HomeMy WebLinkAbout2015-00807 - escrow fee CITY OF ORONO * z p� 1 5 - 0 0 8 0 7 *
� � : ' 2750 KELLEY PARKWAY DATE ISSUED: 06/22/2015
• • ORONO,MN 55356-
• 952 249-4600 FAX: 952 249-4616
ADDRESS : 405 NORTH ARM DR
PIN : 06-117-23-32-0003
LEGAL DESC : UNPLATTED 06 117 23
: LOT 000 BLOCK 000
PERMIT TYPE : ESCROW FEE-APPLICANT
PROPERTY TYPE : RESIDENTIAL
CONSTRUCTION TYPE : ESCROW FEE-APPLICANT
NOTE: THIS$2500 ESCROW IS TIED TO DEMOLITION PERMIT-2015-00428
APPLICANT ESCROW FEE-APPLICANT 2,500.00 ,
TOTAL 2,500.00
NYEN COMPANIES LLC Payment(s)
3480 COUNTY RD 21 CHECK 4121 2,500.00
MAYER,MN 55360-
(952)955-2955
OWNER
Source Land Capital
18215 45TH AVE N, STE D
PLYMOUTH,MN 55446-
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 does
not grant permission for additional or related work which requires separate
permits. All provisions of laws and ordinances governing this type of work
shall be compied with whether or not specified herein.This permit wiil
expire and become null and void if construc[ion 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 aze
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
.
i , t
DEMOLITiON PERMIT� �
ESCROW AGR�EMENT
AGREEMENT made this�day of .Q��.�1 • 20�t,�, by and between fhe CITY QF ORONO, a
Minnesota munfcipaf corporation (°City") and�,�,�fr�,,� ("pwners").
Reci#als
1. An ap lication for � demoli#ion permit has been filed for '�C.i,��D U�eW ;y(a�ted at
���5 � �r'F"^ � ��� ("Subject Property") legally described as
2. In conjunction with the demolition, erosion control measures are requi�ed as sfiown on attached
Exhibif"B".
NOW,THEREOFRE, THE PARTIES AGREE AS FOi.LOWS:
1. DEPOSIT OF ESCROW FUNR8. Contemporaneously with the execution of this Escrow Agreement,
the Owners shail deposif$2.500 with the City. Ali 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
ali out-of-pocke#costs(incfuding pianning, engineering, or lega!consultant review)the City has incurred to assure that
the erosion control measures are insta(led and maintained so the property compliss with the provisions of Orono City
Code Chapter 79. The financia! security may aiso be used by the City to eliminate any hazardous conditions
associated wiih the work and to repair any damage to public property or infrastructure that is caused by the worlc. If
compliance with the approved Land Disturbance Permit is not accomplished within the allowable time period, the City
may bring the project in#o compliance by use of the security.
3. RIGHT OF ENTRY. The Owners hereby grant the City, its agents, employees, officers and
contractors the right io enter the property ta perform aq work and inspections deemed appropriate by the City in
conjunction wi#h the required erosion controi measures,including but not limited to constructing or completing any and
ap of the agr�ed upon improvements should the Owners' contractor not compleie those improvements by the date
specified hsrein.
3. MONTH�Y BiLLING. As the City receives consultant bills #or incurred costs, the Ciry will in ium
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. BtSBUR3EMENT FROM ESCROW ACCOUNT. In the event that the Owners do not make payment
to the City within the timeframe outlined in#3 above,sha!!issue a 5top Work Order uniil fhe Owners pay all expenses
invoiced pursuant to #3. The Ciry may draw from the escrow acxounf without further approvai of the Owners to
reimburse the City for sligib{e expenses the City has incurred.
5. CLOSING ESCROW. Any remaining amounf of the financial security deposited with the Clty for
faithtul perFormance of the plans and specifications and any related remedial work will be released after the
completion and inspection of all such measures and the establishment of final stabilizafion for the Subject Property.
City Staff shall �eview the terms o#fhis escrow agreement two times per year to determine wfiether the raquirements
of the project have been successfully completed and whether it is appropriate to return the funds. Owner may also
request fhe release of the funds, and such fiunds shall be released upon City Staff teceiving the appropriate
verification thaf at!requirements of the project have been succ�ssfully completed.
6. CERTtFY UNpAID CHARGES. if the projecf is abandoned by Owners, or if the eligibie expenses
incurred by the City exceed the amoun! in escrow, the City shall have the right to ceRify the unpaid balance to the
subject property pursuant to Minn. Stat.§§415.01 and 366.012.
CiTY: TY OF QAlO OW S:
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Form Last Updated: Januery 2015
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