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HomeMy WebLinkAbout2015-00907 - escrow fee � , CITY OF ORONO * 2 0 1 5 - 0 0 9 0 7 * 2750 KELLEY PARKWAY DATE ISSUED: 07/20/2015 ORONO,MN 55356- 952 249-4600 FAX: 952 249-4616 ADDRESS : 3I683 NORTH SHORE DR PIN : 0!8-117-23-34-0053 LEGAL DESC ; : CRYSTAL BEACH i � : LOT 005 BLOCK 000 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TY E : ESCROW FEE-APPLICANT NOTE: THIS$2500 ESC OW IS TIED TO VARIANCE APPLICATION IS-3767 PLICANT ESCROW FEE-APPLICANT 2,500.00 TOTAL 2,500.00 RESSLER,JON Payment(s) 3683 NORTH SHORE CHECK 2033 2,500.00 WAYZATA,MN 55391 OWNER RESSLER,JON 3683 NORTH SHORE WAYZATA,MN 55391 AGREEMENT ' SWO STATEMENT The work for which this perm is issued sh l be performed according to the approved plans and specif� ations,appli able City approvals,and the State Building Code. This pe, it is for onl the work described and dces not grant permission for addit nal or relate work which requires separate permits. All provisions of la and ordinan es governing this type of work shall be compied with whethe or not speci ed herein.This permit will expire and become null and v 'd if construc ion authorized is not commenced within 180 days q the date of i suance,or if construction is suspended for a period of 180 ays at any ti e after work has commenced. The applicant is responsible f assuring all equired inspections are requested in conformance wi the State Bu�lding Code.This permit may be revoked at any time for due c se. ' I ' / / Applicant Permitee Signat re ' Date Issued By Signature Date i � � ' LAND USE APPLICATION ESCRO AGREEMENT Application#����- �� (�7 � �, `� AGR� MENT made this � day of�1� � , 201 , by and between the CITY OF ORONO, a Mi nesota municipal corporation ("City")and GY [a corporation optionaq ("Owners"). Recitals 1. Owners have filed Zoning Application#�� - J ��P� formally requesting the City to review plans f a - located at the roperty addressed: (the"Subject P operty") Iegally described as 2. Owners request the City to review said plans which requires City approval and may require consulting legal and/or engineering review. 3. The City is willing to commence its review of the application and incur costs associated with said review only if th Owners establish an escrow to ensure reimbursement to the City of its costs. NOW THEREF RE,THE PARTIES AGREE AS FOLLOWS: 1. DEPOSIT OF ESCRO�:�CX,NDS. Contemporaneously with the execution of this Escrow Agreement, the wners shall deposit $ ''� with the City. All accrued interest, if any, shall be paid to the City to reimburs the City for its cost in administering the escrow account. 2. URPOSE OF ESCROW. The purpose of the escrow is to guarantee reimbursement to the City for all out-of-po et costs the City has incurred (including planning, engineering, or legal consultant review) or will incur in meeting with t e wners, r viewin the plans, and preparing agenda packet material for City Council review of applic tion #�� - ���0� . Eligible expenses shall be consistent with expenses the Owners would be respo ible for u�der a land use application. 3. ONTHLY BILLING. As the City receives consultant bills for incurred costs, the City will in turn send a bill to th Owners. Owners shall be responsible for payment to the City within 30 days of the Owners' receipt of bill. 4. ISBURS�MENT FROM ESCROW ACCOUNT. In the event that the Owners do not make payment to the ity withir�, the timeframe outlined in #3 above, shall cease all reviews until the Owners pay all expenses invoic d pursuant to #3. The City may draw from the escrow account without further approval of the Owners to reimb' rse the C�ty for eligible expenses the City has incurred. 5. LOSING�ESCROW. The Balance on deposit in the escrow, if any, shall be returned to the Owners when all equirem�nts related to the project are complete. City Staff shall review the terms of this escrow agreement two t es per ear to determine whether the requirements of the project have been successfully completed and ether it i� appropriate to return the funds. Owner may also request the release of the funds, and such funds s all be rel�ased upon City Staff receiving the appropriate verification that all requirements of the project have bee successflully completed. 6. G RTIFY NPAID CHARGES. If the project is abandoned by Owners, or if the eligible expenses incurred by the Ci y exceed�the amount in escrow, the City shall have the right to certify the unpaid balance to the subject property rsuant tc� Minn. Stat. §§415.01 and 366.012. CITY: CITY OF ONQ �' OWNERS: B : By: Jo� R�cssle�-- �ts: �ts: , .� � : �. : _ . Packet Last Updated: anuary 2015 Page 10