HomeMy WebLinkAbout2015-00267 - escrow fee � -- • CITY OF ORONO * z 0 1 5 - 0 0 z 6 7 *
2750 KELLEY PARKWAY DATE ISSUED: 03/04/2015
ORONO,MN 55356-
952 249-4600 FAX: 952 249-4616
ADDRESS : 195 KINTYRE LA
PIN : 32-118-23-43-0015
LEGAL DESC : KINTYRE TWO
: LOT 1 BLOCK 1
PERMIT TYPE : ESCROW FEE-APPLICANT
PROPERTY TYPE : RESIDENTIAL
CONSTRUCTION TYPE : ESCROW FEE-APPLICANT
NOTE: THIS$7500 ESCROW IS TIED TO BUILDING PERMIT 2014-00771 FOR A TEMPORARY CERTIFICATE OF OCCUPANCY
APPLICANT ESCROW FEE-APPLICANT 7,500.00
ESCROW FEE-DEVELOPER 0.00
GONYEA HOMES TOTAL 7,500.00
6102 OLSON MEMORIAL HIGHWAY payment(s)
GOLDEN VALLEY,MN 55427- CHECK 15243 7,500.00
(612)741-9069
Minnesota State License#:BUIL-2459
OWNER
Gonyea Homes
6120 GOLDEN VALLEY ROAD
GOLDEN VALLEY,MN 55427-
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 the work described and dces
not grant permission for additional or related work which requires sepazate
permits. All provisions of Iaws and ordinances governing this type of work
shall be compied with whether or not specified herein.This permit will
expire and become nuli and void if construction authorized is not
commenced within 180 days of the date of issuance,or if construction is
suspended for a period of 180 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
TEMPORARY CERTIFICATE OF OCCUPANCY
ESCROW AGREEMENT
Orono Building Permit#2014-00771
AGREEMENT made this�day of , 2015, by and between the CITY OF
ORONO, a Minnesota municipal corporation ("City')a Gonyea Homes ("Owners").
Recitals
1. Construction of the new residence located at 195 Kintyre Lane, the("Subject Propert�'),
legally described as Lot 1, Block 1, Kintyre Two in Orono, Hennepin County Minnesota,
is the subject of building permit application number#2014-00771 has been completed.
2. Winter conditions currently prohibit completion of exterior improvements, final grading,
and vegetation establishment. An as-built survey cannot be accurately conducted at this
time.
3. Owners request the City issue a temporary certificate of occupancy ("TCO°) to the
Owners so that the Owners may occupy the new residence.
4. The City will issue a TCO only if the Owners establish an escrow to ensure completion of
exterior improvements, continuation of erosion control and submittal of an as-built survey
to the City.
NOW THEREFORE,THE PARTIES AGREE AS FOLLOWS:
1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow
Agreement, the Owners shall deposit�10,000 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 assure completion of any
exterior improvements, final grading, establishment of vegetation as well as 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 consultant review)
associated with building permit #2014-00771 if compliance with the approved building permit is not
accomplished.
3. MONTHLY BII.LING. As the City receives consultant bills for incurred costs, the City will
in tum 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. CI�OSING ESCROW. The Balance on deposit in the escrow, if any, shall be retumed 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.
155441
6. CERTIFY UNPAID CHARGES. If the project is abandoned by Owners, or if the eligible
s�ipenses 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.
7. ACCESS TO SUBJECT PROPERTY. The Owners hereby grant to the City, its agents,
employees, o�cers and contractors, the right to enter upon the subject property for the specific purpose
of inspecting and completing any exterior improvements, final gr ding, establishment of vegetation and
the restoration of the subject property should the Owners not co lete the work by the specified dates.
CITY: CITY OF ORONO OW R
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