RES 18-35CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2018-35
RESOLUTION APPROVING DEVELOPERS AGREEMENT- BURY
INDUSTRIAL PARK
WHEREAS, Bury Industries, LLC and Bury Manufacturing, LLC has an
approved Plat known as BURY INDUSTRIAL PARK; and
WHEREAS, the approved Plat requires construction of public improvements,
payment of City costs and fees and petition and waiver of certain assessments; 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 Bury
Industries, LLC and Bury Manufacturing, LLC (collectively
DEVELOPER) is hereby approved in form, subject to modification of fees,
charges and security as approved by City staff.
2. The Mayor and City Cleric are hereby authorized to execute the final
Developers Agreement on behalf of the City of Otsego.
ADOPTED this 14th day of May, 2018 by the City Council of Otsego.
MOTION TO ADOPT the Resolution by Council Member Warehime and
seconded by Council Member Heidner.
IN FAVOR: Warehime, Heidner, Tanner, Stockamp
OPPOSED: None
CITY OF OTSEGO
Jessica Stockamp, Mayor
Tami Loff, City Clerk
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