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

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Amount $43,114.00 $22,800.00 Description Required Improvements — Site Plan Stage I Improvements - Plat $65,914.00 Total No additional amounts are owed for such charges as of the Effective Date. Payment for any additional amounts owed for such charges shall be the responsibility of Ramdance. Any amounts deposited by Ramdance that remain in escrow upon completion of the respective improvements to the satisfaction of the City shall be refunded to Ramdance. 8. Payment of Connection Charges. Ramdance shall be responsible for the payment of sanitary sewer and water connection charges to the City under Section 9 of the Development Contact in the amount of $98,220.00 on or before the Effective Date. Ramdance shall also be responsible for the payment of storm sewer trunk charges to the City under Section 10 of the Development Contact in the amount of $35,540.00 on or before the Effective Date. 9. Parkland and Trail Dedication. The City acknowledges and agrees that the Park and Trail Dedication Agreement referenced in Section 12 of the Development Contract has been fully executed in accordance with City requirements and that no park dedication fees and trail development fees are owed or will be owed in the future for the development of the Property as Ramsey Town Center 3114 Addition. 10. Cross Easements for Access and Parking. The City has reviewed and approved the operation and easement agreement dated March 8, 2005 recorded against the Property that provides cross easements for access and parking. 11. Monument Parcel. Ramdance shall convey Outlot A, Ramsey Town Center 3rd Addition, by warranty deed to the City upon the recording of the final plat for Ramsey Town Center 3rd Addition in accordance with the Development Contract. The payment for this parcel in the amount of $20,000.00 shall be made by the City to Ramdance. Ramdance shall be responsible for recording the deed and paying the cost of such conveyance. Assignee shall have no right to any portion of this payment. Except for the payment right retained by Ramdance, all rights to review any sign installed by the City on this parcel and to enforce any limitations concerning the sign shall belong to Assignee. The City agrees that payment for this parcel shall not be offset against any amounts owed under the Development Contract. In addition, in the event that Ramdance or Assignee obtain title to the property located at the northeast corner of Sunwood Drive and Armstrong Boulevard, Ramdance or Assignee, as applicable, shall convey to the City a parcel of land via warranty deed that contains up to 1,000 square feet. Any additional land conveyed to the City shall be subject to the same restrictions contained in the Development Contract regarding the first monument parcel conveyed to the City. 12. Plat and Site Plan Approval Expenses. All expenses incurred by the City in the approval of the Site Plan and Plat on or before the Effective Date that are reimbursable under the Development Contract shall be the responsibility of Ramdance. All expenses incurred by the 3