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RES 19-80CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2019-80 AUTHORIZING STAFF RELEASE OF DEVELOPER AGREEMENTS WHEREAS, the City regularly enters into Developer Agreements with entities developing property within the City; and WHEREAS, the Developer Agreements contain terms and conditions of approval, conditions for construction of public improvements, payment of City costs and fees and escrow and security; and WHEREAS, the Developer Agreements contain a provision for release of the Agreement upon satisfactory completion of all requirements and applicable warranty periods; and WHEREAS, City staff have been frequently contacted by Developers requesting that the City release them from the Agreements; and WHEREAS, upon such request, City staff have reviewed the status of the Agreement and have brought the Agreement release to the City Council for consideration of the release; and WHEREAS, many times these requests are done in conjunction with a closing, which may be adversely affected by the time required to bring the issue to the City Council; and WHEREAS, the determination as to whether or not the agreement should be released can be made in short order by City staff. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Otsego, Wright County, Minnesota as follows; 1. The City Council herby authorizes the City Administrator, in consultation with City staff, to determine whether or not a particular Developer Agreement should be released without City Council action. 2. Upon a City staff determination that City Council review is not necessary, the City Administrator is hereby authorized to execute the Release of Developer Agreement on behalf of the City of Otsego. ADOPTED this 9th day of December, 2019 by the City Council of Otsego. MOTION TO ADOPT the Resolution by Council Member Tanner and seconded by Council Member Goede IN FAVOR: Stockamp, Tanner, Goede, Darkenwald OPPOSED: None CITY OF OTSEGO J sica Stockamp, Mayor Tami Loff, City Cleric N