RES 16-52CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2016-52
RESOLUTION APPROVING DEVELOPERS AGREEMENT- MEADOWS
OF RIVERPOINTE
WHEREAS, U.S. Home Corporation D/B/A Lennar intends to construct thirty
five (3 5) residential homes upon property platted as MEADOWS OF
RIVERPOINTE; and
WHEREAS, the approved work on the 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 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 U.S.
Home Corporation D/B/A Lennar 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 23rd day of May, 2016 by the City Council of Otsego.
MOTION TO ADOPT the Resolution by Council Member
and seconded by Council Member Schroeder
Heidner
IN FAVOR: Stockamp, Schroeder, Heidner, Darkenwald, Warehime
OPPOSED: None
CITY OF OTSEGO
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