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HomeMy WebLinkAbout2012-00043 - escrow fee ,, CITY OF ORONO PERMIT NO.: 2012-00043 � 2750 KELLEY PARKWAY ORONO, MN 55356- DATE ISSUED: OU18/2012 952 249-4600 FAX: 952 249-4616 ADDRESS : 1 165 FERNDALE RD W PIN : 02-117-23-43-0026 LEGAL DESC : NORTH SHORE COTTAGE ACRES LAKE : LOT 000 BC.00K 000 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL COIVSTRUCTION TYPE : ESCROW FEE-APPLICANT NOT�: 1'HIS$2�00 ESCROW IS TIED TO ZON[NG PERMIT APPLICATION#12-3544 AND PAID FOR BY CHARLES CUDD DENOVO APPLICANT ESCROW FEE-APPLICANT 2,500.00 BOWMAN, BRADLEY& MARY TOTAL 2,500.00 1 165 FERNDALE RD W WAYZATA, MN 55391 OWNER BOWMAN, BRADLEY& MARY 1 165 FERNDALE RD W WAYZATA, MN 5539] AGREEMENT AND SWORN STATEMENT The work for which this permit is issued shall be performed according to the approved plans and specifications,applicable City approvals,and the S[ate E3uilding 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 this type of work shall be compied with H�hether or not specified herein.This permit will expire and become null and void if construction authorized is not commenced widiin 180 days of the date of issuance,or if construction is suspended for a period of 180 days at any time aRer 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 t�me for due cause. / / / / Applicant Permitee Signature Date Issued By Signature Date SEPARATE PERMITS REQUIRED FOR WORK OTHER THAN DESCRIBED ABOVE. ' r APPLICATION ESCROW AGREEMEN'T./ Zoning Appiication #�d� - 355� AGREEMENT made this / � day of , 20�,/I by and between the CITY OF ORONO, a Minnesota municipal corporation ("Cit�'1 and �11'�c C=L�dG� Q1�LG� �.� ,�a wrna� a � [a corporation—optionalj ("Applicant"). Recitals 1. Applicant has filed Zoning Ap lication#_/� - 35�� formally requesting the City to review plans for //lo — �ti�" /�(� IocatEd at the"Subject Property") as more fully shown and described on Exhibit"A"attached hereto. 2. Applicant requests the City to review said plans which requires City approval including 3. The City is willing to commence its review of the application and incur costs associated with said review only if the Applicant 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 Applicant shall deposit $ 25�� 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, or legal consultant review) or will incur in meeting with the Applicant, reviewin the plans, and preparing agenda packet material for City Council review of application #� - 5 Eligible expenses shall be consistent with expenses the Applicant would be responsible for under a oning and subdivision application. 3. MONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will in turn send a bill to the Applicant. Applicant shall be responsible for payment to the City within 30 days of the ApplicanYs receipt of bill. 4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Applicant 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 Applicant to reimburse the City for eligible expenses the City has incurred. The City shall notify the Applicant 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 originaf escrow amount the Applicant shall deposit additional sums as directed by the City, or the City shall discontinue all review. 5. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to the Applicant when the review has been completed. 6. CERTIFY UNPAID CHARGES. If the project is abandoned by Applicant, 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 t}��subject property pursuant to Minn. Stat. §§415.01 and 366.012. �s� ) i r ��'.--- CITY: CITY'OF OR . APPLI NT I R: '��� gy. "/ ;' By: its: � , its: - 10-