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HomeMy WebLinkAbout2015-00501 - escrow fee � � CITY OF ORONO ` ` 2750 KELLEY PARKWAY * 2 0 1 5 - 0 0 5 0 1 * DATE ISSUED: 04/29/2015 ORONO,MN 55356- 952 249-4600 FAX: 952 249-4616 ADDRESS : 3640 JACOBS MILL RD PIN : 32-118-23-24-0010 LEGAL DESC : JACOBS MILL : LOT 004 BLOCK 001 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-APPLICANT NOTE: THIS$2500 ESCROW IS TIED TO LAND USE APPLICATON 2015-00480 APPLICANT ESCROW FEE-APPLICANT 2,500.00 ESCROW FEE-DEVELOPER 0.00 HOFFMAN,KEITH&MARY TOTAL 2,500.00 3640 JACOBS MILL RD Payment(s) LONG LAKE,MN 55356- CHECK 8495 2,500.00 � Lity ui urut�u �7`.�0 Kelley Par�kway Orur�u MN `�5356 55� �'4�a-46uii OWNER Receipt No: 3.013254 Apr 24, zUl� HOFFMAN,KEITH&MARY 3640 Jacobs Mi 11 Rd 3640 JACOBS MILL RD LONG LAKE,MN 55356- Previous Balanr,e: .00 Permits Zoning Permit 50.00 101-32520 Zoning Permit AGREEMENT AND SWORN STATEMENT Permits Escrow 2,500.00 The work for which this permit is issued shall be performed according to 101-22205 the approved plans and specifications,applicable City approvals,and the Deferred kev-Deve loper Deposi t State Building Code. This permit is for only the work described and dces Tota 1: 2.550.00 not grant permission for additional or related work which requires separate _______________ permits. All provisions of laws and ordinances goveming this type of work Check shall be compied with whether or not specified herein.This permit will CF�eck No: 8495 2,550.00 expire and become null and void if construction authorized is not Payor: wmmenced within 180 days of the date of issuance,or if construction is 364U JaCobs M i 11 Rd suspended for a period of 180 days at any time after work has commenced. T o ta 1 App 11 ed: 2.55U.00 The applicant is responsible for assuring all required inspections aze ,ye T��r�drr ed: .iiU requested in conformance with the State Building Code.This permit may be ---- revoked at any time for due cause. �� (3Y�'te.e� /a-9 / Applicant Permitee Signature Date Issued By Signature Date t ,� LAND USE APPLICATION ESCROW AGREEMENT Application# -00 AGREEMENT made this�day of � , 20 (� , by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") d_�_� [a corporation—optionaQ ("Owners"). Recitals 1. Owners have filed Land Use Application # formally requesting the City to review plans for the property addressed: (the "Subject Property") legally described as LOh q�r �,O � 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$ OD 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 # ?.19t5�004Z0 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: By: �i�► v�lYu� By, � Its: b ' �7�v' Its: in#ernat�se�flnly:` ��riginal to Finance Departm�a»t ��oAY#o'�or�ing file �;�c�py 3o Sireex:�ale Updated: January 2015