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RES 20-84CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2020-84 APPROVING A SITE IMPROVEMENT PERFORMANCE AGREEMENT FOR GCC DACOTAH, INC. WHEREAS, GCC Dacotah, Inc. (the "developer") is proposing development of Lot 1, Block 1, Otsego Industrial Park Sixth Addition; and WHEREAS, site and building plans and a conditional use permit the development was approved on 14 September 2020 by the City Council; and WHEREAS, Section 11-9-7 of the Zoning Ordinance requires the developer to enter into a Site Improvement Performance 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 Site Improvement Performance Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA THAT: 1. The Site Improvement Performance Agreement attached hereto between the City of Otsego and GCC Dacotah, 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 Agreement on behalf of the City of Otsego. ADOPTED by the Otsego City Council this 14th day of December, 2020. MOTION BY: Tanner SECONDED BY: Goede INFAVOR: Tanner, Warehime, Stockamp, Goede, Darkenwald OPPOSED: None CITY OF OTSEGO cXama4v(�d1t\v U - Jessica L. Stockamp, malyor ATTEST: a PIA4"t k. L2'L'%-v Bethany BenWg, Deputy Citlerk