RES 14-10CITY OF OTSEOO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO, 2014-10
RESOLUTION APPROVING DEVELOPERS AGREEMENT- GATEWAY
NORTH 6
WHER-EAS, Duke Realty Limited Partnership is seeping approval of a Plat
known as GATEWAY NORTH 6; and
WHEREAS, the approved Plat requires construction of some public
improvements and payment of City costs and fees; and
WHEREAS, those obligations are contained and memorialized in the attached
Developers Agreement; and
WHEREAS the Developers A e ement also sets forth the security required to
assure satisfactory construction of public improvements and establishes the
various remedies available to the City in the event that Developer breaches the
terms and conditions of the Agreement.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of
Otsego, Wright County, Minnesota as follows--
1.
ollows;
1. The attached Developers Agreement between the City of Otsego and Dube
Realty Limited Partnership is hereby approved.
2. The Mayor and City Clerk are hereby authorized to execute the Developers
Agreement on behalf of the City of Otsego.
ADOPTED this 10th day of February, 2014 by the City Council of Otsego.
MOTION TO ADOPT the Resolution by Council Member Heidner and
seconded by Council Member Darkenwald
IN FAVOR: Heidner, Darkenwald, Stockamp, warehime, Schroeder
OPPOSED: None
CITY of OTSEGO
V(-0�3"
Jess'ca Stockamp, Mayor
Tami Loff, City Clerk
0)