Laserfiche WebLink
DEVELOPMENT CONTRACT <br /> CLEARWATER MEADOWS <br /> (City Installed Improvements) <br /> TIES AGREEMENT made this day of 1996, is by and <br /> between the City of Centerville, whose address is 1880 Main Street, Centerville, Mn <br /> 55038, a municipal corporation organized under the law of the State of Minnesota, <br /> hereinafter referred to as the "City ", and K -G Development, Inc., a Minnesota <br /> corporation, whose address is 7526 - 4th Avenue, Lino Lakes, MN 55014, hereinafter <br /> referred to as the "Developer ". <br /> WHEREAS, the Developer has received approval from the City Council for a <br /> preliminary plat of land within the corporate limits of the City known as Clearwater <br /> Meadows, hereinafter called "Subdivision "; and <br /> WHEREAS, the Developer has requested that the City construct and finance <br /> certain improvements to serve the plat; and <br /> WHEREAS, the Developer is to be responsible for the installation and financing of <br /> certain private improvements within the plat; and <br /> WHEREAS, the Developer has petitioned the City of Centerville to undertake <br /> certain public improvements within the plat; and <br /> WHEREAS, said City Subdivision Ordinance and Minnesota Statute 462.358 <br /> authorize the City to enter into a performance contract secured by a bond, cash escrow or <br /> other security to guarantee completion and payment of such improvements following final <br /> approval and recording of final plat; and <br /> WHEREAS, Minnesota Statute 429 provides a method for assessing the cost of <br /> City installed improvements to the benefited property. <br /> NOW, THEREFORE, in consideration of the mutual promises of the parties made <br /> herein, <br /> IT IS AGREED BY AND BETWEEN THE PARTIES HERETO: <br /> 1. DEVELOPER'S IMPROVEMENTS. The Developer will construct and install at <br /> Developer's expense the general improvement construction according to Ordinance #8, <br /> Section 38.01 and other improvements specific to the development herein set forth. <br /> A. Cost of Developer's Improvements, description and completion dates: <br /> 1. Street names and traffic signs <br /> approximately 5 signs @ $250 /each $ 1,250.00 <br /> 2. Establish monuments at lot corners <br /> 31 lots x $250 $ 7,750.00 <br /> 3. Street sweeping 3 each @ $600 $ 1,800.00 <br /> 4. Signage and barricades 3 each for one <br /> year x $200 /each $ 600.00 <br /> 5. City administration for review and compliance of <br /> above 40 hours @ $30.00/hour $ 1,200.00 <br /> 6. Shade Trees Balled and Burlapped <br /> 1 each @ $500.00 x 33 lots $16,500.00 <br /> K- GDEV.WPS Page I <br />