RES 16-84CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2016-84
RESOLUTION APPROVING DEVELOPERS AGREEMENT- MARTIN
FARMS 4TH ADDITION
WHEREAS, U.S. Home Corporation is seeking approval of a Plat known as
MARTIN FARMS 4TH 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
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 U.S.
Home Corporation 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 10f day of October, 2016 by the City Council of Otsego.
MOTION TO ADOPT the Resolution by Council Member xeidner
and seconded by Council Member wareh; jmP
IN FAVOR: Stockamp, Heidner, Warehime, Schrodder
OPPOSED: None
CITY OF OTSEGO
Je ica Stockamp, Mayor
Tami Loff, City Clerk