Agenda - Council - 09/22/2015 - Laserfiche WebLink

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Commencing at the Southwest Corner of said East 500 feet of the South 200 feet: thence on an assumed bearine of North 00 degrees 25 minutes 08 seconds East, along the West line of said East 500 feet of the South 200 feet, a distance of 98.19 feet; thence North 33 degrees 01 minutes 23 seconds East a distance of 58.49 feet to the point of beginning of the centerline to be described: thence continue North 33 degrees 01 minutes 23 seconds East a distance of 60.85 feet; thence North 89 decrees 58 minutes 08 seconds East a distance of 159.77 feet: thence South 78 degrees 01 minutes 47 seconds East a distance of 176.04 feet to a point hereinafter referred to as "Point A'": thence South 12 degrees 11 minutes 51 seconds East a distance of 164.00 feet and said centerline there terminating. TOGETHER WITH a 20 foot wide permanent easement for drainage and utility purposes over. under and across said East 500 feet of the South 200 feet (as measured along the East and South lines respectively) of the Northeast Quarter of the Southeast Quarter of Section numbered Twenty-seven. Township Thirty-two North of Range Twenty- five \West. The centerline of said easement is described as follows: Beginning at the aforedescribed "Point A'"; thence North 87 degrees 23 minutes 53 seconds East a distance of 55.00 feet and said described centerline there terminating. AND A permanent 24 foot wide easement for ingress and egress purposes over, under and across the East 500 feet of the South 200 feet (as measured alone the East and South lines respectively) of the Northeast Quarter of the Southeast Quarter of Section numbered Twenty-seven. Township Thirty-two North of Range Twenty-five West. The centerline of said easement is described as follows: Commencing. al the Northeast Corner of said East 500 feet of the South 200 feet; thence on an assumed bearing of South 00 degrees 25 minutes 08 seconds West, along the East line of said East 500 feet of the South 200 feet. a distance of 35.00 feet to the point of beginning of the centerline to be described; thence South 89 degrees 58 minutes 11 seconds West a distance of i 63_27 feet; thence North 45 degrees 47 minutes 57 seconds West a distance of 32.97 feet; thence South 89 degrees 58 minutes 11 seconds West a distance of 277.42 feet and said centerline there terminating. (the `Development Property"); and WHEREAS, the nature of the Site improvements to be performed by the City and of the Minimum Improvements to be constructed by the Developer on the Development Property are fully detailed in that certain Contract for Private Development dated April 25; 2006 between the City and the Developer (the "Agreement"); and WHEREAS, the City desires to have assurance that the Developer will complete the Minimum Improvements following installation of the Site Improvements by the City. NOW, THEREFORE, in consideration of the mutual covenants and obligations of the City and the Developer, the parties agree as follows: 1 _ As security for the Financial Assistance granted to the Developer including the Public Improvements installed on the Development Property and for the benefit of the Development Property by the City, the Developer grants and the City does have a lien on the Development Property. 45