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HomeMy WebLinkAbout2015-00461 - escrow fee � , . �, CITY OF ORONO * 2 0 1 5 - 0 0 4 6 1 * 2750 KELLEY PARKWAY DATE ISSUED: 04/22/2015 ORONO,MN 55356- 952 249-4600 FAX: 952 249-4616 ADDRESS : 10 MYRTLEWOOD RD PIN : 36-118-23-33-0009 LEGAL DESC : MYRTLEWOOD : LOT 001 BLOCK 001 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-APPLICANT NOTE: THIS$2500 ESCROW IS TIED TO ZONING PERMIT 15-3735 APPLICANT ESCROW FEE-APPLICANT 2,500.00 ESCROW FEE-DEVELOPER 0.00 FREELAND,BRYAN TOTAL 2,500.00 10 MYRTLEWOOD RD Payment(s) WAYZATA,MN 55391- CHECK 936 2,500.00 OWNER FREELAND,BRYAN 10 MYRTLEWOOD RD WAYZATA,MN 55391- AGREEMENT AND SWORN STATEMENT The work for which this permit is issued shall be perfortned according to the approved plans and specifications,applicable Ciry 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 separate permits. All provisions of laws and ordinances goveming 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 confortnance with the State Building Code.This permit may be revoked at any time for due cause. / / Applicant Permitee Signature Date Issued By Signature Date T • , ., LAND USE APP�ICATION ESCROW AGREEMENT Application# /.5 __ 3 735 AGREEMENT made this 21 day of_Aprit , 20 I 5 . by and between ihe CI7Y OF ORONO,a Minnesota municipal corporation('City")and�BRYAN K &RYNFI.I.FRFFf A1��D {a corporation—opfionalJ("pyvners'). Recitals 1• Owners have filed Zoning Applicatian#� - �7� formaUy requesting the City ta review plans for a bcated at the property addressed: 10 Mvrtl .w�od Rd (the`Subject Property')Iegally descnbed as Mvrtlewood Lot OOi $lock 001 2• O�me�s request the City+ to review said plans wh�ch requ'ues City approval and may require consuRing legal and/or engineering review. 3. The City is willing to commence ifs review of the application and'mcur cas#s associated with said review nn�Y i�the Owt►ers establish an escrow to ensure reimbursement to the City of its costs. NOW THEREFORE,THE PARTIES AGREE AS FOLIOWS: ' 1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with tfie execution of this Escrow Agreement,the Owners shall deposik$_2,500.00 with the C�y. A11 accrued iMerest,if any,shall be paid to the City to reimburse the City for its cos!in administe�ing the escrow accouM. 2. PURPOSE OF ESCROW. The purpose of the escrow is ta guarantee reimbursemerrt to the City for all out-of-pocket costs the City has incuned(including planning,engineering,or legal consultant review)or will incur in meeting with the Owners, reviewi� the plans, and preparing agenda packet material far City Councit review of application# �•S 3 7 3� , Eiigible expenses shall be consisteM with expenses the Owners would be responsibls for under a land use appEication. 3. MONTHLY BiLI.ING. As the City receives consultaM bilts for incuRed costs,the Ciry will in tum send a bill to the Owners. Owners shaU be responsible for payment to the City within 30 days of the Owners' receipt of bifl. 4. DISBURSEMENT FROM ESCROW ACCOUNT. In the event that the Owners do not make paymeni to the City within the timeframe outlined in #3 above, shall cease atl reviews until the Owners pay all expenses invoiced pursuant to#3. The City may draw from the escrow account without funher approval of the Owners to reimburse the City for eligible expenses the City has incuRed. 5. CIOSING ESCROW. The Salance on deposiE in the escrow, if any, shall be retumed to the Owners when aA 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 ttiave been succe$$fu��y c�mpleted and whether it is appropr�ate to retum the funds. Owner may also requesf the relsase of the funds, and such funds shall be released upon City Statf receiving ihe appropriate ve'r�"ication that all requirements of the projeci have been successfu!!y completed. 6. CERTIFY UNPAID CHARGES. If the project is abandoned by(?wners,or if the eGgible expenses incurred by the City exceed the amount in escraw,the City shatl have the rigM to ce�tify the unpaid bala�ce to the subject property pursuant to Minn.Stat.§§415.01 and 366.012. CITY: CITY OF OR�NO OWNERS: By: lr . gY;� Its: r (�� ��: owners (ntemai Use On ��:,�x,�d OH fnal to Finance h►` . 9 Deparfinent :'`°..��D Copy to Zoning File .';,.x:` O Copy�Stroet Fil� pedcet Last Up�ted' January 2015 Paqe 10