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RES 15-34CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2015-34 RESOLUTION APPROVING DEVELOPERS AGREEMENT LOT 1, BLOCK 1, RIVERBEND SOUTH- KWIK TRIP WHEREAS, Kwik Trip, Inc. has an approved Conditional Use Permit (CUP) for LOT 1, BLOCK 1 RIVERBEND SOUTH, and WHEREAS, the approved CUP requires construction of some public improvements on LOT 1, BLOCK 1 and OUTLOT A and payment of City costs and fees as well as placing certain restrictions on the development; 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 Kwik Trip, Inc. is hereby approved, subject to Staff approved changes. 2. The Mayor and City Clerk are hereby authorized to execute the Developers Agreement on behalf of the City of Otsego. ADOPTED this 22nd day of June, 2015 by the City Council of Otsego. MOTION TO ADOPT the Resolution by Council Member_ and seconded by Council Member Warehime IN FAVOR: Stockamp, Heidner, Warehime None OPPOSED: CITY OF OTSEGO JesVica Stockamp, Mayor Ov."rn_ f\ Tami Loff, City Clerk 2 Heidner