Agenda - Council - 02/08/1994 - Laserfiche WebLink

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WHERI~AS, City Code Section 9.50.50 defmes "Stage I" Improvements and "Stage II" Improvements w~eh defmifion is used herein when reference is made to "Stage I" and "Stage 11" Improvements; and WHEREAS, the DEVELOPER B desires to consumct the Stage I and Stage II improvements, eicept for those Stage II Improvements consumcted by the CITY; and NOW, TI STAG] 1. [EREFORE, the CITY and DEVELOPERS agree as follows: I. g I IMPROVEMENTS AND FINANCIAL GUARANTEES. Ci~iy Code Compliance. That DEVELOPER B will develop the Plat in accordance with the City Code, Section 9.50, entitled "Subdivision" cOnformance with Plan. The Plat. shall be developed pursuant to the f'mal plat coar. sisting of one (1) sheet, prepared by Hakanson Anderson Associates, Inc., entitled Rivenwick 2nd Addition and printed on November 29, 1993. Ina_orv0ration or All City Code Reouirements. That the recitals above and the!provisions of the City Charter, Subdivision Code, Zoning Code and Public ImlSrovement Code of the CITY as amended to date hereof, are incorporated herein by ieference. .Wgland Delineations: DEVELOPER B herein attests to the fact that there are no ~eflands located on the Subject Property..' Sta~e Ilmt~rovements Reouired. DEVELOPER B a~ees to construct the req~ire, xt Stage I Improvements according to the terms and conditions of this cor~act and ha accordance with the DEVELOPERS plans submitted to the CITY, Said plans shall be in general conformance with the Grading and Dra/nage Plafi prepared by Hakanson Anderson Associates, Inc., consisting of one (1) sheet dated Ma3, 5, 1993 and revised on November 23, 1993 and June 1, 1993. The final construction plan for sanitary sewer, storm sewer, waterma.in, and street imp~vements shall be submitted to the City Eng/neer for review and approval prior to donstrucfion. The City Engineer shall have complete access and oversight au~onty over all phases of construcnon of the project. Stage I Improvements shall not be considered complete until accepted by the City Engineer. Construction and Cost Sharing of Riverdale.Drive N,W, Although the development of the Subject Property is not impaced by the construction of Riv~dale Drive N.W., the agreement entered./nto for the development of Riverdale Driee N.W. in the development agreement 'for Pdvenwick is herein recalled as follows: Pdverdale Drive N.W. shall be conswacted in accordance w/th Municipal Stat~} Aid specifications and in phases. Phase I shai1 be constructed to Municipal Smt~ Aid specifications at the.expense of DEVELOPER A. The CITY agrees to crecl~_t, in favor of DEVELOPER A, an amount equal to Twenty Percent (20%) of the ~Ost o~' pavement, curb and gutter, storm sewer, and overhead, exclusive of the valu,~ placed on the right-of-way ~ven toward future construction of Phase II