RES 20-37CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2020-37
APPROVING A DEVELOPMENT AGREEMENT FOR
PLEASANT CREEK FARMS 6T" ADDITION
WHEREAS, Tamarack Land — Pleasant Creek LLC (the "developer") is proposing a final plat of Pleasant Creek
Farms 6th Addition; and
WHEREAS, a preliminary plat for the development was approved on 25 November 2019 by the City Council;
and
WHEREAS, Section 10-10-4.A of the Subdivision Ordinance requires the developer to enter into a
development 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 Development Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA THAT:
1. The Development Agreement attached hereto between the City of Otsego and Tamarack Land —
Pleasant Creek LLC 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.
1
ADOPTED by the Otsego City Council this 8th day of June, 2020.
MOTION BY: Darkenwald
SECONDED BY: Warehime
IN FAVOR: Stockamp, Darkenwald, Warehime, Tanner, Goede
OPPOSED: None
0)
CITY OF OTSEGO
kk�
J�
Jessica L. Stockamp, Mayor
ATTEST:
Tami M. Loff, City Clerk