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Home My WebLink About2016-01045 - escrow fee � CITY OF ORONO * z 0 1 6 - 0 1 0 4 5 * 2750 KELLEY PARKWAY DATE ISSUED: 08/29/2016 ORONO, MN 55356- (952) 249-4600 FAX: (952) 249-4616 ADDRESS : 2750 CASCO PO1NT RD PIN : 20-117-23-24-0020 LEGAL DESC : CASCO HEIGHTS : LOT 000 BLOCK 003 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-APPLICANT NOTE: THIS$7500 ESCROW IS TIED TO BUILDING PERMIT 2016-00069 FOR A TEMPORARY CERTIFICATE OF OCCUPANCY APPLICANT ESCROW FEE-APPLICANT 7,500.00 CHARLES CUDD LLC TOTAL 7,500.00 15050 23RD AVENUE N Payment(s) CHECK 038240 7,500.00 PLYMOUTH,MN 55447- �) Minnesota State License#: BUIL-BC635245 OWNER Casco Ventures LLC 16192 HIGHWAY 7 MINNETONICA,MN 55345- AGREEMENT AND SWORN STATEMENT The work for which this permit is issued shall be performed according to the approved plans and specifications,applicable Ciry 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 sepazate permiu. 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#2016-00069 and Demolition Permit#2015-00851 AGREEMENT made this 3� day of ��bb�-cr.�-� , 20 l(A, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") and Casco Ventures LLC ("Owners"). Recitals 1. A building permit application has been filed for a new single family home located at 2750 Casco Point Road the("Subject Propert�'), legally described Lots as 10 and 11, Block 3,Casco Heights, Hennepin County Minnesota. 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 #2016-00069 and demolition permit #2015-00851 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 retumed 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: /w �'� � �ts: (�nn Internal Use Only: �Original to Planning �Copy to Property Owner G Copy to Street File � . ✓ DEMOLtT10N PERMIT#2015-00851 ESCROW AGREEMENT AGREEMENT made this �day of d� � , 20�� by and batween the CITY OF ORONO, a Minnesota municipal corporation ("City") and Casco Veritures, LLC ("Owners"). Rec ls 1. An applicafion for a demolition permit has been filed for principal structure located at 2760 Casco Roint Road, PfD 20-117-23-24-0020 and PID 20-117-23-24-0019 ('Subject Property") legal(y described as Lots 8 8 9 and Lots 10&11, Block 3, Casco Heights,Wright County, Minnesota. 2, In conjunction with the demolition,erosion control measures are required as shown on attached Exhibit 'A". NOW,THEREOFRE,THE PARTIES AGREE AS FOLLOWS: 1. DEPOSIT OF ESCROW FUNDS. Contemporaneousiy with the execution of this Escrow Agreemerrt, the Owners shafl 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-podcet costs(including planning, engineering, or legal consultar�t review)the City has incurred to assure that the erosion c�ntrol measures are installed and maintained so the property comp(ies with #he provisions of Orono City Code Chapter 79. The financiai 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�at is caused by tf�e work. If compliance with the approved Land Disturbance Permit is nvt accomplished within the allowable time period,the City may bring the praject into compliance by use of the security. 3. RIGHT OF ENTRY. The Owners hereby grant the City,its ager�ts,employees,officers and contractors the right to enter the property to pertorm all work and inspections deemed appropriate by the City in conjunction with the required erosion control measures, including but not limited to constructing or completing any and all of the agreed upon improvemerrts should the Owriers' contractor not complete those improvements by the date specified herein. 3. MONTHLY BILLING. As tfie City receives consultant bills for incuRed costs,the City will in tum send a bill to the Owners. Owners shatt be responsible for payment to the City w►ithin 3d days of the Owners' receipt of bill. 4. DISBURSEMENT FROM ESCROW ACCOUNT. In tt�e event that the Owners do nat make payment to the City within the timeframe outlined in#3 above, shall issue a Stop Work Order until the�wners pay al{expenses invoiced pursuant to #3. The City may draw from the escrow account witt'iout further approval of the Owners to reimburse the City for eligibie expenses the City has incurred. 5. CLOSING ESCROW. Any remaining amount af tiie financial security deposited with the City for faithful performance of the plans and specifications and any related remedial work wil! be released after the completion and inspectton of all such measures and the establishment of final stabilization for the Subject Property. City Staff shall review the terms of this escrow agreement two times per year to determine whether the requirements of the project have been successfully completed and whether it is appropriate to return the funds. Owner may also request the release of the funds,and such funds shatl be released upan City Staff receiving the appropriate verification that all requirements of the project have been successfully compfeted. fi. CERT1Fll UNPAiD CHARGES. tf#he project is abandoned by Owners, or if the eligible e�enses 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 368.012. C1TY: ITY OF ORONO �WNERS: By: �V U f-�I�"� / ��' " �"F"% � ��-�-�.�--�-�;�-� � �ts:� � Y � � '�}' ,,,� Ieler�at i;se Oety: Or�inal tQ FE ce Dcpart�eit 0 Copy M 3teYet�e � NA'T�L H RUNNING TRUST DATEDH�200�N�G REVOC�BLE 'Ss$ 16192I�G�AY 7 �mV1VETONICA,MN 553¢5_3403 S 1 7 4. V PAY Tp / DATE �U � � ��ER OF X � S � v�� , � � � �� AMERrCANA �.�.�. � CO/y�MUNITY D°L� 1�i ��... BAN� °�.a..,� t' r r ` . . City of Oron� 2750 K MNpy parkway Orono 55356 Receipt No; 952-�qg_46U0 �.014411 Oct 8, 2015 Casco Ventures LLC Planning �AKp' Nathaniel Runni Rd15-01307 275a Casco Pt 101-22205 ��OO.pp Deferred Rey_peV�loper DeNosit Total: ____ Check __ 2.5U0.00 Check No: 5174 --__-_ =_ -__= Payor: 2,500.OD Casco VEntures rotal qpp�i�d; �LC {qKq: Nathaniel Runni Change Tendered; ---___2_5UO.�p ��/08�2015 02:14PM -_'_`-`O oo=