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

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I ! I I I I I I I I I I I I I I I I I any resulting property taxes for the succeeding year, on property conveyed to the CITY for exempt purposes.. Compliance with Ci_ty Code. That the recitals above and the 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. Property_ Deeds. The DEVELOPERS herein agree to deed Outlots A and B to the CITY in a separate recordable document. The CITY shall not execute deeds for the transfer of property to the DEVELOPERS until DEVELOPER A provides the following or a financial surety for same, in a form acceptable to the CITY. a) b) c) berming necessary to redirect drainage away from Outlot A; fencing along the common property line between Outlot A and Lot 2 to prevent any future encroachment of commercial activities onto said Outlot; removal of all debris property conveyed to Outlot A. ("Requirements") DEVELOPER A shall have one year from the date the Plat is recorded to complete the above Requirements. In the event DEVELOPER A fails to complete the above as required herein, the CITY shall provide notice to DEVELOPER A of the default condition and establish a thirty (30) day time frame in which to remedy the default condition. If DEVELOPER A fails to do so within the 30 day time frame, the City Council may order the completion of the Requirements with City day labor and/or by letting contracts for said completion and draw upon the financial surety for payment. Only the City Council shall have the authority to direct completion of the Requirements and withdraw from the financial surety account. DEVELOPER A hereby grants permission and a license to the City and/or its contractors and assigns to enter upon the Site for the purpose of cOmpleting the above the Requirements in the event of DEVELOPER A's default. License for Access. Upon request, the CITY herein agrees to provide DEVELOPER A and/or DEVELOPER B with a license to utilize Outlot B as an access to Unity Street N.W. Further, it is agreed that if the license for access is exercised prior to installation of public street improvements on Outlot B, the recipient(s) of the license shall provide for a bituminous or concrete access drive across Outlot B. Said license shall not prohibit or obstruct in any manner the CITY'S ability and/or authority to construct a public street to specified standards across Outlot B Covenant~, The south 135 feet of Lot 1, Block 1 and the south 135 feet of Lot 2, Block 1 originated in Business Park 95 and shall remain subject to the covenants of Business Park 95 which was recorded at Anoka County on . ._, 1995 as Document