RES 16-73CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2016-73
RESOLUTION APPROVING DEVELOPERS AGREEMENT -
WILDFLOWER MEADOWS VILLAS
WHEREAS, Katricia, LLC is seeking approval of a Plat known as
WILDFLOWER MEADOWS VILLAS, and
WHEREAS, the approved Plat 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
Katricia, LLC is hereby approved, subject to Staff approved changes.
2. The Mayor and City Clerk are hereby authorized to execute the Developers
Agreement on behalf of the City of Otsego.
ADOPTED this 12th day of September, 2016 by the City Council of Otsego.
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MOTION TO ADOPT the Resolution by Council Member Heidner and
seconded by Council Member Warehime.
IN FAVOR: Stockamp, Heidner, Warehime, Schroeder
OPPOSED: None
ABSTAINED: Darkenwald
CITY OF OTSEGO
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— (am va Jes ;ca Stockamp, Mayor
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Tami Loff, City Clerk
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