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Home My WebLink About2017-00016 - escrow fee CITY OF ORONO � 0 1 7 - 0 0 0 1 6 * 2750 KELLEY PARKWAY DATE ISSUED: OU10/2017 ORONO, MN 55356- � (952) 249-4600 FAX: (952) 249-4616 ADDRESS : 725 LAKEVIEW PKWY PIN : 06-117-23-34-0008 LEGAL DESC : LAKEVIEW OF ORONO : LOT 20 BLOCK 1 PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT NOTE: ESCROW FOR NEW HOME PERMIT#2017-010014-PA[D BY:SWANSON HOMES,CK#37785,$2,500.0�. NTRACTOR WAS INFORMED THAT THE ESCROW MONEY WOULD BE REFUNDED BACK TO THE HOMEOWNER. INITIAL: ` APPLICANT ESCROW FEE-BUILDING 2,500.00 TOTAL 2,500.00 SWANSON HOMES Payment(s) 1360 HAMEL ROAD CHECK 37785 2,500.00 MEDINA,MN 55340- (763)478-0320 Minnesota State License#: BUIL-627982 OWNER RUSIN,GRANT&AMANDA 15508 60TH AVE N PLYMOUTH,MN 55446- AGREEMENT AND SWORIv 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 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 are requested in conforma ce with the State Building Code.This permit may be revoked at a�tim or due cause. � i'' ; ��.� � � � `� � �� ` I �r� ��'� � �,. � I � : �-f�,�_ / , l � , l�) Applicant Permitee Signature ate Issued By Signature Date BUILDING PERMIT ESCROW AGREEMENT Orono Building Permlt# ,Q I 7 " ��j � AGREEMENT made this ��day of -�-��-�ti��`�20/�, by and between the CITY OF ORONO, a Minnesota municipal corporation("Cit�')(��r T �r- A�nn.t.c+t�z ("Owners"). Recitals �5`�� 1. A buildin permit application has been flled a �� Z� LA-�iv��i.+ ��-�-4�+�v�.,located at the ("Subject Propert�J'), legally described as Lv ,— Zv �l ��i L.a-�u a v � 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 Ciry 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, ens�lneerina, in excess of 5500, or legal consultant review) or will lncur in revlewing the plan. Eligible expenses shall be consistent with expenses the Owners would be responsibie for under a building peRnit applica�on.The escrow will a�sa guarantee refmbursement to the City for all out-of-pocket costs the City has incurred to assure that the work is compfeied 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 condftions associated with the work and to repair any damage to public property or infrastructure that is caused by the work.(including pianning, enginearing, or legaf consultant review)assocfated with building permit# �i:/�7-G�OL�I� if compliance with the approved • buifding permit is not accomplished. 3. MONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will in turn send a biil to the Owners. Owners shall be responsible for payment to the City within 30 days of the Owners'receipt of blll. 4. DISBURSEMENT FROM ESCROW ACCOUNT. in the event that the Owners do not make payment to the City within the timeframe outli�ed in#3 above, shall issue a Stop Work Order until the Owners pay all expenses involced 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 incuned. 5. CLOSING ESCROW. The Balance on deposit in the escrow,if any,shall be retumed to the Ovmers when all requirements related to the proJect are complete. City Staff shali review the terms af this escrow agreement two times per year to determine whether the requirements of tha project have been successtuAy completed a�d whether it is appropriate to return the funds. Owner may alsa request the release of the funds,and such funds shall be released upon City Staff receiving the appropriate verification that ali 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. 1 C : I OF OWN�{:; B . _ Its: �[1.� Intemal Use Only: O Orlglnal to Planning 0 Copy to Property Owner �Copy to Street File Lest Updated: January 2016 . .. . . .•• . :.•. 37785 � North Ame►ican Ba�ki Company 1360 Hainel Etoad Woodbur.Mt� S�� Medina,MN 55340 ' ' MOMes 75-a693-960 January 09, 2017 $2,500 nn � DA7a � f PaY Two Thousand Five Hundred &OOJ100 Doliars Ci ofi Orono City of OronParkway tY 2750 Ke11eY55356 952-249"4600 2750 Kelley Parkway Orono MN �a� �p, 2017 TOTHE Oron 56 Receipt No: 3•��7�90 ,��sF� �, ORDER OF JQ � , Swanson Homes t�,,��N � ' e � and tonin9 2,500.00 � , p]anning . � 2p17-00016 725 Lakeview PkwY 101-22205 _____- Deferred Rev-Developer Deposit____ ----�_500_oo_ ��5 Memo: 7251 Total: _--""" ' ; �heCk 2,500.00 City of Oro Check No: 3�785 Pay°r' 2,500.00 Swanson1Hed S ---------- Total APP ----- ,00 Change Tendered: _____________' p�/�p/2017 10:46AM 40%of consumers admit they guess about the amount of money they need to retire.