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shall be in t_he amount of $104,550.00, which amount represents <br />150% of the estimated oost of constructing the streets as deter- <br />mined by the City Engineer. In ad4ition, t_be Developer shall <br />cause t. be conveyance to the City of all drainage easements <br />over the entire plat including Outlots F and G as required by <br />the Cit-y EngSneer. <br /> <br /> b. P~t~t~on for Local Improvement CiTy acknowledges that <br />it has received, as of Nov~muber 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 t_be City t~rsuant <br />to this req~est can be. ~nken prior to .early 1985, but that if the <br />City Council at that time acts favorably upon the petition, and <br />determines to proceed wit_h said project, assessino~ the cost <br />thereof a~ainst the abutting properties, then in that event, the <br />Developers shall be released of their obligation to ~ost the <br />security required in paragraph 2a above, but shall lost such <br />alternative security as is required tS* the City Code ~rsuant to <br />tine issuance of any o_enera! obligation bonds to .Day ~or ~ge cost <br /> <br />of construction, or o~J~er requirements, if applicable. <br /> 3. Conveyance of Golf Course End <br /> a. No.~ark. . Len~ DedicatSOD..~.e~. _ It 'being acknowledmed. <br /> <br />~nat the proposed plat of Rum River Hills contains over 100 acres <br />of land to be. ~ti!ized as a u~-b!ic golf course, an~ said <br />circumstance be_ing unique to a plat in the City of Ramsey, the <br />park land de~ioation fee shall be waived. <br /> <br /> b. VacatiOn of Park ~he City acknowledges that it has, <br /> <br /> <br />