RES 19-70CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2019-70
RESOLUTION APPROVING DEVELOPERS AGREEMENT- PARKVIEW
RETAIL
WHEREAS, Rice Companies, Inc. intends to construct commercial property
platted as PARKVIEW RETAIL; 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 Rice
Companies, Inc. 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 12th day of November, 2019 by the City Council of Otsego.
MOTION TO ADOPT the Resolution by Council Member
and seconded by Council Member Tanner
Warehime
IN FAVOR: Stockamp, Warehime, Tanner, Darkenwald
OPPOSED: None
CITY OF OTSEGO
sux�J—Tn.
Tami Loff, City Clerk
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