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Agenda - Council - 12/10/1996
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Agenda - Council - 12/10/1996
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
12/10/1996
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I <br /> I <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />5. <br /> <br />6. <br /> <br />7. <br /> <br />8. <br /> <br />II. <br />GENERAL <br /> <br />Park Dektication. The Plat is located in the Lake Itasca Park District and park dedication <br />shall consist of a cash payment in accordance with City Code requirements at the time the <br />plat recei.~ed final plat approval. <br /> <br />Reimbu~'sement to City. The DEVELOPER agrees to reimburse the CITY for all <br />costs incmrred by the CITY in defense or enforcement of this Agreement, or any portion <br />thereof, Including court costs and reasonable engineering and attorney's fees. Said <br />expenses!shall be paid within fifteen (15) days of billing by the CITY and failure to pay <br />the CITY'S expenses within the fifteen (15) day billing period will permit the CITY to <br />draw upoh any of the escrows required by this Agreement for payment. <br /> <br />Plat Exgense Reimbursement. The DEVELOPER agrees that he/she will pay to the <br />CITY ou[ of any of the escrows required herein, all CITY expenses incurred in approval <br />of the Platt, including, but not limited to administration expenses, engineering and legal <br />fees. Sai~:l expenses shall be paid within Fifteen (15) days of billing by the CITY and <br />outstandirlg billings shall be paid prior to recording of the Final Plat. Any expenses <br />incurred ~!fter recording of the Final Plat shall also be paid within said Fifteen (15) day <br />billing period. Failure to pay the CITY'S expenses within the Fifteen (15) day billing <br />period will permit the CITY to draw upon any of the escrows required by this Agreement <br />for payment. <br /> <br />Marketal~le Title. Prior to recording of the Final plat, the DEVELOPER shall provide <br />to the CIfFY, proof of marketable title to the plat either through a currently certified <br />abstract, r~gistered property abstract or title insurance. <br /> <br />Invalidity_, of Any One Section. If any portion, section, subsection, sentence, clause, <br />Paragraph i or phase of this Agreement is for any reason held to be invalid by a court of <br />competentijurisdiction, such decision shall not effect or void any of the other provisions of <br />this Agreement. <br /> <br />Agreement Binding On Heirs, etc, The DEVELOPER agrees that this <br />Development Agreement shall be binding upon his successors and assigns. Breach of any <br />of the terrrts of this Development Agreement by the DEVELOPER shall be grounds for <br />denial of Building Permits for buildings in the Plat. <br /> <br /> IN wITNESS THEREOF, the parties have hereunto set their hands and seals, this <br />__ day of , 1996. <br /> <br />DEVELOPERS: <br /> <br />Charles Christian <br /> <br />Barbara Christian <br /> <br /> <br />
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