Laserfiche WebLink
zoning ordinances and design standards, including The COR Design Standards which are <br />attached hereto as Exhibit B. <br />31. 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 />32. CITY PARK PLATTING. Seller acknowledges that Buyer's selection of the Property <br />location and shape was influenced by Seller's representation that a park is planned to be <br />developed directly south of the Property. While Seller cannot guarantee the timing of the <br />park development, Seller agrees to legally dedicate not less than 1.5 acres of land for the <br />park as part of Buyer's final plat (referenced in Section 30 above), precluding such land <br />from being sold or developed for other purposes. With Seller's cooperation, Buyer k <br />shall incorporate the land to be dedicated as a park into Buyer's preliminary plat <br />Page 11 of 16 <br />