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Home My WebLink About2014-01054 - escrow fee f � CITY OF ORONO * z a 1 4 — 0 1 0 5 4 * 2750 KCLLEY PARKWAY uATE ►SsuFn: 09/17/2014 ORONO, MN 5_5356- (952) 249-4600 FAX: (952) 249-4616 ADDRESS : 2630 FOX ST P[N : 04-117-23-42-0009 LEGAL DESC : REG. LAND SURVEY NO. 1249 : LOT 000 BLOCK 000 PGRMIT TYPE : ESCROW FEE- APPLICANT� PROP�RTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEF. - APPLICANT NO�I'E: ]1115 $2�00[:SCRO��' IS"TIGD TO Sl lI3D[V1S10N Id-3(92 APPLICANT ESCROW FEE- APPLICANT 2,500.00 ESCROW FEE- DEVELOPER 0.00 SARENPA, ANTHONY R NICOLE 2630 FOX ST TOTAL 2,500.00 WAYZATA, MN 55391- Payment(s) CHECK 2155 2,500.00 OWNER SARENPA, ANTHONY&NICOLE 2630 FOX ST WAYZATA, MN 55391- AGREEMENT AND SWORN STATEMENT I�he wurk fur��hich this permit is issued shall be perfonned accor�ine to the approvcd pl�ns and specitications,applicable City approvals,and the State F3uildin�Code. This permit is for only the��ork des�ribed and does not grant permission t�x additional or related work which requires separate permits. All provisions of laws and ordinances govcrning diis type of work shall be compied�vith��he[her or not specified herein.This permit will espire�nd become null and void if construction authorized is not commenced wid�in 180 days of die date of issuance,or if construc[ion is suspended for a period of 180 days at any time after work has contmenced. The applican[is responsible for�ssurin�all required inspections arc requested in conformance with the State 13uilding Code."I�his permit may be revoked at any time for due cause. / / A��licant Pcrmitce Signature Date Issued B�'Si�nature I)ate f '"� . LAND USE APPLICATION ESCROW AGREEMENT Application# ��'-�3�2 Z AGREEMENT made this �� day of S P,�n/1�P/, 20 1�' , by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") and �-hcn� � N�cc� SQrt,y11�-� [a corporation–optiona/J ("Owners"). Recitals 1. Owners have filed Land Use Application # �`��aL-formally requesting the City to review plans for the property addressed: 2(�27) +-ZL�3c� i-G^� Sh�tk,l� (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 $ 2�OC� 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 Land Use Application # l`��'�lC�{Z. . 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 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 requirements 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 verification 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: CITY OF ORONO OWNERS:— ';-G�`1,�'�� '�'� � . By: By: �ts: ��1V1�d �i�S�V� �ts: Internal Use Only: �Original to Finance Department �Copy to Zoning File G Copy to Street File