RES 15-65CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2015-65
RESOLUTION APPROVING DEVELOPERS AGREEMENT- ISD 728
OTSEGO E-8 SCHOOL ADDITION
WHEREAS, Independent School District # 728 is seeking approval of a Plat
known as ISD 728 OTSEGO E-8 SCHOOL ADDITION, and
WHEREAS, the approved Plat requires construction of some public
improvements 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
Independent School District # 728 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 26th day of October, 2015 by the City Council of Otsego.
MOTION TO ADOPT the Resolution by Council Member
and seconded by Council Member Schroeder
Heidner
IN FAVOR: Stockamp, Heidner, Schroeder, Warehime, Darkenwald
OPPOSED: none
CITY OF OTSEGO
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Stockamp, Mayor
Tami Loff, City Clerk
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