Agenda - Council - 01/18/1994 - Laserfiche WebLink

Home

corporation, all of Outlot A, Outlot B, Outlot D, and Out]or E (formerly the park in White Pine Estates), subject to t_be Sole condition that said property be utilized for public recreational purposes consistin9 of a golf COUrse, to be opened for plsy to the general public as described by Exhibit C attached hereto. Even though t_he proposed golf COurse shall be open to the general u.~blic as described herein, the real property on which the golf course is located shall be subject to real property taxes, and not exempt therefrom by virtue of said golf COurse being forever open to the public. ~be conveyance of said Out_lots A, B, and D shall be ma~e as soon as practical after any operational time periods as required by the City Charter or City ordinances, subject ti) the contin_sency noted in Article 4 below (see Exhibit C attached for form of restrictions to be im.zosed by City). e. ~=Dt for P~ Notwithstanding the provisions of article 3d above, Developer shall cause to be placed into escrow the sum of $5100.00, ~icb sum shall be .maid over to the City in the event that the City, at' its option, determines to accept said .=e_vment. It .is acknowledged by City that this sum represents the ~-~ou.~t of .mark land dedication fee ~ich would have been paid had a park land dedication fee been utilized in the platting of h'nite Pine Estates. City further a=knowledges, however, that it has been informed that R~ River P~ills, Inc. 'intends to make a pro~sal to the City, %'hich proposal will be presented witi~in 120 dsys after the fi!in~ of the plat, describin~ an alternative method of urovidins consideration to the City for its conveyance of Outtot E. Bowever, it shall be solely ~ge option of the City as to whether or not to accept said alternative method of