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shall be ~n the amount of $104,550.00, which amount represents <br />150% of the estimated ~ost 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 ientire plat including Outlots F and G as required t5' <br />the £ity ~Engineer. <br /> <br /> b. ipe_t~t~Q~ for Lo_ca] !mDrovement City acknowledges that <br />it has r~ceived, as of November 9, 1984, a petit]on from 100% of <br />the abutt~ing land owners of the above described street, s, <br />requesting that the City implement and complete the design and <br /> <br />construction of the above named stree*.s. City acknowledges, and <br /> [ <br /> <br />Developer acknowledges, that no final action by the Cit-y ~nrsuant <br />to this r~quest can be_ ~aken prior to early 1985, but that if the <br />City Council at that time acts favorably upon the petition, and <br />determine~ to proceed with said project, assessin~ the cost <br />thereof against t. he abutting properties, then in that event, the <br />Developers shall be released of their obligation to post the <br />securi~' ~equired in paragra.r~n 2a above, but s~hail post such <br />alternative securi~y as is required by the City Code uarsu~nt to <br />the issuance of e_~y general obligat/on bon~s to pay for the cost <br /> <br /> of construction, or other rc~uir~me_nts, if applicable. <br /> 3. CoDvevance of Golf Co~rse La=nd <br /> a. No Par~ Lan~ Ded_J~c~t~on F~ It being acknowledged <br /> that the ~roposed plat of R~ River Hills contains over 100 acres <br /> of land to be_ utilized as a .~b!]c golf course, and said <br /> cfrcum, sta~ce be_lng unique to a plat fn tlne Cfty of Ramsey, the <br /> park lan~ ~ded]cat]on fee shall be. waived. <br /> <br /> b. ~ac~t~on of Park .~ne City acknowledges ~dnat it has, <br /> <br /> <br />