Agenda - Council - 10/22/2013 - Laserfiche WebLink

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This Agreement includes an a Memorandum of Understanding that 21 st Century Bank shall convey to the City, a trail easement from a publically accessible point within BROOKFIELD THIRD ADDITION, generally westward to the City Trail Corridor adjoining 2lst Century Bank's holdings for the purpose of future construction of the Trott Brook Trail. Park Dedication and Trail Fee proceeds from the Plat will be applied to the Trott Brook Trail, with the City applying for grant funds to supplement the Park Dedication and Trail Fee 'gap' in funding the Trott Brook Trail west of the Brookfield Addition(s). The requested easement is depicted as Exhibit C, attached hereto. n. Drainage Easement to Block 6, BROOKFIELD THIRD ADDITION. On April 30, 2013, 21st Century Bank granted a Temporary Drainage Easement to the CITY. Said temporary easement is located on Outlot A, BROOKFIELD THIRD ADDITION and benefits Block 6, BROOKFIELD THIRD ADDITION. In the event that a phased platting scenario does not result in construction of stormwater infrastructure to replace the existing drainage swale, a new drainage easement shall be recorded encumbering said existing drainage swale. A copy of the Temporary Drainage Easement is attached as Exhibit D, attached hereto. o. Notices. Required notices shall be in writing, and shall be either hand delivered to the Parties, its employees or agents, or mailed to them by certified or registered mail at the following address: 4) TO PERNIITTEE: CAPSTONE HOMES, INC. Attn: Barry Blaine Onufrock, Chief Executive Officer 14015 Sunfish Lake Blvd. NW Ramsey, MN 55303 TO THE CITY: City of Ramsey Attn: City Administrator 7550 Sunwood Drive NW Ramsey, MN 55303 [The remainder of this page is intentionally left blank]