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HomeMy WebLinkAbout2013-00986 - escrow fee . + CITY OF ORONO * Z 0 1 3 - 0 0 9 B 6 * 2750 KELLEY PARKWAY DATE ISSUED: 09/23/2013 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$10,000 ESCROW IS TIED TO ZONING PERMIT APPLICATION 13-3638-PD BY SOURCE LAND CAPITAL,LLC CHECK NO.#550'7 APPLICANT ESCROW FEE-APPLICANT 10,000.00 Lakeview Golf of MTKA, Inc. ESCROW FEE-DEVELOPER 0.00 855 RED OAK LA MOiJND,MN 55364- TOTAL 10,000.00 OWNER Lakeview Golf of MTKA,Inc. 855 RED OAK LA MOiJND,MN 55364- 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 sepazate permits. All provisions of laws and ordinances governing this type of work shall be compied with whether or not specified herein.This permit will expire and become null 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 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 SEPARATE PERMITS REQUIRED FOR WORK OTHER THAN DESCRIBED ABOVE. F . LAND USE APPLICATION ESCROW AGREEMENT Application# �.3-31Q�R� AGREEMENT made this�day of S , 2013, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") and �r'riti..f r,U�c�c.tC S�rr� ("Owners"). Recitals 1. Owners have filed Zoning Application # i3._,3103� formally requesting the City to review plans for land use a�alications pertaining to 405 North Arm Drive and adiacent qroqerties owned bv the Owners (the "Subject Property")as more fully shown and described on Exhibit"A"attached hereto. 2. Owners request the City to review said applications which require City review and/or approval including comprehensive olan amendment and subdivision/sketch �lan 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 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 guarantee reimbursement to the City for all out-of-pocket costs the City has incurred in reviewing the application including planning, engineering, or legal consultant review or will incur in meeting with the Owners, eviewing the plans, and preparing agenda packet material for City Council review of application # i 3` � . Eligible expenses shall be consistent with expenses the Owners would be responsible for under a land use and subdivision 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 the review has been 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 OWN . ry�� ' I ,. � / By:_ ���'��� �'�` By,,;� � � v �ts: �n��� � By: �ts: �� _,.�.�i��a,W:�, ,`�.�i#��1��1���p�� ;;:. �����ta►�������lB : ,: �`�at�►�o�r�ree�.�1e . � EXHIBIT "A" LEGAL DESCRIPTION G�f� � � � . ► 9/23/13 Hennepin CountyGiS-Printable Map �..,� int�ra��i�e Property ., ��� �� ' t������;�: . Map ���,.;; ., i, c� E ;��.�:�,..,s;:; �.�.� �di�'iOrKl,) �a�Ce�s � _ � � Obl�72 3 o0os _ � pb�172333�� .:,, - �� Q(oll'12534040 2 r: m, _ O 0711'12312000 I t'^1 r^�"1 :t I ��.ner� by �lle,¢„ I 2 •..i , �+i.,�:ra � : �, 3 _ __. _ _.. __ _. y • ,�;,, . . :�,, . :;.,; Parcel 06-117-23-32-0003 A-T-B: Torrens Map Scale: 1" = 800 ft, h! ID: Print Date:9/23/2013 -�Y"r` Owner Lakeview Golf Of Mtka Inc Market �1,201,000 F Name: Total: Parcel 405 North Arm Dr Tax $21,026.48 Address: Orono,MN 55364 'fotal: (Payable:2013) Property Golf Course Sale Type: PI'ice: This map is a compilation of data from various sources and is fumished"AS IS"with no Home- Non-Homestead Sale representation or warranty expressed or Stead: Date' implied,including fitness of any particular ' purpose, merchantabiliiy,or the accuracy and completeness of the information shown. Parcel 136.71 acres Sale Area: 5,955,264 sq ft Code: COPYRIGHT O HENNEPIN COUNTY 2013 � ._.._... ..___, g is.co.hennepin.mn.us/Property/prinUdefault.asp�C?C=449750.0574464483,4979487.71276776&L=5&T=road&D=true&LID=O&FID=0611723320003&VIS=0,0,0,0,0,0 1/2