Agenda - Council - 10/14/2008 - Laserfiche WebLink

Home

And lying Westerly of the following described line: Beginning at the most Northerly corner of Lot 14, said Auditors Subdivision No, 96; thence Southerly along the Northwesterly line of said Lot 14 to the most Westerly -comer thereof, thence Southerly along Southwesterly line of said Lot 14 to its intersection with a line parallel with and 150 feet Northwesterly (as measured at right angle) of the Southwesterly extension of the .Southeasterly line of said Lot 14; thence Southwesterly along said parallel line a distance of 500 feet; thence Southwesterly deflecting to right 45 degrees 00 minutes 00 seconds a distance of 900 feet, more or less to the centerline of the Mississippi River and there terminating. Except that part platted as Dickenson's Mississippi Estate Second Addition, said Anoka County, Minnesota, -or upon recording - Lots 1 and Outlot A, Block 1, Michels Property (the "Subject Property"); and WHEREAS, on October 14, 2008, pursuant to Resolution No, 08-10� , the CITY approved the final plat of the Subject Property, which plat is known as Michels Property (the "Plat"), which approval is contingent on certain requirements, including the DEVELOPER and the CITY entering into this Agreement; and WHEREAS, the final plat for the Subject Property conforms to the sketch plan; and WHEREAS, the CITY requires certain improvements to be constructed within the Plat, which improvements are defined as Stage I and Stage II Improvements in the City Code; and WHEREAS, no expenditure of CITY funds will be made until the relevant City Code escrow requirements have been completed by the DEVELOPER. NOW, THEREFORE, the CITY and DEVELOPER agree as follows: SECTION I STAGE I IMPROVEMENTS AND FINANCIAL GUARANTEES 1. City Code Compliance. The CITY approves the Plat conditioned on the DEVELOPER developing the Plat in accordance with the applicable provisions of City Code, Section 9.50, entitled Subdivision, Ebony Woods Development Agreement June 2008 Page 2 of 8 5I11'fl