RES 20-83CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2020-83
APPROVING A DEVELOPMENT CONTRACT FOR
OTSEGO INDUSTRIAL PARK SIXTH ADDITION
WHEREAS, Cummings Property Management II, LLC (the "developer") is proposing the plat of Otsego
Industrial Park Sixth Addition; and
WHEREAS, the final plat 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 agreement; 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 Cummings Property
Management, Inc. is hereby approved in form subject to modification of fees, charges, and securities
as approved by City staff.
2. The Mayor and Deputy City Clerk are hereby authorized to execute the Development Contract on
behalf of the City of Otsego.
ADOPTED by the Otsego City Council this 14' day of December, 2020.
MOTION BY: Tanner
SECONDED BY: Goede
INFAVOR: Tanner, Warehime, Stockamp, Goede, Darkenwald
OPPOSED: None
W
CITY OF OTSEGO
Jessica L. Stockamp, Mayor
ATTEST:
Bethany VeKting, Deputy Clerk