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HomeMy WebLinkAbout2015-01403 - escrow fee CITY OF ORONO * z 0 1 5 - 0 1 4 P1 3 * 2750 KELLEY PARKWAY DATE ISSUED: 10/30/2015 � ' ORONO, MN 55356- (952 249-4600 FAX: 952) 249-4616 ADDRESS : 100 CREEK RIDGE PASS PIN : 03-117-23-12-0016 LEGAL DESC : CREEKSIDE IN ORONO : LOT 005 BLOCK 001 PERM[T TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERM[T NOTE: ESCROW TIED TO NEW HOME PERMIT#2015-01350-PAID BY:BARRY&KRIS PETERS-CK#9251-$2,500.00 APPLICAIVT ESCROW FEE-BUILDING 2,500.00 TOTAL 2,500.00 PETERS, BARRY& KRIS Payment(s) 19210 HACKAMORE ROAD CHECK 9251 2,500.00 CORCORAN,MN 55340- OWNER PETERS, BARRY&KRIS 19210 HACKAMORE ROAD CORCORAN, MN 55340- 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 goveming this type 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 after work has commenced. The applicant is responsible for assuring all required inspections aze requested in conformance with the State Building Code.This permit may be revoked at any time for due cause. � � - � c� � C �.L�t�� � � �_ , _ � ����i � ��- , � � � Applicant Permitee Signature Date Issued By Signature Date BARRY ETERS y�s�oe F.P EDEN p�RPATH TR.411 RA�R�E.MN 55347 9251 Pay to the � 3�5 897256 o�T4f �� Qro 1`71s O ate k � � _� � � ,SeO. � � �nesota �kNA. wN'sfar9a.com _ . � O��d(S � 37;��:: a � . ����.o� � For �� � .°.,r„ BUILDING PERMIT ESCROW AGREEMENT • Orono Building Permit#2015-01350 AGREEMENT made this��day of � , 20��, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") and Barry & Kris Peters ("Owners"). Recitals 1. A building permit application has been filed for a new single family home located at 100 Creek Ridge Pass the ("Subject Property"), legally described as Lot 5, Block 1,Creekside in Orono, 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 $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#2015-01350 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 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: OF OR OWN R: By: � Its: ..a q,w -L.�.�__ ��!�����,,. inaf to Flaru�4n� G Copy to:P�ertY Clwner t3 Copy to Street Fite - , • CITY OF ORONO * Z 0 1 5 - 0 1 4 0 3 * 2750 KELLEY PARKWAY DATE ISSUED: 10/30/2015 ORONO, MN 55356- 952 249-4600 FAX: 952 249-4616 ADDRESS : 100 CREEK RIDGE PASS PIN : 03-117-23-12-0016 LEGAL DESC : CREEKSIDE IN ORONO : LOT 005 BLOCK 001 PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT NOTE: ESCROW TIED TO NEW HOME PERMIT#2015-01350-PAID BY:BARRY&KRIS PETERS-CK#9251-$2,500.00 APPLICANT ESCROW FEE-BUILDING 2,500.00 TOTAL 2,500.00 PETERS,BARRY&KRIS Payment(s) 19210 HACKAMORE ROAD CHECK 9251 2,500.00 CORCORAN,MN 55340- OWNER PETERS,BARRY&KRIS 19210 HACKAMORE ROAD CORCORAN,MN 55340- AGREEMENT AIVD 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 dces 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 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 ��r� requested in conformance with the State Building Code.This permit may be C,� revoked at any time for due cause. / � ��s���� /(� / �� ' � ( l�C� ��. C��L Applicant Permitee Signature Date Issued By Signat e Date . 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O: l�;N��iu� c�;CJ.u1.�j1�'ff �N C�'C��� VI� � c�i :c�U� .C� �-iLA,e- r{ �:� c� T;���,[�,C�:�if� �; � N. �_:, � �a'��� �i . . , • . • • � • emo To: Finance Department From: Christine Mattson, Planning Assistant /'` �� CC: Street File `f � � Date: June 22, 2016 G/L: 101-22205 Re: Escrow Refund Building Permit#2015-01350 pertaining to 100 Creek Ridge Pass is complete. Please refund $2,500 to the property owners, Barry& Kris Peters. The following is attached: • Original signed escrow agreement • Copy of cash register receipt showing escrow amount received Mail to: Barry Peters c/o Winslow Capital Management 80 S 8�'Street#4720 Minneapolis, MN 55402 w:�.street files\creek ridge pass\100\escrow refund 2015-01350.docx . . ✓ BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit#2015-01350 AGREEMENT made this��day of � , 20��, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City°) and Barry& Kris Peters ("Owners"). Recitals 1. A building permit application has been filed for a new single family home located at 100 Creek Ridge Pass the("Subject Property"), legally described as Lot 5, Block 1, Creekside in Orono, 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 $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#2015-01350 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 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: Y OF OR N OWN R: By: ` � Its: .•��.w -��-.-`_ �nternal Use Only: �Original to Planning G Copy to Property Qwner G Copy to Street File r $570 B��'��RS : EDEN��RIE�Mla�347 - } k ;;.� z �.� , r � , ;� .��,�. � � x�r � 9251 _ , � �Yto�t�e •� , � , ' � � T �S G;- ' 3i�5�p�g�gj�$. .w Order �IQ 4 � ' � : .�� � . e: � -�` .,;;;�� ,�����' � `�`—J ��'+� ..80. "� � �►' ��:�� t� ,�, �� �� -� : �ccm � �. �. �.�^� ollars . A s e�„�. �? a � �-J.:J n`.�.n;'6„ �2 . b� �Of ��� � �,..� "., �i�.�- .v 5y. ,i_. , - � ,�..: City of Orono 2750 Kelley Parkway Orono MN 55356 952-2qg_q600 Receipt No: 3.014565 Oct 30, 2p�5 Barry Peters Planning and Zoning 2015-014U3 100 Creek Ridge Pass 2.500.pp 101-22205 Deferred Rev-Develo�,er Deposit To ta 1: --------------- 2,500.U0 Check =_=__-__-_____ Check No: g25� Payor: 2,500.00 Barry Peters Total Applied: 2.5U0.00 Change Tendered: � `��-'-- .00 1�/30/2015 04:25PM =_�_-___-�_