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Home My WebLink About2016-00012 - escrow fee CITY OF ORONO * z 0 1 6 - 0 0 0 1 z * 2750 KELLEY PARKWAY DATE ISSUED: OU05/2016 ORONO, MN 55356- (952) 249-4600 FAX: (952) 249-4616 ADDRESS : 3438 LYRIC AVE PIN : 17-117-23-43-0077 LEGAL DESC : NAVARRE HEIGHTS : LOT 023 BLOCK 005 PERMIT TYPE : ESCROW FEE-T[ED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT NOTE: ESCROW TIED TO BUILDING PERM[T#2015-01520&DEMO PERMIT#2014-01349-PAID BY:L.ANDSOURCE LLC-$2,500.00- CK#001293 APPLICANT ESCROW FEE-BUILDING 2,500.00 TOTAL 2,500.00 Landscource LLC Payment(s) 550 25TH AVE N CHECK 001293 2,500.00 ST CLOUD, MN 56303- OWNER Landscource LLC 550 25TH AVE N ST CLOUD, MN 56303- 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 rela[ed 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]80 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 a due cause. __ � �� , � � �l � _ , �_ . ,� � ,��s�� .____ �-� � I � �� l�� , ..- - -- , , Ap ' t Perm e Signature Date [ssued By Signature Date e'.�""'.�""�`.�.,�.`��. 001293 MINNWEST BANK 3130 2nd Street S-P.O.Boz 7429 Landsource, LLC se.cio�d,MN b8302 � 550 25th Ave N �s-teaa/ets Saint Cloud,MN 56303 / � � �� C. �,--o � as� �- ( tl �n "r�..ov�Sa� �l'C.._ �1.(�--X4t � G�Jl �ol !t� r � � ��I��' �yh c� �-e r�,� }- �S�►.u� Landsource,LLC/550 25t 3 City of Orono 2750 Kelley Parkway Orono MN 55356 952-249-4600 Receipt No: 3.014889 Jan 5, 2016 Landscource LLC Planning and Zoning 2016-00012 3438 Lyric Ave 2,500.00 101-22205 Deferred Rev-Developer Deposit Total: 2,500.00 Landsc --------------- --------------- Check 001293 L'heck No: 001293 2,500.00 Payor: Landscource LLC Total Applied: 2,500.00 --------------- Change Tendered: .00 --------------- 01/05/2016 02:13PM � n�i�ii�i�n i■u�u ----� BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit#2015-01520 and � Demolition Permit#2014-01349 � AGREEMENT made this s� day of ��`�-1 , 20�, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") and Landsource, LLC ("Owners"). Recitals 1. A building permit application has been filed for a new single family home located at 3438 Lyric Avenue the ("Subject Property"), legally described as Lot 23, Block 5, Navarre Heights, Hennepin County Minnesota. 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 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, 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 #2015-01520 and demolition permit #2014-01439 if compliance with the approved building permit is not accomplished. 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 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. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to the Owners when the review has been completed and written notification is received from the Owners requesting the funds. 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 OW R: By: ��Y�-� 1�� ._. its: �l � �� . w ., ,m,� ,.: .��:5 ..��;: . .. ..`. �r . �` .. ,� . ;f''�. .;:, '�� - . ,� ��.. ... . ��` . , , . . ,� ��