RES 17-93CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2017-93
RESOLUTION APPROVING DEVELOPERS AGREEMENT -
HIGHLANDS OF RIVER POINTE 2D ADDITION
WHEREAS, U.S. Home Corporation D/B/A Lennar intends to construct ninety
two (92) residential homes upon property platted as HIGHLANDS OF RIVER
POINTE 2ND ADDITION; and
WHEREAS, the approved work on the Plat requires construction of some public
improvements and payment of City costs and fees; and
WHEREAS, those obligations are contained and memorialized in the attached
Developers Agreement; and
WHEREAS, the Developers Agreement also sets forth the security required to
assure satisfactory construction of public improvements and establishes the
various remedies available to the City in the event that Developer breaches the
terms and conditions of the Agreement.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of
Otsego, Wright County, Minnesota as follows;
1. The attached Developers Agreement between the City of Otsego and U.S.
Home Corporation D/B/A Lennar is hereby approved, subject to staff
approved additions and changes.
2. The Mayor and City Clerk are hereby authorized to execute the Developers
Agreement on behalf of the City of Otsego.
ADOPTED this 13th day of November, 2017 by the City Council of Otsego.
MOTION TO ADOPT the Resolution by Council Member Heidner
and seconded by Council Member Tanner
IN FAVOR: Stockamp, Heidner, Tanner, Darkenwald, Warehime
OPPOSED: None
CITY OF OTSEGO
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Je,�hica Stockamp Y , Mayor
Tami Loff, City Clerk
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