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HomeMy WebLinkAbout2010-00879 - escrow fee CITY OF O ONO PERMIT NO.: 2010-00879 2750 KELLEY PARKWAY ORONO,MN 55356- DATE ISSUED: 09/22/2010 952 249-4600 FAX: 952 249-4616 ADDRESS : 430 OLD CRYSTAL BAY RD N PIN : 33-118-23-13-0016 LEGAL DESC : CRYSTAL BAY BUSINESS CENTER : LOT 001 BLOCK 000 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : COMMERCIAL-BUSINESS CONSTRUCTION TYPE : ESCROW FEE-APPLICANT NOTE: THIS ESCROW PAYMENT OF$700.00 WAS PAID BY RYAN CO IES AND IS TIED TO ZONING FILE 10-3487 APPLICANT ESCR FEE-APPLICANT 700.00 RYAN COMPANIES US,INC. TOTAL 700.00 50 SOUTH 10TH.STREET SUITE MINNEAPOLIS, OWNER RYAN COMPANIES US,INC. 50 SOUTH 10TH. STREET SUITE MINNEAPOLIS, 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 at any time for due cause. Applicant Permitee Signature Date Issued By Signature Date SEPARATE PERMITS REQUIRED FOR WORK THER THAN DESCRIBED ABOVE. LAND USE APPLICATION ESCROW AGREEMENT Application# /011 - .3 $7 AGREEMENT made this A g day of T 20 A0 , by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") anfJ Ryan Companies US, Inc. [a corporation—optionaQ ("Owners"). Recitals 1. Owners have filed Zoning Application # /0 - 3`, 87 formally requesting the City to review plans for A Conditional Use Permit located at 2725 Wayzata Blvd.W/450 Old Crystal Bay Rd N/430 Old Crystal Bay Road N the"Subject Property") as more fully shown and described on Exhibit"A" attached hereto. 2. Owners request the City to review said plans which requires City approval including Issuing a Conditional Use Permit 3. The City is willing to commence its review of the application and incur costs associated with said review only if the Owners establish an escrow to ensure reimbursement to the City of its costs. NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS: 1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow Agreement, the Owners shall deposit$ 700.00 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, or legal consultant review) or will incur in meeting with the Owners, reviewingg the plans, and preparing agenda packet material for City Council review of application # �D - .3`7�S 1 Eligible expenses shall be consistent with expenses the Owners would be responsible for under a zoning and subdivision application. 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 cease all reviews 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 the review has been 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. CITE: C/ITY O ORONO OWNERS: By: ` By: 12yem Companies (IS, Tw. Its: X,0 VI-1By: Its: VP/c nkolle Internal Use Only: ' 0 Original to Finance Department 0 Copy to Zoning File" Copy to Street File i EXHIBIT"A" LEGAL DESCRIPTION Legal Description Crystal Bay Business Center Lot 1, Block 1; Lots 1 and 3, Block 2,all in Crystal Bay Business Center,according to the recorded plat thereof,and situate in Hennepin County, Minnesota.