2019 09-17 CC PACKET - Laserfiche WebLink

Home

DEVELOPMENT CONTRACT FOR SINGLE-PHASE DEVELOPMENT DEVELOPMENT CONTRACT :FOR THE.LUTHER COMPANY, LLLP THIS AGREEMENT, made and entered into on the day of September, 2019 by and between the. CITY OF Gem Lake, a municipality of the State of Minnesota,. (hereinafter called the CITY), and the OWNER and DEVELOPER identified herein as The Luther Company, LLLP. RECITALS: WHEREAS., the DEVELOPER has applied.. to the CITY for approval of the CONDITIONAL. USE PERMIT; WHEREAS, the DEVELOPER has applied to the. CITY for approval of the. DEVELOPMENT PLANS with the CONDITIONAL USE PERMIT; WHEREAS, in conjunction with the granting of these approvals, the CITY requires the installation and/or availabilitypublic streets; -and Public UtiIities.(Water);. WHEREAS, under authority granted to it; including Minnesota Statutes chapters 412, 429, and 462, the COUNCIL has agreed. to approve the CUP and- DEVELOPMENT PLANS on the following. conditions:. 1. That the. DEVELOPER enter into this DEVELOPMENT CONTRACT, which contract defines the work which the DEVELOPER undertakes to.. complete; anal 2. The DEVELOPER shall provide an irrevocable letter of credit, or cash. deposit; in the amount and with conditions satisfactory to the CITY, providing for the actual construction and installation of such improvements. within the period specified by the CITY. WHEREAS,. the DEVELOPER has filed four (4) complete sets of the DEVELOPMENT PLANS with the CITY; WHEREAS, the DEVELOPMENT PLANS Have been prepared :by a registered professional engineer and have been submitted to. and approved by the CITY ENGINEER. NOW, THEREFORE,. subject to the terms and conditions of this DEVELOPMENT CONTRACT and in reliance upon the: representations, warranties and. covenants of the. parties. herein contained,. the CITY, OWNER and DEVELOPER agree as follows: ARTICLE I 'DEFINITIONS