Agenda - Council - 02/14/2023 - Laserfiche WebLink

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_ y JA dL t adzrdnisicMdve fees, legal fees, inspection fees, intenst fens, costs . f acquisition of; ' easemnm if any. and any other cost incurred by the CI'Ty relating to this Dev op �cnt Ag cn nt and the installation of the a rerncr tior end impr en -its, In .Y. a tiom the DEVELOPER a rc s as follows: DEVELOPER agrees to reimburse the CITE' for all costs described above pertaining to improvcments by special assessments to be levicd against the Subject Property payable over five f years. However, special ass ssMents against each lot in tit Subject Property must be paid in full upon occurrence of any of the following with respect to each such individual lot: Prior to transfer of tine, prior to issuance of an � occupancy perrnit, or upon filing of any liens whichever occurs first. No Certificates or occupancy will be issued ' without prior payment of all outstanding special asssrts a&nst any such lot, (b) Mic DEVELOPER agrees to notify the CITE' of all sales of lots within the Plat. e The DEVELOPER and the CITE' agree that the costs.dcscribcd above pertaining to the improvements shall be assessed against the benefitted property on -a fine year qrt, pursuant to City Code and that the financial guarantee, described in paragraph l r below, will be in force and effect until all such special assessments are paid and all other obligations of DEVELOPER under this Agreement are satisfied. The r Y t and the specific terms of the assessment shall be pursuant to the terms of the "Sunny Ponds Special Assessment Agreerr nt", attached hereto as Exhibit " " and iworpmicd min by reference. The financial guarantee described in paragraph 10 �. way be applied by the CITE' to any of the obligations set forth in this Agreement in the absolutc and sole disc' tion of the City Council. The CITY nay .pursue any ocher renrn y for Worccmcni of such obligations or collection for the costs incurred by the CITY in connecdon therewith, rid is under no obligation to a 'ply the financial gu tntee to any one or number of obligations as long as the CITY determines that then` is a reasonable basis for believing that the dollars remaining in the f nanciaf gumntcc may be needed to assure compliance with ocher remaining obligations of the �. DEVELOPER. i n lo, r r' fi' ��, ,�� The DEVELOPER agrees and under Lands that the CITV has the right, privilege and duthority pursuant to Minnesota Statutes Chaptcr 4 t 5 X R •� - J ,. -- - - . -.- a+ _.,1,..S.Y. /y�. . -1k.y,.. �- •?•.. -.� . •r `'rt Y�:';'.s'a-lw: r'�+ +' .f x�'wrt'-'r.ta+'°J[.f„�_"'�'„ �r�#^'�q'�`-.* - Y -�..r 4v - .r` .. sue^-�.-rw-.. F.+..•-y.. .. ram.. .,.•, t . � . .. _ _ �, .. i - E