Agenda - Council - 05/27/1997 - Laserfiche WebLink

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14. 15. 16. 17. Development Assessment. The CITY has enacted a Development Assessment in the amount of Five Hundred Dollars ($500.00) per lot. The amount of the assessment due on the Plat is Nineteen Thousand Dollars ($19,000.00). The DEVELOPER has the option to either: (a) pay the entire amount due prior to the CITY releasing the Plat for recording at the County; or (b) pay fifty percent of the assessment ($9,500.00) prior to the CITY releasing the Plat for recording and divert the remaining $9,500.00 due as an additional $250.00 fee on each building permit issued in the Plat. The amount of the DEVELOPER'S share of the assessment shall be utilized for future signalization at the intersection of 153rd Avenue NW and County Road #57. III. PERMITS AND OCCUPANCY · Requirements for Occupancy Permits. No occupancy permit for any lot in the Plat shall be issued until: (a) vehicular access to the lot is provided including the installation'of Class V material on all streets in the Plat; (b) site plan approval is granted by the CITY and any additional expense incurred in giving site plan approval has been reimbursed to the CITY; (c) a Certificate of Survey, including that information required by the CITY, has been supplied to the City Building Official; (d) a tree planting has been accomplished in accordance with # 16 of this Agreement; and (e) all the financial guarantees required by the CITY have been satisfied. IV. PARK DEDICATION Cash. The Plat is located in the Nature View Park District. Park dedication requirements shall be satisfied by a cash payment in the amount of $33,250.00 (38 units x $875.00 per unit). Said payment has been received by the City pursuant to the terms of the January , 1997 purchase agreement between the CITY as Seller and DEVELOPER as Buyer for the sale of the Subject Property. V. LANDSCAPING Tree and Sod Planting Plan. Sodded boulevards are a requirement for each lot in the Plat prior to issuance of a Certificate of Occupancy. In accordance with the City Code and the policy established by the City of Rarnsey Park and Recreation Commission on June 10,. 1993, the DEVELOPER is required to submit a Landscape Plan for CITY approval that identifies existing tree growth within the Plat that will be preserved during construction and new plantings. It is herein agreed that the requirement for a Landscape Plan shall be fulfilled by the DEVELOPER as follows: a) Minimizing the impact of construction on trees in accordance with Minnesota Extension Service publication "Protecting Trees from Construction Damage" (Publication ffNR-OF-6135-8). 5 I I I ! I I I t I i I I I I I I I I