Agenda - Council - 07/23/1985 - Laserfiche WebLink

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I a. _n~lb~RUCTICIq BY DEVELOPS. Developer shall guarantee that the oonst~uction 'Of the streets together with all necessary ditches, backsloping, I drainage and appurtenant improvements, shall be in accordance with the standards of the City of Ramsey, as found in the City Cbde, and as recommended by the City Engineer. Pursuant to this guarantee, Developer shall post i security in a form a~oroved by the City Attorney guaranteein that construction in oonformance with City standards shall be completed on or before July 1, 1986. Said security shall be in the amount of $353,000.00, which amount represents 150% of the estimated cost of constructing the improve~ents as I determined by the City Engineer. Ail construction as described in this Agreement shall be at the sole expense of the Deve/oper. I I I I I I I I I I I I 3. PARKLAND DEDICATION FEE. The Developer shall pay the City's required park dedication fee in accordance with the current City Code requirenents. 4. RESTRICTIVE COVENANTS. Contemporaneously with and immediately following the recording of the plat, and other documents of conveyance as contemplated by this instrument, Developer shall execute and cause to be recorded protective covenants in a form and manner identical to Exhibit hereto attached. ~he restrictive oovenants shall be su~ect to approval by the 5. GRADING AND DRAINAGE PLAN. The Developer shall comply with the drainage and grading plans attached hereto and incorporated herein as Exhibit "D", which plans shall be as approved by the City E~gineer. 6. E~TENSI~ OF ~ ~. IAN~.. ~he De~eloper shall extend White Tail Lame fr~m its eastern terminus across Outlot C of the P.U.D. to the western terminus of 164th Avenue N.W. This extension, including right-of-way aoquisition and street construction expense, shall be completed at the Developer's expense and completed prior to July 1, 1988. Pursuant to this obligation, Developer shall post security in a form approved by the City Attorney. Said security shall be in the amount of $122,850.00, which amount represents 150% of the estimated cost of constructing the street as determined by the City Engineer. 7. BUILDING PERMITS. Developer agrees that, in compliance with the City O0de, ~o buildin~ permits shall be issued until: (1) the construction bonds above described have been provided, and (2) Class V gravel has been applied to the dedicated streets and the streets have been approved by the City Engineer. 8. ~UUnA~.~. I~T~. Developer warrants that all lots in the P.U.D. will be buildable and specifically Developer shall bring to a buildable condition Lot 2, Block 1 and Lot 2, Block 3 of the P.U.D. "Buildahle condition" as used herein shall be as determined by the City Engi~--cr. ~his requirement shall be competed prior to filing of the P.U.D. plat.