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Home My WebLink About2015-00509 - escrow associated w/ new house CITY OF ORONO * z 0 1 5 - 0 0 5 0 9 * ' 2750 KELLEY PARKWAY DATE ISSUED: 04/29/2015 � ORONO, MN 55356- 952 249-4600 FAX: 952 249-4616 ADDRESS : 3928 CHERRY AVE pI� : 08-117-23-33-0018 LEGAL DESC : CRYSTAL BAY VIEW : LOT 000 BLOCK 004 PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERM[T PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT NOTE: ESCROW FOR NEW HOME PERMIT#20 1 5-005 07,PAID BY APPLICANT,STONEWOOD LLC-CK#13448-$2,500.00 APPLICANT ESCROW FEE- BUILDING 2,500.00 TOTAL 2,500.00 Stonewood LLC Payment(s) 153 E LAKE ST CHECK 13448 2,500.00 WAYZATA,MN 55391- OWNER Stonewood LLC 153 E LAKE ST 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 governing this type of work shall be compied with whether or not specified herein.This permit will expire and become null and void if cons[ruc[ion 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. /u/ y/Lg /� U 7 � �� / ' ant Permitee Signatur Date [ssued By Signature Date , � , .�`; , , _ , ,. r�,� .�. , , : �., _ °z; ^ �. �:�-.�+�._, „ ,. �:. Associated Sank 13448 ' STONEWOOD LLC 45 S 7th St,ste 2soo 153 LBke Stfeet E Minneapolis,MN 55402 ' Wayzata,MN 55391 79-571759 (612)462-4000 ') 2��,�S� PAY TO TH E C�--�' (1� c�G�� 3 v q � O�iDER OF ,,''aC 7h-�riG {'Ltwi �G�-L� !�1.�K c.. R�.�-�I �00 DOLLARS� MEMO 3�Z � C�T�r r y j7�J�c. � ----- - ------_--___ _.___.-----____!"—' �� UTHORIZED SIGNATURE i �v.c,�,� � ,L�Scrr��' ,� --�, .,��... -.. � ,-�;,,. . ,. �'.�°�� '�� , ,'" ;. ,„-�*.�+Y.=f��'± '�"�'a� .'�.�� ,, . ffiSTONEWOOD LLC �448 � �`Q-vt �,fil/i G�,✓ � ��G�O c,�c� o f Orono 952-249-4600 � City el1eY55356WaY 2?5D K MN Apr 29, 2015 Orono ReceiPt N0� 3.013284 Stonewood LLC ,00 previous Balance: 2,500.00 perm�00509 3928 Cherry 2015- Ap�-2peferred Rev-Developer �ePosit 2205 3,g09.55 20 5�00508 3928 CherrY A��-3 Che k/Site Exam Fees-------------"" Plan g,309_55_ Total: g,309•55 Check 13448 Check N�� 6,309.55 Stonewood LLC ________--- Total ApPl�ed: --- _.00_ Change Tendered� 03.26PM=__ ' 04/29I2015 BUILDING PERMIT ESCROW AGREEMENT • Orono Building Permit# '��S "OpS�-1 � AGREEMENT made this��day of �-;� , 20 !�, by and between the CITY OF ORONO, a Minnesota municipal corporation (°City") and �� r{�, h�-��-► (-�.,,.�t's�� ("Owners"). Recitals 1. A building permit application has been filed for 3`iZ� C.I,,,r.- � located at CfcN(� r� the ("Subject roperty'), legally described as Ln-� �y � ('� . ►'�la� 5 C�v �� 13h-r v�tc.�l N,,nn-.nr•.} c c> r'�� U 2. Owners request the City to review this application which requires City approval and may require consultant legal and/or engineering review. 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, shail 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#20�5'G1pSCl1 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 all requirements related to the project are complete. 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 shall be released upon City Staff receiving the appropriate verification that all requirements of the project have been successfully completed. 6. CERTIFY UNPAID CHARGES. If the project �s bandoned by Owners, or if the eligible expenses incurred by the City exceed the amount in escrow, the City all ave the right to certify the unpaid balance to the subject property pursuant to inn. Stat. §§415.01 and 366.01 . CIT : TY OF O ` O By: �ts: ►� ��e� � Mternal Use Onty; G Original to Fin�ce UepartEr�etit G Copy to S#reet Flie Packet Last Updated: January 2015 Page 22