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RES 20-63CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2020-63 APPROVING A DEVELOPMENT CONTRACT FOR ISD 728 PRAIRIE VIEW MIDDLE SCHOOL ADDITION WHEREAS, ISD 728 (the "developer") is proposing development of ISD 728 Prairie View Middle School Addition; and WHEREAS, a final plat for the development was approved on 14 September 2020 by the City Council; and WHEREAS, Section 10-10-4.A of the Subdivision Ordinance requires the developer to enter into a development contract 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 contract; and WHEREAS, those obligations are outlined and memorialized in the attached Development Contract. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA THAT: 1. The Development Contract attached hereto between the City of Otsego and ISD 728 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 Contract on behalf of the City of Otsego. 1 ADOPTED by the Otsego City Council this 28th day of September, 2020. MOTION BY: Tanner SECONDED BY: Goede IN FAVOR:Stockamp, Tanner, Darkenwald, Goede, Warehime OPPOSED: None 2 CITY OF OTSEGO I �60Jessica L. Stockamp, M yor ATTEST: I �, Tami k- off, City Clerk