HomeMy WebLinkAbout2015-00995 - escrow fee e • CITY OF ORONO * z 0 1 5 - 0 0 9 9 5 *
2750 KELLEY PARKWAY DATE ISSUED: 08/04/2015
ORONO, MN 55356-
952 249-4600 FAX: 952 249-4616
ADDRESS : 1410 CHERRY PL
PIN : 08-117-23-33-0081
LEGAL DESC : CRYSTAL BAY VIEW
: LOT 000 BLOCK 004
PERMIT TYPE : ESCROW FEE-APPLICANT
PROPERTY TYPE : RESIDENTIAL
CONSTRUCTION TYPE : ESCROW FEE-APPLICANT
NOTE: THIS$7500 ESCROW IS TIED TO BUILDING PERMIT 2014-01 l08 FOR A TEMP CERTIFICATE OF OCCUPANCY
APPLICANT ESCROW FEE-APPLICANT 7,500.00
TOTAL 7,500.00
TORGERSON, KEVIN&TERESA Payment(s)
1410 CHERRY PL CHECK 6127 7,500.00
MOLTND,MN 55364-
OWNER
TORGERSON,KEVIN&TERESA
1410 CHERRY PL
MOLJND,MN 55364-
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 sepazate
permits. All provisions of laws and ordinances governing this rype 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 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
� , .
TEMPORARY CERTIFICATE OF OCCUPANCY
ESCROW AGREEMENT
Orono Building Permit#2014-01108
AGREEMENT made this�day of , 20�, by and between the CITY OF
ORONO,a Minnesota municipal corporation ("City') d Kevin&Teresa Torgerson ("Owners").
Recitals
1. Construction of the new residence located at 1410 Cherry Place the("Subject Property"),
legally described as Lots 2 and 3,Block 4,Crystal Bay View in Orono, Hennepin County
Minnesota, is the subject of building permit application number 2014-01108 has been
completed.
2. Winter conditions currently prohibit completion of exterior improvements,final grading,and
vegetation establishment. An as-built survey cannot be accurately conducted at this time.
3. Owners request the City issue a temporary certificate of occupancy("TCO")to the Owners
so that the Owners may occupy the new residence.
4. The City will issue a TCO only if the Owners establish an escrow to ensure completion of
exterior improvements, confinuation of erosion control and submittal of an as-built survey
to the City.
NOW THEREFORE,THE PARTIES AGREE AS FOLLOWS:
1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow
Agreement,the Owners shall deposit$10,�0 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 assure completion of any
e�cterior improvements, final grading, establishment of vegetation as weli as guarantee reimbursement to
the City for al!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. Eligibie 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 atso be used by the City to eliminate any hazardous conditions
associated with the work and to repair any damage to public property or inftastructure that is caused by the
work (including planning, engineering, or legal consuftant review) associated with building permit
#201401108 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 tum send a biU to the Owners. Ovmers 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 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 retum the funds. Owner may also request the
release of the funds,and such funds shall be released upon City Staff receiving the appropriate verifica#ion
that all requirements of the project have been successfully completed.
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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.
7. ACCESS TO SUBJECT PROPERTY. The Owners hereby grant to the City, its agents,
employees, officers and contractors, the right to enter upon the subject property for the specific purpose of
inspecting and completing any exterior improvements, final grading, establishment of vegetation and the
restoration of the subject property should the Owners not complete the work by the specified dates.
CITY: C1TY OF ORONO OWNERS:
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By: ��� l�)i�� �D,�.Q'1----� �
�ts: ( `��� ec.,�
lMemal U�Only: �Original to Fir�nce Department O Copy to Street File
155441