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HomeMy WebLinkAbout2010-00476 - escrow fee . . . . CITY OF ORONO PERMIT NO.: 2oiaooa�6 2750 KELLEY PARKWAY ORONO,MN 55356- DATE ISSUEn: 06/14/2010 952 249-4600 FAX: 952 249-4616 ADDRESS : 1331 NORTH ARM DR PIN : 07-117-23-41-0081 LEGAL DESC : SAGA HILL REVISED : LOT 000 BLOCK 000 PERMIT TYPE : ESCROW FEE-OTHER PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-OTHER NOTE: TIED TO LAND ALTERATION PERMIT 2010-00428 APPLICANT ESCROW FEE-OTHER 2,000.00 PETERSON,JIM TOTAL 2,000.00 1331 NORTH ARM DR MOUND,MN 55364 OWNER PETERSON,JIM 1331 NORTH ARM DR MOUND,MN 55364 AGREEMENT AND SWORN STATEMENT The work for which this pertnit 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 pertnits. 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 conformance with the State Building Code.This permit may be revoked at any time for due cause. / / / / Appiicant Permitee Signature Date Issued By Signature Date SEPARATE PERMITS REQUIRED FOR WORK OTHER THAN DESCRIBED ABOVE. LAND ALTERATION PERMIT ESCROW AGREEMENT Orono Permit#2010-00428 AGREEMENT made this��' day of �v.r , 2010 , by and between the CITY OF ORONO, a Minnesata municipal corporatian ("City") and_ �.ch L Z.CS:i1(� (�Owners"). Recitals 1. A permit application has been filed for land alterations in order to correct a failed lake yard slope located at 1331 North Arm Drive the ("Subject Property"), legally deseribed as LQts 4 & 5, Block 7, Saga Hill Revised, Hennepin County Minnesota. 2. Qwner requests the City to reuiew this application. 3. The City will commence its review of the application and incur costs associated with said review only if the Ownzr 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,OQ0 with the City. All accrued interest, if any, shall be paid to the City to reimburse the City tor its cost in administering the escrow account. 2• PURPOSE OF ESGROW. The purpose of the escrow is to guarantee reimbursement to the City for all out-of-pQcket costs the City has incurred (including p(anning, engineering, in excess of $500, or legal consultant review) or u�rill incur in reviewing the plan. Eligible expenses shalf be consistent with expenses the Own�rs would be respansible for under a fand use permit application. The escrow will also guarantee reimbursement to the�ity for all out-of-pocket costs the City has incurred to assure that the wark is completed in accordance �nrith the Stormwater Pollution Rrevention Rlan and the provisions of Orono City Code Chapter 79. The firancial security may also be used by the City to eliminate any hazardous conditicans associated with the work and to repair any damage to publiG property or infrastrueture that is caused by the work (including planning, engin�ering, or legal consultant review) assaciated with land alteration permit#2010-0�428 if compliance with the apprQved building permit is not accomplished. 3. MONTHLY BILLING. As the City receives consuftant 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 ACCOWNT. In the event that the Owners do not make payment to the City within the timeframe outlined in#3 above, shall issue a 5top Work Order unUl the Owners pay alf expenses invoiced pursuant to #3. The City may draw from the escrow account without further approval of the Owners to reimburse the Gity for eligible ex�enses 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 Qwners requesting the funds. 6. CERTIFY UNRAID CHARGES. If the project is abandoned by Qwners, 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 pro erty pursuant to Minn. Stat. §§415.01 and 366.012. CITY: `CITY F NER: By: r �` } — ItS. r�Y.,�(YA,. �G-f� '