Agenda - Council - 12/13/2005 - Laserfiche WebLink

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R. Violation of This Contract. If the DEVELOPER fails to perform any of the terms of this Contract in the manner required by the CITY, the CITY shall be entitled to recover, from the DEVELOPER or the issuer of DEVELOPER'S financial guarantee, the full amount of any and all financial guarantees. Breach of any of the terms of this Development Contract by the DEVELOPER shall also be grounds for denial of Building Permits for buildings in the Plat. S. Contract Bindina On Successors and Assians. The DEVELOPER agrees that this Development Contract shall be binding upon its successors and assigns. 26. Requirements for Buildin~ and Occupancy Permits. On November 22, 2005, the Ramsey City Council approved entering into an indemnification agreement that allowed Sharp and Associates to begin construction on the proposed building and associated improvements. If said idemnificaiton agreement is not executed by the DEVELOPER and Sharp and Associates, then the following shall apply: No building permit, for any lot in the Plat shall be issued until: (a) a Class 5 driving surface is installed to within 300 feet of the structure; (b) a Certificate of Survey, including that survey information required by the CITY has been supplied to the CITY Building Official; and (c) all the financial guarantees required by the CITY have been satisfied. (d) Permit from the Lower Rum River Watershed Management Organization has been obtained (e) Permit from Anoka County Soil Conservation District has been obtained[if necessary] (f) this Development Contract has been signed and received by the CITY. A footings and foundation permit for the structure has been released due to prior action of the Ramsey City Council. No occupancy permit for any lot in the Plat shall be issued until: (a) vehicular access to the lot is provided including the installation of at least one layer of bitumino~.ts surfacing; (b) all utilities are in place, operational and accepted by the CITY; (c) for lots that have a slope of less than 2%, a certificate of grading, pr~epared by a licensed (State of Minnesota), professional land surveyor, must be provided to the CITY documenting that the flattest grade on this lot is 1% or greater will require certificates of grading; and (d) boulevard sod and landscape tree, or escrow for same, have been provided. 27. Parkland and Trail Dedication. The Subject Property is located-in the Greenland Hills District. In accordance with the Park and Trail Dedication Contract da~ed April 12, 2005, there is a park payment obligation due to the CITY in amount of Twnety Thousand Four Hundred and Five Dollars and no cents ($20,405.00) (4.081 units x $5000/acre). It is noted that the CITY has already received $6.4 million from RAMSEY TOWN CENTER, LLC in land and cash for for park and trail improvements within the Town Center project area, as outlined in the'Master Development Agreement. Sidewalk Construction. The DEVELOPER shall construct and pave, in accordance with CITY standards, a five (5) foot wide concrete sidewalk with pedestrian ramps in locations prescribed by the CITY as shown on the final plat submittal dated November 11, 2005 and as amended by City Staff Review, at a grade not to exceed 5%, Ramsey Town Center llth Addition Development Contract Page 9 of 11 Pages -396-