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Home My WebLink About2010-00081 - escrow fee ' R CITY OF ORONO PERMIT NO.: 2010-00081 � 2750 KELLEY PARKWAY ORONO, MN 55356- �ATE �ssUEn: 02/12/2010 952 249-4600 FAX: 952 249-4616 ADDRESS : 515 FERNDALE RD N PIN : 36-118-23-14-0006 LEGAL DESC : UNPLATTED 36 1 18 23 : LOT 000 BLOCK 000 PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT NO"11:: I:SCROW TIED TO I3UILDING PERMIT 20�00862 PAID 2/12/10 CK 6825 APPLICANT ESCROW FEE- BUILDING 2,500.00 GRIFFIN, ROBERT& KIMBERLY TOTAL 2,500.00 125 CHEVY CHASE DR WAYZATA, MN 55391- OWNER GRIFFIN, ROBERT& K[MBERLY 125 CHEVY CHASE DR WAYZATA, MN 55391- AGREEMENT AND SWORN STATEMENT The work for which this permit is issucd shall be performed according to the approved plans and specifications,applicable City approvals,and the S[ate Buildin�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 specitied herein."Chis permit will expire and become null and void if construction authorized is not commeneed 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 res onsible for assuring all required inspections are requested in co nce with the State Building Code.This permit may be revoked at y ti e fo � ��/ �/ l / / Applicant Permitee ignature Date Issue y nature ate SEPARATE PERMITS REQUIRED FOR WORK OTHER THAN DESCRIBED ABOV . � BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit#2009-00861 AGREEMENT made this�_day of __ i'��u`'t , 2010, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") and Robert and Ki berly Griffin ("Owners"). Recitals 1. Building permit applications have been filed for a new principal structure located at 515 Ferndale Road North ("Subject Property"), see reverse for legal description. 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 Owner 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 Owner 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 �egal consultant review) associated with building permit #2009-00861 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 Owner. Owner shall be responsible for payment to the City within 30 days of the Owner's receipt of bill. 4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Owner does not make payment to the City within the timeframe outlined in #3 above, the City may draw from the escrow account without further approval of the Owner to reimburse the City for Eligible expenses the City has incurred. The City shall notify the Owner the Owner of such draw and the nature of the expense for which the reimbursement is being made. If the Escrow amount falls below 75% of the original escrow amount the Owner shall deposit additional sums as directed by the City, or the City shall discontinue review and post a Stop Work Order. 4. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to the Owner when the review has been completed and written notification is received from the Owner requesting the funds. 5. CERTIFY UNPAID CHARGES. If the project is abandoned by Owner, 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 OWNERS: ,. ' 1/ i ; �� `_-,�---� By: ��U�0� � � I ts: _ ��c�.� c�.� �c e��' t�vJ �f.. I � Internal Use Only: O Original to Finance Department ❑Copy to Street File ��' �'��, 2010 We own the property at 515 Ferndale Road North and are having a house built on that property by Denali Custom Homes, Inc. We understand that a temporary certificate of occupancy (TCO) for the new house will not be issued until the wetland delineation process has been completed. Further, if wetland buffers are required, the TCO will not be issued until a buffer improvement plan has been approved by the City, we have entered into an escrow agreement to guarantee establishment of the buffer, and we have signed the easement and covenant to protect the buffer. We will provide the legal description for the easement and protective covenant. The City will draft the documents. We also understand that a TCO will not be issued until we have signed a covenant to protect the rain garden. We will provide the legal description for the covenant. The City will draft the documents. --; ; � ��l - �`?�� ,�; . _ � ; �� ,,�.� Robert Grif�n �"�(' `� Kimberly' riffi \�;