HomeMy WebLinkAboutescrow refund • : • .
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To: Finance Department
From: Christine Mattson, Planning Assistant
CC: Street File /�� \'
Date: September 22, 2014
G/L: 101-22205
Re: Escrow Refund
Building Permit Application #2014-00809 pertaining to 2135 Colin Drive is complete. Please
refund $700 to the applicant, Ryan & Sarah Meier.
The following is attached:
• Original signed escrow agreement
• Copy of cash register receipt showing escrow amount received
Mail to: Ryan & Sarah Meier
2135 Colin Drive
Long Lake, MN 55356
w:\street files\colin dr�2135\escrow refund form 2014-00809.docx
BUILDING PERMIT ESCROW AGREEMENT
Orono Building Permit#2014-00809
AGREEMENT made this l�day of �Gr✓'� , 20� by and between the CITY OF ORONO,
a Minnesota municipal corporation ("City") Ryan &Sa h Meier("Owners").
Recitals
1. A building permit application has been filed for a 10' x 20' accessory structure located at
2135 Colin Drive the ("Subject Property"), legally described as Lot 1, Block 2, Kelley Green, 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 $700 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 #2014-00809 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 Ciry 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 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: TY OF O,RONO O R:
By. 1 \.
Its: 1 ,r1 Ri �
-—� �..� ___ _,._. _.,. �.__ __.� _--- --
Intemal Use„Only__.; � `'O Original to_Planning O Copy to.Property Owner` -� O Copy to_Street File
City of Orono
2750 Kelley Parkway
Orono MN 55356 952-249-4600
Receipt No: 3.011561 Aug 13, 2U14
Ryan Meier
Previous Balance: .00
Permits
2014-00896 2135 Colin Dr 700.00
101-2'2205
Deferred Rev-Developer Deposit
---------------
Total: 700.00
---------------
---------------
Check
Check No: 5050 700.00
Payo�:
Ryan Meier
Total Applied: 700.00
Change Tendered: .00
08/?3J2014 04:47PM