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HomeMy WebLinkAbout2014-01386 - escrow fee CITY OF ORONO * 2 0 1 4 - 0 1 3 8 6 * � � 2750 KELLEY PARKWAY DATE ISSUED: 12/OV2014 ORONO, MN 55356- (952) 249-4600 FAX: (952) 249-4616 ADDRESS : ;235 GRAHAM HILL RD PIN : OS-117-23-14-0068 LEGAL DESC : GRAHAM HILL PRESERVE : LOT 4 BLOCK 1 PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDFNTIAL CONSTRUCTION TYPE : ESCROW FEE -TIED TO BUILDING PERMIT NOTE: THIS$2500 ESCROW IS TIED"I�O BUII.DING PERM1��201401206 APPWCANT ESCROW FEE- BUILDING 2,500.00 ESCROW FEE- EROSION CONTROL 0.00 KILL, BOB&COUIZTNEY ESCROW FEE-GRADING 0.00 3235 GRAHAM HILL RD LONG LAKE, MN 55356- TOTAL 2,500.00 Payment(s) CHF,CK 3859 2,500.00 OWNER KILL, BOB& COURTNEY 3235 GRAHAM HILL RD LONG LAKE, MN 55356- AGREEMENT AND SWORN STATEMENT l�he�vork ibr which this permit is issued shall be performed accordine to thc approved plans and specifications,applicable City approvals,and thc State L3uilding Code. This permit is for only Ihe work described and does not grant perniission for additional or related work which requires separate permits. All provisions of laws and ordinances governing this type of work shall be compied wiUi Ndicther or not specitied herein."I�his permit will espire and become null and void if eonstruction authorized is not commenced within 180 days oCthe date of issuancc,or it�construction is suspended tor a period of 180 days at any time atter work has commenced. The applicant is responsible for assuring all required inspections are requested in conformance with thc Statc F3uilding Code.This permit may bc revuked at any time for due cause. / / Applicant Pcrmitec Signature Date Issued [3y Signature Date � ,�, BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit#2014-01206 AGREEMENT made this Z-(1�day of Nr��„�e1v�v�<`" , 20 ��, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") Rob & Courtney Kill ("Owners"). Recitals 1. A building permit application has been filed for a covered porch and detached garage located at 3235 Graham Hill Road the ("Subject Property"), legally described as Lot 4, Block 1, Graham Hill Preserve, 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 only 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 will 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 consuttant review) associated with building permit #2014-01206 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. 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 �W�• � L �� �� ' � By: `'�\�� ' Its: � �� Internal Use Only: �Original to Plan�ing G Copy to Property Owner O Copy to Street File