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Home My WebLink About2014-00214 - escrow fee � � CITY OF ORONO I*�I�II�� 1 4 - � a z 1 4 * 2750 KELLEY I'ARKWAY DATE ISSUED: 03/17/2014 ORONO, MN 55356- (952) 249-4600 FAX: (952) 249-4616 ADDRESS : 2345 GLENDALE COVE L/1 PIN : 34-118-23-33-0067 LEGAL DESC : GLENDALE COVE : LOT 008 BLOCK 001 PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT N01�G: "I'IED TO E�UILDING PERMIT 2014-0012�3 APPLICANT ESCROW FEE - BUILDING �,500.00 TOTAL 2,500.00 ADVANCED HOME EXTERIORS INC Payment(s) 1161 WAYZATA BLVD E#167 CHECK 10254 �,500.00 WAYZATA, MN 55391- OWNER ADVANCED HOME EXTERIORS INC 1 161 WAYZATA BLVD E #167 WAY7_ATA, MN 55391- AGREEMENT AND SWORIV STATEMEIYT l hc work tbr��'hich[his permit is issued shall be pertbrnted�ccording fo [he approved plans and specitica[ions,applicable City appro��als,and the State Building Code This permit is tbr only Ihe work described and does not grant permission for additional or related work��hich requires separatc permits AII provisiuns of laws Tnd ordinances governing this type of work shall be compicd widi��hether or not specitied herein.This permit will expire and become null and void if construction authorized is no[ commenced within 180 days of the date of issuance,or if construction is suspended for�i period of 180 dt�ys at any time after�cork has commenced- llie applicant is responsible for assurin�all required inspections are requcsted in cunformance with the State Buildine Code.'I'his permit ma��be revoked�t anv time tiir due cause. , � _-_:��/ _ i /� �'��`�� i � � � �� / / npp icant Perniitee Signaturc Date Issued B S gnature Date r . BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit#2014-00124 AGREEMENT made this�day of /2�.�-c ,� , 20J�, by and between the CITY OF ORONO, a Minnesota municipal corporation (" ity") /�,�.,�,�c�,--, �.a«.-,� �w ,— _ ("Owners"). Recitals 1. A building permit application has been filed for a new principal structure located at 2345 Glendale Cove Lane the ("Subject Property"), legally described as Lot 8, Block 1, Glendale Crove, Hennepin County Minnesota. 2. Owners request the City to review this application. 3. The City will commence its review of the application and incur costs associated with said review oniy if the Owner establishes 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$2,500 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, in excess of $500, or legal consultant review) or wil� incur in reviewing the plan. Eligible expenses shall be consistent with expenses the Owners would be responsible for under a building permit application. The escrow will also guarantee reimbursement to the City for all out-of-pocket costs the City has incurred to assure that the work is completed in accordance with the Stormwater Pollution Prevention Plan and the provisions of Orono City Code Chapter 79. The financial security may also be used by the City to eliminate any hazardous conditions associated with the work and to repair any damage to public property or infrastructure that is caused by the work (including planning, engineering, or legal consultant review) associated with building permit #2014-00124 if compliance with the approved building permit is not accomplished. 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 issue a Stop Work Order 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. CIOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to the Owners when the review has been completed and written notification is received from the Owners requesting the funds. 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. 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