HomeMy WebLinkAbout2014-01466 - escrow fee CITY OF ORONO * Z fd 1 4 — 0 1 4 6 6
.� 2750 KELLEY PARKWAY DATE ISSUED: 12/22/2014
R ORONO, MN 55356-
(952)249-4600 FAX: (952)249-4616
ADDRESS 4680 NORTH SHORE DR
PIN 07-117-23-32-0050
LEGAL DESC TONKAVIEW GARDENS
: LOT 000 BLOCK 000
PERMIT TYPE ESCROW FEE-TIED TO BUILDING PERMIT
PROPERTY TYPE RESIDENTIAL
CONSTRUCTION TYPE ESCROW FEE-TIED TO BUILDING PERMIT
NOTE: ESCROW TIED TO NEW HOME BUILDING PERMIT#2014-01358-PD CK#95526 BY PREMIER TITLE
APPLICANT ESCROW FEE-BUILDING 2,500.00
MIDWEST CUSTOM CONST. Payment(s) TOTAL 2,500.00
716 HWY 10 NW CHECK 95526 2,500.00
BLAINE,MN 55434-
(763)780-5000
Minnesota State License#:BUIL-683235
OWNER
Tonka Lake Properties LLC
3535 CTY RD 44
MINNETRISTA,MN 55364-
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 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
request onformance with the State Building Code.This permit may be
revoked t time for due cause.
Applicant Pe itee Signature Date f Issued By Signature Date
BUILDING PERMIT ESCROW AGREEMENT
� Orono BuildingP„e,�miti#2014-01358Iu��
Demolition Permit# `L� a y
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AGREEMENT made this day of . 6&12e 2014, by and between the CITY OF ORONO,
a Minnesota municipal corporation ("City")Tonka Lake Properties, LL ("Owners").
Recitals
1. A building permit application has been filed a new single family home located at 4680 North
Shore Drive the("Subject Property"), legally described as Part of Lots 79 and 80, Tonkaview Gardens, Hennepin
County, Minnesota, lying South of a line running West at right angles from a point in the East line of Lot 80 distant
203 feet North from the Southeast corner of said Lot 80.
2. Owners request 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, enaineedna, 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,
engine nng, or legal consultant review) associated with building permit #2014-01358 and demolition permit
f 451 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 tum
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.
S. CLOSING ESCROW. The Balance on deposit in the escrow, if any, shall be returned to the
Owners when all requirements related to the project are complete. 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 all 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.
CI TY OF O O OW E
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