RES 16-65CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2016-65
RESOLUTION APPROVING DEVELOPERS AGREEMENT- GATEWAY
NORTH FOURTH ADDITION- LOT 2, BLOCK 1 (BUILDING 3) -BLU
DOT EXPANSION
WHEREAS, Duke Realty Limited Partnership is seeking approval of an existing
building on Lot 2, Block 1 (Building 3) of GATEWAY NORTH FOURTH
ADDITION; and
WHEREAS, the expansion 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 Duke
Realty Limited Partnership 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 Warehime
IN FAVOR: Stockamp, Schroeder, Warehime, Darkenwald
OPPOSED: None
CITY OF OTSEGO
Je sica Stockamp, Mayor
Tami Loff, City Clerk
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