Agenda - Council - 07/27/1993 - Laserfiche WebLink

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Park Dedication. Park dedication shall be sat/stied by the DEVELOPER paying to the CITY for deposit in its park fund, the sum of Six Hundred and Twenty Dollars and no/cents which is $620.00 for each new created lot. Said sum shall be paid to the CITY prior to the Final Plat being released for recording. IV. GENERAL 12. 13. I4. 15o 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. Sa.id expenses shall be pa_id 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, l:ailure 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. Reimbursement to the City. The DEVELOPER agrees to reimburse the CITY for all costs incurred by the CITY in defense or enforcement of this Agreement, or any portion thereof, including court costs and reasonable engineering and attorney's fees. Marketable Title. Prior to recording of the Final Plat, the DEVELOPER shall prowide the CITY proof of marketable title to the Plat either through a currently certified abstract, registered property abstract or title insurance. Certificate of Occupancy. The term "Certificate of Occupancy" as used in this Agreement shall be defined as a document issued by the City's Building Official which authorizes the structure to be used for its intended purposes. ~[nvaliditv of Any Section. If any portion, section, subsection, sentence, clause, paragraph or phase of this Agreement is for any reason held to be invalid by a court of competent jurisdiction, such decision shall not effect or void any of the other provisions of this Agreement. Proof of Authority. When the DEVELOPER is a corporation, the CITY requires proof of authority by the corporation to execute this Agreement. This proof of authority could be satisfied by providing the CITY with a certified copy of minutes of the corporate Board of Directors granting such authority. Recording Of Development Agreement. The DEVELOPER agrees that this Development Agreement shall be recorded in the office of the Anoka County Recorder and agrees that the terms and provisions of this Agreement shall run with the land and shall bind the DEVELOPER, its successor and assigns. Violation of This A~eement. If the DEVELOPER fails to perform any of the terms of this Agreement in the manner required by the CITY, the CITY shall be entitled to recover, from the DEVELOPER or the issuer of DEVELOPER'S financial guarantee, the full ~rnount of any and ali f'mancial guarantees. Breach of any of the terms of this Development Agreement by the DEVELOPER shall', also be grounds for denial of Building Permits for buildings in the Plat.