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Home My WebLink About2011-00031 - escrow fee � ___ _ � ! CITY OF ORONO PERMIT NO.: 2011-00031 2750 KELLEY PARKWAY ORONO, MN 55356- �ATE IssuEn: OU13/2011 952 249-4600 FAX: 952 249-4616 ADDRESS : 3095 NORTH SHORE DR PIN : 09-117-23-32-0014 LEGAL DESC : REG. LAND SURVEY NO.0670 : LOT 000 BLOCK 000 PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT NOTE: THIS ESCROW PAYMENT OF$2500.00 IS TIED TO BUILDWG PERMIT#2011-00005 PAID WITH CHECK#7198 APPLICANT ESCROW FEE-BUILDING 2,500.00 SIME, MICHAEL&PAMELA TOTAL 2,500.00 1592 MEDINA RD LONG LAKE, MN 55356- OWNER SIME,MICHAEL&PAMELA 1592 MEDINA RD LONG LAKE,MN 55356- � AGREEMENT AND SWORN STATEMENT �: The wark Y'or which this permit is issued shall be performed according to the approved plans and specifications,applicable City approvals,and the � S[ate 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 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. � . BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit#2011-00005 AGREEMENT made this � Z day of� �� Z , 20�, by and between the CITY OF ORONO, a Minnesota municipal corporation (°City°) and�� ",`rn.L-' ("Owners"). Recitals 1. A buitding permit application has been filed for a new residence located at 3095 North Shore Drive, the ("Subject Property"), legally described as: that part of Tract A, RLS No. 670, Hennepin County, Minnesota, lying southwesterly of the following described line: Commencing at a point in the northwesterly line of said Tract A, distant 150 feet northeasterly from the most westerly corner thereof; thence southeasterly parallel with the southwesterly line thereof to the shoreline of Lake Minnetonka. 2. Owner requests 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 #2011-00005 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. DfSBURSEMENT 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 exp ses incurred by the City exceed the amount in escrow, the City shall have the right to certify the un aid balan t the subject�epe�y pursuant to Minn. Stat. §§ 415.01 and 366.012. ( � CITY:�'C�IT�'��F OR N�-� OWNER: ;1 ev� � ��1�� G`� �� ts: - 3a�..��'��- �to!�f"zi�'l� �1i✓5�.��C/ �,��, .��'�z Internal Use Only: (]Original to Finance Department O Copy to Street File