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HomeMy WebLinkAbout2015-01473 - Escrow tied to 15-3796 CITY OF ORONO * Z 0 1 5 - 0 1 4 7 3 * 2750 KELLEY PARKWAY DATE ISSUED: 11/17/2015 ORONO, MN 55356- 952 249-4600 FAX: 952 249-4616 ADDRESS : 2941 CASCO POINT RD PIN : 20-117-23-31-0047 LEGAL DESC : SPRING PARK : LOT 092 BLOCK 000 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL CONSTRUCTIOI�T TYPE : ESCROW FEE-APPLICANT NOTE: THIS$700 ESCROW IS TIED TO ZONING APPL[CATION IS-3796 APPLICANT ESCROW FEE-APPLICANT 700.00 TOTAL '700.00 ABBOTT& MICHELE WILLIAMS-ABBOTT,JOHN payment(s) 2941 CASCO POINT RD CHECK 11997 700.00 WAYZATA,MN 55391- OWNER ABBOTT&MICHELE WILLIAMS-ABBOTT,JOHN 2941 CASCO POINT RD WAYZATA, MN 55391- 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 goveming this type of work shail 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 afrer 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 ORONO ESCROW AGREEMENT Building Permit#2015-01410 Land Use Application#15-3796 AGREEMENT made this day of , 20 by and betw n th CIT OF ORONO, a Minnesota municipal corporation (" ity")and �.�`c � �lr f cC9��i – ���-("pwners"). Recitals 1. A building permlt application has been filed for a variance and building permit located at 2941 Casco Point Road, the ("Subject Propert�'), legally described as see Exhibit A (attached) 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 DS. Contemporaneously with the execution of this Escrow Agreement,the Owners shall deposit$�,bOD with the City. AI! 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 Clty for all out-of-pocket costs the City has incurred (including planning, engineering, in excess of $500, or legal consultant review) or wfll incur in reviewing the plan. Eligible expenses shall be consistent wlth expenses the Owners would be responsible for under a buiiding permft application.The escrow will also guarantee reimbursement to the City for all�ut-of-pocket costs the City has incurred to assure that the work is completed in accordance with the Stormwater Pollutlon Preventlon Plan and the provisions of Orono City Code Chapter 79.The flnanclal 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 buildfng permit #2015-01410 and land use application #15-3796 if compliance with the approved building permit is not accomplished. 3. MONTHLY BILLING. As the City receives consultant bills for incurred costs, the Clty will in turn send a bill to the Owners. Owners shall be responsfble for payment to the City within 30 days of the Owners'receipt of blll. 4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Owners do not make payment to the City withln the timeframe outlined in #3 above, shal� issue a Stop Work Order until the Owners pay all expenses invoiced pursuant to#3. The Cfty may draw from the escrow account without further approvai 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: CI OF O ONO O NE : � �Y� �I ` ` QCC�_.� —��7� Its: � �..���.�.�� ���l�'.���°��;�Orlgir��l=`tg plarinirig �,L7 Copyto Property,0u�i��er��,,�_�t3�Cop.ys o��5.����e