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Home My WebLink About2016-00885 - escrow fee CITY OF ORONO * 2 0 1 6 - PJ 0 8 8 5 * 4 , , � 2750 KELLEY PARKWAY DATE ISSUED: 07/26/2016 ORONO,MN 55356- (952)249-4600 FAX: 952)249-4616 ADDRESS : 3470 NORTH SHORE DR PIN : 08-117-23-43-0012 LEGAL DESC : BALDUR PARK : LOT 001 BLOCK 003 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-APPLICANT NOTE: THIS$2500 ESCROW IS TIED TO DEMOLITION PERMIT 2016-00809 APPLICANT ESCROW FEE-APPLICANT 2,500.00 TOTAL 2,500.00 OLSEN,BENJAMIN&KELLY Payment(s) 3470 NORTH SHORE DR CHECK 6389 2,500.00 WAYZATA,MN 55391- OWNER OLSEN,BENJAMIN&KELLY 3470 NORTH SHORE DR WAYZATA,MN 55391- AGREEMENT AND SWORN STATEMENT The work for which this permit is issued shall be performed according to the approved plans and specifications,applicable Ciry approvals,and the State Building Code. 1'his 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 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 suthorized 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 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 ESCROW AGREEMENT DEMOLITION PERMIT#2016-00809 ' , AGREEMENT made this�day of� , 20�, by and between the CITY OF ORONO, a Minnesota municipal corporation("City")and Ben OI n("Owner�°). Rec I 7. An application for a demolition permit has been filed for the principal and accessory structure located at 3470 North Shore Drive 4"Subject Property") legally described as (rp�- Ct�1 , 1,3(oc i� Od 3 , (3c�..�C�J Y 1�a-Y'k 0.d ci✓� Hennepin County, Minnesota. 2. In conjunction with the demolition,erosion control measures are required as shown on attached Exhibit "A" NOW,THEREOFRE,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 irrterest, 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 (including ptanning, engineering, or legal consultant review) the City has incurred to assure that the erosion control measures are installed and maintained so the property complies with 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. If compliance with the approved Land Disturbance Permit is not accomplished within the allowable time period, the City may b�ng the project into compliance by use of the security. 3. RIGHT OF ENTRY. The Owners hereby grant the City, its agents, employees, officers and contractors the right to enter the property to perform all work and inspections deemed appropriate by the Ciry in conjunction with the required erosion control measures, including but not limited to constructing or completing any and all of the agreed upon improvements should the Owners'contractor not complete those improvements by the date specified herein. 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. Any remaining amount of the financial security deposited with the City for faithful performance of the plans and specifications and any related remedial work will be released afte�the completion and inspection of all such measures and the establishment of final stabilization for the Subject Property.City Staff shall review the terms of this escrow agreement two times per year to determine whether the requirements of the project have been successfully completed and whether it is appropriate to return the funds. Owner may also request the release of the funds,and such funds shall be released upon City Staff receiving the appropriate verification that al1 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. CITY• CITY O QRONO OW RS: gy; I� W��V ' � G� � n r' � �-�-, its: F� ��.use v�s. o o��m r��t �#�►��o sm�� y�o.� 150784