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HomeMy WebLinkAbout2014-01082 - escrow fee CITY OF ORONO * 2 0 1 4 — PJ 1 0 8 2 * .� 2750 KELLEY PARKWAY DAT� �sSUE�: 09/23/2014 � ORONO, MN 55356- (952) 249-4600 FAX: (952) 249-4616 ADDRESS : 1 165 FERNDALE RD W P[N : 02-117-23-43-0026 LEGAL DESC : NORTH SHORE COTTAGE ACRES LAKE : LOT 000 BLOCK 000 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RES[DENTIAL CONSTRUCTION TYPE : ESCROW FEE -APPLICANT NO"I'l�` ESCROW"I'IF.D"I'O"T.ONING nPPLICATION 14-3693 ANPLICANT ESCROW FEE -APPLICANT 2,500.00 TOTAL 2,500.00 BROOK, ROE3ER"I' Payment(s) 1 165 FERNDALE RD W CHGCK 15399 2,500.00 WAYZATA, MN 55391- OWNER BROOK, ROBERT 1165 FEKNDALE RD W WAYZATA, MN 55391- AGREEMENT AND SWORN STATEMENT l�he work fbr which this permit is issued shall be perlormed according to the approved plans and specilications,applicable City approvals,and the Statc Building Code. This permit is for only thc work described and docs not grant permission tor additional or related work which requires separate permits. All provisions of la���s and ordinances governing this type of work shall be compied with whcther or not specitied hcrein."I�his pemiit«ill expire and become null and void if construction authorized is not commenced within 180 days of tl�e dafe of issuance,or if construction is suspended for a period of 180 days at any time afrer work has commenced. The applicant is responsible Yor assuring all required inspections are requested in conformance wiU�the State 13uildin2 Code.This pemiit may be revoked at any time for due cause. / / Applicant Permitee Signature Date Issued 13��Signature Date � � LAND USE APPLICATION ESCRq W AG�F,EMENT Application #�_- � (O 7 'S AGREEMENT made this�day of . 'l't'L�L,�i20� "I , by and between the CITY OF ORONO; a Minnesota municipal corporation ("City") nd Robert P. Brook [a corporation—optionalJ ("Owners"). Recitals 1. Owners have filed Zoning Application# l ` - ���i !� formally requesting the City to review plans for a zoning variance located at the property addressed: 1165 Ferndale Road West, Orono, MN 55391 _ (the"Subject Property") legally described as ��/Gf•�c�( li�� 1�2� 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 $ 2,50o 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 ali out-of-pocket costs the City has incurred (including planning, engineering, or legal consultant review) or will incur in meeting with the,Qwners, reviewing,the plans, and preparing agenda packet material for City Council review of application # ( '�( - �. Eligible expenses shall be consistent with expenses the Owners would be responsible for under a land use application. 3. MONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will in turn send a biil 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 outlined in #3 above, shall cease all reviews 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. 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 eligibie 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. CIT : ITY OF O ONO OWN B :�✓���iv�' Y y: its: � ��'��`�-- Its: Owne Internal Use Only: O Original to Finance Department �Copy to Zoning File ` Copy to Street File Packet Last Updated: March 2014 Page 10 of 27