Laserfiche WebLink
34. <br /> <br />35. <br /> <br /> 7.14 AUAR ROADWAY IMPROVEMENTS. The City and the <br /> Developer acknow4edge the importance of upgrading the regional <br /> roadways with the AUAR Roadway Improvements. The Developer <br /> acknowledges that the AUAR requires mitigation of potential imPacts that <br /> may result from the full build-out of the RTC Project. The Developer will <br /> continue to work with the CitY to pursue alternative strategies, including, <br /> for example, a traffic' demand management plan, to mitigate .any such <br /> impacts, so that the RTC Project complies with-the requirements of the <br /> AUAIK. The City Will construct the AUAR Roadway Improvements. The <br /> Developer acknowledge that the AUAR Roadway Improvements shall be <br /> constructed on a timetable to' be determined by the City. The City may <br /> construct the AUAR Roadway Improvements in one or more phases as it <br /> deems appropriate in its sole and absolute discretion. <br /> <br />Section 7. ! 5 is hereby added to the Master Development Agreement to read as follows: <br /> <br />7.15 STREET SIGNS AND: GROUNDCOVER ESTABLISHMENT. <br /> <br />The City's obligation to construct the AUAR Roadway Improvements <br />includes the obligation to install all street identification' signs and traffic <br />control signs and signals required under the terms of the RTC ControIs or <br />required by any Other Regulatory Agency to serve the AUAR Roadway <br />Improvements. The City must:also, as a part of the cost of construction <br />the Roadway Improvements, seed or sod the boulevards adjacent to the <br />AUAR Roadway Improvements pursuant to the requirements set forth in <br />the Master Development Plan.' Other than seeding or sodding the <br />boulevards pursuant to the preceding sentence, the City is not responsible <br />for any landscaping associated with the AUAR Roadway Improvements. <br /> <br />Section 7.16 is hereby added to the Master Development Agreement to read as follows: <br /> 7.16 ASSESSMENT AGREEMENT FOR AUAR ROADWAY <br /> <br />IMPROVEMENTS. MinneSota Statutes Chapter 429, the City's Charter <br />and the City's Ordinances authorize the' City to assess all or a portion of <br />the cost of the AUAR Roadway Improvements against the property the <br />AUAR Roadway Improvements benefit. The City, the Developer and the <br />Interested Parties agree the AUAR Roadway Improvements will benefit <br />the Unsold Subject Property. 'The City will promptlyI Commence and <br />diligently pursue the actions .necessary to assess $3,00'0,000 of the cost of <br />the AUAR Roadway Improvements "against the Unsold Subject Property <br />pursuant to Minnesota Statutes, Chapter 429. The special assessment will <br />be allocated among the lots and outlots that constitute the Unsold Subject <br />Property pursuant to the percentages set forth on Exhibit F-1. The special <br />assessment will be payable in a.single installment, but the City will defer <br />the obligation to pay the special assessment until the earlier of the date <br />three years after the date the Cit-y levies the special assessment or the date <br />the City approves a final plat replatting all or'a portion of the Unsold <br />Subject Property. Notwithstanding the foregoing, the special assessments <br /> <br />17111(~52v2 <br /> <br />13 <br /> <br /> <br />