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Home My WebLink About2012-00717 - escrow fee CITY OF ORONO * z 0 1 2 - 0 0 7 1 7 * � � � 2750 KELLEY PARKWAY DATE ISSUED: 07/26/2012 ORONO, MN 55356- (952)249-4600 FAX: (952)249-4616 ADDRESS : 1376 PARK DR PIN : 07-117-23-41-0096 LEGAL DESC : SAGA HILL REVISED,HENNEPIN CO : LOT MB BLOCK 013 PERMIT TYPE : ESCROW FEE-TIED TO BUILDING PERMIT PROPERTY TYPE : RESIDENTIAL CONSTRUCTION TYPE : ESCROW FEE-TIED TO BUILDING PERMIT NOTE: THIS$600.00 ESCROW IS TIED TO BUILDING PERMIT#2012-00671 APPLICANT ESCROW FEE-BUILDING 600.00 LARSON&TERESA,DAYTON TOTAL 600.00 1376 PARK DR MOiJND,MN 55364- OWNER LARSON&TERESA,DAYTON 1376 PARK DR MOUND,MN 55364- AGREEMENT AND SWORI�i 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 goveming 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 aze 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. 1 , ., _ BUILDING PERMIT ESCROW AGREEMENT Orono Building Permit#2012-00671 AGREEMENT made this a�o day of V�f. , 201� by and between the CITY OF ORONO, a Minnesota municipal corporation ("City") and Dayton Lars n ("Owners°). Recitals 1. A building permit application has been filed for a new stoop and wood walk located at 1376 Park Drive the ("Subject Property"), legally described as Lots 15, 16 and 17, Block 13, SAGA HILL REVISED, Hennepin County Minnesota. 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. Contemporaneausly with the execution of this Escrow Agreement, the Owners shall deposit $600 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 guaran�ee 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 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, engineering, or legal consultant review) associated with building permit #2012-00671 if compliance with the approved building permit is not accomplished. 3. MONTHLY BILLING. As the City receives consultant bitls 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 EBCROW. The Balance on deposit in the escrow, if any, shall be returned to the Owners when the review has been completed and written notification is received from the Owners requesting the funds. 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 y pursuant to Minn. Stat. §§415.01 and 366.012. CI ,•�� O OWNER• . � By: its: