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

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WHEREAS, the Ramsey Plannin¢ and Zonin¢ Commiss¢on met on March 13, 1989, and recommended the Developer to proceed lo the prehminary p~al stage: and V'~H,-,~EAS, the Ramsey Park and Recreation Commission met on March ~,1989, and recommended that cash be used to satisfy park oedioation requirements: and WHEREAS, the Ramsey Planning and Zonin2 Commission met on Ma), 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 May 23, 1989, and approved the preliminary plat for the Northfork 3rd Addition. NOW THEREFORE, BE IT RESOLVED, thai the City Council of the City of Ramsey, Anoka County, Slate of Minnesota, as follows: That final plat approval Resolution # 89-08-. of Norlhfork3rd Addition is granted contingent upon the following: MARKETABLE TITLE. The Developer providing proof of marketable lille for the property to the City of Ramsey. PARK DEDICATION REQU!REMENTS. Park dedicalion shall be satisfied pursuant to the Northfork PUD Addendum lo 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. Co iMPROVEMENTS. The Developer will construct improvements shown on the plans as directed by the City Engineer, in accordance with the City standards and specifications. These improvements include the construction of the street within the plat known as 162nd Lane Northwest, 163rd Lane Northwest and Wolverine Street Northwest; including bituminous sudacing and related ditches, grading, backslopes, drainage and seeding. The Developer shall restore all disturbed ares 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 I, September 1, 1990, for Phase II and November 1, 1990, for Phase Ill. the Phase I, II and Il! areas are shown on Exhibit A, attached to s.nd made a part thereof of this Agreement. FINANCIAL GUARANT=,__~ 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 II and Thirty Five Thousand Dollars ($35,000) for Phase III, which amounts to 125% of the Engineer's estimated cos1 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 dollars ($10,000.00). This security shall be deposited with the City in the form of a cash escrow or a Letter of Credit in a form 1o 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. E. Gq&DING AND DRAINAGE PLAN. The Developer shall comply with grading and drainage