Agenda - Council - 08/22/1989 - Laserfiche WebLink

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1989. and recommended the Developer to proceed to the preliminary plat stage; and WHEREAS, the Ramsey Par~; and Recreation Commission met on March 9,1989, and recommended that cash be used Io satisfy park dedication reDu~rements' and WHEREAS, the Ramsey Planning and Zoning Commission me~ on MaT 2, 1989, and recommended approval of the preliminary plat of Alicia Addition contingent upon compliance to the City; and WHEREAS, the Ramsey City Council met on Ma), 23, 1989, and aPproved the preliminary plat for the Northfork 3rd Addition. NOW THEREFORE, BE IT RESOLVED, THAT THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, GRANT FINAL PLAT APPROVAL FOR NORTHFORK ADDITION CONTINGENT UPON THE FOLLOWING: MARKETABLE TITLE. The Developer providing proof of marketable title for the property lo the City ol Ramsey. PARK DEDICATION REQUIREMENTS. Park dedication shall be satisfied pursuant to the Northlork PUD Addendum to Park Dedication Agreement (dated May 9, 1989) and Northfork PUD Park Dedication Agreement (dated February 19, 1987). Whereby Outlot D and Outlot E are dedicated to the City for park purposes. .IMPROVEMENTS. The Developer will construct improvements shown on the plans as directed by the City Engineer, in accordance wilh the City standards and specifications. These improvemenls include the construction of the street within the plat known as 162nd Lane Northwest, 163rd Lane Northwest and Wolverine Street Northwest; including bituminous surfacing and related ditches, grading, backslopes, drainage and seeding. The Developer shall restore all disturbed area as specified by the City Engineer. The Developer shall also provide erosion control measures during construction. Said improvements shall be completed on or before June 1, 1990 for Phase l, September 1, 1990, for Phase II and November 1, 1990, for Phase 111. the Phase 1, II and III areas are shown on Exhibit A, attached to and made a part thereof of this Agreement. .FINANCIAL GUARANTEE. The Developer shall provide a financial guarantee for the construction of these improvements. This guarantee shall be in the form of cash or City approved Letter of Credit in the amount of Sixteen Thousand Seven Hundred Dollars ($16,700) for Phase I, Eighty Three Thousand Dollars ($83,000) for Phase It and Thirty Five Thousand Dollars ($35,000) for Phase III, which amounts to 125% of the Engineer's estimated cost for such improvements. In addition to the Letter of Credit, the Developer shall post a maintenance guarantee at the time of the completion of the improvements in the amount of Ten thousand dallars ($10,000.00). This security shall be deposited with the City in the form of a cash escrow or a Letler of Credit in a form to be acceptable to the City. This security shall be held by the City for One (1) year from the date of final acceptance of the improvements. GRADING AND DRAINAGE PLAN. The Developer shall comply with grading and drainage plans submitted to and approved by the City Engineer.