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III. <br />PARK DEDICATION <br /> <br />Satisfaction of Park Dedication Requirements. The Plat is located in the' <br />Mississippi Park District. Park dedication shall consist of a cash payment in the <br />amount of Dollars and no cents. The park <br />dedication contribution is calculated as follows: gross plat area (16.6 acres) <br />minus area encumbered in purchase option granted to Anoka County for future <br />Mississippi River bridge crossing purposes ( acres) for a net area of __ <br />acres x $2.00/square foot market value x 5%. The CITY herein agrees to a three <br />(3) year installment plan of $ per year for the payment of the park <br />dedication fees. The first payment shall be paid to the City prior to the release of <br />the Plat for recording at Anoka County. The second payment shall be due on June <br />1, 1999 and the final payment shall be due on June 1, 2000. Failure to comply <br />with the park dedication payment plan shall serve as cause to deny renewal of the <br />on-sale liquor license for the Subject Property. The CITY does not have to give <br />notice to DEVELOPER that. park dedication payments are due and the <br />DEVELOPER has the right lo pay park dedication payments earlier than <br />indicated. <br /> <br />IV. <br />GENERAL <br /> <br />9. Construction Site Maintenance. The DEVELOPER shall adhere to ali City <br />ordinances relating to, but not limited to, dumping of garbage, site development, <br />construction debris, open burning, etc. <br /> <br />10. Plat Approval Expenses, The DEVELOPER agrees that it will pay to the <br />CITY all CITY expenses incurred in the approval of the Plat, including, but not limited <br />to administration expenses, engineering and legal fees. Said expenses shall be paid <br />within fifteen (15) days of billing by the CITY and outstanding billings shall be paid <br />prior to recording of the Final Plat. Any expenses-incurred after recording of the Final <br />Plat shall also be paid within said fifteen (15) day billing period. Failure to pay the <br />CITY'S expenses within the fifteen (15) day billing period will permit the CITY to draw <br />upon any of the escrows required by this contract for payment. <br /> <br />11. Reimbursement.tO the City_. The DEVELOPER agrees to reimburse the CITY <br />for all costs incurred by the CITY in defense or enforcement of this Agreement, or any <br />portion thereof, including court costs and reasonable engineering and attorney's fees. <br /> <br />12. Execution of Agreement. The DEVELOPER shall submit to the CITY a tax <br />status confirmation from the Anoka County Auditor's office. All real property taxes and <br />special assessments against the subject property shall be in a current status prior to <br />execution of this Agreement. <br /> <br />I <br />I' <br />I <br /> <br />! <br />I <br /> <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br /> Ii <br /> <br />I <br /> <br /> <br />