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HomeMy WebLinkAbout2015-00066 - escrow fee CITY OF ORONO * Z 0 1 5 - 0 0 0 6 6 * - • . 2750 KELLEY PARKWAY DATE ISSUED: OU2U2015 � ORONO, MN 55356- (952) 249-4600 FAX: (952) 249-4616 ADnRESS : 1340 FOX ST PIN : 02-117-23-31-0019 LEGAL DESC : MINNETONKA BLUFFS : LOT 000 BLOCK 014 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-APPLICANT NOTE: TIiIS$2500 ESCROW IS TIED TO ZONING PERMIT 15-3717 APPLICANT ESCROW FEE-APPLICANT 2,500.00 ESCROW FEE-DEVELOPER 0.00 CHAMBERLAIN CAPITAL 11578 CAHMBERLAIN COURT TOTAL 2,500.00 EDEN PRAIRIE, MN 55344-6 Payment(s) CHECK 866 2,500.00 OWNER CHAMBERLAIN CAPITAL 11578 CAHMBERLAIN COURT EDEN PRAIRIE, MN 55344-6 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 State Building 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 whether or not specified herein.This permit will expirc and become null and void if construction authorized is not commenced within 180 days of the date of issuance,or if construction is suspended for a period of I80 days at any time afrer work has commenced. The applicant is responsible for assuring all required inspections aze requested in conformance with the State Building Code.This permi[may be revoked at any time for due cause. / / Applicant Permitee Signature Date Issued By Signature Date ♦ . � LAND USE APPLI��ON ESC O�A�EEMENT Application# AGREEMENT made this�day of `.IG�l���P�� , 20/J , by and between the CITY OF ORONO, a Minnesota municipal corporation (°City")� /�izY�^be/�lr��� CPn�rf�L L.LG [a corporation–optionalJ ("Owners"). Recitals 1. Owners have filed Zoning Application# �� - �� I 7 formally requesting the City to review plans for a % ,� ,,�/ �-- jt—� � , ' located at the property addressed: f3 y0 � �j�� (the"Subject Property") le�9 ally described as [.�r�' / /� / � �� � �.�� , � 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$o��✓.1�ado 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 Owners, reviewing the plans, and preparing agenda packet material for City Council review of application #J� - 3� � 7 . 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 bilis 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 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 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 OR O OWNERS:�hum,�r2�'�a�n �2���4� ��-� BY� By: ��fJ���� C �Cc,�cC 5' �GI?;�✓C� Its: �``"_' v�'I.0 l� Its: �Qra�'��'' --� I�ternal Use On1y: O Clriginal#o Finance Department �Copy to Zoning File �Copy to Street File Pac,'cet Last Updated: March 2014 Page?0 of 27