Agenda - Council - 03/24/1987 - Laserfiche WebLink

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~is a~ree~ entered ~nto this ~ay cf , 1987, between the City of l~nsey, hereinafter referred to as 'City,' and ~. Allen Sorteber~, here~er referred to as 'Developer,' in cc~juncticn vith plat app£oval of SC~TESEBS'S 5T~ A~DITI(I~. The plat of SORTEBEI~S 5TH ADDITION is hereby granted approval with varia~ms to the soil bor~s a~ tc~a~hy ~equtrements contingent upon the Develc~r ~c~eeing ~o an~ cc~_ .~ying with the foll~fl~ l~ov~ic~s: A~pr~al of S~I-~a~E~'S 5~H A~DITI(I~ shall apply to that property legally descr~-ed as foll(~s.. Outlot A ar~ (~:~lot B, SC~I]~I~'$ 2~D A~DITIC~, according to the ~ecorded plat ~ereof, and that lmrt cf Outlot A, SC~Z~EI~'S 3RD A~DITI(~, according to the recorded plat thereof, lying westerly of the recorded plat of ~'S4TH ADDITION, Anoka County, The Developer ,~m%ll be responsible for the construction of public improvements as shown on the final plat, including streets, dra/nage ease~ents and ponding areas as required by the City Engineer. The Developer shall be responsible for any expense associated with the construction of these improvements. The Developer sba]O, guarantee the construction of 158th Avenue N.W. ~~ ~1 ~rL~~ ~ ~' ~~' dr~/nage and other /m~rovements h~ accordance with the specifications of the City Enginee~, as ~:~pe¢ified in the City Code. Pursuant to this guarantee, the Developers shall post security in the ~mount of $ wb/~ represents 125% cf the const~on costs for the i~prov__-~e___uts ~ e~t~_.~ted by the City ~tneer. ~be security for this guarantee shall be in form approved by the City Council and City Attorney. Said improvements shall be cz~ple~ on or before June l, 1988. 3. The Developer t~AaLl ~estore all disturbed areas on the site as I~e Developer ~11 dedicate the right-of-way easement of 158th Avenue N.W. ID the City. 5.. 'l~ts developme'~t agreement shall be recorded as a part of the D~veloper' s d~:.~o IN W/TNESS ~,~ ~ parties have executed this agreenent this day cf ~ 19~/ o ?/