RES 17-95CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2017-95
RESOLUTION APPROVING DEVELOPERS AGREEMENT- ARBOR
CREEK 3RD ADDITION- PHASE 6
WHEREAS, Centra Homes, Inc. is seeking approval of a Developers Agreement
for a portion of that already approved Plat of ARBOR CREEK 3RD ADDITION
designated as PHASE 6; and
WHEREAS, the approved Plat and already platted areas requires construction of
public improvements and payment of City costs and fees; and
WHEREAS, those obligations are contained 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 Centra
Homes, Inc. is hereby approved, subject to staff approved additions and
modifications.
2. The Mayor and City Clerk are hereby authorized to execute the Developers
Agreement on behalf of the City of Otsego.
ADOPTED this 27th 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
J sica Stockamp, Mayor
Tami Loff, City Clerl
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