-00137.docx