Agenda - Council - 11/12/2013 - Laserfiche WebLink

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Hills District. Per the Master Development Agreement, the City and the Master Developer have negotiated a Park and Trail Dedication Agreement. In accordance with the Park and Trail Dedication Agreement, there are no park dedication or trail development fees owed on this Ramsey Town Center 3rd Addition. The City will not release the Plat mylars for recording until the Park and Trail Dedication Agreement is executed. If the Park and Trail Dedication Agreement is not executed, the City shall release the Plat mylars for recording if the City receives a cash escrow for Park Dedication fees in the amount of Forty One Thousand Three Hundred Eighty Two Dollars and no cents ($41,382.00) (9.5 acres x $4,356.00 per acre) and Trail Development Fees in the amount of Ten Thousand Three Hundred Fifty Five Dollars and no cents ($10,355.00) (9.5 acres x $1,090.00 per acre). This escrow will be released by the City once the Park and Trail Development Agreement is executed. No further park dedication shall be owed for the development of the Subject Property. 13. Strectscape Construction. The Secondary Developer shall construct the Streetscape improvements in accordance with the Final Plans. The costs associated with sidewalk construction are not eligible as a credit towards the Trail Development Fees and/or Park Dedication requirements due on the Plat. 14. Street Cleaning. After the street surfacing is installed, the Secondary Developer shall clear any soil, earth, or debris from the streets within the Plat resulting from any construction within the Plat by the Secondary Developer or its successors and assigns. From time to time, upon reasonable notice to the Secondary Developer with opportunity to cure, the City may remove accumulations of soil, earth and debris from the streets resulting from the construction of the Plat. It shall be the Secondary Developer's responsibility to pay the reasonable costs associated with this necessary street cleaning. Invoices from the City to the Secondary Developer for such costs shall be paid within fifteen (15) days of the date of invoice. 15. Monument Parcel. Upon recording the Plat, the Secondary Developer shall convey Outlot A, Ramsey Center 3rd Addition ("Outlot A") to the City via warranty deed free and clear of any liens from financing by the Secondary Developer for the limited purpose of utlizing a freestanding ground sign. The freestanding ground sign shall be in accordance with the TC-2 zoning regulations and the Ramsey Town Center development guidelines, except that a pylon or monopole support design for this sign shall not be allowed. The freestanding ground sign shall be limited to identifying the project as Ramsey Town Center - listing specific owners and tenants shall be prohibited. Secondary Developer shall have the opportunity to review the freestanding ground sign design prior to installation. In addition, in the event that Secondary Developer obtains title to the property located at the northeast corner of Sunwood and Armstrong, Secondary Developer shall also convey a parcel of land to the City via warranty deed that contains up to 1,000 square feet. The conveyance of this parcel shall include the same limitations as the conveyance of Outlot A. Secondary Developer shall record these deeds and pay the recording fees and deed tax for such conveyances. Secondary Developer shall not be required to provide a title commitment, survey or title insurance policy related to these conveyances. In consideration for said conveyances, the City shall pay the Secondary Developer Twenty Thousand and no1100 Dollars ($20,000.00) for the purchase of Outlot A. This payment shall be made within 15 days after the date of conveyance of Outlot A and filing of the deed with Anoka County. Ramsey Town Center 3rd Addition Development Contract Page 8 of 17 Pages