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Home My WebLink About2016-01344 - escrow fee CITY OF ORONO �' ! I Fill I'II l'11[11 * 20 1 6 - 0 1 344 * 2750 KELLEY PARKWAY DATE ISSUED: 10/20/2016 ORONO,MN 55356- 052) 249-4600 FAX: (952) 249-4616 ADDRESS : 500 OLD CRYSTAL BAY RD S PIN : T000184 LEGAL DESC : CRYSTAL pAY RETREAT : LOT 1 BLOCK 1 PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT NOTE: THIS$2500 ESCROW IS TIED TO BUILDING PERMIT 2016-001343 APPLICANT ESCROW FEE-BUILDING 2,500.00 TOTAL 2,500.00 NORTON HOMES Payment(s) 18215 45TH AVE N,STE D CHECK 14625 2,500.00 PLYMOUTH,MN 55446- (763)559-2991 Minnesota State License#:BUIL-BC639221 OWNER GEORGE FUNK&JUDY ROGOSHESKE 540 OLD CRYSTAL BAY RD S LONG LAKE,MN 55356- 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 governin this type of work shall be compied with whether or not specified herein.T is permit will expire and become null and void if construction authori is not commenced within 180 days of the date of issuance,or i construction is suspended for a period of 180 days at any time after wo has commenced. The applicant is responsible for assuring all required ins ctions are requested in conformance with the State Building Code. his permit may be revoked at any time for due cause. Applicant Permitee Signature Date Issued By Signature Date BUI DING PERMIT ESCROW AGREEMENT. Or no Building Permit# .07D/4=,-6/3 AGREEMENT made this -1;04 day of , , 20/L, by and between the CITY OF ORONO, a G' Minnesota municipal corporation (" ity") :nd ,tr% s ("Owners"). Recitals 1. A building permit a plication has been filed for Ai 01,014. 1- S located at pp O/d Cjys"Ad /30..y the ("Subject Property"), legally described as Laf / eloC.e 6 (i/rca_-t 2. Owners request the City to review this application which requires City approval and may require consultant legal and/or engineering review. 3. The City will commence s review of the application and incur costs associated with said review only if the Owner establishes an escrow to ensue reimbursement to the City of its costs. NOW THEREFORE,THE PARTIES AG-EE AS FOLLOWS: 1. DEPOSIT OF ESCROW FUNDS. Contemporaneously with the execution of this Escrow Agreement, the Owners shall deposit$2,500 with the ity. All accrued interest, if any, shall be paid to the City to reimburse the City for its cost in administering the escrow ac ount. 2. PURPOSE OF ESCRO . The purpose of the escrow is to guarantee reimbursement to the City for all out-of-pocket costs the City has incurred lincluding planning, engineering, in excess of$500, or legal consultant review) or will incur in reviewing the plan. Eligible -xpenses shall be consistent with expenses the Owners would be responsible for under a building permit application. T e escrow will also guarantee reimbursement to the City for all out-of-pocket costs the City has incurred to assure that he work is completed in accordance with the Stormwater Pollution Prevention Plan and the provisions of Orono City C••e Chapter 79. The financial security may also be used by the City to eliminate any hazardous conditions associated wit 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 #v?0/b-4'3 3 if compliance with the pproved 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 resp•nsible for payment to the City within 30 days of the Owners' receipt of bill. 4. DISBURSEMENT FROM SCROW ACCOUNT. In the event that the Owners do not make payment to the City within the timeframe outlined in #3 ab•ve, 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. T e Balance on deposit in the escrow, if any, shall be returned to the Owners when all requirements related to the prof ct are complete. City Staff shall review the terms of this escrow agreement two times per year to determine whether t e requirements of the project have been successfully completed and whether it is appropriate to return the funds. Own r may also request the release of the funds, and such funds shall be released upon City Staff receiving the appropriat 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: TY OF ORONO OWNER: By: Its: 1#7414 1/1-(7/ gh/401,, Internal lists Only: ?G Original to Finance Department D Copy*to Street file Packet Last Updated: August 2015 Page 23