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Home My WebLink About2015-00273 - escrow fee CITY OF ORONO * 2 0 1 5 - 0 0 2 7 3 * ' 2750 KELLEY PARKWAY DATE ISSUED: 03/06/2015 ORONO, MN 55356- (952 249-4600 FAX: (952) 249-4616 ADDRESS : 790 BROWN RD N PIN : 34-118-23-11-0003 LEGAL DESC : REG. LAND SURVEY NO. 1275 : LOT 000 BLOCK 000 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-APPLICANT NO'CE: ESCROW FOR NEW HOME PERMI"C#2015-00077-PD BY GONYEA HOMES CK#15288-$2,500.00 APPLICANT ESCROW FEE-APPLICANT 2,500.00 TOTAL 2,500.00 GONYEA HOMES Payment(s) 6102 OLSON MEMORIAL HIGHWAY CHECK 15288 2,500.00 GOLDEN VALLEY, MN 55427- (612)741-9069 Minnesota State License#: BUIL-2459 OWNER Gonyea Homes 6102 OLSON MEMORIAL HWY GOLDEN VALLEY, MN 55427- AGREEMENT AND SWORN STATEMENT The work for which this permit is issucd shall be performed according to [he 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 separate permits. All provisions of laws and ordinances goveming[his 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 c uction is suspended for a period of 180 da s at any time afte r has commenced. '�he applicant is responsible suring a uired inspections are `�� reques[ed in conforma the e Building Code.This permit may be revoked at any[ime f e c e. � i �0i �� Ap li n ermitee Signature Date Issued By Signature Date BUILDING PERMIT ESCROW AGREEMENT , p Orono Building Permit# 2L' ( S - (�UC��?� AGREEMENT made this � ` day of �l�� 20 �.5� by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") and �Q c�T.P�i �o�-�� ("Owners"). Recitals 1. A building permit ap lication has been filed for ��ei,�./ �o✓�� located at v'� � the ("Subject Prop�rty" , legail described as 2 L3 0. / Z�S Tra <'i_¢ �/v 2. Owners request the City to review this application which requires City approval 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#��7^j 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 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• C T OF O O OWNER: �,, By: Its: �.J' / s. lnternal Use Only: 0 Original to Finance Department 0 Copy to Street File Packet Last Updated: January 2015 Page 22 P 16YN'14�f'e'Fb'fr•<Kt]R�]9��)Y•Nl'tH'[sl�l�1�1�\�I�I�iU�!I�\I�h'1�V ltl A�19�1�'f 4�i�1'1��'E 7 ai\��1:1��.9 a a:Lltl:t Z�1 J�17Ia\I R. �� \\\\ i i � ; a-. .. .,;<,,. , �:� �� \\�\�\\�� \ %i% � �i z �\ �� j!' BRIDGEWATER BANK -' �� '' o\�� \\Z , \ \\� " "` , ,,,� ,�, �\;. \,� 1528$ � , �GQNYEA HOMES INC; � � �� ,, WWW.BRIDGEINATERBANKMN�COM �\,�� \ ��\ �\, ��\ �D , il�, ;%,"'61�2 OLSON MEMORIAL HIGH1/SfRY °\ �:`�\ ,,/�% \\�� \\\. .�`\ �� :��\` '�//% ii/ � �\ \�\�O `./%"ii i��,r>�' r� „%/ ��:' �\��\ �.:, �\..�� . � "�� !�` 'GOCDEN VALL�Y,"MN. 5�a422' �� \ �' 3/5/209 5 %% ,i/'/%';;', '%j j� i%�,i;�, �� \`\ \\��\\ \\ \\�\�\ �� /�%j \\ �� \O \ � \ i� PAY 70 7HE � %%r �� . \ \ \ � \ � �� /� /� �� \ \� \\ � \ �� jj ORDER OF !i/ ��O ��\\�� \� ��\\�' �rty Ofi brono $ "*2,500.00 Two Thousand Five Hundred and 00/100"`*"**"*'`''****"""*'"**"'`*'`*'""`****"*"*"`*****"**�*"**"*""``*'`*''**""`**'`*"***"`*"****** DOLLARS '�jj %j /i„n�� , o�oy �. \\\� \\ \\\\. \\\�\\\` I � �� O� �\� \\�Oe % �%,/;,% City Of C3rono ,\\ ,�� `�� \��\\�: ; �� ''�' PO Box 66 � i Crystal Bay, MN 55323 � '.. .�SENS�/ j� ��/��% �°j / i oi�� :.� � �. \�\\\ ,\ \\\\\\o. - r�P '^ " / i / // � / � ��\ ��\`�. \�\ \ \\� �MEMO /�i �� jj� \�� \\`\ .;� �,� \. �. / J/ i i% j � . \�.�� \ TURE . i % !'�g��,,, /i/� � II GONYEA HOMES INI 15288 City Of Orono 3/5/2015 Date Type R Discount Payment 3/5/2015 Bill 7', 2,500.00 '!' Check Amount 2,500.00 t. �. � � � � , Bridgewa#er Bank 830 790 2,500.00