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Home My WebLink About2011-00008 - escrow fee . r �„ CITY OF ORONO PERMTT NO.: 20�1-0000s 2750 KELLEY PARKWAY ORONO,MN 55356- DATE ISSUED: Ol/05/2011 952 249-4600 FAX: 952 249-4616 ADDRESS : 4415 NORTH SHORE DR PIN : 07-117-23-43-0017 LEGAL DESC : SAGA HILL REVISED : LOT 000 BLOCK 018 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 BUILDING PERMIT#2010-01195-CHRIS&DARLA TWOMEY APPLICANT ESCROW FEE-BUILDING 2,500.00 TWOMEY,DAREA&CHRIS TOTAL 2,500.00 150 2ND STREET NE MINNEAPOLIS,MN 55413- OWNER TWOMEY,DAREA&CHRIS 150 2ND STREET NE MINNEAPOLIS,MN 55413- AGREEMENT AND SWORN STATEMENT The work for which this permit 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 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 I 80 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 i SEPARATE PERMITS REQUIRED FOR WORK OTHER THAN DESCRIBED ABOVE. � �` BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit#2010-01195 AGREEME(dT made this�day of �� , 201°, by and between the CITY OF OROIdO, a Minnesota municipal corporation ("City")and C�n,�:, � o �� 7�rv+^-� ("Owners"). Recitals 1. A building permit application has been filed for a new residence located at 4415 North Shore Drive,the("Subject Propert�'), legally described as attached as"Exhibit A°. 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 FOLLOW3: 1. DEPOSIT OF ESCROW FUWDS. 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 aompleted in accordance with the Stormwater Pollution Prevention Plan and the provisions of Orono C'rty Code Chapter 79. The financial security may also be used by the City to eliminate any hazardous conditions associated writh 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 #2010-01195 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. 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. The Balance on deposit in the escrow, if any, shall be retumed 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 expenses incurred by the City exceed the amount in escrow, the City shall have the right to certify the unpaid balance to the subject pr rty pursuant to Minn. Stat. §§415.01 and 366.012. CITY: CITY F OWNER: � .�— By: — ; l�o l ��,.�....-� its: c �", � , ._._ __- _ �_� � _, _ ,� ,e,�� ,m�� -��.- —��- _ _ �