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HomeMy WebLinkAbout2011-00687 - escrow fee CITY OF ORONO PERMIT NO.: 2011-00687 2750 KELLEY PARKWAY ORONO, MN 55356- DATE ISSUED: 07/20/2011 (952)249-4600 FAX: (952)249-4616 ADDRESS : 550 OLD CRYSTAL BAY RD N PIN : 33-118-23-13-0018 ' LEGAL DESC : CRYSTAL BAY BUSINESS CENTER : LOT 003 BLOCK 000 PERMIT TYPE : ESCROW FEE-APPLICANT PROPERTY TYPE : COMMERCIAL-BUSINESS CONSTRUCTION TYPE : ESCROW FEE-APPLICANT NOTE: THIS$5,000 ESCROW IS TIED TO ZONING PERMIT#11-3519-LAND USE APPLICATION APPLICANT ESCROW FEE-APPLICANT 5,000.00 Ryan Companies Us,Inc. TOTAL 5,000.00 RYAN COMPANIES US,INC. 50 10TH STS-UNIT#300 MINNEAPOLIS,MN 55403- OWNER Ryan Companies Us,Inc. RYAN COMPANIES US, INC. 50 10TH STS-UNIT#300 MINNEAPOLIS,MN 55403- 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 OTHER THAN DESCRIBED ABOVE. EXHIBIT "A" LEGAL DESCRIPTION jEE /�7�ifc hc�j �i'✓ec�' # 3519 y - LAND USE APPLICATION ESCROW AGREEMENT Application# iI - I Cl AGREEMENT made this 'to day of Lf , 20 // , by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") and -7E.c 4Auca L, Arkeh:45 PO . G.,„, [a corporation—optional] ("Owners"). Recitals 1. Owners hav filed Zoning Application# - 55/ei formally requesting the City to review plans for Le✓,ey- ASSOC-tee-aCee,/54.50-40601t- dccof4scnt ay.cz/;�C• pe c located at .ASO ©[qd C/^yy>4tL 80y ,e0cr O#"eyzc, 1 /%1r1‘J the"Subject Property")as more fully show(i and described on Exhibit"A"attached hereto. 2. Owners request the City to reyiew said plan�,which requires City approval,including -i/sc,1a-,-c7` 1/e,Ca 7'7 COMM 6k %/ �Z ldc lam► fry 4eto 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$ 5-rBa^c7 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 tile Owners, reviewing the plans, and preparing agenda packet material for City Council review of application # ( t `t . 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. CITY: CIT • - = :•., • ::N5:, ERz _ - ,frej,/ z-4-111097, By: ALvPik Its: .I 1)►�``teat..- By: Its: in_iiii se+D iy ,:'Ri- Original to FinanceDepardnent D Copy to Zoning File —0666. Stieet;File