RES 16-30CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2016-30
RESOLUTION APPROVING DEVELOPERS AGREEMENT-
RIVERPOINTE 6TH ADDITION
WHEREAS, Jeff Busch and Kelly Busch are seeking approval of a Plat known as
RIVERPOINTE 6TH ADDITION; and
WHEREAS, the approved Plat requires 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 escrow required 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;
The attached Developers Agreement between the City of Otsego and Jeff
Busch and Kelly Busch is hereby approved in form, subject to modification
of fees and charges 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 14th day of March, 2016 by the City Council of Otsego.
MOTION TO ADOPT the Resolution by Council Member Heidner and
seconded by Council Member Schroeder.
IN FAVOR: Stockamp, Heidner, Schroeder, Warehime
OPPOSED: None
CITY OF OTSEGO
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Jessica Stockamp, Mayor
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Tami Loff, City Clerk