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2002 Second Amendment to Master PUD CITY OF ALBERTVILLE SECOND AMENDMENT TO MASTER PLANNED UNIT DEVELOPMENT AGREEMENT TOWNE LAKES THIS AGREEMENT, entered into this day of , 2002 by and between Contractor Property Developers Company, collectively referred to herein as "Developer"; and the CITY OF ALBERTVILLE, C01Ulty of Wright, State of Minnesota, hereinafter referred to as "City"; WITNESSETH: WHEREAS, Developer and City have entered into an agreement titled "Master Planned Unit Development Agreement" ("Master Agreement") dated ,2001 and recorded as Document No. in the office of the Wright County Recorder's Office; and WHEREAS, Developer and City have entered into an amendment of the Development Agreement titled Amendment to Master Planned Unit Development Agreement dated , 2001 and recorded as Document Number in the office of the Wright C01Ulty Recorder's Office; and WHEREAS, Developer and City desire to amend said Master Agreement to correct an error in the Development Agreement relating to the ownership and control of the outlots in the plat of Towne Lakes; and WHEREAS, Developer and City agree that this Amended Agreement shall apply to the properties in the plat of Towne Lakes. 1 NOW, THEREFORE, IT IS HEREBY AND HEREIN MUTUALLY AGREED, in consideration of each party's promises and considerations herein set forth, as follows: 1. Intent of the Parties. It is the intent of the parties that this Amended Developer's Agreement ("Amended Developer's Agreement") correct portions of the Master Planned Unit Development Agreement ("Master Agreement") dated , 200 1 and recorded as document number in the office of the Wright C01Ulty Recorder, Wright County, Minnesota. The parties intend that this Amended Developer's Agreement and the Master Agreement be read together to determine the rights and obligations of the parties with respect to the property contained within the Towne Lakes Plat. In the event of a conflict between the terms of the Master Agreement and this Amended Developer's Agreement, the terms of this Amended Developer's Agreement shall control with respect to such conflicting terms. 2. Restatement of Paral!:raph 17 of Master Al!:reement. Paragraph 17 of the Master Agreement is hereby restated and amended to read as follows: 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, curbs, gutters, ponds, sewers and water mains to the City. Upon acceptance of dedication, Developer shall provide to the City "As-Builts" of all sewers, water mains, and roads. Acceptance by City of any dedication shall occur upon passage of a resolution to such effect by the City Council. - B. Park, Trail and Outlot Dedications. Developer acknowledges and agrees that as part of its park dedication requirements for the 119 residentially zoned lots in the Development, Developer shall provide the following park-related items to the City at no charge to the City: 1. Developer shall dedicate to the City the following lots for park purposes: Outlots E, G and H as shown on the final plat; Park 1 and Park 2 as shown on the final plat; 2 Outlots H, I, and L as shown on the prelimimu)' plat attached as Exhibit G. In the event the City fails to make the Outlots available for uses consistent with park pwposes the Homeowner's Association may notify the City in writing of such failure and request that such lots be made available for park purposes. In the event the City fails to make such lots available for uses consistent with park purposes within ninety days after receipt of written notice from the Homeowners' Association the Homeowners' Association shall have a right of reverter and may require the City to deed such Outlots not made available for park purposes to the Homeowners' Association. In such event, the Homeowners' Association shall maintain such Outlots and provide for the use of such Outlots for park purposes. Use of all or a portion of the Outlots by the City for road purposes or for purposes directly related to the maintenance of the abutting lakes shall be deemed a park pwpose. 11. Developer shall convey to the City the following lots: Outlots C and D as shown on the final plat; Outlot K, and that portion of Outlot N which includes the woods, ponds and wetlands, all as shown on the preliminary plat attached as Exhibit G. ill. Developer shall convey to the Homeowners' Association within one year of the establishment of the Homeowners' Association the following lots: Outlots B, D and F as shown on the final plat; Outlots J and 0 as shown on the preliminary plat attached as Exhibit G. IV. Developer shall install park landscaping as shown on the Landscaping Plan attached as Exhibit C. v. Developer shall install park benches, play gro1Uld equipment, swings, 2 play "diggers," 2 play spring toys, park fencing, drinking f01Ultain, chairs/benches, ornamental park lighting, 3 3 pergolas, picnic tables, tot lot, and gazebo as shown on the park plans attached as Exhibit K. vi. At such times as 100 homes in the Development are occupied, the Homeowners' Association shall survey the residents of the Development as to whether the residents desire to have additional play gro1Uld equipment, a volleyball court, a tennis court and parking lot installed at the parks located in the Development. The survey shall inform the residents that if more than 50% of those responding desire any of the park amenities described in this subparagraph to be installed, the Homeowners' Association shall be responsible for 50% of the cost of purchasing and installing said amenities and the Developer shall be responsible for 50% of the cost of purchasing and installing said amenities. The form of the survey must be approved by the City Council prior to its distribution. If more than 50% of the residents responding request selected park improvements, Developer and Homeowners' Association shall install such improvements and shall split the cost of the installation. All such improvements shall be subject to City Council approval as to equipment design/type and location of installation. Vll. Developer shall provide to the City a fifteen foot wide trail easement over that portion of Lot 1, Block 5 shown on the attached Exhibit D. Vlli. Developer shall install eight foot wide bituminous trails in the locations shown on the attached Exhibit D. All such trails shall be constructed to the standards required by the City Engineer and shall be completed with the Municipal Improvements required in this Agreement. C. Shoreline Conservation Easement A shoreline conservation easement around the shores of both School Lake and Mud Lake shall be dedicated to the City. It is the intention of the parties to this Agreement that this conservation easement area be returned to its native vegetative state and shall act as a buffer to the lakes. Developer at its own expense shall restore the easement area by planting native trees, grasses and shrubs within the shoreline conservation easement to encourage wildlife habitat and decrease the visual impact of the development on the natural environment 4 lakeshore. Said landscaping shall be constructed as shown in the landscaping plans attached as Exhibit C. Developer shall guarantee all new plantings as required by Exhibit C shall survive for two full years from the time of planting has been completed or will be replaced at the expense of the Developer. 3. Restatement ofParal!:raph I.U. of Master Al!:reement. Paragraph I.U. of the Master Agreement is hereby restated and amended to read as follows: U. Developer shall install a pool on Lot 1, Block I in the approximate location and in the approximate dimensions as shown on Exhibit F. Developer shall construct said pool as soon as practicable after 100 homes in the Development are occupied. Upon completion of construction of said Pool, Developer shall transfer ownership and management of said pool to the Homeowners' Association, which shall maintain the pool in good working order for a minimum of 25 years unless a shorter period of time is agreed to by the City Council. The homeowners' association may choose to limit use of the pool to homeowners' association members and their families only. 4. Exhibits. All exhibits referred to in this Developer's Agreement shall be the same corresponding exhibits by letter as those attached to the Master Developer's Agreement. 5. Al!:reement Effect. This Agreement shall be binding upon and extend to the representatives, heirs, successors and assigns of the parties hereto. CITY OF ALBERTVILLE, By Its Mayor By Its Clerk CONTRACTOR PROPERTY DEVELOPERS COMPANY By 5 Homer H. Tompkins III Its President STATE OF MINNESOTA ) ) ss. COUNTY OF WRIGHT ) The foregoing instrument was acknowledged before me this day of , 2002, by John Olson as Mayor of the City of Albertville, a Minnesota municipal corporation, on behalf of the city and pursuant to the authority of the City Council. Notary Public STATE OF MINNESOTA) ) ss. COUNTY OF WRIGHT ) The foregoing instrument was acknowledged before me this day of , 2002, by Linda Goeb, as Clerk of the City of Albertville, a Minnesota municipal corporation, on behalf of the city and pursuant to the authority of the City Council. Notary Public STATE OF MINNESOTA) ) ss. COUNTY OF WRIGHT ) The foregoing instrument was acknowledged before me this day of , 2002a, by Homer H. Tompkins III, as President of Contractor Property Developers Company. Notary Public DRAFTED BY: Couri and MacArthur Law Office P.O. Box 369 705 Central Avenue East St. Michael, MN 55376 6 I (612)497-1930 7