RES 20-27CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2020-27
APPROVING DEVELOPERS AGREEMENT- HARVEST RUN EAST
WHEREAS, Capstone Harvest Run, LLC has an approved Plat known as
HARVEST RUN EAST; and
WHEREAS, the approved Plat requires construction of 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
Capstone Harvest Run, LLC is hereby approved in form, subject to
modification of fees, charges and security as approved by City staff.
2. The Mayor and City Clerk are hereby authorized to execute the final
Developers Agreement on behalf of the City of Otsego.
ADOPTED this 1 lth day of May, 2020 by the City Council of Otsego.
MOTION TO ADOPT the Resolution by Council Member Tanner and
seconded by Council Member Darkenwald.
IN FAVOR: Stockamp, Darkenwald, Tanner, Warehime, Goede
OPPOSED: None
CITY OF OTSEGO
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J ssica Stockamp, Mayor
Tami Loff, City Clerk
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