HomeMy WebLinkAboutduplicate escrow refund Planning • Zoning
Department
Me o
To: Finance Department
From: Christine Mattson, Planning Assistant
CC: Street File
Date: January 12, 2015
G/L: 101-22205
Re: Escrow Refund
On December 11, 2014 we received a duplicate escrow fee for 3750 Northern Avenue,
Permit#2014-00551. Please refund $2,500 to Premier Title Insurance Agency, Inc.
Mail to: Premier Title Insurance Company
7300 Metro Boulevard#300
Edina, MN 55439-2302
wAstreet files\northern ave\3750\escrow refund form 2014-00551 for duplicate money received.docx
1 BUILDING PERMIT ESCROW AGREEMENT
Orono Building Permit#2014-00551
&Demolition Permit#2014-00548
AGREEMENT made this day of , 2014, by and between the CITY OF ORONO, a
Minnesota municipal corporation ("City") and ("Owners").
Recitals
1. A demolition permit application has been filed for the property at 3700 Northern Avenue
("Subject Property") which is currently described in Exhibit A attached, concurrently with a building permit
application for a new home to be constructed upon successful completion of a pending subdivision within the
Subject Property. The future address of the new home is anticipated to be assigned as 3750 Northern Avenue,
on a portion of the Subject Property anticipated to be legally described as Lot 1, Block 1, Northern Oaks,
Hennepin County, Minnesota.
2. Owners request the City to review the applications.
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 demolition and building permit applications. 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 #2014-00551 & demolition
permit#2014-00548 if compliance with the approved permits 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 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.
CITY: ITY OF ORONO OWNER:
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96-856
PREMIER TITLE INSURANCE AGENCY,INC. 13110 V4,qMmW
ESCROW ACCOUNT#2 ��-aaaao OR3154
7300 METRO SOUMARD,SUITE 300
EDINA,MN 65439-2302 Permit Fee rs
952-BA2.8�9
ars
—Five Thousand Sixty Nine and 25/100
•**5,089.25
November 19, 2014
•
s To THE
s ORDER
OF City of Orono
��,50t� �SerOv� o� �
FOR !PP q• 5
11109485611' 1:0 ? L000 2881: 003369 267011'
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CITY OF ORONO * 2014 - 01420 *
2750 KELLEY PARKWAY DATE ISSUED: 12/11/2014
ORONO,MN 55356-
(952)249-4600 FAX: 952 249-4616
ADDRESS : 3750 NORTHERN AVE
PIN : 17-117-23-34-9993
LEGAL DESC : REG. LAND SURVEY NO.0763
: LOT 1 BLOCK I
PERMIT TYPE : ESCROW FEE-APPLICANT
PROPERTY TYPE : RESIDENTIAL
CONSTRUCTION TYPE : ESCROW FEE-APPLICANT
NOTE: ESCROW FOR NEW HOME PERMIT#2014-00551-'PAID W/CK#94856
APPLICANT ESCROW FEE-APPLICANT 2,500.00
ATLAS HOMES INC Payment(s) TOTAL 2,500.00
14450 117TH AVE N CHECK 94856 2,500.00
DAYTON,MN 55369-
(763)691-9044
Minnesota State License#:BUIL-BC20269686
OWNER
Real Assets Il,LLC
550 25TH AVE N
ST CLOUD,MN 56303-
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
requested in conformance with the State Building Code.This permit may be
revoked atU
e for due cause.
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Applicant Permtte19fure Date Issued By Signature Date