RES 20-21CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2020-21
APPROVING DEVELOPERS AGREEMENT - PARKVIEW GRAND
WHEREAS, Grand Apartments of Otsego, LLLP intends to construct multifamily dwelling units
platted as PARKVIEW GRAND; 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, MINNESOTA:
1. The attached Developers Agreement between the City of Otsego and Grand Apartments
of Otsego, LLLP is 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 by the Otsego City Council this 13th day of April, 2020.
MOTION BY: Darkenwald
SECONDED BY: Warehime
IN FAVOR: Stockamp, Warehime, Tanner, Darkenwald, Goede
OPPOSED: None
CITY OF OTSEGO
GAV401- Rmuxp-
V
Jessica L. Stockamp, Mayor
ATTEST:
Tami M. Loff, City Clerk