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/0 <br /> <br />shall be in the amount of $104,550.00, which amount represents <br />150% of the estimated cost of constructing the streets as deter- <br />mined by the City Engineer. In addition, the Developer shall <br />cause 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 /> <br /> b. Petition fQr Lo~cal Improvement City acknowledges that <br />it has received, as of November 9, 1984, a petition from 100% of <br />the 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 />to this request can be taken prior to early 1985, but that if the <br />City 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 />Developers 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. Convev~nce_of__colf Conrse_Land <br /> a. ND. Park ..Land_Dedication_Ee~ 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. Vacation of._~ark The City acknowledges that it has, <br /> <br /> <br />