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2004-08-02 Development Agreement ~/J~ CITY OF ALBERTVILLE PLANNED~TDEVELOPMENTAGREEMENT TOWNE LAKES 5TH ADDITION THIS AGREEMENT, entered into this ~ day of ..LkaAl a ,2004 by and between Contractor Property Developers Company, colle~ed to herein as "Developer"; 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 the real property described in Exhibit A, attached hereto and incorporated herein by reference, which real property is proposed to be subdivided and platted for development and which real property is subject to the provisions of this Agreement; and WHEREAS, Developer is proposing to subdivide a portion of the Development into 60 single-family and detached townhome residential lots. Said subdivision, which is to be governed by this Agreement, is intended to bear the name "Towne Lakes 5th Addition" and shall hereinafter be referred to in its entirety as "Said Plat" or "Subject Property"; and WHEREAS, the City has given final approval of Developer's plat of Towne Lakes 5th Addition (attached as Exhibit F) 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 bituminous street, sidewalk, trai1(s), curb and gutter, grading, sanitary sewer, municipal water, storm sewer and drainage ponds (hereafter "Municipal Improvements") be installed to serve the Development and other properties affected by the development of Developer's land, to be installed and financed by Developer; and 1 WHEREAS, the City further requires that certain on- and off-site improvements be installed by the Developer within Said Plat, which improvements consist of boulevards, top soil and sod, grading control per lot, bituminous or concrete driveways, parking lot, drainage swales, benning, street signs, street lights, street cleanup during project development, erosion control, landscaping, 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 covenants of the parties concerning the Development of said Plat and the conditions imposed thereon; and WHEREAS, the City and Developer have previously entered into a Developer's Agreement titled "City of Albertville Master Planned Unit Development Agreement Towne Lakes Third Addition" ("Master Agreement") under which the City granted concept plan approval to the plan for the area covered by said Master Agreement; and WHEREAS, the City and Developer desire to supplement the Master Agreement with the site specific details applicable to Towne Lakes 5th Addition, as evidenced by the execution of this Agreement; and WHEREAS, the City and Developer desire to have this Agreement and the Master Agreement read together as if the entire Master Agreement were recited herein; NOW, THEREFORE, IT IS HEREBY AND HEREIN MUTUALLY AGREED, in consideration of each party's promises and considerations herein set forth, as follows: 1. Concept Plan Master Ae:reement. A. That certain Developer's Agreement entitled "City of Albertville Planned Unit Development Agreement Towne Lakes Third Addition" ("Master Agreement") between Contractor Property Developers Company and the City of Albertville, dated October 3, 2003 and recorded in the Wright County Recorder's Office as document number 894487 along with any recorded amendments is hereby incorporated herein the same as if the text of said Agreement were contained within this document. 2 B. It is the intent of the parties that this Developer's Agreement ("Developer's Agreement") supplement the Master Agreement as to the specific development issues related to Towne Lakes 5th Addition, and that these two documents be read together to determine the rights and obligations of the parties with respect to the property contained within the Towne Lakes 5th Addition. In the event of a conflict between the terms of the Master Agreement and this Developer's Agreement, the terms of this Developer's Agreement shall control with respect to any conflicting issues within Towne Lakes 5th Addition, but any such conflicts shall not alter the terms of the Master Agreement as they apply to other plats, now existing or to be platted in the future, within the remaining land area subject to the Master Agreement. 2. Planned Unit Development. The Development is hereby allowed to be developed as a Planned Unit Development with flexibility from the strict requirements of the City's Shoreline Regulations and Zoning Ordinance in relation to selected items detailed in this paragraph. A. Developer and the City recognize that setbacks within the Development will vary depending on housing type to be constructed. However, Developer agrees that setbacks shall be consistent with the templates provided by Developer, which are attached hereto as Exhibit B. B. All lots within the plat shall be subject to the Master Homeowners' Association as currently established for Towne Lakes and Towne Lakes 2nd Additions. The Developer shall file covenant documents subjecting all lots within the plat to the terms and conditions of the Master Homeowners' Association subject to review and approval by the City Attorney, which shall be recorded on the property records of the lots. C. Trees, shrubs, berms and screening are to be planted and installed as shown on the landscape plan attached as Exhibit C. The Developer shall guarantee that all new trees shall survive for two full years from the planting has been completed or will be replaced at the expense of the Developer. The landscaping corresponding to each building shall be installed within 30 days after the issuance of a certificate of occupancy. D. Developer shall replace, at its own expense, any plantings as shown on attached Exhibit C that might be damaged during the construction of any future phases of the development. Developer shall guarantee that all plantings replaced pursuant to this paragraph shall survive for two full years from the date of planting. 3 E. The Developer shall file deed restrictions with the Wright County Recorder of Deeds for all lots adjacent to or containing wetlands or storm water ponds indicating that no structures can be built within 30 feet of wetlands. All such deed restrictions shall be subject to the approval of the City Attorney. F. Other Use Restrictions. On all lots within 30 feet of any wetland, the native vegetation within said 30 feet of the wetland shall not be fertilized or mowed or otherwise disturbed. On all lots within 30 feet of any wetland, no structure, including, but not limited to, outbuildings or accessory buildings, fence, planting or other material shall be placed or permitted to remain which may damage or interfere with the installation and maintenance of utilities, or which may change the direction of flow or drainage channels in the easements, or which may obstruct or retard the flow of water through drainage channels in the easements. The easement area of each Lot including all improvements in it, shall be maintained continuously by the Owner of the Lot, except for those improvements for which a public authority or utility company is responsible. No Owner or other person shall apply any phosphorus- based fertilizers or herbicides within fifty (50) feet of any wetland or lake. G. Prior to the sale of any lot(s) within the Development, Developer shall provide the City with a copy of the sales literature identifying the required thirty (30) foot wetland setback building restrictions, the location of all future parks within the Development, and the location of all present and future sidewalks, trails and easements. Developer agrees that the aforementioned sales literature will be distributed to all potential lot buyers within the Development prior to the sale of any of said lots by Developer. H. Developer shall, at its own expense, construct trails in the locations as shown in the attached Exhibit D at the time of road construction. 3. Construction of Municipal Improvements. A. The Developer shall construct those Municipal Improvements located on and off Said Plat as detailed in the Plans and Specifications for Towne Lakes 5th Addition, as prepared by Westwood Professional Services dated June 11, 2004 and on file with the City Clerk, said improvements to include installation of bituminous street, curb and gutter, sidewalks, water mains, sanitary and storm sewers, storm water 4 ponding and site grading, and trails. All such improvements shall be constructed according to the standards adopted by the City, along with all items required by the City Engineer. Unless the City Engineer specifies a later date, said improvements shall be installed by October 31, 2004, with the wear course of bituminous pavement to be installed after June 1,2005, but before August 31,2005. B. The Developer warrants 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 improvements on Said Plat. 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. D. The City shall, at its option, have the City Engineer present on Said Plat 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. 4. Construction of On- and Off-Site Improvements. A. Developer shall construct all on- and off-site improvements including installation of paved streets, curb and gutter, boulevards, street signs, traffic signs, yard top soil, sod and seed in all yards, landscaping, grading control per lot, bituminous or concrete driveways and parking lots, drainage swales, berming, and like items as necessary, street cleanup during project development, and erosion control, all as required by City ordinance. Front, side and portions of the back yards of residential lots shall be sodded in accordance with the Residential Development Standards as on file with the City Administrator's Office. Those portions of the yards not required to be sodded may be seeded with grass seed or sodded. In all cases permanent turf or grass must be established over all areas of the lot not covered by a hard or impervious surface. The Developer shall guarantee that all new 5 plantings shall survive for two full years from the time the planting has been completed or will be replaced at the expense of the Developer. Said on- and off-site improvements shall be installed no later than October 31, 2006, with the exception of erosion control, drainage swales and berming, which shall be installed upon initial grading of Said Plat, and except that the driveways and sod need not be installed in a lot until that lot is developed (provided adequate ground cover has been established prior to the development of such lot). B. Developer shall, at its own expense, cause the following items to be installed within the development, all such items to be installed under ground, within the street right of way or such other location as may be approved by the City Engineer, accessible to all lots and in compliance with all applicable state and local regulations: 1. Electrical power supply, to be provided by Xcel Energy or other such carrier; 11. Natural gas supply, to be provided by Reliant Energy or other such carrier; 111. Telephone service, to be provided by SprintJUnited Telephone Company or other such carrier; IV. Cable TV service, to be provided by a local carrier; In addition, the Developer shall, at its own expense, cause streetlights 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. The Developer shall be responsible for streetlight operational expense until such time as the City accepts the Municipal Improvements. C. 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. As an alternative to installing silt fencing in back of all 6 curbing as required by this subparagraph, Developer may, at its expense, install sod no less than three feet in width in back of all curbing, provided that if, in the judgment of the City Engineer, the installation of silt fencing in one or more places is needed, the Developer shall install such silt fencing at its expense upon request by the City Engineer. D. Notwithstanding the requirements of subparagraphs 2C and 4A above and except as otherwise provided in this Agreement, the Developer shall install to the City's satisfaction improvements for each lot or parcel prior to 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 1 st and before March 30th in any given year, in which case a certificate of occupancy shall be issued with the requirement that the Developer be required to install said on-and off-site items for such lot by the following June 30th. E. Developer shall install storm water retention/water quality ponds and basins upon the Development as shown on the Grading, Drainage and Erosion Control Plan attached as Exhibit E. Said ponds and basins shall be dedicated to the City, and Developer shall provide the City with perpetual drainage easements over such ponds. Said retention ponds and basins shall be installed prior to the installation of utilities. 5. Intended Use of Subdivision Lots. A. It is the Developer's and City's intent that a total of 61 single family and detached town home residential units be constructed on the 60 residentially zoned lots being final platted as numbered lots and blocks in said Plat, with one dwelling unit per numbered lot, except Lot 14, Block 4 on which a two-family attached dwelling may be constructed, provided the City Council first approves the site plan for such two family attached dwelling prior to its construction. Developer agrees that it shall not construct any dwelling units other than the above referenced dwelling units on the land in said Plat. 6. Surety Requirements. A. Developer will 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 of $1,392,861.45 7 representing the sum of 100% of the estimated cost of the Municipal Improvements ($1,133,068.45),50% of the on and off-site improvements ($36,000.00), and 150% of the estimated cost for landscaping/screening materials ($223,792.00). Said letter of credit or surety must meet the approval of the City attorney as to form and issuing bank. B. 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), 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. C. 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 overage 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. D. Developer hereby agrees to allow the City to specially assess Developer's 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. E. That portion of said cash, irrevocable letter of credit or other surety with respect to the performance of Site Improvements shall be released upon certification of the City Engineer and approval of the City Council that all such items are satisfactorily completed pursuant to this Agreement. F. 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 8 are paid or satisfied, 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 original letter of credit. If a new letter of credit is not received as required above, the City may without notice to Developer 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 any irrevocable letter of credit or other surety must be approved by the City Attorney prior to its issuance. 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, 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 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. Developer may substitute a warranty bond acceptable to the City Attorney for the warranty letter of credit in the same amounts and duration as required for the warranty letter of credit. 9 111. As to all requests brought under this paragraph, 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. Abandonment of Proiect - Costs and Expenses. In the event Developer should abandon the proposed development of the said Plat, 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 Development, 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 the Development to the point where undeveloped grounds are level and covered with permanent vegetation sufficient to prevent continuing soil erosion from the Development and to facilitate mowing of the Development. In the event that said costs are not paid, the City may withdraw funds from the above- mentioned surety for the purpose of paying the costs referred to in this paragraph. 9. 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, enforcement or execution of this Agreement and the approval of the Development, 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 and/or assess the amount owed against any or all of the Development without objection. Developer has the right to request time sheets or work records to verify said billing prior to payment. 10 10. Sanitary Sewer and Water Trunk Line Fees. Developer agrees that the City's Sanitary Sewer Trunk Line Fee Ordinance and Water Trunk Line Fee Ordinance currently requires the Developer to pay $1,400.00 per acre and $1,200.00 per acre respectively, upon development of said Plat. There are 28.34 acres (which excludes Outlots A, D & E which shall be replatted at a later date) in said Plat, which received final plat approval. Therefore, the Sanitary Sewer and Water Trunk Line Fees for all property receiving final plat approval are $73,684.00 ($39,676.00 in sewer fees calculated as $1,400.00 x 28.34 acres and $34,008.00 in water fees calculated as $1,200.00 x 28.34 acres). Developer shall pay sanitary sewer and water trunk line fees on Outlots A, D and E at such time as these outlots are platted into numbered lots and blocks. 11. Erosion and Siltation Control. Before any grading is started on any site, all erosion control measures as shown on the approved Grading, Drainage and Erosion Control Plan contained in the City of Albertville Master Planned Unit Development Agreement Towne Lakes Third Addition shall be strictly complied with. Developer shall also install all erosion control measures deemed necessary by the City Engineer should the erosion control plan prove inadequate in any respect. 12. Ditch Cleanin!!. Developer shall comply with all requirements set forth for drainage into any county ditch or other ditch through which water from the Development 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. 13. Maintain Public Property Dama!!ed or Cluttered Durin!! 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 the Development. The Developer further agrees to pay all costs required to repair the streets, utility systems and other public property damaged or cluttered with debris when occurring as a direct or indirect result of the construction that takes place in the Development. 11 Developer agrees to clean the streets on a daily basis if required by the City. Developer further agrees that any damage to public property occurring as a result of construction activity on the Development will be repaired immediately if deemed to be an emergency by the City. Developer further agrees that any damage to public property as a result of construction activity on the Development will be repaired within 14 days if not deemed to be an emergency by the City. If Developer fails to so clean the streets or repair or maintain said public property, the City may immediately 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 within thirty (30) days, then the City may specially assess such costs against the lots within the Development and/or take necessary legal action to recover such costs and the Developer agrees that the City shall be entitled to attorney's fees incurred by the City as a result of such legal action. 14. Temporary Easement Rie:hts. Developer shall provide access to the Development at all reasonable times to the City or its representatives for purposes of inspection or to accomplish any necessary work pursuant to this Agreement. 15. 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 by a Court of competent jurisdiction, such decision shall not affect the validity of the remaining portion of this Contract. C. Ifbuilding 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. 12 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. 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. However, all continuing obligations under this Agreement shall remain binding upon the properties covered by this Agreement and their owners. Said continuing obligations include, but are not limited to, paragraphs 1,2,5,9, 15, 17, 18, 19,20,21,22,23, 24, 25 and 26 of this Agreement. F. The Developer represents to the City that the Development 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 Development does not comply, the City may, at its option, refuse to allow construction or development work in the plat until the Developer so complies. Upon the City's demand, the Developer shall cease work until there is compliance. G. Prior to the execution of this Agreement and prior to the start of any construction on the Development, Developer shall provide the City with evidence of good and marketable title to all of the Development. 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. H. Developer shall comply with all water, ponding and wetland related restrictions, if any, required by the Wright County Soil and Water Conservation District and/or the City and any applicable provisions of State or Federal law or regulations. 1. The Albertville City Council reserves the right to allocate wastewater treatment capacity in a manner it finds to be in the best interests of the public health, safety and welfare. Developer acknowledges and agrees 13 that the City is currently in the process of expanding its wastewater treatment plant capacity. Developer further acknowledges and agrees that delay in the availability of wastewater treatment plant capacity may occur for some lots located within the Development and that such delay in capacity availability may also delay the issuance of building permits for some lots within the Development. J. Developer shall not place any structure at an elevation such that the lowest grade opening is less than two feet above the highest known surface water level or ordinary high water level or less than one foot above the 100-year flood level of any adjacent water body or wetland. If sufficient data on high water levels is not available, the elevation of the line of permanent aquatic vegetation shall be used as the estimated high water elevation. When fill is required to meet this elevation, the fill shall be allowed to stabilize and construction shall not begin until the Building Inspector or a professional soils engineer has approved the property. K. Developer shall obtain all required driveway, utility and other permits as required by either the City Engineer, Wright County and/or the State of Minnesota. 16. Draw on Expirine 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 City Attorney prior to its issuance must approve the form of said irrevocable letter of credit. 17. Violation of Aereement. 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 such default is not cured within said thirty (30) day period, the City is hereby granted the right and the privilege to declare 14 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 complete some or all of the Developer's obligations under this Agreement, and 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. The City may also specially assess all said costs incurred upon default against the properties in the Development pursuant to the terms of this agreement. B. Notwithstanding the 30-day notice period provided for in paragraph 17(A) above, in the event that a default by Developer will reasonably result in irreparable harm to the environment or to public property, or result in an imminent and serious public safety hazard, the City may immediately exercise all remedies available to it under this agreement in an effort to prevent, reduce or otherwise mitigate such irreparable harm or safety hazard, provided that the City makes good-faith, reasonable efforts to notify the Developer as soon as is practicable of the default, the projected irreparable harm or safety hazard, and the intended actions of the City to remedy said harm. C. Paragraph 17 A of this section shall not apply to any acts or rights of the City under the preceding paragraph, 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 without waiving the City's right to draw upon the surety at a future time without notice to the Developer. D. Breach of any of the terms of this Contract by the Developer shall be grounds for denial of building permits. 18. Dedications to the City. A. Municipal Improvement Dedications. The Developer, upon presentation to the City of evidence of good and marketable title to the Development, and upon completion of all construction work and certification of completion by the City Engineer, shall dedicate all roads, road and trail right-of-ways, 15 sidewalks, curbs, drainage and utility easements, gutters, ponds, parks, sewers and water mains to the City. Upon acceptance of dedication, Developer shall provide to the City "As-Builts" of all sewers, water mains. Acceptance by City of any dedication shall occur upon passage of a resolution to such effect by the City Council. B. Park, Trail and Outlot Dedications. Pursuant to Section 17, Paragraph B of the Master Agreement Developer is required to dedicate to the City the park shown on Exhibit B to said Master Agreement including the construction and dedication of park improvements itemized on Exhibit P to said Master Agreement. Said park improvements as described on Exhibit P to the Master Agreement shall be installed at the sole expense of the Developer. Prior to construction of the park improvements, Developer shall submit to the City for approval a park plan identifying the design and location of the park improvements described in Section 1, Paragraph D and Exhibit P to the Master Agreement. The park improvements shall be constructed by the Developer consistent with the park improvement plan approved by the City and shall be completed no later than November 1,2005. The Developer shall dedicate all parks shown on said Plat to the City and shall deed Outlot C to the City via general warranty deed. B. Pond Dedication The Developer shall deed to the City Outlot B as shown on the final plat Towne Lakes 5th Addition. 19. Administrative Fee. A fee for City administration of this project shall be paid prior to the City executing the Plat and this Agreement. Said fee shall be three percent of the estimated construction costs of the Municipal Improvements within the Plat. The administrative fee for this Plat is $33,992.04. Seventy-five percent of this fee shall be paid upon issuance of the final Plat with the remaining twenty-five percent of the fee to be paid upon substantial completion of the Municipal Improvements. 20. Phased Development. As said Plat is a phase of a multi-phased preliminary plat, Developer agrees that the City may refuse to approve final plats of subsequent phases until public improvements for all prior phases have been satisfactorily completed. Development of subsequent phases may not proceed until the City approves Development Contracts for such phases. Approval of 16 this phase of the Development shall not be construed as approval of future phases nor shall approval of this phase bind the City to approve future Development phases. All future Development phases shall be governed by the Master Agreement, the City's Comprehensive Plan, Zoning ordinance, Subdivision ordinance, and other ordinan.ces in effect at the time such future Development phases are approved by the City. 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 the Development 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. Assb!nment of Contract. The obligations of the Developer under this Contract can be assigned by the Developer. However, the Developer shall not be released from its obligations under this contract without the express written consent of the City Council through Council resolution. 23. Limited Approval. Approval of this Agreement by the City Council in no way constitutes approval of anything other than that which is explicitly specified in this Agreement. 24. 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 attorneys 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. 25. Plans Attached as Exhibits. All plans attached to this Agreement as Exhibits are incorporated into this Agreement by reference as they appear. Unless otherwise specified in this agreement, Developer is bound by said plans and responsible for implementation of said plans as herein incorporated. 26. Inte1!ration Clause. Modification bv Written A1!reement Only. This Agreement represents the full and complete understanding of the parties and neither party is relying on any prior agreement or statement( s), whether oral or written. Modification of this Agreement may occur only if in writing and signed by a duly authorized agent of both parties. 17 27. 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 Telephone: (763) 497-3384 Contractor Property Developers Company Attn: Homer Tompkins, President 3030 Centre Pointe Drive, Suite 800 Roseville, MN 55113 Telephone: (651) 556-4550 Fax: (651) 566-4551 28. Ae:reement Effect. This Agreement shall be binding upon and extend to the representatives, heirs, successors and assigns of the parties hereto. CITY OF ALBERTVILLE, B;~J --0~~ =:J_ It's Mayor BY_\)~~'~ It' lerk CONTRACTOR PROPERTY DEVELOPERS COMPANY - J. Michael Waldo Its Vice President 18 STATE OF MINNESOTA) ) ss. COUNTY OF WRIGHT ) The oregoing instrument was acknowledged before me this ;2 J day of / , 2004, by Donald Peterson as Mayor of the City of Albertvi Ie, a innesota municipal corporation, on behalf of the city and pursuant to the authority of the City Council. G MICHAEL C. CQURI NOTARY PUBLIC - MINNESOTA ij._~~ My Comm. Exp. Jan. 31, 2005 ~C~ Notary Public STATE OF MINNESOTA) ) ss. COUNTY OF WRIGHT ) The foregoin instrument was acknowledged before me this 2-/ day of , 2004, by Bridget Miller, as Clerk of the City of Albertvil e, a innesota municipal corporation, on behalf of the city and pursuant to the authority of the City Council. YhJJ ( "== Notary Public STATE OF MINNESOTA) ) ss. COUNTY OF RAMSEY ) 19 The foregoing instrument was acknowledged before me this 29th day of July, 2004, by J. Michael Waldo, as Vice President of Contractor Property Developers Company. ~.lJi~:J Notary Public DRAFTED BY: Couri and MacArthur Law Office P.O. Box 369 705 Central Avenue East St. Michael, MN 55376 (763) 497-1930 ..0';;', i\NGELA KAY BELLANGER i ,NOTARY PUBLIC. MINNESOTA .\ i VlY COMMISSION EXPIRES 0.;:..... ,:;/ JANUARY 31, 2005 11lI""'4':-'~ 20 EXHIBIT A TO DEVELOPER'S AGREEMENT The legal description of the Plat to which this Developer's Agreement applies is as follows: Lots 1-3, Block 1 Lots 1-3, Block 2 Lots 1-3, Block 3 Lots 1-24, Block 4 Lots 1-15, Block 5 Lots 1-5, Block 6 Lots 1-7, Block 7 Outlot A OutlotB Outlot C Outlot D Outlot E Park All said property is located in Towne Lakes 5th Addition, City of Albertville, County of Wright, State of Minnesota. 21 '"J:: - ~ ~ - (";; - - - - - - ... - ~ 'J; 2- :-> 'Z; - EXHIBIT '00# ... (";; ~, ~ :.;: ; ~ (';) I"': ;;; .D - >z .D B ~ 2- s ... ~ ....; '''-': ~ " - '" - r': '" ~ ~ iiU ";:;; j 0 ""Z?c.. ~~ ~ ~ '" .,'3 o' ~ '!:. - '" '" ~. .~ Jill .:.t1... '.' Ii ~~ ---- '-', .' ~ ; ~~ (: - ~ 0 "" ~ ,...- o~ :~ =~ -::::<'0 "" "" ~~ ~ ~ 0 ? ~ 0- - =' '" (t <' I""- '" ... ";; 2s::_ ;:;;' ~ rc ~~ "'~ - - ;; ~ rc ~ ..... 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'" ~,~~,~~ I ) ~ :] f 14~' ':/j ~p - .~~ ~,/~Q I' 'I~LL. .~,II.~ ,/ .a ~ .' #-~. -, ~ I ~, ~ ".-\;"-, [. [ , I,' I ~I;;I / ( , III..'U 1 /zJ, ir--",,/^,..{ ~! ~I ~ 1" i j . I ~ 'tl'::," · I , ""---!'-""~P 1'~ l I [[~ " ". ~~ ~m;m.l! JF""~V^ j . I " Ii ,.-- ;~"jll~_-Ci ~'i."-1';/V~~'0Z~0~~_; ~ r:j2l ~*(' m , I I i/' I~I ~ il '""<J A'~ [iJ "'\ Co) I~ "-t ~ , -=, '" 'vP, "'~~/.." I "i ~I I ii J?"1 . \ , r'~~l " 'i , ,.. '/h 'iH, ~'v"'-."'*;;:~~i;... df ~ ' j/! .z. - . ",-/''''; .., ~., ;e;; '. 'I' '/, ~ "-\ ~ : v...lj ~~\ :~" ?y# AI; -, /. "., If 1 ", \N '/ , I '% '" . If \\) ~\ {~II" ~-I--;,'",. "! i; _ !i \r~~ < ""- - Ii, I i --~, :, ,'I' I " ii" ,,>, . . i7"" i ~ :0- / ') IIi: I' , "" ':.. , A---.. >"/'-,(,;, ,. ,t i I I :a.~...1.L~~ ----,-L _] 1 ><1 ". . ~ ~ J Tl f I ~ ,: <, ~~ c, i ~'&; ~~ f~~ 8. I -~~ I ~. ~ 8 ~ ~ ~ &. [ I r &: :IS i EXHIBIT I ~~I~ ~ ~$Ig ~ ![ ~! ~~ ~! ~~ ~~. ~~ "'] a>", 0 '! D-l l , ~ ~ 1-~'''' ~ f ~ ~fi ~.~ ~, i ~ l ~~j I:;'; I [, i~ , ::'i l~ ~' F: Ii it r I. 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EXHIBIT = :0 J:) :9 D-2 -- -\ I i~ ~~ ~i '" g; II o. ~K ::a '" ~ ~~ ~~ ~~ c ~ ", , ~ l l f ~ ~ ~~ ~ ~ ~~ ~ ~ ~.. :tI g ~~ ~: I '" >> .~ 87 rTl ! ~fU ~8 ~~ g:.., ~ F "\ ( I i rv ~ ........ rv rv w w rv rv ----"" i I I ! i I I I I r------~ I I II T f--I- ./ r I J- ........ w ~-----------~-~-~----_."._--~~ I I I I ! ~ ~ 01 ,- --=====--==---===--------- 1 . ~~ ~ ---::.::- !- -- - I I I I I (j) ........ (0 ........, 00: , -.j L-__ ! !~==----_1 ........ ' '-l! (j) '-l --------- ----~______ J ____________ -1 ---- ; ! EXHIBIT :; D D J9 D-3 i---_ (0 -~I I ,<:Wi.:R ~EN\ln:S ?ROP<;lSW sm~.. ~""Ii J(NC=FU1t,llf '>TOIl"!.<""'_~ i)(NClT!;,SU/Sn......rnrrl'''c. ::<-~Olts -"P""O_"TE 7'~U ~(l,OOVAi. :.i""rs OENO,U (l,O(!>{',(Hcv (NERFlCIW <crVAllO/l OE,~Cn:. (:X;')TlNG SPOI D.I:VA'::OJ< .,; '"FN,f>AI NOTF<; . ~G.. ?RCPaS<:;) G...---V~I;O>!S AJl[ ~CD ~~ 4l..llEP~ l!l&'1 . ~~~~~C<J~~..o >>'01 !llVAMNS AR<: 2<C'O!; m P.NlSHED Sl.lOlfACE/(;i)ITT.:R GllAllES UNU:SS . =u> 7!) m( ",,.Al PlAT OR Sl7E: p\.Atl mil CURRDH HOIlIlON11\1. Sin: D'WQ<SO!'<S ,o.t<t lj."',,:.JT . T~E -:Q!<TI'....C"OR ,",M.I. ',uIf"Y 'l\<E lOC...llON ,>.NO o..cvPtOll 0< t-"(ISll~C ~'r>L;f'lrs M<() "O?OC/l_C.>.lI"E...r,''''[S''''>;;n<.EClW'Lqs''''-'O..,C!J~'I'!:..ll'''P,.,~rocONS1>lUC'11ON "HE CONTl'.AC1~ ~A.:.L _ro...'ur >;Cllf"Y ThE OlGl"a~ OF mY DlSOlO'.....C(S OR VJ.RIATIONS . ?'JBG' STIl~ USl:~ 'OR ;UlJI..iM(; SH~LL 8e Xf?1 F<ra ':-F SC<L MID CEBft5. STi'(!:T ,,'..u:~;_~~ SH~U. BE ~ONc.;R~E.~T "l"'~ URTt<WOfll< 'eN 5ITL ,'( ~ . T':"PCR.o.R~ SEEO'>!;; fUlI1LlI'IG, ..N.) ~\"CHIN(l ",,,ST 8E .~P"'.!ID '.o1T1<IN ,. D."5 .~r ;OCCH GR~or~c VNl.[5S """K IS '0 OC "EIlrORtot(~ ',","'N SC ~...~ a GR.o.D<NC CCloU'o..<-llC"" . ~~EA 1G 8E :;laCED ~ 2~ 911 "c. . :Q'.~ ';iT!; .4.RE:.~ _ n,: M:. ,~.. '..~estw.o<l. d Profe5si,mal Sl!rvice5, :nc ., .~:; :.;~"::.~';',;" "'.OO..}"OJ'lP_I:\Of.,., ""'''',">l I~ I--=~~-=~;~~=~~~~ I ~,;~~ Contractor Prope.'"ty Developers Company :)ll3(l c-.r. ~O'W On?. 5<1110 IlOO ~U._Mltln_,SljJ Towne Lakes 5th Addition Overall Grading. &: Erosion Plan EXHIBIT J s E