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Home My WebLink About2016-01152 - escrow fee • , CITY OF ORONO * 2 0 1 6 - 0 1 1 5 2 * 2750 KELLEY PARKWAY DATE ISSUED: 09/20/2016 ORONO, MN 55356- (952) 249-4600 FAX: (952) 249-4616 ADDRESS : 1920 FAGERNESS POINT RD PIN : 17-117-23-23-0031 LEGAL DESC : FAGERNESS : LOT 027 BLOCK 000 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL COIVSTRUCTION TYPE : ESCROW FEE-APPLICANT N01'E: TH[S$2500 ESCROW IS TIEDT O ZONING APPLICATION 16-3866 APPLICANT ESCROW FEE-APPLICANT 2,500.00 TOTAL 2,500.00 DAUM,GEORGE Payment(s) 1920 FAGERNESS PT RD CHECK 2079 2,500.00 WAYZATA, MN 55391- OWNER DAUM, GEORGE 1920 FAGERNESS PT RD WAYZATA, MN 55391- 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 Ihe work described and does not grant permission for additional or related work which requires separate permits. All provisions of laws and ordinances governing this type of work shall be compied with whether or not specified 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 iY construction is suspended for a period of l80 days at any time after 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 time for due cause. / / Applicant Permitee Signature Date Issued By Signature Date LAND USE APP�ICATION ESCROW AGREEMENT Application# /�o -_��(P (� AGREEMENT made this � 9 day of , 20�, by and between the ClTY OF ORONO, a Minnesota municipal corporation ("City") and [a corporation-optionalJ {"Owners")_ Recitals 1. Owners have filed Zoning Application# / - ��formally requesting the City to review plans for a 1� � C¢� - located at the property addressed: � S (the "Subject Property") legally described as 5 2. Owners request the City to review said plans which requires City approval and may require consulting legal andlor engineering review. 3. The City is willing to commence its review of the application and incur costs associated with said review only if the Owne�s establish an escrow to ensure reimbursement to the City of its costs. NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS: 1. DEPOSIT OF ESCROW FUND5. Contemporaneousiy with the execution of this Escrow Agreement, the Owners shall deposit$�D .°O with the City. Ali 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 incuRed (including planning, engineering, or iegal 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� - _i�'�. Eligible expenses shall be consistent with expenses the Owners would be responsible for under a land use application. 3. MIONTHLY 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 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 all requiremertts related to the project are complete. City Staff shall review the terms of this escrow agreement two times per year to determine whether the requirements of the project have been successfully completed and whether it is appropriate to return the funds. Owner may also request the release of the funds, and such funds shall be released upon City Staff receiving the appropriate verificati�n that all requirements of the project have been successfully 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: CtTY OF ORONO OWNERS: gy:...�vJ� Y��'�4 Y1�J sy: �ts: ��`I�1� t��Yl-� �ts: 1�lemat I1se On�y: C Origi�at b Finance Depar�ent 0 Copy Eo 2oning F7e �Copy to Street F�te Variance Application-May 2016 Page 6