RES 20-16CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2020-16
APPROVING A SITE IMPROVEMENT PERFORMANCE AGREEMENT
FOR THE VILLAGE
WHEREAS, the Central Minnesota Properties (the "developer") is proposing development of Lot 1, Block 4,
Great River Centre of Otsego 2"d Addition; and
WHEREAS, the subject site is zoned PUD, Planned Unit Development District in accordance with the ordinance
adopted by the City Council on 13 March 2006; and
WHEREAS, the developer received approval of a PUD Development Stage Plan on 10 February 2020 for the
proposed use; and
WHEREAS, Section 11-36-7.0 of the Zoning Ordinance requires the developer to enter into a Site
Improvement Performance Agreement to provide the City construction and warranty securities for the
public and private improvements and to provide the City various remedies in the event that the developer
breaches the terms and conditions of said agreement; and
WHEREAS, those obligations are outlined and memorialized in the attached Site Improvement Performance
Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA THAT:
1. The Site Improvement Performance Agreement attached hereto between the City of Otsego and
Central Minnesota Properties is hereby approved in form subject to modification of fees, charges,
and securities as approved by City staff.
2. The Mayor and City Clerk are hereby authorized to execute the Development Agreement on behalf
of the City of Otsego.
ADOPTED by the City Council of the City of Otsego this 9th day of March, 2020.
MOTION BY: Darkenwald
SECONDED BY: Tanner
INFAVOR: Stockamp, Darkenwald, Tanner, Warehime
OPPOSED: None
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CITY OF OTSEGO
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ATTEST:
t
Tami M. ff, City Clerk