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RES 16-70CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2016-70 RESOLUTION APPROVING DEVELOPERS AGREEMENT- WINDSONG II WHEREAS, Windsong II, LLC has requested and received approval of a Plat known as WINDSONG II; 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 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 Windsong II, LLC 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 8th day of August, 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, Schroeder, Heidner, Darkenwald, Warehime OPPOSED: None CITY OF OTSEGO — Gove? m () Jes ica Stockamp, Mayor { Tami Loff, City Clerk 2