Agenda - Council - 01/25/2022 - Laserfiche WebLink

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2. Conditions of Approval. The CITY has approved the Plat subject to satisfaction of the following conditions subsequent: a. The PERMITTEE'S Execution of this Agreement. That the PERMITTEE enter into this Agreement. b. Marketable Title. That prior to recording the Plat, the PERMITTEE shall provide the CITY with proof of marketable title to the Subject Property either through a currently certified abstract, registered property abstract or title insurance commitment or policy. c. Proof of Authority. That the PERMITTEE provide proof that the respective governing boards of the PERMITTEE have authorized the PER1VIITTEE'S execution of this Agreement. This proof of authority may be satisfied by providing the CITY with a certified copy of the minutes of the governing board of each entity which grants such authority. d. Riverdale Drive Extension. The plat for the right-of-way and stormwater ponding required to extend Riverdale Drive west of Llama Street, which includes City purchase of land from Anoka County, must be recorded concurrently with this plat (Riverstone South). The PERMITTEE is not required to contribute to the costs for the public improvement project to extend Riverdale Drive between Llama Street and Bowers Drive, including the removal of the Bowers Drive access to US Highway 10, subject to the approved Cost Share Framework attached hereto as Exhibit E. e. Tree Preservation Area. The PERMITTEE shall convey to the CITY in Fee Title the 7 Acre Tree Preservation Area, Outlot D, as indicated on Exhibit D attached hereto. The conveyance shall happen immediately following the recording of the PLAT. f. Public Park. The PERMITEE shall convey to the CITY in Fee Title Outlot I, the 1-acre public park parcel, at time of Plat being recorded, as indicated on Exhibit C attached hereto. The conveyance shall happen immediately following the recording of the PLAT. Lift Station and Trail. The PERMITTEE shall convey the lift station lot, Outlot F, and the trail easement, Outlot H, to the CITY in Fee Title. The conveyance shall happen immediately following the recording of the PLAT. g. 3. The Plans. The term "Plans" as used in this Agreement means the Final Plat Plans prepared by Carlson McCain, Inc., dated October 6, 2021 and last updated December 15, 2021. The Plans remain subject to: (a) CITY Staff's review and approval of the Plans to, among other things, confirm that the revisions requested in the CITY Staff s review letter have been made; and (b) such further revisions as the PERMITTEE may propose and the CITY approves. The Plans shall not be attached to this Agreement, but are in the CITY'S files. 4. Stage I Improvements. The improvements the PERMITTEE will construct or install are as follows: a. Trunk and lateral sanitary sewer. b. Trunk and lateral water main. c. Storm drainage facilities (when specified). d. Stormwater maintenance through 90 percent buildout. e. Streets. f. Concrete curb and gutter (urban). g. Street traffic control signals. h. Lot grading. 2