Agenda - Council - 05/09/1989 - Closed Executive Session and Regular

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easement reserved shall be for the purpose of providing access across the trail in order to permit homeowners access to the southerly area of Lake Itasca. The exact legal description of said 50.00 foot wide access easement will be determined at the time that the 75.00 foot wide easement is conveyed to the CITY. Fee title to any portion of the 75.00 foot wide permanent easement described on Exhibit "E" above shall be conveyed to the CITY upon the replatting of any portion of Outlot C, Northfork if any portion of the said Plat abuts the easement described on Exhibit "E" Notwithstanding the above, fee title to the said 75.00 foot wide easement describied on Exhibit "E" shall be entirely conveyed to the CITY no later than July 1, 1992. 15. The CITY shall not allow the storage or parking of horse trailers or the unloading or loading of horses on any of the properties adjacent thereto by the terms of the AGREEMENT or ~he ADDENDUM or conveyed to the CITY unless otherwise mutually agreed by the parties hereto. 16. That prior to recording of any final plat for any portion of the Northfork PUD property lying westerly of Andrie Street, the DEVELOPER shall pay to the CITY, the sum of $500.00 per lot created within said plat. 17. In addition to the cash payment required by Paragraph 16 above for the Northfork PUD property lying westerly of Andrie Street, the DEVELOPER and the CITY shall, on or before the platting of no more than 125 lots in said property lying westerly of Andrie Street, determine the location of the two (2) one acre neighborhood parks required by Paragraph 5a of the AGREEMENT. It is understood that such parks may be located in areas other than as indicated in the AGREEMENT and that such two acres could be consolidated into one park, upon mutual consent of the CITY and DEVELOPER.