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Home My WebLink About2015-01480 - escrow fee . , , CITY OF ORONO * z 0 1 5 - 0 1 4 8 0 * 2750 KELLEY PARKWAY DATE ISSUED: 1U19/2015 ORONO, MN 55356- 952 249-4600 FAX: 952 249-4616 ADDRESS : 3926 CHERRY AVE PIN : 08-117-23-33-0019 LEGAL DESC : CRYSTAL BAY VIEW : LOT 000 BLOCK 004 PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT NOTE: THIS$7500 ESCROW IS TIED TO BUILDING PERMIT-2014-01447 APPLICANT ESCROW FEE- BUILDING 7,500.00 TOTAL 7,500.00 STONEWOOD, LLC Payment(s) 153 E LAKE STREET CHECK 13806 7,500.00 WAYZATA, MN 55391- (612)462-4000 Minnesota State License#: BUIL-BC594315 OWNER WASHUTA, KENNETH 3926 CHERRY AVE MOUND, MN 55364- AGREEMENT AND SWORN STATEMENT The work for which this pemtit is issued shall be performed according to the approved plans and specifications,applicable City approvals,and the S[ate Building Code. This permit is for only the work described and does not grant permission for additional or related work which requires separate permi[s. All provisions of laws and ordinances governing[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 construction is suspended for a period of l80 days at any time afrer work has commenced. The applicant is responsible for assuring all required inspections are requested in conformance wi[h[he State Building Code.This permit may be revoked at any time for due cause. / / Applicant Permitee Signature Date Issued By Signature Date i STONEWOOD LLC /►ssociated sank,NA 13806 45 S 7th Street,Ste 2900 153 Lake Street E nninneapolis,MN 55402 Wayzata, MN 55391 7s-57175s (612)462-4000 11 -Iq�- l� PAY TO THE F - � ORDER OF ��`/ o� Of c+� O I � ��/�4+ � �A�L6rv�t F)VK_ }�u�� /l DOLLARS L MEMO � 1 Z (o C?�-1s�`y ��I _..._.._...._. . ... .._ ..-�---._._.. ._.___.------_.__ . . ,._....._.... . ._....,..._._M' � AUTHORIZED SIGNATURE ��' �' TEMPORARY CERTIFICATE OF OCCUPANCY E3CROW AGREEMENT Orono Building Permft#201401447 AGREEMENT made this�day of��J. , 20,.j�, by and between the CITY OF ORONO,a Minnesota municipal corporation ("Cit�')and Kenneth 8 Nadirw Washuta("Owners'). RecNals 1. Construction of the new residence located at 3926 Cherry Avenue, the ("Subject Property'), legally described as Lot 12 and 13, Block 5, Crystal Bay View, Hennepfn County�1111nnesota,is the subject of building permit application number#2014-01447 has been completed. 2. Winter conditions currently prohibit completion of exterior improvements,final grading,and vegetation establishment. An as-built survey cannot be accurately conducted at this time. 3. Owners request the City issue a temporary certificate of occupancy("TCO")to the Owners so that the Owners may occupy the new residence. � 4. The City will issue a TCO only if the Owners establish an escrow to ensure compCetion of ' exterior improvements, continuation of erosion control and submittal of an as-built survey to the City. � v NOW THEREFORE,THE PARTIE8 AC�REE AS FOLLOWS: 1. DEPOSR OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow Agreement,the Owners shall deposit i10,000 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. PURP03E OF ESCROW. The purpose of the escrow is to assure completion of any exterior improvements, final grading, establishment of vegetation as well as guarantee reimbursement to the City for all out-of-pocket costs the City has incurred(including planning,engineering, in excesa 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 Pollut+on 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 inftastructure that is causec�by the work(including planning,engineering, or legal consuRant review) associated with bullding permlt#2014- 01447 if compliance with the approved building permit is not accompiished. 3. MONTFILY 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 ACC�UNT. 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. CLOSINCi 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 successfulfy completed and whether it is appropriate to retum the funds. Owner may also request the relsase 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. 155441 6. CERTIFY UNPAID CHARGE3. 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.5tat. §§415.01 and 366.012. 7. ACCESS TO 3UBJECT PROPERTY. The Owners hereby grant to the City, its agents, employees,officers and contractors,the right to enter upon the subject property f�r the specific purpose of inspecting and completing any exterior improvements, final grading, establishment of vegetation and the restoration of the subject property should the Owners not complete the work by the specified dates. CITY: CITY OF ORONO OWNERS: By:11't� «��l�s �ts: �-'l�l � C� �� 1 t5 Intemal Use Only: O Orl�lnal Eo Finance Departmant �Copy to Str�et Flle 15a441