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1998-02-27 Development Agreement CITY OF ALBERTVILLE DEVELOPER'S AGREEMENT CEDAR CREEK GOLF COURSE PLANNED UNIT DEVELOPMENT CONCEPT PLAN MASTER AGREEMENT THIS AGREEMENT, entered into this 2?d day of r /~. , 1998 by and between Pilot Land Development Company, Inc., referred to here~veloper"; and the CITY OF ALBERTVILLE, County of Wright, State of Minnesota, hereinafter referred to as "City"; WITNESSETH: WHEREAS, Developer is the fee owner and developer of a parcel or parcels of land described in Exhibit A, attached hereto and incorporated herein by reference, a portion of which parcels ofland are proposed to be subdivided and platted for development, and which subdivision, which is the subject of this agreement, is intended to bear the name "Cedar Creek Golf Course Planned Unit Development" and may sometimes hereinafter be referred to as the "Subject Property" or "Said Plan"; and WHEREAS, the City has given concept plan approval of Developer's plan of Cedar Creek Golf Course contingent upon compliance with certain City requirements including, but not limited to, matters set forth herein; and WHEREAS, the City requires that certain public improvements including, but not limited to, grading, sanitary sewer, water, storm sewer and streets (hereafter "Municipal Improvements") be installed to serve the Subject Property and other properties affected by the development of Developer's land, to be installed and financed by Developer upon final plan approval of each phase of development; and WHEREAS, the City further requires that certain on- and off-site improvements be installed by the Developer within the Subject Property upon final plan approval of each phase, which improvements consist of boulevards, top soil, sod and seed, trees, grading control per lot, bituminous or concrete driveways, parking lots, drainage swales, berming, street signs, street cleanup during project development, erosion control, and other site- related items; and WHEREAS, this Agreement is entered into for the purpose of setting forth and memorializing for the parties and subsequent owners, the understandings and agreements of the parties concerning the development of the Subject Property; 1 . f NOW, THEREFORE, IT IS HEREBY AND HEREIN MUTUALLY AGREED, in consideration of each party's promises and considerations herein set forth, as follows: 1. Construction of Municipal Improvements. A. At the time Developer applies for preliminary plan approval of any particular Phase of the development, Developer shall provide the City with detailed plans and specifications for the installation of municipal improvements to the Subject Property. Said improvements to include installation of water mains, sanitaty and storm sewers, storm water ponding, site grading, curb and gutter, paved streets and other usual and customary improvements deemed necessary by the City for the proper development of the property. Said plans and specifications shall meet all City design standards and shall be subject to the approval of the City Council and/or City Engineer. All such improvements shall be constructed according to the standards adopted by the City, along with all reasonable items required by the City Engineer, and shall be constructed within a reasonable time frame established by the City at the time of approval of the final plan for each Phase. All costs related to the design and installation of the Municipal Improvements shall be borne by the Developer. B. The Developer shall warrant to the City for a period of two years from the date the City accepts the finished Municipal Improvements that all such improvements have been constructed to City standards and shall suffer no significant impairments, either to the structure or to the surface or other usable areas due to improper construction, said warranty to apply both to poor materials and faulty workmanship. C. Developer shall provide the City with lien waivers from all contractors and subcontractors engaged to construct said irrrprovements. Should Developer fail to provide the City with all applicable lien waivers, the City reserves the right to draw upon Developer's surety and pay any contractors who performed work on any Municipal Improvements and whom Developer has failed to fully pay for the performance of said work. The City's right to pay said contractors from Developer's surety shall be subject to Developer's right to contest in good faith the amount due to said contractors, provided Developer shall pay all reasonable attorney's fees incurred by the City as a result of said contest. 2 D. Developer shall grade all lots at the same time as the street grading is performed, and shall grade such lots in a manner which will allow for adequate. drainage from the lot. E. The City shall, at its option, have the City Engineer present on Said Plan for inspection purposes at all times (or such times as the City may deem necessary) during the construction and installation of said Municipal Improvements. Developer agrees to pay for all costs incurred by the City during said inspections. F. Developer shall be responsible for plowing snow on all public streets in said plan until the base course is installed, the castings have been adjusted and at least one of the homes is occupied. Upon the occurrence of these three events, the City shall be responsible for snowplowing on public streets. Until the installation of the wear course ofbiturninous pavement, the Developer shall r~pair, at its expense, any damage occurring to the base course, castings or other improvements from said City snow plowing, and said snow plowing shall not be deemed an acceptance of the streets by the City. Developer shall not be responsible for damage caused to street signs and lights due to careless operations by snow plows operated by the City or the City's agents. 2. Construction of On- and Off-Site Improvements. Upon approval of the final plan for each Phase of the Subject Property, Developer shall perform the following: A. Developer shall cause the construction of (and may subcontract said construction of) all on- and off-site improvements including installation of boulevards, street signs, traffic signs, yard top soil, sod in all front and side yards abutting a street, grass seeding and mulching in all other yards, one front-yard tree, grading control per lot, bituminous or concrete driveways, drainage swales, berming, and like items as necessary, street cleanup during project development, and erosion control, all as required by City ordinance and at Developer's expense. Said on- and off-site improvements shall be installed within a reasonable time frame established by the City, except that erosion control, drainage swales and berming shall be installed upon initial grading of Subject Property. All grading, drainage, utility and wetland mitigation issues must be approved by the City Engineer. B. Developer shall, at its own expense, cause the following items to be installed 3 within the development, all such items to be installed under ground, within the street right of way, accessible to all lots and in compliance with all applicable state and local regulations: 1. Electrical power supply, to be provided by Northern States Power or other such carrier; 11. Natural gas supply, to be provided by Minnegasco or other such carner; 111. Telephone service, tobe provided by Sprint/United Telephone Company or other such carrier; IV. Cable television, to be provided by Jones Intercable or other such carner. In addition, the Developer shall, at its own expense, cause street lights and street signs to be of such type and to be installed at such locations as required by the City Engineer and in conformance with the Manual on Uniform Traffic Control Devices. C. Developer's utility plan for each Phase shall show all existing and proposed utility lines and easements, and Developer shall install all utilities according to the Concept Utility Plan attached as Exhibit C approved by the City. D. Developer shall install silt fencing in back of all curbing within 30 days after said curbing is installed, or 7 days after the "small utilities" (gas, phone, electrical and cable television) have been installed, whichever occurs sooner. Developer shall be allowed to substitute hay bales for a 22-foot section of silt fencing on each lot for the purpose of allowing construction vehicles to pass from the street to each lot. No construction vehicles shall pass from the street to the lots except through such designated 22-foot section of hay bales. Developer shall remove all hay bales and silt fencing from each lot as sod is installed upon said lot. E. Notwithstanding the requirements of subparagraph 2A above, the Developer shall cause to be installed, to the City's satisfaction, improvements for each lot or parcel within sixty (60) days of the date that a certificate of occupancy (temporary or permanent) is issued by the City for a building located on the lot, unless the certificate of occupancy is issued after October 1st and before 4 . ~ April 15th in any given year, in which case said improvements shall be so completed by the following June 15th. F. Developer shall install storm water retention/water quality ponds upon Said Plan in the locations as shown on the Concept Grading and Drainage Plan . attached as Exhibit D, and including all ponds within the golf course. Developer shall provide the City with perpetual drainage easements over such ponds at the time of the fmal plan approval of the Phase which drains into the pond(s) in question. Said retention ponds shall be installed prior to the installation of streets or utilities. G. ill the event that the Wright County Highway Department determines that an excessive number of golf balls are being hit on or over the pavement of Wright County Highway 118, Developer (or the then-owner of the golf course) shall cooperate with the City of Albertville and Wright County in attempting to alleviate such a problem. In such situation, the Developer (or the then-owner of the golf course) shall consider such measures as: moving the tees farther from County Highway 118, re-orienting the tees, installation of fencing or netting along County Highway 118, or such other measures that are reasonably calculated to reduce the likelihood of golf balls being hit on or over the pavement of Wright County Highway 118. Within one year of notification by Wright County that an excessive number of golf balls are being hit on or over the pavement of Wright County Highway 118, the Developer (or the then-owner of the golf course) shall implement measures that significantly reduce the frequency of golf balls being hit on or over the pavement of Wright County Highway 118. 3. Status of Streets. A. Developer agrees that the streets serving the town homes in Cedar Creek South as shown on the Concept Plan shall remain private streets within Said Plan and shall not be dedicated the public. However, said streets shall be constructed in accordance with City construction section standards for public residential streets, and the pavement on said private streets shall be 28 feet in width. Plans and specifications for said streets must receive the approval of the City Engineer prior to commencement of construction. The City Engineer and City Planner must approve all private road designs as being acceptable to access the town home areas of the Property located along County Road 118 and as providing appropriate off-street parking to accommodate visitors in these areas. Developer shall provide legal access to all buildings abutting said 5 private streets via covenants or some other method acceptable to the City Attorney. B. Developer shall be responsible for all maintenance (including snow plowing) on all private streets in said plan. Developer shall keep all private streets in said plan in good repair at all times, and shall keep said streets open so as to allow unhindered access for emergency vehicles at all times. Removal of excess snow shall occur within 12 hours of the start of a snowfall or at such time as two inches of snowfall has accumulated. Such snow may be stored on site but shall not be stored in a manner in which the height of the pile of snow exceeds 10 feet, nor shall snow be stored in a manner so as to block windows of homes or vehicular visibility in comer visibility zones as defmed in the City's zoning ordinance. Developer shall be relieved of its liability under this paragraph, paragraph 3(B), at such time as a homeowner's association acceptable to the City Council has been established through a homeowner's association agreement, such association possesses adequate resources allowing it to assume the responsibilities of this paragraph, and the association actually begins to .perform maintenance on the private streets. C. Developer shall dedicate a total of 60 feet of right-of-way (as measured from the centerline of the existing highway) for use as right-of-way for Wright County Highway No. 118. Said dedication shall occur at such time as final plan approval is granted for the Phase or Phases abutting Wright County Highway No. 118. The City and/or County Highway Engineer must approve the provision of said right-of-way. D. Developer shall apply a layer of oil on Kadler Avenue within 45 days after the issuance of any building permits for any properties in Phase one of Cedar Creek North. If determined to be necessary by the City Engineer, Developer shall apply two inches of pavement on Kadler Avenue at such time as 50% of the homes in Phase one of Cedar Creek North are occupied. If said 50% occupancy rate occurs during the months of November through May, the Developer shall have until the following June 15th to apply said pavement to Kadler A venue. Developer shall take no action pursuant to this paragraph with regard to Kadler A venue without first obtaining the consent of the City of Otsego as to those portions of Kadler A venue lying within the City of Otsego. However, the failure of the City of Otsego to consent to the oiling or pavement of Kadler A venue shall not delay any phase of Cedar Creek North. E. The right of way for Karsten A venue shall be dedicated with the approval of 6 the final plan for Phase three of Cedar Creek North. The Developer shall construct Karsten Avenue from Wright County Highway 37 south to connect with the street as shown in Phase one of Cedar Creek North on the attached Exhibit E (Concept Phasing Plan) by October 15, 2001 or concurrent with the Municipal Improvement work required by the fmal plan of Phase three of Cedar Creek North, whichever occurs sooner. F. In the event that portion of Kadler Avenue abutting Cedar Creek North is vacated before final plan approval is received for all Phases of this development, the cost of removing any bituminous pavement then on Kadler Avenue shall bebom by Developer. Said pavement shall be removed within 45 days of the passage of resolutions by governing bodies having jurisdiction on both sides of Kadler Avenue. G. Upon commencement of grading of the golf course, Developer shall apply to both the City of Albertville and the City of St. Michael for the vacation of Kadler Avenue. Developer shall apply to the City of Albertville and the City of Otsego for the vacation of Kadler Avenue north of the golf course at such time as all streets shown on the Concept Plan have been installed and accepted by the City. The City shall waive any application fees for the said road vacation. H. Developer shall provide a 20 foot wide bituminous paved emergency exit and utility easement from the cul-de-sac of Phase 4 of Cedar Creek South connecting to Kadler A venue and the street in Phase 4 of Cedar Creek North as shown on the Concept Plan. This connection shall also serve as a trail for golf carts and pedestrians. The methods used to improve this corridor to allow for year-round emergency access while preventing its use by intruder~ shall be determined at the time the Developer submits development stage plans for the adjoining lots. 1. Developer shall maintain (or otherwise provide for said maintenance via homeowners association or golf course operator) all "islands" in the streets shown on Phases 3 and 4 of Cedar Creek South as shown on the Concept Master Plan attached as Exhibit B. Developer will provide a maintenance agreement for these "islands" prior to final plan approval. All plants within said islands must be capable of withstanding snow and salt impacts expected during the winter months. 7 4. Reimbursement of Costs Related to the Installation of Certain Munici pal Improvements. The City recognizes, and Developer agrees, that Developer shall install a sanitary sewer Lift Station ("Lift Station") which will benefit properties in addition to those owned or controlled by Developer. Said Lift Station is identified on the attached Exhibit C. Developer shall construct the Lift Station as indicated on Exhibit C and Developer shall pay all of the cost of said Lift Station. As a consequence of Developer's installation of the Lift Station: A. The City shall undertake good-faith efforts to establish a trunk sanitary sewer charge ("Trunk Charge") upon all property within the City of Albertville which the City Engineer detennines can make use of said Lift Station via gravity flow sanitary sewers. Said Trunk Charge shall be based upon a calculation of all land within the City of Albertville which the City Engineer determines can make use of said Lift Station via gravity flow sanitary sewers (including any such land included in the Subject Property) divided by the cost of the Lift Station (the product of this calculation shall be called the "Per Acre Charge"). The Cost of said Lift Station shall be arrived at by multiplying the low bid for the installation of the Lift Station by 1.18 (using 18% for engineering) . B. Upon the establishment of Said Trunk Charge ordinance, the City agrees to reimburse to Developer a portion of the money collected under said Trunk Charge ordinance which stem from the per-a.cre charge established above. This amount shall be reimbursable solely from trunk charges collected from lands which connect into said Lift Station, but only to the extent that said trunk charges are directly attributable to the costs associated with the installation ofthe Lift Station. The City shall have no obligation to reimburse to Developer trunk charges from lands which do not directly utilize said Lift Station via gravity flow sewers. If additional Trunk Charge fees (in excess of the amount attributable to the installation of the Lift Station) are required of other lands, including "benefited lands," to offset additional trunk-line related costs of the City, said additional fees shall belong solely to the City. C. The City's obligation to reimburse developer shall exist only to the extent that the City collects said Lift Station charges as detailed in subparagraphs A and B. above, and no other City monies shall be used to reimburse Developer. Reimbursement to the Developer by the City of qualifying monies shall occur by January 31st and July 31st of each year for the periods ending the prior 8 . , December 31st and June 30th, respectively. The City's obligation to reimburse Developer under this paragraph shall cease on July 31, 2010, regardless of whether Developer shall have received any reimbursement by said date. Under no circumstances shall Developer be reimbursed more than the total cost of the Lift Station. If for any reason the City is unable to establish or enforce a trunk charge collection mechanism, the City shall have no obligation to reimburse Developer. D. Developer shall be eligible for reimbursement under this paragraph only if the Lift Station is installed by the lowest responsible bidder as determined by the City Council in accordance with all applicable provisions of Minnesota Statutes ~471.345. E. Should Developer develop any lands which utilize said Lift Station, Developer shall pay the City the full amount of the trunk charge in effect at the time said lands are platted. Developer shall then be reimbursed from said paid trunk charges according to subparagraph 4(C) above. F. Developer shall acquire all permanent and temporary easements necessary for the installation of the Lift Station to be completed by Developer, and shall dedicate all such easements to the City, all at Developer's sole expense. All such easements must be approved by the City Engineer and City Attorney prior to their dedication to the City. G. Developer shall dedicate the Lift Station to the City upon its completion, and shall be warranted by Developer for two years from the date of its dedication to the City. Developer shall construct said Lift Station according to specifications approved by the City Engineer, and no building permits shall be issued for any Phase which drains into said Lift Station until said Lift Station is fully operational. H. Developer understands that the reimbursement arrangement set forth in this agreement is unique and untested under the law. Developer agrees that should a court invalidate this agreement or any portion of the reimbursement provisions of this agreement such that the City can not reimburse Developer from future fees as set forth in this agreement the City shall have no further obligation to reimburse Developer for any costs incurred by Developer in constructing said Lift Station. 9 5. Intended Use of Subject Property. A. It is the Developer's and City's intent that single-family detached dwelling units, two-family attached dwelling units and an eighteen hole golf course be constructed on the lots in Said Plan (one unit on each lot), including that portion of the golf course lying within the City of St. Michael. All said housing units and the entire golf course shall be constructed in the locations as shown on the attached Concept Plan. Developer agrees that it shall not construct any units other than those as shown on said Concept Plan. The number of single family lots constructed on the Subject Property shall not exceed 291 and the number of twin / town homes shall not exceed 50 for all of the Subject Property. The area designated for the eighteen hole golf course shall be restricted to use only as an eighteen hole golf course with typical complimentary accessory uses related to and commonly associated in the industry with golf course uses. Such restriction shall run with the land and shall bind all future assignees and/or successors in interest. The restriction on use of this land only for golf course purposes (in substantially the form shown on the ConceBt Plan) may be modified only upon the written authorization of the City, and the City shall exercise sole discretion in determining whether to allow any use other than an 18-hole golf course on the property shown as golf course property on the Concept Plan. In the event the Developer fails to construct the golf course as shown on the Concept Plan (including that portion of the golf course lying within the City of St. Michael), the land shown as golf course use on the Concept Plan shall remain vacant, undeveloped land in perpetuity, or until said golf course is constructed and operated by Developer or successor to the Developer.. B. Prior to the sale of each lot on the Property, illustrative plans shall be disclosed to each potential buyer to avoid resident complaints relative to non- conventional house placement throughout the Subject Property. C. Developer shall require via recorded covenants that all homes abutting the golf course shall contain at least 1/3 brick, stone, stucco or wood facing on the front of the home. D. Developer shall require via recorded covenants that the minimum square footage of each town home in the development shall be no less than 960 square feet. The Developer shall require via recorded covenants that the minimum square footage for the garages attached to each town home shall be no less than 440 square feet (20 feet by 22 feet). For all town home 10 i .t properties, Developer shall record covenants and restrictions acceptable to the City Attorney against said properties. Said covenants and restrictions shall provide for the maintenance of all grounds encompassing the town home development and shall provide for the common maintenance of all town home structures. E. All townhome developments on the subject property shall be configured with several individual lots (containing the housing structure) and one common lot surrounding all such individual lots, similar to that configuration shown on the attached Exhibit F. F. The golf course shall be open for business to the public at large, and shall not be converted to a "private" golf course without the express written consent of the Albertville City Council. G. Albertville residents shall receive a discount of at least 15% off of the regular green fee ch~d to the general public for use of the golf course. Said discount shall be in effect for the fIrst 5 years of operation, and may be limited to 15 rounds of golf per person per season. The operator of the golf course shall administer the discount program in a reasonable manner and through reasonable means. H. The underlying zoning for all single family residential lots shall be the RI-A zoning requirements, as amended from time to time, which shall apply at all times to the Subject Property, except for the following items, which shall take precedence over the applicable zoning ordinance: 1. Varying front yard setbacks shall be documented at the final plan stage, and shall be shown on fmal plan documentation. No front yard setbacks shall be less than 30 feet from the street right of way. ll. All lots shall contain a minimum of 15,000 square feet, except 11 lots in Cedar Creek South and 5 lots in Center Oaks. These 16 lots shall have a minimum of 12,500 square feet of lot area. 111 All lots shall have a minimum lot width of 80 feet measured at the front set back line between the side yard lines. iv. It is the intent of the parties to this agreement that existing and future provisions of the applicable zoning ordinance not act to reduce the number 11 1 ,. . J of single family detached residential units as shown on the attached Concept Plan. I. The Developer shall submit detailed development plans for the town houses at the development plan stage. Developer and City recognize that the current town house proposal does not contain sufficient detail with which to specify lot area and set back requirements. Accordingly, the City shall review lot area and set back requirements at the time of development plan submission. Said development plan submissions must comply with the development standards set forth in Section 2700 of the City's zoning ordinance, as may be varied by the City. It is the intent of the parties to this agreement that existing and future provisions of the applicable zoning ordinance not act to reduce the number of single family attached townhome units as shown on the attached Concept Plan. 6. Surety Requirements. A. Upon the approval of the fmal plan for each Phase of the development of the Subject Property, Developer shall provide the City with an irrevocable letter of credit (or other surety as approved by the City Attorney) as security that the obligations of the Developer under this contract shall be performed. Said letter of credit or surety shall be in the amount equal to 100% of the estimated cost of installing the Municipal Improvements detailed in paragraph 1 above, plus 50% of the estimated cost of the on- and off-site improvements detailed in paragraph 2 above. Said letter of credit or surety must meet the approval of the City Attorney as to form and issuing banle No letter of credit shall be required for the completion of the eighteen hole golf course. Instead, developer has agreed that Phases 3 and 4 of the residential developments shall remain unbuildable open space until the golf course is completed in accordance with the requirements of this document. B. As an alternative to providing a 100% letter of credit, Developer may provide the City with a combination of an irrevocable letter of credit and a performance bond as security that the obligations of the Developer under this contract shall be performed. Said combination shall be as follows: 1. A letter of credit in the amount of 75% of the estimated cost of the improvements. Said letter of credit must meet the approval of the City attorney as to form and issuing bank.. 12 , '" 11. A performance bond in the amount of 150% of the remaining 25% of the cost of the improvements. Said bond must meet the approval of the City Attorney as to form and issuing company. The City reserves the right to require the Developer to provide a 100% letter of credit for future Phases under this agreement in the event that the City actually draws on a letter of credit or bond provided under this agreement. C. The City may draw on said letter of credit or surety to complete work not performed by Developer' (including but not limited to on- and off-site improvements, Municipal Improvements described above, erosion control, and other such measures, but not the golf course construction), to pay liens on property to be dedicated to the City, to reimburse itself for costs incurred in the drafting, execution, administration or enforcement of this agreement, to repair or correct deficiencies or other problems which occur to the Municipal Improvements during the warranty period, or to otherwise fulfill the obligations of Developer under this agreement. D. In the event that any cash, irrevocable letter of credit, or other surety referred to herein is ever utilized and found to be deficient in amount to payor reimburse the City in total as required herein, the Developer agrees that upon being billed by the City, Developer will pay within thirty (30) days of the mailing of said billing, the said deficient amount. If there should be an ov~rage in the amount of utilized security, the City will, upon making said determination, refund to the Developer any monies which the City has in its possession which are in excess of the actual costs of the project as paid by the City. E. Developer hereby agrees to allow the City to specially assess any portion of the Subject Property for any and all costs incurred by the City in enforcing any of the terms of this agreement should Developer's letter of credit or surety prove insufficient or should Developer fail to maintain said letter of credit or surety in the amount required above within 30 days of mailing of written request by the City. Should the City specially assess Developer's property for said costs, Developer agrees not to contest or appeal such assessment (on the grounds that the assessment exceeds the benefit to the property, but Developer may challenge the calculation of the costs used to determine the assessment) and Developer waives all statutory rights of appeal under Minnesota Statutes, including Minnesota Statute 429.081 except as otherwise allowed in this sentence. 13 ~ i I 7. Surety Release. A. Periodically, as payments are made by the Developer for the completion of portions of the Municipal Improvements and/or On- and Off-site Improvements in any given Phase, and when it is reasonably prudent, the Developer may request of the City that the surety be proportionately reduced for that portion of the Municipal Improvements and/or On- and Off-site Improvements which have been fully completed and payment made therefor. All such decisions shall be at the discretion of the City Council. The City's cost for processing reduction request( s) shall be billed to the Developer. Such cost shall be paid to the City within thirty (30) days of the date of mailing of the billing. B. The Developer may request of the City a reduction or release of any surety as follows: 1. When another acceptable letter of credit or surety is furnished to the City to replace a prior letter of credit or surety. 11. When all or a portion of the Municipal Improvements or the on- and off-site improvements have been installed, the letter of credit or surety may be reduced by the dollar amount attributable to that portion of improvements so installed, except that the City shall retain the letter of credit or surety in the amount of 10% of the estimated construction price of the Municipal Improvements during the fIrst year of the warranty period and 5% of the estimated construction price of the Municipal Improvements during the second year of the warranty period. ill. As to all requests brought under sub paragraph A, the City Council shall have complete discretion whether to reduce or not to reduce said letter of credit or surety. C. The costs incurred by the City in processing any reduction request shall be billed to the Developer and paid to the City within thirty (30) days of billing. 8. Sanitary Sewer Trunk Line Fees. A. Developer agrees that the City's Sanitary Sewer Trunk Line Fee Ordinance 14 currently requires the Developer to pay $1,400.00 per acre in sanitary sewer trunk line fees as each residential Phase is granted final plan approval. Developer acknowledges that said Trunk Line Fee will likely increase in the future as costs related to the sanitary sewer trunk line collection system rise, and because the golf course property, which had previously been anticipated to generate an estimated $163,800, will now generate approximately $3,200, with the difference likely being made up by a per-acre increase in the trunk charge for all other property within the Trunk Line district, including the residential lots included in the Subject Property. All such increases in fees shall be established by resolution of the City Council and shall be reasonably related to the trunk line costs incurred by the City. Developer shall pay Trunk. Line Fees at the time of granting offmal plan approval for each Phase of the development, and said Trunk. Line Fees shall be paid according to the per acre fee in force at the time final plan application is made for each Phase. The 18.4 acre "Existing Wetland" adjacent to the Parkside Third Addition Plat shall be included in the acreage calculation of Phase 2 in Cedar Creek South. B. Developer agrees that by October 1, 1999, Developer shall pay a Trunk Line fee of $3,20b for all areas of the golf course, based upon reduced acreage which will be sewered, which in turn reflects anticipated reduced per-acre sanitary sewer flows from the golf course use. C. Pursuant to that Developer's Agreement known as the Parkside Third Addition Developer's Agreement between Developer and City dat.ed August 13, 1996, Developer shall receive a credit of $900.00 per acre to be applied said Trunk Line Fee described above for all portions of said plan which will utilize the trunk line installed by Developer (said Trunk Line as described in said Parkside Third Addition Developer's Agreement), except that said credit shall not apply to any'trunk line fees which apply to the golf course area. 9. Project Phases. A. Developer shall be allowed to develop the Subject Property in Phases consistent with the Concept Phasing Plan attached as Exhibit E. In doing so, Developer shall submit a development plan (similar to a preliminary plat), including grading and drainage plans, wetland mitigation plans, landscaping plans, utility plans and other plans which may be required by City ordinance for each respective Phase. Upon approval of the development plan for a Phase by the City, the Developer shall submit a fmal plan (similar to a fmal plat) for that Phase. The submission requirements reflected in this paragraph 15 represent current PUD ordinance requirements. In the event that the City modifies said submission requirements, Developer shall comply with the submission requirements in effect at the time each stage of Phase approvals are applied for. Developer shall not be allowed to build structures on any portion of the Subject Property until the portion to be built upon has received final plan approval from the City. The Phases referred to herein are those Phases shown on the Concept Phasing Plan. B. Developer shall "rough grade," and seed all portions of the golf course (including the portions located within the boundaries of the City of St. Michael) to correspond with the Concept Grading and Drainage Plan attached as Exhibit D by September 30, 1998. In the event Developer fails to so grade the golf course property by said date, all Phase 3 and 4 properties shall remain vacant and shall be deemed non-buildable land until the rough grade and seeding of the golf course has been completed. C. Developer shall not be allowed to proceed with the final plan of any Phase 3 or Phase 4 property in Cedar Creek North and Cedar Creek South, nor shall Developer be allowed to proceed with the final plan of any Phase 4 property in Center Oaks until all 18 holes of the golf course have been completed according to the Concept Plan, construction has begun on the club house, and until the golf course is open for business. In the event Developer fails to so complete and open the golf course, all Phase 3 and Phase 4 property in Cedar Creek North and Cedar Creek South, and all Phase 4 property in Center Oaks shall remain vacant and shall be deemed non-buildable land until the golf course is so completed. D. Developer shall install a paved parking lot (which meet the City's zoning ordinance parking requirements) as shown on the Concept Plan for the 18 hole golf course by October 31, 1999. E. Developer shall not be granted fmal plan approval of any Phase 4 property on any of the Subject Property until a golf course club house reasonably adequate to support the operation of the golf course as a going concern is fully constructed and operational. In the event the Developer fails to complete the golf course club house by August 31, 2000, all Phase 4 property shall remain vacant and shall be deemed non-buildable land (except for the construction of an IS-hole golf course as shown on the Concept Plan) until the golf course club house is completed. 16 ; ~ F. The Developer shall establish homeowners' associations via recorded covenants for each Phase of town home developments. Said associations shall provide for maintenance of all common areas and the exterior of all town home structures. Said association agreements/covenants shall be in a form and content acceptable to the City Attorney. G. It is anticipated that due to market conditions, Developer may transfer lots between Phases (i.e. move the boundary of the Phase to take in lots currently shown in a different Phase) at time of fmal plan approval. Said transfer in the amount of not more than 10 lots per Phase shall be allowed (except in the town home Phases, where no transfer in lots shall be allowed), provided Developer may not transfer lots from a restricted Phase (e.g. Phases 3 and 4) without frrst completing the prerequisites to developing the lots in said restricted Phases as required by this agreement. The transfers contemplated in this paragraph shall not increase the development density over that shown on the Concept Plan, nor shall it increase the total number of single family lots or town home units as . detailed in paragraph 5(A) above. 10. Abandonment of Project - Costs and Expenses. In the event Developer should abandon the proposed development of the Subject Property, the City's costs and expenses related to attorney's fees, professional review, drafting of this Agreement, preparation of the feasibility report, plans and specifications, and any other expenses undertaken in reliance upon Developer's various assertions shall be paid by said Developer within thirty (30) days after receipt of a bill for such costs from the City. In addition, in the event the Developer abandons the project, in whole or in part, ceases substantial field work for more than nine (9) months, fails to provide sufficient ground-cover to prevent continuing soil erosion from the Plan, or fails to leave the abandoned property in a condition which can be mowed using conventional lawn mowing equipment, Developer agrees to pay all costs the City may incur in taking whatever action is reasonably necessary to provide ground-cover and otherwise restore Said Plan to the point where undeveloped grounds are level and covered with permanent vegetation sufficient to prevent continuing soil erosion from Said Plan and to facilitate mowing of Said Plan. In the event that said costs are not paid, the City may withdraw funds from the above-mentioned surety for the pmpose of paying the costs referred to in this paragraph. 11. Developer to Pay City's Costs and Expenses. It is understood and agreed that the Developer will reimburse the City for all reasonable administrative, legal, planning, engineering and other professional costs incurred in the creation, administration, 17 ; ~ enforcement or execution of this Agreement and the approval of Said Plan, as well as all reasonable engineering expenses incurred by the City in designing, approving, installing, and inspecting said Improvements described above. Developer agrees to pay all such costs within 30 days of billing by the City. If Developer fails to pay said amounts, Developer agrees to allow the City to reimburse itself from said surety andJor assess the amount owed against any or all of the Said Plan without objection. Developer has the right to request time sheets or work records to verify said billing prior to payment. 12. Erosion and Siltation Control. Before any grading is started on any Phase, Developer shall implement all erosion control measures required by the City Engineer. Developer shall first prepare an erosion control plan for approval of each Phase by City Engineer. Developer shall also install all erosion control measures deemed necessary by the City Engineer should the erosion control plan prove inadequate in any respect. 13. Ditch Cleaning. Developer shall comply with all requirements set forth for drainage into any county ditch or other ditch through which water from Subject Property may drain, and shall make any necessary improvements or go through any necessary procedures to ensure compliance with any federal, state, county or city requirements, all at Developer's expense. 14. Maintain Public Property Damaged or Cluttered During Construction. Developer agrees to assume full financial responsibility for any damage which may occur to public property including but not limited to streets, street sub- base, base, bituminous surface, curb, utility system including but not limited to watermain, sanitary sewer or storm sewer when said damage occurs as a result of the activity which takes place during the development of Said Plan. The Developer further agrees to pay all costs required to repair the streets and/or utility systems damaged or cluttered with debris when occurring as a direct or indirect result of the construction that takes place in Said Plan. In the event the Developer fails to clean up, maintain or repair the damaged public property mentioned above, the City shall provide the Developer with a Notice of its intent to clean up, repair, or maintain such public property. Developer shall have seven (7) days from the date of mailing (via certified mail) of such notice to effect such clean up, repair or maintenance of said public property to the satisfaction of the City Council. In the event that Developer fails to so clean up, repair or maintain said public property, the City may undertake making or causing it to be cleaned up, repaired or maintained. When the City undertakes such activity, the Developer shall reimburse the City for all of its expenses within thirty (30) days of its billing to the Developer. If the Developer fails to pay said bill 18 , ,,\ If within thirty (30) days, funds sufficient to pay the bill may be withdrawn by the City from the surety described above and/or assessed against any or all of Said Plan. 15. Temporary Easement Rights. Developer shall provide access to the Subject Property at all reasonable times to the City or its representatives for purposes of inspection or to accomplish any necessary work pursuant to this agreement. 16. Miscellaneous. A. Developer agrees that all construction items required under this agreement are items for which Developer is responsible for completing and all work shall be done at Developer's expense. B. If any portion, section, subsection, sentence, clause, paragraph or phrase of this Contract is for any reason held invalid, such decision shall not affect the validity of the remaining portion of this Contract. C. If building permits are issued prior to the completion and acceptance of public improvements, the Developer assumes all liability and the costs resulting in delays in completion of public improvements and damage to public improvements caused by the City, Developer, its contractors, subcontractors, materialmen, employees, agents, or third parties. No one may occupy a building for which a building permit is issued on either a temporaty or permanent b~sis until the streets needed for access have class five gravel and concrete curbing installed, unless a specific exception is approved by the City. D. The action or inaction of the City shall not constitute a waiver or amendment to the provisions of this Contract. To be binding, amendments or waivers shall be in writing, signed by the parties and approved by written resolution of the City Council. The City's failure to promptly take legal action to enforce this Contract shall not be a waiver or release. E. This Contract shall run with the land and shall be recorded against the title to the property via a short-form companion document referencing this agreement. After the Developer has completed all work and obligations required of it under this Contract (including the expiration of the warranty period), at the Developer's request, the City will execute and deliver to the Developer a release of its obligations under this agreement, but paragraphs Ib, 2g, 3a, 3b, 31, 4a, 4b, 4c, 4d, 4e, 4f, 4g, 4h, 5a, 5e, 5f, 5g, 5h, 51, 16c, 16d, 16e, 18a, 18c, 19h, and 21 of this agreement shall remain binding upon all 19 il i'l, ') 'i t present and future owners of any portions of the Subject Property. F. All municipal water concerns will be handled by the Joint Powers Water Board. No connections to the water system will be permitted until the Board has given final approval. The Board may assign approval authority for any or all water concerns to the City. G. The Developer represents to the City that the Concept Plan complies with all City, county, state and federal laws and regulations, including but not limited to: subdivision ordinances, zoning ordinances, and environmental regulations. If the City determines that the Concept Plan does not comply with any of the above mentioned laws and regulations, the City may, at its option, refuse to allow construction or development work on Said Property until the City identifies said non-compliance and Developer so complies with said laws and regulations. Upon the City's demand, the Developer shall cease work until there is compliance with said laws and regulations. H. Prior to the execution of this agreement and prior to the start of any. construction on the Subject Property, Developer shall provide the City with evidence of good and marketable title to all of Subject Property. Evidence of good and marketable title shall consist of a Title Insurance Policy or Commitment from a national title insurance company, or an abstract of title updated by an abstract company registered under the laws of the State of Minnesota. 1. Developer shall comply with all water, ponding and wetland related restrictions as may be required by the Wright County Soil and Water Conservation District. 1. Although the City has initiated studies relating to the expansion of the capacity of the wastewater treatment plant, Developer acknowledges that the City currently may not have adequate waste water treatment plant capacity to serve existing platted properties and the entire Subject Property, depending upon the timing of development in the City. The City believes that it has the ability to sufficiently expand its current wastewater treatment plant at its existing location to provide sewer capacity for all of the Subject Property, but as of the date of this agreement, the City does not have exact cost figures for such an expansion. Accordingly, approval of this Concept Plan shall in no way be construed as a guarantee that the City will provide waste water treatment plant capacity for any or all Phases at the time of final plan approval 20 ~ J \'; t 'I l. for any such Phase. The developer acknowledges that the City has reserved sewer capacity until December 31, 1998 for some of those properties abutting the trunk sewer line currently serving the STMA high school located on Wright County Highway 35, and as such, these parties shall have priority over Developer for allocation of wastewater treatment plant capacity until December 31, 1998. The City reserves the right to allocate wastewater treatment plant capacity among developments (including future residential, commercial or industrial developments) or to refuse to grant fmal plan approval for any Phase for which unallocated waste water treatment plant capacity is not available. Developer acknowledges and agrees that the City shall not be liable in any manner if at the time of final plan approval for any Phase, the City does not have waste water treatment capacity to accommodate said Phase. The City has directed the City Engineer to prepare a facilities plan and accompanying cost documentation related to a proposed expansion of the wastewater treatment plant. The City shall, upon request of Developer, update Developer regarding the City's on-going efforts to expand its wastewater treatment plant capacity. K. Developer acknowledges that the City currently does not have adequate waste water treatment plant capacity to serve existing platted properties and the entire Subject Property. Accordingly, approval of this Concept Plan shall in no way be construed as a guarantee that the City will provide waste water treatment plant capacity for any or all Phases at the time of final plan approval for any such Phase. Developer acknowledges and agrees that the City shall not be liable in any manner if at the time of final plan approval for any Phase, the City does not have waste water treatment capacity to accommodate said Phase. The developer acknowledges that the City has reserved sewer capacity for those properties abutting the trunk sewer line currently serving the STMA high school located on Wright County Highway 35, and as such, at all times these parties shall have priority over Developer for allocation of wastewater treatment plant capacity. The City reserves the right to allocate wastewater treatment plant capacity among developments (including future residential, commercial or industrial developments) or to refuse to grant fmal plan approval for any Phase for which unallocated waste water treatment plant capacity is not available. L. The City shall grant Concept Plan approval at the time of the execution of this agreement, but no development plan approval shall be granted until the Developer obtains a conditional use permit from the City of St. Michael allowing the golf course use on the Subject Property located in St. Michael. 21 , , . . , M. In the event an Environmental Impact Statement is required to be prepared for this project, the City reserves the right to withhold approval of development plans or [mal plans for any Phases of the Subject Property until said Environmental Impact Statement has been prepared and adequately addresses all environmental issues related to this development. 17. Draw on Expiring Letter of Credit. In the event a surety referred to herein is in the form of an irrevocable letter of credit, which by its terms may become null and void prior to the time at which all monetary or other obligations of the Developer are paid or completed, it is agreed that the Developer shall provide the City with a new letter of credit or other surety, acceptable to the City, at least forty-five (45) days prior to the expiration of the expiring letter of credit. If a new letter of credit is not received as required above, the City may declare a default in the terms of this Agreement and thence draw in part or in total, at the City's discretion, upon the expiring letter of credit to avoid the loss of surety for the continued obligation. The form of said irrevocable letter of credit must be approved by the City Attorney prior to its Issuance. 18. Violation of Agreement. A. In the case of default by the Developer, its successors or assigns, of any of the covenants and agreements herein contained, the City shall give Developer thirty (30) days mailed notice thereof (via certified mail), and if sl!ch default is not cured within said thirty (30) day period, the City is hereby granted the right and the privilege to declare any deficiencies governed by this Agreement due and payable to the City in fulL The thirty (30) day notice period shall be deemed to run from the date of deposit in the United States Mail. Upon failure to cure by Developer, the City may thence immediately and without notice or consent of the Developer use all of the deposited cash, irrevocable letter of credit or other surety funds to complete the Developer's obligations under this agreement, and to bring legal action against the Developer to collect any sums due to the City pursuant to this Agreement, plus all costs and attorney's fees incurred in enforcing this agreement. B. Paragraph 18A shall not apply to any acts or rights of the City under paragraph 17 above, and no notice need be given to the Developer as a condition precedent to the City declaring a default or drawing upon the expiring irrevocable letter of credit as therein authorized. The City may elect to give notice to Developer of the City's intent to draw upon the surety 22 without waiving the City's right to draw upon the surety at a future time without notice to the Developer. C. Breach of any of the terms of this Contract by the Developer shall be grounds for denial of building permits after said breach has remained uncured for 30 days after Developer has been noticed of said breach. 19. Dedications to the City. A. Upon the completion of all construction work and certification of completion by the City Engineer for any given Phase, the Developer, upon presentation to the City of evidence of good and marketable title to Phase being developed, shall dedicate all roads, road right of ways, sewers and water mains to the City (except for the private roads described above, which shall not be dedicated to the City). Upon acceptance of dedication, Developer shall provide to the City "As-Builts" of all sewers, water mains, and roads. Acceptance by City of any dedication shall occur upon passage of a resolution to su~ effect by the City Council. B. Developer acknowledges that under the City's current park dedication ordinance, a certain amount of land acceptable to the City must be dedicated to the City and! or a specified amount of money must be paid to the City in lieu of land dedicated for park purposes, such amounts payable upon the approval of the final plan for any particular Phase. The City and Developer recognize that the required amount of land dedicated or money paid may increase prior to the granting of final plan approval for any or all of the Phases contemplate~ under this agreement. The City recognizes that any increases in the amount of land required to be dedicated subsequent to the date of this agreement may interfere with the complete development of the Concept Plan as it has been approved by the City. As a result, the City and Developer agree that only that land currently shown on the Concept Plan as land to be dedicated for park purposes shall be dedicated for park purposes. The Developer acknowledges that land zoned R5 shall not be included in park dedication land at this time. Wetlands dedicated as park land shall not be credited toward park dedication required under this agreement. C. The City and Developer agree that for purposes of satisfying the City's residential park dedication requirements, the total residential land area is 175.9 acres (excluding the R-5 residential land north of the Cedar Creek 23 ',1_ North development). The park dedication ordinance specifies that the Developer shall dedicate land in the amount of 10% of the Subject Property land shown as residential land (175.9 acres times 10%) equals 17.59 acres). However, Developer desires to dedicate 8.28 acres ofland (representing only 47.07% of the required land), and therefore shall satisfy the remainder of the park dedication requirement via the payment of cash to the City on a per-unit basis representing 52.93% of the residential units in the development, at the per-unit requirement in effect at the time each Phase receives fmal plan approval. As currently shown on the Concept Plan, 52.93% of the residential units equals 180.49 units (341 units x 52.93%) upon which the Developer will pay a per-unit park dedication. Developer shall dedicate the lands shown as park lands on the Concept Plan. Said dedication shall occur in the locations shown on the Concept Plan and shall be dedicated at the time the Phase one adjacent to each park receives fmal plan approval. Nothing in this agreement shall be construed to require the Developer to dedicate more land than the 8.28 acres currently shown as park land on the Concept Plan, and the actual amounts dedicated may vary depending upon the final lot layout of each phase. D. In the event that Developer dedicates more park land than required with any particular Phase, Developer shall receive a park land dedication credit which may be applied to subsequent Phases. Actual park dedication amounts shall be figured on a Phase by Phase basis, and all cash to be paid in lieu of land dedications shall be paid as each Phase receives fmal plan approval. Payment of said park dedication fee shall occur prior to release of the fmal plan. E. The City and Developer agree that for purposes of satisfying the City's commercial park dedication requirements, Developer shall dedicate an amount of cash equal to 7.5% of the value of the land shown on the Concept Plan as golf course land. Said 7.5% of value of the land shall be determined as of the time the golf course land receives fmal plan approval. The land shall be valued at such time based upon its zoning for a golf course use, but any improvements made to the land (including grading, turf seeding, parking lot or building improvements) shall not be included in said valuation (i.e. the land shall be valued as "raw" land, zoned for a golf course use). Valuation shall be determined based upon the assessed value of the land as shown at the Wright County Assessor's office or, if either the City or the Developer so requests, by appraisal by a licensed real estate appraiser. If an appraiser is used for the valuation, the Developer shall have the option of jointly choosing an appraiser with the City, provided the Developer pays half of the cost of the appraiser. If 24 . . the Developer does not agree to pay half of the cost, the City shall choose the appraiser. In either case, the appraiser's valuation shall be binding upon both the City and Developer for purposes of this subparagraph. City and Developer agree that the golf course property consists of 117.2 acres. F. All trails shall be dedicated and paved by developer consistent with the Concept Master Plan attached as Exhibit B. The cost of paving said trails shall be deducted from the total park dedication fee owed by the Developer. The cost shall be determined based upon the lowest responsible bidder as determined by the Albertville City Council, plus reasonable out-of-pocket engineering design fees incurred by Developer and reasonable out-of-pocket engineering staking and inspection fees incurred by Developer for all trails installed outside of road right-of-ways. The plans and specifications for any such trails shall be approved by the City Engineer. In addition to the trails shown on the Concept Master Plan, Developer shall install an eight (8) foot trail along one side of Karsten Avenue and continued along one side of 53rd street to the easterly boundary of Center Oaks (at 53rd Street). A trail connection shall be provided from County Highway 118 on the east end of Town Home area B to the north into Center Oaks Phase 3 and/or 4. G. Developer shall provide the City with drainage easements over each pond into which storm water from any Phase will drain. Upon the granting of final plan approval for any given Phase, Developer shall provide said easements for the corresponding ponds into which storm water from said Phase will drain. All said easements shall be approved by the City Engineer and the City Attorney. H. Developer (or any successor owner(s)) of the lands designated as golf course land shall maintain all ponds located upon the golf course land. Said maintenance shall inc1ucie cleaning of ponds as necessary to maintain good and proper drainage from the adjacent residential Phases which drain into said ponds. In the event Developer or said successor owner(s) fail to adequately maintain said ponds, the City shall have the right to perform said maintenance and the then owner of the golf course shall pay all costs incurred by the City in performing said maintenance. 1. All lots which are to remain non-buildable due to the presence of wetlands shall be deeded to the City by the Developer upon the granting of fmal plan approval for the Phase or Phases adjacent to said wetlands. 25 . , , , 20. Phased Development. The City may refuse to approve fmal plans of subsequent Phases until public improvements for all prior Phases have been satisfactorily completed. Developer shall enter into a supplemental contract for each Phase addressing the particular aspects of said Phase not specifically addressed in this agreement, including the amount of surety to be posted, the amount of park dedication funds to be paid to the City, the timing of installation of Municipal Improvements and on- and off-site improvements, thepayment of Trunk Line Fees and Lift Station fees, and other such items deemed necessaryby the City Council or required by ordinance. In the event that Developer breaches any of the terms of this agreement or any supplemental contracts referred to in this paragraph, the City shall have the right to deny approval of any subsequent Phases until such breach has been cured. 21. Indemnity. Developer shall hold the City and its officers and employees harmless from claims made by Developer and third parties for damages sustained or costs incurred resulting from Said Plan approval and development. The Developer shall indemnify the City and its officers and employees for all costs, damages or expenses which the City may payor incur in consequence of such claims, including attorney's fees. Third parties shall have no recourse against the City under this contract. 22. Assignment of Contract. The obligations of the Developer under this Contract cannot be assigned without the express written consent of the City Council through Council resolution. 23. Professional Fees. The Developer will pay all reasonable professional fees incurred by the City as a result of City efforts to enforce the terms of this Agreement. Said fees include attorney's fees, engineer's fees, planner's fees, and any other professional fees incurred by the City in attempting to enforce the terms of this Agreement. The Developer will also pay all reasonable attorney's and professional fees incurred by the City in the event an action is brought upon a letter of credit or other surety furnished by the Developer as provided herein. 24. Notification Information. Any notices to the parties herein shall be in writing, delivered by hand (to the City Clerk for the City) or registered mail addressed as follows to the following parties: City of Albertville c/o City Clerk P.O. Box 9 Albertville, MN 55301 26 , ) Telephone: (612) 497-3384 Pilot Land Development Company, Inc. c/o Kent Roessler 13736 N.E. Johnson Street Ham Lake, MN 55304 Telephone: (612) 757-9816 25. Agreement Effect. This agreement shall be binding upon and extend to the representatives, heirs, successors and assigns of the parties hereto. CITY OF ALBERTVILLE, B u&) /lz~~~ .. ts lerk 27 L1 y Kent Roessler Its President By Its STATE OF MINNESOTA) ) ss. COUNTY OF WRIGHT ) The foregoing instrument was acknowledged before me this 27t( day of ~ ' 1998, by Mark Olson, as Mayor of the City of Albertville, a Minnesota municipal corporation, on behalf of the city and pursuant to the authority of the City Council. 7h-L/c~, Notary Public STATE OF MINNESOTA) ) ss. COUNTYOFWRIGHT ) ~ foregoing instrument was acknowledged before me iliis ::< 7d day of F: , 1998, by Linda Houghton, as Clerk of the City of Albertville, a Minnesota municipal corporation, on behalf of the city and pursuant to the authority of the City Council. MICHAEL C. COllRI ftOTARY PUBUG-MINNESOTA HENNEPIN COUNTY My Commission Expires Jan. 31. 2000 " ~~Y',> ~CL Notary Public 28 ,,1 STATE OF MINNESOTA) ) ss. COUNTYOFWRIGHT ) The foregoing instrument was acknowledged before me this c?f7-1-/I day of :t:~ ~ ' 1998, by Kent Roessler, as President of Pilot Land Development Company, Inc. --:J ~~/ ~. Notary Public STATE OF MINNESOTA) ) ss. COUNTY OF WRIGHT ) ~ 1)1e foregoing instrument w~w~ore me this cf1 ./'''H day of ~~7 ' 1998, by - '-'l/ of Pilot Land Development Company, Inc_ - - - '-:? _,_ ~-;J b.4;&/~--- ('-::z--z~ Notary Public fA) PATRICIA PRATT ~ NOTARY PUBUC - MINNESOTA _ My Comm. Exp. Jan. 31.2000 DRAFTED BY: Radzwill & Couri Law Office P.O. Box 369 705 Central A venue East St. Michael, MN 55376 (612)497-1930 29 Cedar Creek North The West Half of the Southwest Quarter of Section 35, Township 121, Range 24, Wright County, Minnesota, except therefrom the following described tract: Commencing at the northwest corner of said South Half of the West half of the Southwest Quarter; thence south along the west line thereof 208.75 feet to the point of beginning of the parcel to be described herein; thence continue south along said west line 208.75 feet to a point; thence east at right angles 208.75 feet to a point; thence north parallel to the west line of said South Half of West Half 208.75 feet to a point; thence west to the point of beginning. Cedar Creek South The Northwest Quarter of Section 2, Township 120, Range 24, Wright County, Minnesota, except therefrom that part lying southwesterly of the centerline of Wright County Highway Number 118. Schumacher That part of the East Half of the Northeast Quarter of Section 3, Township 120, Range 24, Wright County, Minnesota that lies northeasterly of the centerline of Wright County Highway Number 118. Welter The Northeast Quarter of the Southwest Quarter, except that part lying southwesterly of the centerline of Wright County Highway Number 118. That part of the Southeast Quarter of the Southwest Quarter lying northeasterly of the centerline of Wright County Highway Number 118. That part of the Southwest Quarter of the Southeast Quarter lying northeasterly of the centerline of Wright County Highway 118 and west of the centerline of County Ditch Number 9, all in Section 2, Township 120, Range 24, Wright County, Minnesota. Center Oaks Outlot C, Center Oaks, according to the plat thereof on file and of record in the office of the County Recorder, Wright County, Minnesota. The above described parcels containing 331.42 acres. ~ ~ q: -^. ~ ~ ffi i ~ Iii I!!I :I! . 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