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Shall be in the amount of $104,550.00, which amount represents <br />i50% of the estimated cost of constructing the streets as deter- <br />mined by the City Engineer. In addition, the Developer shall <br />~ause the conveyance to the City of all drainage easements <br />Over the entire plat including Outlots F and G as required by <br />the City Engineer. <br /> b. ~ti~ion for Lo~al Improvement City acknowledges that <br /> ~t has received, as of November 9, 1984, a petition from 100% of <br /> ~e abutting land owners of the above described streets, <br /> ~requesting that the City implement and complete the design and <br /> construction of the above named streets. City acknowledges, and <br /> Developer acknowledges, that no final action by the City pursuant <br /> ito this request can be taken prior to early 1985, but that if the <br /> iCity Council at that time acts favorably upon the petition, and <br /> determines to proceed with said project, assessing the cost <br /> thereof against the abutting properties, then in that event, the <br /> iDevelopers shall be released of their obligation to post the <br /> security required in paragraph 2a above, but shall post such <br /> alternative security as is required by the City Code pursuant to <br /> the issuance of any general obligation bonds to pay for the cost <br /> <br /> of construction, or other requirements, if applicable. <br /> 3. Conve~van~e_of~ C~lf_ Course_Land <br /> a. NQ. Park Land_D~dicatioD E~ It being acknowledged <br /> that the proposed plat of Rum River Hills contains over 100 acres <br /> of land to be utilized as a public golf course, .and said <br /> circumstance being unique to a plat in the City of Ramsey, the <br /> park land dedication fee shall be waived. <br /> <br /> b. VacatioD of~.~a~k ~ne City acknowledges that it has, <br /> <br /> <br />