RES 16-63CITY OF OTSEGO .
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2016-63
RESOLUTION APPROVING REVISED DEVELOPERS AGREEMENT -
BOULDER CREEK 2" ADDITION
WHEREAS, Mattamy (Minneapolis) Partnership has an approved Plat known as
BOULDER CREEK 2' ADDITION; and
WHEREAS, the approved Plat requires construction of public improvements and
payment of City costs and fees; and
WHEREAS, those obligations are contained and memorialized in the attached
revised Developers Agreement which replaces the Agreement approved by the
Council on April 25, 2016; 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 revised Developers Agreement between the City of Otsego
and Mattamy (Minneapolis) Partnership 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 July, 2016 by the City Council of Otsego.
MOTION TO ADOPT the Resolution by Council Member Schroeder
and seconded by Council Member warehime
IN FAVOR: Stockamp, Schroeder, Warehime, Darkenwald
OPPOSED: None
CITY OF OTSEGO
Jessie Stockamp, Mayor
Tami Loff, City Clerk
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