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Home My WebLink About2015-00802 - escrow fee CITY OF ORONO * z 0 1 5 - 0 � s 0 2 * 2750 KELLEY PARKWAY DATE ISSUED: 06/19/2015 . ' ORONO, MN 55356- (952) 249-4600 FAX: (952) 249-4616 ADDRESS : 2450 COBBLESTONE CT PIN : 33-118-23-11-0082 LEGAL DESC : STONEBAY SIXTH ADDIT[ON : LOT 004 BLOCK 001 PERM[T TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILD[NG PERMIT NOTE: ESCROW FOR NEW TWIN TOWNHOMES(ONLY 1 ESCROW FOR 2 IINITS 2450[PERMIT#2015-00800]&2460 COBBLESTONE CT[PERMIT#2015-00798). PAID BY: WOODDALE BUILDERS-CK#83133 FOR$2,500.00 APPL[CANT ESCROW FEE- BUILDING 2,500.00 TOTAL 2,500.00 Wooddale Builders Payment(s) 6117 BLUE CIRCLE DR CHECK 83133 �,500.00 SUITE 101 MINNETONKA, MN 55343- OWNER r «� �rono 2750 Kelley Parkway Orono MN 5��56 952-245-4600 Wooddale Builders 61 17 BLUE CIRCLE DR Receipt No: 3.013658 Jun 19, 2015 SUITE 101 M[NNETONKA, MN 55343- Wooddale Builders Planning and Zoning �:015-00802 2450 d 2460 2,500.00 AGREEMENT AND SWORIv STATEMENT Cobblestane i;t for E;otfi Addresses The work for which this permit is issued shall be performed according to 1 U1-22205 the approved plans and specitications,applicable City approva►s,and the De ferY"�c� ReV-Developer Deposl t State Building Code. This permit is for only the work described and does � � not grant permission for addi[ional or related work which requires separate 1 otal: ______2_�00_00_ permits. All provisions of laws and ordinances governing this type of work (I iNrk shall be compied with whether or not specified herein.This permit will l:�ieCk N0: 831;i3 2,500.OU 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[ime for due cause. ' � r�� ,1 ��,Ei-� S� % � � l��-� .�, � �—� �Ir�lc�" � � � Applicant Permitee Signature Date Issued By Signature Date ----- __----------_--- - ------ -- --- - ' -------- �--- - -- _- -----._--------------- ---------- --------- i CENTRAL BANK 83133 �i 6640 SHADY OAK ROAD i :=:��r �, . EDEN PRAIRlE,MN 55344 ; �� 6117 Blue Circle Drive,Suite 101 75-511I919 � WOODDALE Minnetonka,MN 55343 � 6 � � � o E ^ S (g52)345-0543-(952)345-0544 v a � � a Pay. ***************************Two thousand five hundred dollars and no cents � DA'fE CHECK NO. AMOUNT June 19, 2015 83133 $******2, 500 . 00 � PAY C TOTHE City of Orono ORDER PO $OX 6 6 oF Crystal Bay, MN 55323-0066 yp�p,qFTER 120 DAYS f i i � � � � �, BUILDING PERMIT ESCROW AGREEMENT , Orono Building Permit# 2c�1 5—c�C� 8C� � z (� ( s — �`��p • •AGREEMENT made this �gn� day of "�'�,�i� , 20�, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") and (g,-f� ;�,�� '- ;u 1yxr� , ("Owners"). Recitals 1. A building permit application has been filed for ��fl�i r" (3�1ka25 located at � `�` � • '— � the ("Subject Property"), legally described as �T � - r^,,� ,hc �- �� Sc�,� �_.Ph-i � vm �t��h� 2. Owners request the City to review this application which requires City approva� 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, 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# 20i5-(�� if compliance with the approved building permit is not accomplished. 20►5 -c�o�q� 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 approvat 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. CERTtFY 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 s�property pursuant to Minn. Stat. §§415.01 and 366.012. ; ; �- CITY: CITx F� ONO OWNER: ! ' "� __._ J �- -- BY: �;�—�►. ) CA�i. � Its: �' �..Q.,.'1.��---- Internal Use Oniy: G Original to Finance Department Copy to Street Fi�e Packet Last Updated: January 2015 Page 22