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Home My WebLink About2012-00800 - escrow fee CITY OF ORONO * 2 B 1 2 — P1 0 8 0 0 * c . '� 2750 KELLEY PARKWAY DATE ISSUED: 08/16/2012 ORONO, MN 55356- (952) 249-4600 FAX: (952) 249-4616 ADDRESS : ]095 FERNDALE RD W PIN : 02-117-23-43-0023 LEGAL DESC : NORTH SHORE COTTAGE ACRES LAKE : LOT 009 BLOCK 000 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-APPLICANT NOTG: THIS$2000.00 GSCROW IS TIED TO DEMOLITION PGRMIT#2012-00766-PAID WITH CHECK# 10754 APPLICANT ESCROW FEE-APPLICANT 2,000.00 FOX, B& K TOTAL 2,000.00 1095 FERNDALE RD W WAYZATA, MN 55391- OWNER FOX, B& K 1095 FERNDALE RD W WAYZATA, MN 55391- AGREEMENT AND SWORN STATEMEIVT 1'he work for which this permit is issued shall be perR�rmed according to the approved plans and specitications,applicable City approvals,and the State[3uilding Code. '('his permit is for only the work described and does not grant permission for additional or rclatcd work which requires separate permits. All provisions of laws and ordinances governing this type of work shall be compied with whe[her or not specified herein.This permit will expire and become null and void if construction authorized is not commenced within l80 days of the date of issuance,or if construction is suspended Yor a period of 180 days at any time after work has commenced. The applicant is responsible for assuring all required inspections are requested in conformance with the S[ate Building Code.This permit may be revoked at any time for due cause. / / / / Applicant Permitee Signature Date Issued By Signature Date SEPARATE PERMITS REQUIRED FOR WORK OTHER THAN DESCRIBED ABOVE. a � DEMOLITION PERMIT#2012-00766 ESCROW AGREEMENT AGREEMENT made this_�_day of I,L� , 20�, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") and K herine Fox Trust, Bill Fox Trustee ("Owners"). Recitals 1. An application for a demolition permit has been filed for one principal structure and two accessory structures located at 1095 Ferndale Road West ("Subject Property") legally described as A�I that part of Lot 9, North Shore Cottage Acres, Lake Minnetonka, lying Southeasterly of the Southeasterly lines of Registered Land Survey No.441 and Registered Land Survey No. 902, and lying Northwesterly of the Northwesterly line of Registered Land Survey No, 1372, Hennepin County, Minnesota „A� 2. In conjunction with the demolition, erosion control measures are required as shown on attached Exhibit NOW,THEREOFRE,THE PARTIES AGREE AS FOLLOWS: 1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow Agreement, the Owners shall deposit$2,000 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. PURPOSE OF ESCROW. The purpose of the escrow is to guarantee reimbursement to the City for all out-of-pocket costs (including planning, engineering, or legal consultant review) the City has incurred to assure that the erosion control measures are installed and maintained so the property complies with 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. If compliance with the approved Land Disturbance Permit is not accomplished within the aliowable time period, the City may bring the project into compliance by use of the security. 3. RIGHT OF ENTRY. The Owners hereby grant the City, its agents, employees, officers and contractors the right to enter the property to perform all work and inspections deemed appropriate by the City in conjunction with the required erosion control measures, including but not limited to constructing or completing any and all of the agreed upon improvements should the Owners' contractor not complete those improvements by the date specified herein. 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 outfined 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. Any remaining amount of the financial security deposited with the City for faithful pertormance of the plans and specifications and any related remedial work will be released after the completion and inspection of all such measures and the establishment of final stabilization for the Subject Property. 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 subj rop pursuant to Minn. Stat. §§415.01 and 366.012. � CITY OF��QLIlV9---' O, WNERS: , By. C--� � � �� --_ � �.��/ l��;� its: � -�� ' ,�- Internal Use Only: 0 Original to Finance Department �Copy to Street File