RES 16-64CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2016-64
RESOLUTION APPROVING DEVELOPERS AGREEMENT- ARBOR
CREEK THIRD ADDITION- PHASE 4
WHEREAS, Centra Homes, Inc. is seeking approval of a Developers Agreement
for a portion of that already approved Plat of ARBOR CREEK THIRD
ADDITION designated as PHASE 4; and
WHEREAS, that portion of the approved Plat designated as PHASE 4 requires
construction of public improvements and payment of City costs and fees; and
WHEREAS, those obligations are contained 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 Centra
Homes, Inc. 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 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 Warehi me
IN FAVOR: tockacnp, Warehime, Schroeder, Darkenwald
OPPOSED: None
CITY OF OTSEGO
Je ica Stockamp, Mayor
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Tami Loff, City Clerk