RES 20-41CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2020-41
APPROVING A DEVELOPMENT AGREEMENT FOR
MICHELS ADDIITON
WHEREAS, Michels Corporation (the "developer") is proposing development of the Michels Addition; and
WHEREAS, a preliminary and final plat for the development was approved on 29 June 2020 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 Michels Corporation
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 29th day of June, 2020.
MOTION BY: Tanner
SECONDED BY: Goede
IN FAVOR: Stockamp, Tanner, Goede
OPPOSED: None
Pa
CITY OF OTSEGO
ATTEST:
L'o
Tami M. Lof, , City Clerk