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HomeMy WebLinkAbout2014-00355 - escrow fee j � CITY OF ORONO * 2 0 1 4 - 0 0 3 5 5 * 2750 KELLEY PARKWAY DATE ISSUED: 04/23/2014 ORONO, MN 55356- (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 BLOCK 000 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-APPLICANT N07�t�:: 7'I[IS$2500 ESCROW IS"CIE�:D�1�0 ZONING PERM["I� 14-3668 APPLICANT ESCROW FEE-APPLICANT 2,500.00 ESCROW FEE- DEVELOPER 0.00 BOWMAN, BRADLEY& MARY 1 165 FERNDALE RD W TOTAL 2,500.00 WAYZATA, MN 55391- Payment(s) CHECK 113 2,500.00 OWNER BOWMAN, BRADLEY& MARY 1165 FERNDALE RD W WAYZATA, MN 55391- AGREEMENT AND SWORN STATEMENT 1"he work for which this permit is issued shall be perCormed according to the approved plans and specifications,applicable City approvals,and the State[3�iilding CoJc. "Chis permit is for only the work described and does not grant permission tbr additional or related��ork��hich requires separate permits, All provisions of laws and ordinances governing this type of work shall be compied with whether or not specitied 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 suspendcd for a period of 180 days at any time after work has commenced. The applicant is responsible for assuring all required inspections are requested in confonnance with the State Building Code.This permit may be revoked at any time for due cause. / / Applicant Pcrmitce Signature Date Issucd By Signaturc Datc LAND USE APPLICATION ESCROW AGREEMENT ' 4 Application #�- .:���� AGREEMENT made this 23 day of�r', , , 20 I�, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") and M(ai�l> �^wtVlQVI ��d��)i� [a corporation— optronalJ ("Owners"). Recitals 1. Owners have filed Zoning Application# ��I - 3�formally requesting the City to review plans for a located at the property addressed: � (l��i �Ctt1C{(1(� �sA i.'�/ (the "Subject Property") legally described as 2. Owners request the City to review said plans which requires City approval and may require consulting legal and/or engineering review. 3. The City is willing to commence its review of the application and incur costs associated with said review only if the Owners establish 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 $ �QC% with the City. All accrued interest, if any, shaii 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 Owners, reviewin�q the pfans, and preparing agenda packet material for City Council review of application # �`f' - �(t�(t?,�i . Eligible expenses shall be consistent with expenses the Owners would be responsible for under a land use appiication. 3. MONTHLY BILLING. As the City receives consultant bilis for incurred costs, the City wi�l 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 outiined in #3 above, shall cease all reviews until the Owners pay ali 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. The Balance on deposit in the escrow, if any, shall be returned to the Owners when the review has been 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: CJTY F ORONO OWNE � � , � p� -�,� � � ; ';;^ �; � �r�-�-r�l�f���—' B � ' V"� ��� ���. �Q By: � '�*' y: �ts: � I�ii�� � � f��� ���i�� ��� �ts: Internal Use Oniy: �Original to Finance Department O Copy to Zoning File � Copy to Street Fife Packet Lasf Updated: March 2014 - Page 10 of 27