Agenda - Council - 06/25/2002 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I WHEREAS, on June 25, 2002, pursuant to Resolution No. 02-06- , the CITY approved the final plat of the Subject Property, which plat is known as HIGHLANDS AT RIVER PARK 2~) ADDITION (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 preliminary plat for Highlands At River Park approved by the CITY on September 11,200 I; and WHEREAS, a trunk usage charge is required by the CITY for usage of its Trunk Sewer and Watermain System, which charge is $1,814.00 per residential unit created; 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, the DEVELOPER intends to cause its required improvements in the Plat to be constructed without financial participation by the CITY. WHEREAS, the DEVELOPER desires to construct the Stage I and Stage II improvements, except for those Stage II Improvements constructed by the CITY; 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: o SECTION I STAGE I IMPROVEMENTS AND FINANCIAL GUARANTEES 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. Conformance with Plan. The Plat shall be developed pursuant to the Final Plat plans consisting of four (4) sheets, prepared by Westwood Professional Services, Inc., entitled Highlands At River Park 2~a Addition. Incorporation of All City Code Requirements. That the recitals above and the applicable provisions of the City Charter, Subdivision Code, Zoning Code and Public Improvement Code of the CITY, as amended to date hereof, are incorporated herein by reference. Stage I Improvements Required/Phasing Plan. The improvements the CITY requires the DEVELOPER to construct within the Plat are as follows: Development Agreement/Highlands At R/ver Park Page 2 of 14 -145-