2002-03-12 Draft DA
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~,,A,~Ti3 DE~tELUPMEN~' CC~MYANY
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RE:
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X3736 JohnsG%1 Street IVE =Ham Lake, MN 55304 7.77-~Q~X ~ ?b3.757.4Q~
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cedar Creek South Fifth Addition
TgIIS A(~.EEMFNT, entered into this day of . Zf}02 b~? and
pilot Laud Develogmemt Coauy, Taac,, refen'ed to herein as "Developer", amd the
CITY OF A~.BER'fVII,LE, County of Wright, State of lesota, h r zersed to as
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WAS, the City h6~5 given preliminACy apgro~+al of L?eveYoper"s ~~velopat~ettC
Stage plan of Cedar Creek South Fifth Addition contingent upon compliance with.
require~e incla~n, but not limited to, m~att~rs set farda here~.tt; artd
~ytl~.~~Ar; the City inquires that cer~in public improvements including, but nit
limited to, ~, saxutarg~ sew.`, rn~micigal water, storm sewer and streets (hereafter
"Niuuicipal t~pxovexnents"~ be installed to serve the Subject Property end, , to be
financed by T]evelaper;
.kEAS, the City furfih~ r~uires that certain. on- and oil site imgiravements be
bcstalled by the Developer within the Subject Property, which improvements consist of
boulevards, trsg soil and sod, control per lot; bitamiiious csr concrete drxve'+~ays,
parlririg Iot, drainage swam, street signs, street clemaug during project
~,~~ • d
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any eorsflicta~g issues within Cedar Crer~c South. Fifth Additacm, but suy such
' shall not alter the teams Qf ~e Master' A~reelnent as they apply ~ other
a41W eacistit~ oI to be platted ~ '~,~ ~, rvi#hin the ~ laztd ate
snbjeet to t}~e Masker Ag~re~nent.
S. surety Rea~uir~ents,
~:~°~
A. Develop` wi-~t pz`crvide the City with an irrerrocable letter mf credit (or other
s~ as appxovet3 by the City AttamcY) es sccntity that the abli 'ons aftlae
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~~~~:at ~±e~•~~°~~w
~. The City may draw ova said letter of credit or surety to complete v~oxJ~ aa~at
p~axmed by Devveloper including but not limited mo an~ and aff--site
improvements, Io~iitmicipal Improvements described above, erasian central,
and ether sr~ch measures), to pay liems an p~P~3'to be dedicated to the pity,
to reimburse itself for casts incuured in the drafting, execution, adncinisttian
ar enforceYnent of fliis Agreemeirt, to repaiu ar caxarect deficiencies or outer
puroblems whXah aocur to the Municipal Improvements dtg the warty
pexiad, ax to othea~ise £ulSll the obligations of Developer ur this
agreement, including the park dedicatian obliga~.acas desc~riibad is this
A e~'it.
D. In the event that any cash, irrevoc aI}le lets of credit" car other surety referred
to herein is ever utilised and fauud to ~ defxcieut ~ to pay or
reimburse the City in tcatal as required herein, the Devellapex ~~reee that scan.
ba~lcd by the City, Developer will pay within t3airty (3 ~}~ days a~ the
mailing of said baling, tree said deficient auzauat. Zf there should be
average ixt the ~tnauat afntili~ed security, the ' will, upaaa rct said
detennmatian, refactd to the Developer any monies which the City has in its
pasaessian. which acre in excess of the actual costs of the pra,~ect as paid by the
City.
E. De~laper hereby agt,~s ha allo~r the City to specially assess open's
property for any cad all casts incurred by the City in et~farcing any ofthe
terms ofthie agreement should Developer's letter of credit or sttxcty pra~re
4
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i, ~ aaoth~ acceptable letter of cs+edit nr suety is 'shed to the
City to replace a prior letter of ereclit m ~.
iii. ~,s to all .requests braught tinder this paragraph B, City Cauncil
shall have carnrplete discretion wh~her to reduce or not to reduce said
letter of credit ar surety,
~. `l'lae costs in~rxed by the City is pa~cacessamg any reducticru. xequest shall be
ladled to the Developer anal paid to dte City dvithiit. ~~a) days of billing
~. Erasinn and ~llt~tlon Cdatrol. Before any gradaing is started can any site, all exosion
ccurtroi meastu~s as shown on ap~oved erosi~. control plea shall ba strictly
complied with. as set fvtt-h in tbre a~kached Exhibit B. I~eveloger al,sa ztasstall all
erosi®~. control measures deemed necessary by ~e City Engineer should flee erosion
control platy grave itaadequate ~ any respect.
~. ~itcla ~leandn~. Devel®pes' shall comply with all req~tisemen~ set £vrth far draitaage
iota stay county ditch or ether ditch tlaro~t~.a. which water from. Sula~ect may
drain, attd shah eke any necess~mry itnproveanents or go through az~y
pt'ocedures ~ ensure cotnpliaztce d-rith any legally enforceable £edet~al, co~aniy ar
city recptixemeaats, ail at L}eveluper's ea~rense, The City m.ay elect #o (but shall aot be
5
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t~~ refired to I3ev~laper expenses incurred by Developer for ~nach~e
time spent cleaning tl~ di~eh beya~t the boundaries of Said Plat
10. Nrnceldan s.
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H. 1]eveloper shall wee that alb a~vv ~~a~ptings as rewired by Exhibit ~
survive for two full years frznn the time the planting h~ been cotletcd ox w~l
be repla.~eri at the expense of t3~e beveloper.
11.
I. T~evcloper sl~ll install strcet Ixglnts at fkveloper's expense of the type and in
1c~ca#%ons as approved b5'the City Engineer.
~edieafions to the pity.
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