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Agenda - Economic Development Authority - 09/14/2017
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Agenda - Economic Development Authority - 09/14/2017
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3/17/2025 2:15:00 PM
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10/13/2017 3:34:21 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
09/14/2017
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zoning ordinances and design standards, including The COR Design Standards which are <br />attached hereto as Exhibit B. <br />32. PUBLIC ROADS COST -SHARE. Both the Buyer and Seller understand that various <br />public roadway connections must be constructed as a result of this new proposed <br />development project (a portion of Ramsey Parkway, 145th Ave NW, Center Street, and <br />Willemite Street). The Buyer shall be responsible for twenty percent (20%) of total <br />public roadway project costs. Said 20% assignment to the Buyer shall occur only on <br />public roadway sections located directly adjacent to the Property. Public Roadway costs <br />shall include all roadway costs, such as: roads, utilities, sidewalks, boulevards, <br />landscaping, benches, trash receptacles, curb/gutter, and street lighting. Before the end of <br />the Inspection Period, the Seller and Buyer shall both, in writing, approve an engineer's <br />feasibility report for said public roadway work; which, shall include a cost assignment <br />schedule (and/or reimbursement agreement in the event Buyer agrees to assume <br />responsibility for constructing any of the public roadway connections in conjunction with <br />the construction of its project). <br />Page 11 of 16 <br />
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