RES 19-28CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2019-28
RESOLUTION APPROVING DEVELOPERS AGREEMENT
GREAT RIVER CENTRE OF OTSEGO - FIFTH ADDITION
WHEREAS, Edina Otsego, LLC is seeking approval of a Plat known as GREAT
RIVER CENTRE OF OTSEGO FIFTH ADDITION, and
WHEREAS, the approved Plat requires construction of some public
improvements and payment of City costs and fees as well as placing certain
restrictions on the development; 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 Edina
Otsego, LLC is hereby approved.
2. The Mayor and City Clerk are hereby authorized to execute the Developers
Agreement on behalf of the City of Otsego.
ADOPTED this 28th day of May, 2019 by the City Council of Otsego.
MOTION TO ADOPT the Resolution by Council Member Darkenwald
and seconded by Council Member Tanner
IN FAVOR:Stockamp, Warehime, Darkenwald, Tanner
OPPOSED: None
CITY OF OTSEGO
J sica Stockamp, Mayor
j"." � , ,
Tami Loff, City Clerk
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