HomeMy WebLinkAbout2016-00077 - This Escrow Will Be Refunded as of 08-29-16 CITY OF ORONO * 2 0 1 6 - 0 PJ 0 7 7 *
�, ''� 2750 KELLEY PARKWAY DATE ISSUED: OU2U2016
ORONO, MN 55356-
(952) 249-4600 FAX: (952) 249-4616
ADDRESS : 3800 CASCO AVE
PIN : 20-117-23-24-0019
LEGAL DESC : CASCO HEIGHTS
: LOT 000 BLOCK 003
PERMIT TYPE : ESCROW FEE-APPLICANT
PROPERTY TYPE : RESIDENTIAL
CONSTRUCTION TYPE : ESCROW FEE-APPLICANT
NOTE: THIS$2500 ESCROW IS TIED TO ZONING APPLICATION 16-3808
APPLICANT ESCROW FEE-APPLICANT 2,500.00
TOTAL 2,500.00
CHARLES CUDD LLC Payment(s)
15050 23RD AVENUE N CHECK 036143 2,500.00
PLYMOUTH, MN 55447-
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Minnesota State License#: BUIL-BC635245
OWNER
Casco Ventures LLC
16192 HIGHWAY 7
MINNETONKA, MN 55345-
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 scparate
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 I 80 days of the date of issuance,or if construction is
suspended for a period of I80 days at any time atter 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 [ssued By Signature Date
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LAND USE APPLICATION ESCROW AGREEMENT
Application# �� - 3 ���
AGREEMENT made this o O day ofi ��, ,20 /!P , by and between the CITY OF ORONO,
a Minnesota municipal corporation ("Ci#y") and / d/� L,!_L'
[a corporation—optionaQ ("Owners").
Recitals
1. Owners have filed Zoning Application#� � 3 S�D� formally requesting the City to
review plans for a � located at the property
addressed: :�a� C.��,c o - (the "Subject Propert�')
legally described as -'
2. Owners request the City to review said plans which requires City approval and may require
consulting tegal and/or engineering review.
3. The City is willing to commence its review of the applica#ion and incur costs associated with said
review only if the Owners establish 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$ o15-1>(� with the City. Alt 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, or legal consultant review) or will
incur in meeting with the Owners, reviewing the plans,and preparing agenda packet material for City Council review
of application #� - 3 �D �. Eligible expenses shall be consistent with expenses the Owners would
be responsible for under a iand use application.
3. MONTHLY BILLING. As the City receives consultant bills fior incurred costs, the City will in turn
send a bill fo the Owners. Owners shalt 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 cease all reviews unfil the Owners pay a41
expenses invoiced pursuant to #3. The Gity 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 Baiance 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 appropriafe verification that a!I requirements of the project have been
successfully completed.
6. CER7'IFY UNPAID CHARGES. If the project is abandoned by Owners, or if the eligible expenses
incurred by fhe City exceed the amount in escrow, the City shail have the right to certify the unpaid balance to the
subject property pursuant to Minn. Stat. §§415.01 and 366.012.
CITY: CtTY OF�RONO OWNERS:
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Internal.Use Only:-;. �Qriginal:to Finance pepartrnent 0 Copy to ZoningFile.; q Copy to Street,File
Variance Application—January 2016
Page 6