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RES 14-57CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2014-57 RESOLUTION APPROVING DEVELOPERS AGREEMENT FOR KALEIDOSCOPE CHARTER SCHOOL ADDITION WHEREAS, KCS Building Company is seeking approval of a PUD -CUP and final plat for expansion of the Kaleidoscope Charter School on Outlot A, DARA GLEN; and WHEREAS, the PUD -CUP and final plat requires construction of 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 Agreement 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. The attached Developers Agreement between the City of Otsego and KCS Building Company is hereby approved in form, subject to modification of fees, charges and security as approved by City staff. 2. The Mayor and City Clerk are hereby authorized to execute the final Developers Agreement on behalf of the City of Otsego. ADOPTED this 25th day of August, 2014 by the City Council of Otsego. MOTION TO ADOPT the Resolution by Council Member Warehime and seconded by Council Member Schroeder IN FAVOR: Warehime, Schroeder, Heidner, Darkenwald OPPOSED: None CITY OF OTSEGO Jessi a Stocicamp, Mayor Tami Loff, City Clerk 2