Agenda - Council - 04/08/2014 - Laserfiche WebLink

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IV. PARK DEDICATION: 14. Cash and Land Contribution, The Plat is in the Mississippi Park District. Park dedication shall be satisfied with land for trail corridor on the east boundary of Outlot A and a cash contribution. City Code requires that park dedication shall be based on 5% of fair market value. Park Dedication for the Plat shall be $21,781.00 (25 acres x $17,425.00 per acre x 5%). The cash contribution due shall be credited in the amount of One Thousand Two Hundred Dollars ($1,200.00) (.12 acres x $10,000/acre) for trail corridor. The net cash payment due to the CITY for park dedication is $20,581.00. V. GENERAL: 15.Construction Site Maintenance, The DEVELOPER shall adhere to all City ordinances relating to, but not limited to, dumping of garbage, site development, construction debris, open burning, etc. 16.Plat Approval Expenses. The DEVELOPER agrees that it will pay to the CITY all CITY expenses incurred in the approval of the Plat, including, but not limited to administration expenses, engineering and legal fees. Said expenses shall be paid within fifteen (15) days of billing by the CITY and outstanding billings shall be paid prior to recording of the Final Plat. Any expenses incurred after recording of the Final Plat shall also be paid within said fifteen (15) day billing period. Failure to pay the CITY'S expenses within the fifteen (15) day billing period will permit the CITY to draw upon any of the escrows required by this contract for payment. 17. Reimbursement to the City. The DEVELOPER agrees to cooperate with the CITY for all costs, including engineering and attorney fees, incurred by the CITY in defense or enforcement of this Agreement, with the exception of any litigation costs in which the CITY and the DEVELOPER are adverse parties with respect to this Agreement. 18. Execution of Agreement, The DEVELOPER shall submit to the CITY a tax status confirmation from the Anoka County Auditor's office. All real property taxes and special assessments against the subject property shall be in a current status prior to execution of this Agreement.