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1990-09-27 PUD & Subdivision DA .. , (' (I PLANNED UNIT DEVELOPMENT AND SUBDIVISION DEVELOPER'S AGREEMENT PARK'S EDGE THIS AGREEMENT, entered into th'is -<7'{~ day of -fir/1'1'n6/1" 1990 by and between Albertville Industrial 'Development Co., r ferred to herein as "Developer" and the CITY OF ALBERTVILLE, in the County bf 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 which parcel or parcels of land are proposed to be rezoned to a Planned Unit Development District (PUD) and developed as a nine lot single family subdivision in the City, and which subdivision is intended to bear the name "Park's Edge" and may sometimes hereinafter be referred to as the "subject property" or "said plat"; and WHEREAS, the City ha's given final approval of Developer's plat of Park's Edge 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, which are herein referred to as "Petition Items" including, but not limited to, santtary sewer, water, storm sewer and streets be installed to serve the subject property and other properties affected by the development of Developer's land, all at the expense of Developer; and WHEREAS, the City further requires that certain on and off- site improvements be installed ,by the. Developer, within the subject property, which improvements typically consist of boulevard sod, bituminous or concrete driveway approaches, drainage swales, berming street signs, and front yard trees and like items and which improvements to the su~ject property shall be referred to herein as "escrow items"~ and WHEREAS, this Agreement is entered into for the p'urpose of setting forth and materializing for the parties and subsequent owners the understandings and agreements of the parties concerning the development of the subject properties; NOW THEREFORE, IT IS HEREBY AND HEREIN MUTUALLY AGREED, in consideration of each party's promise and considerations herein set forth, as follows: WCR . .. '. " . ' c c 1. Conditions of Plat and PUD Approval. The city hereby approves the plat and rezoning to Planned Unit Development District on condition that the Developer enter into and comply with this Contract and furnish the security required by it. A copy of this Agreement shall be recorded in the appropriate county office simultaneous with the filing of the plat. Conditions of plat and PUD approval include: A. The maintenance of 25 foot front yard setbacks upon . Lots 7-9; B. The construction of single family homes in a manner in which attached garages are setback to the furthest extent possible with building design on Lots 7-9 being subject to approval of the City Building Official; C. No driveways shall be permitted to access Barthel Industrial Drive; D. The Developer shall provide both berming and coniferous tree plantings along the subdivision's eastern border within the Barthel Drive right-of-way per approved landscaping plans. The said landscaping shall be maintained by adjacent property owners and shall not be modified unless approved by the City Council. E. A walk path shall be dedicated between the cul-de-sac turnaround and the City park to the south. 2. Effect of Approval. Notwithstanding anything in this Contract to the contrary, to the full extent permitted by state law, the City may require compliance with any amendments to the City's Comprehensive Plan, zoning, platting or dedication requirements enacted after the date of this Contract. 3. Development Plans/Exhibits. The plat and PUD shall be accomplished in accordance with the following plans and/or exhibits. The project and plat plans shall be attached to this Contract in reduced 8-1/2" x 11" format and large scale copies of the same shall be on file with the City. Where there is a conflict between the two sets of plans and documents, those attached to this agreement shall prevail. With the exception of Exhibit B, the plans may be prepared, subject to City approval, after entering the Contract, but shall be filed with and must be approved by the City before recording of the plat or commencement of any work in the plat. . 2 WCA ~_'~;'."''''''~'';'<4' .:.,:1> ...~..~'''m ... ...._ ...;...W~:..:'-..._, _, .... _~ . ,., ..'.,';;(..-...... ( c If the plans vary from the written terms of this Contract, the written terms shall control. The exhibits are: Exhibit A - Subject Property Legal Description Plat prepared by Meyer-Rohlin, Inc., dated June 21, 1990. Plans and specifications for public improvements, prepared by Meyer-Rohlin, Inc., dated August.22, 1990. Grading and Drainage Plan, prepared by Meyer Rohlin, Inc., dated June 21, 1990. Exhibit B - Exhibit C - Exhibit D - Exhibit E - Landscape Plan, Meyer - Roh1ine, Inc., ,~October 1, 1990. Petition and Escrow Items prepared by dated Exhibit F Exhibit G - Debt Service Schedule 4. Public Improvements. The Developer shall install and pay for the following: A. Storm Sewer and Storage B. Street Pavement, Concrete Curb and Gutter C. Sanitary Sewer Lines and Connection D. Public Water Service Lines and Connection E. Hard Surfaced Pedestrian Pathway for Park Access These improvements shall be installed in accordance with City standards, ordinances and plans and specifications approved by the City Engineer which have been prepared at Developer's expense by a competent registered professional engineer. Developer shall obtain and deliver to the City all necessary permits before proceeding with construction. The Developer shall instruct its engineer to provide adequate field inspection personnel to assure an acceptable level of quality control to the extent that the Developer's engineer will ,be able to certify that; the construction work meets the approved City standards as a condition of City acceptance. In addition, the City may, at the City's discretion and at the Developer's expense, have one or more City inspectors and a soil engineer inspect the work on a full or part-time basis. The Developer or his engineer shall schedule a preconstruct ion meeting at a mutually agreeable time at the City Council Chambers with all parties concerned, including the City staff, to review the program for the construction work. Within thirty (30) days after the completion 3 WeR , . . . .;' ( c ( of the improvements and before the security is released, the Developer shall supply the City with a complete set of repropucible "as-built" drawings. 5. Private Improvements. The Developer shall install, in accordance City ordinances and standards, and pay for the following: A. B. C. D. E. F. G. Site Grading and Erosion Control Surveying and Staking Setting of Lot and Block Monuments Gas, Electric and Phone Utilities Street Lights Street Signs Eastern Border Landscaping All improvements shall be subject to applicable City codes and inspections. Developer shall not perform any site grading other than that required for construction of utilities and roads, but any successor to the Developer who applies for a building permit shall submit a plan for site grading, in accordance with City standards then in effect. 6. Petition for Improvements (Petition Items). Developer herein petitions the City to construct as part of the City's Improvement Project(s) 1990-1 and/or other City project deemed appropriate by the City the improvements referred to in Exhibit C and described therein in very generalized language as Petition Items. Said Exhibit C is attached hereto and incorporated herein by reference as though fully set forth. 4 WCR ;... (- ( 9. Petition Items - Surety. It is anticipated that of City's debt service each year during the stated assessment period for the installation of the Petition Items as shown in Exhibit C, the portion of which benefits the subject property will require an estimated payment(s) from the City to its bond holders amounts as indicated on Exhibit G attached hereto. It is intended that D~veloper shall make sufficient payments of said special assessments that the City's cash flow will be unaffected by said improvement project(s). Developer herein agrees that said Developer will actually pay sufficient amounts of said special assessments each year, if not already paid in prior year, for properties lying within said plat to enable the City to pay the required debt service payment shown on Exhibit G when due. To determine the actual amount, as opposed to the'estimated amount, to be paid by the Developer, the principal amount shall be added to the interest amount, for the subject improvement project(s) as shown on the tax statements for lots lying within said plat, less credit for pre-payments made thereof. Any deficiencies in the amount paid by the Developer for special assessments causing a shortage of funds with which the City may timely pay the required debt service payment(s) shall be supplemented with funds withdrawn by the City from the Developer'S approved letter of credit or other surety furnished to the City. Any of said surety or guaranty of funds referred to herein that are withdrawn will be used by the City for payment of its herein referred debt service payment when due. upon the Developer paying the delinquent special assessments; the City will repay to the surety, to the extent that the delinquent special assessments have been paid, the surety monies withdrawn, less any costs incurred by the City in conjunction with the said delinquent special assessments. The Developer shall provide the City with cash, approved letter of credit or other satisfactory surety in the amount of 30 percent of the estimated cost of Petition Item improvements which are to be constructed as part of Project(s) 1990-1. The Developer's cash, bond, letter of credit or other surety shall thus be in the amount of $28,500.00, calculated as follows: Total Estimated Cost of Park's Edge Plat Petition Items Included in Project 1990-1 $ 95,000.00 X 30% Surety Requirement $ 28,500.00 $ 28,500.00 USE: 5 WCR c ( The said 30 percent surety is the guarantee referred to earlier in this paragraph that sufficient revenue is annually produced by the payment of special assessments to enable the City to pay the required debt service payment, which debt service payment relates to the portion of Project(s) 1990-1 benefitting the development of the said plat. The City may draw on said surety for cash flow purposes to supplement the Developer's payments when Developer is delinquent in the payment of said special a~sessments. It is recognized that the forementioned surety requirement does not o include expenses incurred by ~he City for full time construction 01 inspections. i 10. Public Water Inspection Costs. In addition to the required surety described in paragraph 9, t~e developer shall submit a cash deposit or letter of credit 1n the amount of $2,500.00 for full-time construction inspections of public water facilities conducted by Joint Powers Board Engineers. Proof of such payment shall be required prior to City's signing of this contract and prior to the issuance of any building permits. 11. On and Off-Site Improvements/Escrow Items; Surety. A. Developer shall perform all on and off-site improvements set forth on Exhibit F as "Escrow Items". Developer will provide the City with cash, approved letter of credit or other satisfactory surety in the sum of $16,390.00, which figure represents 110 percent of the estimated cost of said Escrow Items. The said surety shall be a guaranty to the City that with the exception of boulevard improvements (sods, trees, driveways approaches) the construction and completion of the escrow items by the Developer, to the City's satisfaction, will be completed on or before . The boulevard improvements for each lot or parcel shall be completed to the City's satisfaction 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 March 30th in any given year, in which case the boulevard improvements shall be so completed by the following June 1st. At the City's option, it may install the street sign(s) and bill the direct cost of materials and installation to the Developer who will pay the bill within ten (10) days of the billing. The said cash, letter of credit or other surety shall be released upon certification of the Engineer of the City that such items are satisfactorily completed pursuant to this Agreement. Periodically, as payments are made by the Developer for the completion of portions of the items described under "Escrow Items" and when it is reasonably prudent, the Developer may request of the City that the surety be reduced for that portion of the project which has been fully completed and payment made therefor. The City's cost for 6 WOR . . . , .: r processing reduction request(s) shall be billed at the rate of $30.00 per hour with a minimum per reduction and shall be paid to the City with the date of mailing the billing. to the Developer of one (1) hour ten (10) days of 12. Surety Release - Petition Items. request of the City a reduction or release of for in conjunction with the Petition Items as as follows: The Developer may any surety provided shown on Exhibit F A. When another acceptable surety is furnished to the City to replace a prior surety. B. When the final cost amount minus previous payments becomes less than the surety provided, thus allowing the surety to be reduced to a sum commensurate with the remaining debt servic~ obligation. C. No reduction shall be made which would result in the surety held being less than 35 percent of the original surety for petition items until the final costs are known and assessed. D. The surety will assessments for 75 percent paid in full. The City's cost for processing said reduction request shall be billed at $30.00 per hour with a minimum of one (1) hour per reduction, and shall be billed to the Developer and paid to the City within ten (10) days thereof. be .released at such time as special of the lots in said plat have been 13. Surety Deficiency. In the event that any cash, 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 ten (10) 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 such 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. All monies deposited with the City shall be used by the City at the City's discretion to defray the City's costs and expenses with the project(s) referred to herein. 14. 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 for the preparation of the feasibility report, plans and specifications and all other costs expended by the City which are associated with Project(s) 1990-1 shall be paid by said Developer. The Developer has provided cash sureties to the City as follows: 7 WCR . ' . . " " ,:-:",~";-"..i.:;...,;C;-~oi,;_<-;:, r ( Purpose Cost associated with preparation of Feasibility Report Cost associated with preparation of Plans and Specifications Amount $ 1,500.00 $ 5,000.00 $ 6,;500.00 TOTAL The City may withdraw funds from the above referred escrow for the purpose of paying the costs referred to in this paragraph. The said cash escrow funds will be released by the City upon the Developer providing satisfactory sureties for the Petition Items referred to in Exhibit F. 15. Erosion and Siltation Control. A. Financial Guarantee. Before any grading is started on any site, all erosion control measures, as shown on the approved erosion control plan, shall be installed. In addition, a financial guarantee shall be provided to the City to insure compliance during construction. This financial guarantee, which is included as an Escrow Item in Exhibit F, will not be returned until all disturbed areas have permanent vegetation re- established. B. Erosion Control. After the site is rough graded, but before any utility construction is commenced or building permits are issued, erosion control measures shall be implemented, inspected and approved by the City. Specific earthwork shall include provision for berming along the subdivision's eastern border within the Barthel Drive right-of-way, as illustrated on Exhibit E. The City may impose additional erosion control requirements if they would be beneficial. All areas disturbed by the excavation and backfilling operations with the exception of those areas to be covered by an impervious surface or built upon, shall be reseeded forthwith after the completion of the work in that area. Except as otherwise provided in the erosion control plan, seed shall be rye grass or other fast-growing seed suitable to the existing soil to provide a temporary ground cover as rapidly as possible. All seeded areas shall be mulched and disc anchored as necessary for seed retention. The parties recognize that time is of the essence in controlling .erosion. If the development does not comply with the erosion control plan and schedule or supplementary instructions received from the City, the City may take such action as it deems appropriate to control erosion. The City will endeavor to notify the Developer in advance of any proposed action, but failure of the City to do so 8 weft . .' - . .- (' ( will not affect the Developer's or City's rights or obli~ations hereunder. If the Developer does not reimburse the city for any cost the City incurred for such work within thirty (30) days, the City may draw down the letter of credit to pay any costs. No development will be allowed and no building or occupancy permits will be issued unless the development is in full compliance with the erosion control requirements. 16. Park Dedication. The Developer shall fulfill park dedication of the Albertville City Ordinance 1987-2 and the -Albertville Park and'Recreation Board by the paYment of cash in the sum of $1,575.00 paid prior to the plat being released for filing at the Wright County Courthouse. The Developer's performance of its obligation shall be secured by the sureties described in this agreement, which sureties shall not be released or reduced until fulfillment of the obligations in this paragraph are met. The above money shall fulfill Developer's requirements for Park's Edge and the nine single contained within the development. 17. Payment of Special Assessments Upon Sale. It is further the agreement of the parties that all special assessments levied on City Project(s) 1990-1 or any other City project previously levied, or to be levied as a part of activating previously deferred assessments against the subject property, or portion thereof, if not paid prior thereto, shall be paid by the Developer on the sale or transfer of any fee ownership' interest in the subject property; provided however, that if the seller grants seller financing in an amount not less than the total of the unpaid assessments levied or pending against the' lot, then the paYment of special assessments can be delayed as long as the amount remaining financed by the Developer is greater than the total of the said unpaid levied or pending special assessments, but in all events no later than the date the security of the sellers financing is released or satisfied. If only a portion of the subject property is transferred, Developer shall pay the said special assessments attributable only to that portion which is being sold or transferred. Ordinance family lots In the event the Developer wishes to have the final costs for Project(s) 1990-1 determined for the purpose of conveying a lot or a number of lots prior to completion of the project, Developer shall provide to the City a cash paYment in an amount equal to one hundred percent (100%) of the estimated special assessments for each of the lots that the Developer seeks to convey. The surety deposit made by the Developer for Petition Items pursuant to this Agreement shall be retained in full until the final project costs and results of the assessments are determined. The City, upon receipt of said paYment for a 9 weR , " . . : .... c ( particular lot or lots will upon request then certify wi~hin any special assessment search relating to said lot or lots have been fully assessed for said Project, pursuant to this Developer's Agreement; and that no further assessments will be made to said lot or lots for the improvements comprehended or being constructed under Project(s) 1990-1. After determination of the final cost of the project and the resulting assessment therefor, any overage paid by the Developer will be returned to the Developer, and if there should be any shortage in the amount paid, the Developer will immediately pay the City the different ,between the amount 'previously paid and the amount of the assessments for the particular lot or lots. Payment shall be made within thirty (30) days of the billing. The City may draw upon any surety deposit made by the Developer if the Developer fails to pay the billed amount within thirty (30) days of said bill. 18. Maintain Public Property Damaged or Clutter During Construction. Developer agrees to assume full 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 water main, sanitary sewer or storm sewer when said damage occurs as a result of the activity which takes place during the development of said plat. 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 plat. In the event the Developer fails to maintain or repair the damage public property referred to aforesaid, the City may undertake making or causing it to be repaired or maintained. When the City undertakes such repair, the Developer shall reimburse the City for all its expenses within ten (10) days of its billing to the Developer. If the Developer fails to pay said bill within thirty (30) days, the surety shall be responsible for reimbursing the City therefor. 19. Clean Up. The Developer shall promptly clear any soil, earth or debris resulting from construction work by the Developer or its agents or assigns as directed by the City, its agents or inspectors. 20. Street Section Grading. While the development site is being graded by Developer, an independent testing firm, approved by the City, shall test the street section of those parts of street platted in said plat designated by the City Engineer, so as to certify to the City that the contractor is achieving 95 percent of the standard moisture density relationship of soils with exception of the top three (3) feet of the street section shall be compacted to 100 percent density. Fees paid to the said 10 WOA . . . . . , . . ( (' independent testing firm shall be paid by the Developer. The City's Engineer shall be furnished, either directly by the testing firm or by the Developer, a copy of the test results. 21. License. The Developer hereby grants the City, its agents, employees, officers and contractors a license to enter the land subject to the development to perform all necessary work and/or inspections deemed appropriate by the City during the installation of private improvements by the Developer. The . license shall expire after .the public improvements installed pursuant to this Agreement have been inspected and accepted by the City. 22. Landscapinq. The site shall be bermed and landscaped in accordance with the plans and specifications attached hereto as Exhibit E. In addition, the Developer or lot purchaser shall install sodding upon all boulevards as well as one (1) front yard tree per lot. Maintenance of all landscaping shall be the responsibility of adjacent property owners. Weather permitting, all trees, sod and seed shall be constructed within sixty (60) days after a home is constructed on lot. The Developer will prepare or cause to prepare a Declaration of Covenant, which Declaration shall be filed with the Wright County Recorder after it has received approval in writing from the City Attorney and which Declaration shall establish the berm and provide that it shall be maintained at all times by the affected lot owners in the plat in a condition at all times satisfactory to the City. The said Declaration shall further provide that, upon a failure of the said affected lot owners to maintain the said berm and trees,' the City may, after first giving thirty (30) days mailed notice to the affected lot owners, go upon the said affected lots over and across the utility and drainage easement area dedicated in the plat or Park's Edge, and maintain or replace the said berms and trees. If the City does so perform said maintenance or replacement, the City shall be entitled to replace or maintain them to the City's satisfaction and to then assess the costs thereof to all the affected lots in said plat. The said assessment shall be payable in one (1) year. 23. Draw on Expiring Letter of Credit. In the event a surety or other form of guarantee referred to herein is in the form of an irrevocable letter of credit, which by its terms will become null and void prior to the time at which all money or obligation of the Developer is 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 exp~ration of the said 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 11 WCfJ . . . , '..' ( 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. 24. Violation of Agreement. 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, and if such default is not cured within said thirty (30) day period, the City is hereby granted the right and privilege to declare all of entire sums levied as . special assessments or otherwise and 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 State's mail. The City may thence immediately and without notice or consent of the Developer use all of the deposited escrow funds, letter of credit or other surety funds to complete the Developer's obligations as set forth herein, whether related to Escrow Items or Petition Items, and to bring legal action against the Developer to collect any sums due the City pursuant to this Agreement~ This provision shall not apply to failure by subsequent lot owners to maintain the berm as required by Paragraph 22 above and the remedy therein provided shall be the sole remedy for' such default. This paragraph 24 shall not apply to any acts or rights of the City under paragraph 23 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 letter of credit as therein authorized. 25. Storm Sewer. The Developer warrants that there is no increasing rate of surface storm draina'ge discharge onto adjacent properties, other than any adjacent property whose owners execute an appropriate easement, approved by the City Attorney, permitting storm water from the property subject to this Contract to drain onto such adjacent property, provided such drainage does not negatively affect other properties adjoining such adjacent property. 26. Natural Features. The Developer shall make every effort to preserve the natural features of the land including but not limited to vegetation and topography in accord with the site plan. (Additionally, see paragraph number 22 above.) 27. Hazardous Waste. Developer warrants to the city that Developer does not have any knowledge or belief that any person has used the premises to dispose of hazardous waste or that any hazardous substance, as defined in M~S.A. SS 115B.02, is located on the premises. 12 WCR . . . . . . " r- ~.. (~ 28. Conformance with Laws. The Developer shall comply with the terms of this Contract and all local, state and federal laws and regulations applicable to the Plat and Site. The Developer represents to the City that to the best of Developer's knowledge, the Plat complies with. all county, state, and federal laws and regulations, including but not limited to: subdivision ordinances, zoning ordinances and environmental regulations. The Developer represents to the City that to the best of their knowledge that an environmental impact statement is not 'required for the Plat.' If the City or another governmental entity or agency determines that such a review is needed, however, the Developer shall prepare it in compliance with legal requirements so issued from said agency. The Developer shall reimburse the City for all expenses, including staff time and attorney's fees, that the City necessarily incurs in assisting in ~he preparation of the review. 29. Attorney's Fees. The Developer will pay the City reasonable attorney's fees to be fixed by the Court in the event a suit or action is brought to enforce the terms of this Agreement or in the event an action is brought upon a bond or letter of credit furnished by the Developer as provided herein. 30. Miscellaneous. A. 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 preliminary work in the development until the Developer does comply. Upon the City's demand, the Developer shall cease work until there is compliance. B. Third parties shall have no recourse against the City under this Contract. C. Breach of the terms of this Agreement by the Developer shall be grounds for denial of building permits, including lots sold to third parties. D. paragraph invalid, remaining If any portion, section, subsection, sentence, clause, or phrase of this Contract is for any reason held such decision shall not affect the validity of the portions of this Contract. 13 WCII . > (0 c" E. If building permits are issued prior to the completion and acceptance of public improvements, the Developer assumes all liability and costs resulting from 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 temporary or permanent basis until the streets needed for access have been provided with a bituminous surface and all other public and private improvements which serve such building have been . completed. F. 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. G. The Developer and its assignees are liable under this Contract. The Developer may not assign this Contract prior to completion and acceptance by the City of public improvements without written consent of the City Council. This Contract shall run with the land and may be recorded against the title to the property. After the Developer has completed the work required on it under this Contract, at the Developer'S request the City may execute and deliver to the Developer a certificate of completion in recordable form evidencing performance by Developer of its obligations hereunder, subject to any warranties which may be enforceable subsequent to the date of completion and subject to any obligations which arise upon construction of buildings upon lots within the plat. Any obligations imposed by this Contract not certified as having been satisfied in such certificate of completion shall remain the ongoing obligation of Developer and its successors and assigns. H. Each right, power or remedy herein conferred upon either party is cumulative and in addition to every other right, power or remedy, express or implied, now or hereafter arising, available to City, at law or inequity, or under any other agreement, and each and every right, power and remedy herein set forth or otherwise so existing mach be exercised from time to time as often and in such order as may be deemed expedient by the City and shall not be a waiver of the right to exercise at any time thereafter any other right, power or remedy. 14 Welt .~ :~ ,', ( ~ . .>~..~..~'"".". ....-.~ ,_.-~~,.-.."""',;,,,;-< '" .... .- ; :-~"l,." .- ."':'.:-'",,,>..--,,,~,,;:...-.,,..~..-.--<....,-..;,...,_ ._",~"""~.:",-..,;.,.~".~,.~,............_....._.,~....".,,,....,-..,..,";."" ~.;..,^._,'~.___ c 31. Notices. Required notices to rlhe Developer shall be in writing, and shall be either hand delivered to the Developer, its employees or agents, or mailed to the Developer by certified or registered mail at the following, address: Notices to the City shall be in writing and shall be either hand delivered to the City Administrator, or mailed to the City by registered or certified mail in care of the City Administrator at the following address: Albertville City Hall, Box 131, Albertville, Minnesota 55301. STATE OF MINNESOTA) ) ss COUNTY OF WRIGHT ) CITY OF ALBERTVILLE BY~~+} ary chwenzfe~er, ayor By: Ua1:1re:CR .....RarO\ls, City AQmiRi~triltQr ALBERTVILLE INDUSU-OPMENT CO. By:4;rl ;V y- , It I The foregoing instrument was acknowledged before me this 2 7 day of S~~> 1990, by Gary Schwenzfeier, Mayor, and by Mayr99R Andr9W&, City ~miRi&trator of the City of Albertville, a Minnesota Municipal Corporation, on behalf of the Corporation. @..~ LaNeIIa Me Yen DIlle NOTARYPUaIO-.'.01a WRIGHT COUN1Y . My CclnwdIIIon......... t.. ~ ,Jif[7QJ-<-- Notary Public 15 WeR .~ : . . . " . _..___,....:i,i._.~-.,:c.}..... C' c COUNTY OF STATE OF MINNESOTA) ) ss The foregoing instrument was acknowledged before me this IS- day of OC.'1oBcfIL' 1990', by R..-.r:A,1'~ . )-/ ~~c" ItA.. , of Albertvi1i1:e 'JrioesblDwaw'r:Development Co.'; aU M~nnesota Corporat~on, on behalf of the Corporation. DAVlDL .., NabIy PuIIIic. ........ .... Ny CoIIlmissielI January I, 191 G~ ~/J '~. Notary Public cJ11 16 We .. r ( CONSENT (/"'. , fee owners of all or part of the subject property, the development of which is governed by the foregoing Development Contract, affirm and consent to the provisions thereof and agree to be bound by said provisions as the same may apply to that portion of the subject property owned by them. Dated this It;' day of ()(To6~fL 1990. ~ If(~ STATE OF MINNESOTA) ) ss LlA__u._._ . COUNTY OF ~~~ ) The foregoing instrument was acknowledged before me this IS- day of (jeT\) B fJll.-- 1990, by DAVID L WOlF NaIIly Public . MlRaes8II AnoIIa ColllllY My Commission EX . . January 1, 199r" n~ OZ ~-jJ- Notary Public / 17 Welt ~ : .. " , " ,.-.-.;...._~-'....,.'"'..^'_"<_.~'..4.__.~ c c EXHIBIT "A" LEGAL DESCRIPTION Lot 1, Block 6, Barthel's Industrial Park, except therefrom that part lying northwesterly of the following described line and its northeasterly and southwesterly extensions: commencing at the most westerly corner of said Lot 1, being on Lannon Avenue N.E. and the common corner of said Lot 1 and Lot 2 of said Block 6; thence S 59 degrees 45' 41" E, plat bearing, along the westerly line of said Lot 1, Block 6, a distance of 155.00 feet to actual point of beginning of the line to be described; thence N 54 degrees 10' 48" E, a distance of 245.91 feet to the easterly line of said Lot 1, Block 6 and terminating thereat. All according to the plat thereof on file and of record in the office of the County Recorder, Wright County, Minnesota. WCA , ..' r '. " () ,.. ~ ~ 'I o :IS '0 ..APHIC SCALC ... 'leT 100 "0 q Mcnr.rd D. & JUlie. Lar.on lit ) ao. UJF SUif.lO. .. ~UU :..a{,(1, lit ...... ~,((,l" ::~r:~~. A~-=t;:t 8rOOI&I", Parll. .. :> .:'?-' p...nU'O & .ancy .~~~:'.i..S.'I.':';;)ol .. AllMrt.., ll.. I 1-1 R-3 n II r <.1 t- 1'... let'lfteUt c. I Me,::: Mack... ll:'~t:.~li::-... !is:lOl PLAT DATA F 3.0183 Acrea TOTAL AREA- 131.478 S. . "S.F 0.5 I Act.. Staat. 22.40.. . 109074 S.F. 2.50 A_ Lata. . ::.. EXHIBIT/ B:~ I PLAT ""iWCR -11111 I )lsft i: ,,1 " liUt )> JiHi ..,... ; ~ ! -l-. :D ~ ,.ill *1' t>> ;11 ! .:Jil m c (i) 1ft I! ml III! t~ u= ~ 11 r' f- C"'" . . :t. >"" I · .11 I fa z:z:I i I c~ li~ I( (1)- o~ .iI >- "'l:Jz I -> il Z:z:I Qo( r' t ",,"" C"'"C"'" >~ Z , . :. ~ ~! ,I! ~, 'gOr 'I( Sli I, J JI " Irll'l J'llilll! !IJ 'JI;lI~ If' :1)1. e~ 21 J:' f ~J -I , . HI * J..' ft. 'I " f r ! I Iii ~ ~ : :. ~ ~ II - : f i 1= ; : f . .. ......, ;. 't..~ ~ll I -; .... J .r I.i r r1 f '~ 1 :.. '.' : I ,. : -I I II !Il' ~ ',; ~I . ils I ! II "t .., "\.. -,:-- .'"'. -. .. . .: l~ <.~.. ..---. _. " .. .':.~-.' .. ,:; ,~, ~., , . .. .' '.. ~ t":~ EXHIBIT C - LANDSCAPING PLAN Weft " ~ . i' .. ( ,;: ~ AlbertvU. tnduetl"l.l ~ 9110 .'rd A"nue _ Brooklyn Perk. ... ,"'., ~ II ,.. ~, o 2' SO 000 "0 .".'HIC SC..,,1t '" 'lIT MI, 16, 1990 an. 6.21.91 q Howard D. , J....lce uraon At. 3 80JC inF lulf~lo. ... S53U ".~..~ \//, - "\ -. :;i JR-3 pt !li ~ 1:1 '-- -(0' --. ~~ ,\ \ :">-"', Dal~ 'wI pllftnlft9 , AMCF &.ocIa. 'll:::t~t~~~. ':';;Hl ~ .~ \ \ Mich..l .I. I JoYce C. Block 1111. ....5.11. Carel. -7 \ \AIHrCYUI., ... .."'I ~ . \ "-.. - --+..../ ~~ ~ Mld\eel II. , ,.trlct. J. veronU'.. ............... 11110 ......... cucle AlMrtriU., .. ".1 / ,: ..; / / ,;' ,,/ . r j . I' _4~.., .... \ ~ , ",((,.., AlbertvU. Induatr 9&10 .3rd A........ It BrOOklyn ,....k. ... ..., ~, .' I-I ........... . K.ith I. , .I""':' t.. Aeict!.... >. nl20 IArab.. carel_ AIMrtvUle. MI ",SOl,/ \ ./ 'r') /' '.." R-3 n r '.1 t" ~" NOTES: Kenneth C. , M.. ...." wacke.. nl26 .......b.. carele . Al.....tvUl.. ... 15JOl 1. Grading of of l>ulldln PLAT DATA TOTALAREA-13I,4788.F, 3.0183 AC/'II 2, Erollon on lOll 2. to conlrol StIlt. 22.405 S.F. 0.51 Acral 3; @ d Lalt. 109,074 S.F. 2.50 Acr.. WOft EXHIBIT D - GRADING AND DRAINAGE PLAN . . . (- ( ..... : (" ~:: . . EXHIBIT "F" WORK PERTAINING TO BARTHEL'S PARKS EDGE A. B. C. D. Street Storm Sewer Sanitary Sewer Watermain ESTIMATED COST $42,590.00 26,556.00 25,854.00 I. PETITION ITEMS (project 1988-4) REQUIRED SURETY PERCENTAGE: $95,000.00 30% USED: $28,500.00 $28,500.00 II. ESCROW ITEMS A. Boulevard Improvements 1. Installation boulevard sod. 2. Planting of one (1) deciduous front yard tree of type specified in City Resolution Approving Final Plat for each lot shall be a minimum of two inches (2") in diameter measured six inches (6") above the ground. 3. Installation of a bituminous driveway approach with a minimum of two inches (2") not mix a.c. on five inches (5") Class 5 aggregate or a concrete approach .constructed a minimum of four inches (4") thick with wire or six inches (6") thick without wire mesh. B. Grading Control All site ,grading, including building site~, ponds and surface drainage ways shall be graded ~n accordance with the approved grading and development plan. WeR .. f<. . ;' .. . ....: . " : '\ ..-.. c ( EXHIBIT ,"G" DEBT SERVICE SCHEDULE BARTHEL'S PARKS EDGE Debt service based on total estimated project cost of $95,000.00, 8 years assessment and an estimated 9.25% interest rate. REQUIRED SPEC. ASSESS. TOTAL PAY. BY DEV. PRINCIPAL ANNUAL DEBT IN TAXES OR BY YEAR BALANCE PRINCIPAL INTEEEST SERVICE PREPAYMENT DATK 1992 $95,000.00 $11,875.00 $ 8,787.50 $20,662.50 $10,331.25 10,331. 25 5/92 10/92 1993 $83,125.00 $11,875.00 $ 7,689.06 $19,564.06 $ 9,782.03 5/93 9,782.03 10/93 1994 $71,250.00 $11,875.00 $ 6,590.63 $18,465.63 $ 9,232.82 5/94 9,232.81 10/94 1995 $59,375.00 $11,875.00 $ 5,492.19 $17,367.19 $ 8,683.60 5/95 8,683.59 10/95 1996 $47,500.00 $11,~75.00 $ 4,393.75 $16,268.75 $ 8,134.38 5/96 8,134.37 10/96 1997 $35,625.00 $11,875.00 $ 3,295.31 $15,170.31 $ 7,585.16 5/97 7,585.15 10/97 1998 $23,625.00 $11,875.00 $ 2,196.88 $14,071.88 $ 7,035.94 5/98 7,035.94 10/98 1999 $11,875.00 $11,875.00 $ 1,098.44 $12,973.44 $ 6,496.72 5/99 6,496.72 10/99 $39,543.76 $134,543.76 WCA .' ." , ~ " . . ~ . , \ ADDENDUM The undersigned parties to the' PLANNED UNIT DEVELOPMENT AND SUBDIVISION DEVELOPER"S AGREEMENT FOR PARKSEDGE. dated . 1990. pertaining to the subdivision known as Parksedge. know as PARKSEDGE. herey mutually agree to amend said contract as follows: Not withstanding anything in said contract to the contrary. the Developer agrees to preform all landscaping work according to the attached Exhibi t C. incorporated herein by this reference. All other conditions of said contract remain the same. DATE: c-i~/,rn6"r ~7, /q9tJ CITY OF ALBERTVILLE Bdirhd~I~~ By: Maureen Andrews. City Adm. DATE: () Ch~"-' U:,' ri '7 u ALB~ INDUSTR~;fEVELOPMENT By: ~ ~lv- Its "'OA ,~' .... \, ~ ~ ..., \ ~ . ADDENDUM The undersigned parties to the. PLANNED UNIT DEVELOPMENT AND SUBDIVISION DEVELOPER"S AGREEMENT FOR PARKSEDGE. dated . 1990, pertaining to the subdivision known as Parksedge. know as PABKSEDGE, herey mutually agree to amend said contract as follows: Not withstanding anything in said contract to the contrary, the Developer agrees to preform all landscaping work according to the attached Exhibi t C, incorporated herein by this reference. All other conditions of said contract remain the same. DATE: c-i-",I'h76~Y ~7. /99tJ f I CITY OF ALBERTVILLE B~rhdrL~# By: Maureen Andrews. City Adm. DATE: ()ch~ tr-/ /CJ<;o E INDUSTR~~EVELOPMENT ~1t44'-v-- By: Its WCR