2011-12-14 CC Packet - Laserfiche WebLink

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ADDENDUM OF MODIFICATION SUBDIVISION / DEVELOPMENT AGREEMENT Clearwater Creek Estates This document is an agreement to modify and/or add terms to the original Subdivision / Development Agreement effective on July 21 2007, between, the City of Centerville (the "City "), and Jeff and Laura Hanzal (the "Developer "). Wherefore; The parties entered into a Subdivision / Development Agreement signed on July 21 2007, (the "Original Agreement "). Wberefore; The Developer has bound lots within Clearwater Creek Estates with a "Declaration of Covenants, Conditions, and Restrictions ", effective February 29, 2008 (the "Covenants ") on file with the Recorder of Anoka County, and binding those lots legally described as Clearwater Creek Estates, Anoka County, Minnesota, Block 1, Lots: 1, 1A, 2, 2A, 3, 3A, 4, 5, 6, and 6A. Wherefore; The Covenants include a provision which bind the lots and their owners to the Original Agreement with the City. Wherefore; The City agrees to reduce the amount of the Security required of the Developer pursuant to the Original Agreement, and in the amount effective on December 1, 2011. By this document the City agrees to reduce the amount of Security by the amount of $34,164.00. Wherefore; The Developer agrees to grant the City all of its rights and privileges contained in the Covenants, which the City may exercise in its sole discretion, and may exercise