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HomeMy WebLinkAbout2016-00455 - escrow fee � ;, CITY OF ORONO * Z 0 1 6 — 0 0 4 S 5 * 2750 KELLEY PARKWAY DATE ISSUED: 04/29/2016 ORONO,MN 55356- (952) 249-4600 FAX: (952) 249-4616 ADDRESS : 3625 EILEEN ST PIN : OS-117-23-21-0024 LEGAL DESC : RIEDEL CO STUBBS BAY ADDN : LOT MB BLOCK MB PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT NOTE: TH[S$2500 ESCROW[S TIED TO BUILDING PERMIT 2016-00453 APPL[CANT ESCROW FEE-BUILDING 2,500.00 TOTAL 2,500.00 RYAN, BOB Payment(s) 3625 EILEEN ST CHECK 1348 2,500.00 MAPLE PLAIN, MN 55359- OWNER RYAN, BOB 3625 EILEEN ST MAPLE PLAIN, MN 55359- AGREEMENT AND SWORN STATEME1vT 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 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 afrer 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 Issued By Signature Date ` f`� BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit#o?L�l b"Q�Sl53 AGREEMENT made this��da of Yt ,20/�o, by and between the CITY OF ORONO, a Minnesota municipal corporation("City") ("Owners'). Recitals 1. A building permit ' appli ti rl has,�[ been filed, a � lo ed a J /tJ,/,the "Subject Propert�!'), Iegally described as � �� 5 /Et�c��f� a►� 2. Owners request the City to review this application. 3. The City will commence its review of the appiication 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. Atl accrued interest,if eny,shall be paid to the City to reimburse the City for iis 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, s�ineer►na. in excess of 5500, or legal consultant review) or will incur in reviewing the plan. Eligible expenses shall be consistent with expenses the Ovuners would be responsible for under a building permit application.The escrow will alsu guarantee reimbursement to the City for all out-of-pocket costs the City has incurred to assure that the work is compteted in accordance wfth the Stortnwater 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 woric and to repair any damage to public prOperty or iMrastructure that is caused by the w ric (in�I uding planning, engineering,or legal consuttant review)associated with building pertnR# .Z�/(o ' ��5� �{�pmpliance with the approved building permit is not accomplished. 3. MONTHLY BILLING. As the City receives consuftant bills for incurred costs,the Cfty will in turn send a bill to the Owmers. Owners shall be responsible for payment to the City within 30 days of the Owners'receipt of bill. 4. DISBUR3EMENT 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 Woric Order uniil the Owners pay all expenses invoiced pursuant to#3. The City may draw from the esaow account without further approval of the Owners to reimburse the City for eligible expenses the City has incuned. 5• CLOSING ESCROW. The Balance on deposit in the escrow,If any,shall be retumed 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 projed have been successfully completed and whether it is appropriate to retum the funds. Owner may also request the release of the funds,and such funds shall be released upon City Staff receiving the appropriate ver�cation 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: CITY OF ORONO OWNER: ...� ,__ % r� / By� � _ �' �f1.''�` C :/�`ayr�// Its: / 1 / %�' r /.:� l, �. Internal Use Only: �Orlginal to Planning G Copy to Propertybwner �� O Copy to Street File Last Updafed:January 207B /� j