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City o f Edina - City Code <br />Page 18 o f 20 <br />�e depo5�t�d b� `he aRRiic=_ :, in a�cr�•�. ir� <br />i national �r stbte 1��i7x hav�r�� =�ti ofiic.e �rt <br />�� �ity, in�h� ful= amounC �' [' ��'����tit <br />impravement costs, together with a written <br />agreement signed by the applicant and the <br />bankwhereby the funds in escrow will be <br />paid to the City from time to time solely <br />upon the written demand of the City.. to the <br />eactent ❑r ��7� �era�.�it � � LF�� �ppl�c�nt ��.1 u <br />thl� tt'I� �f tht +����menk khi�'F aFl��d <br />by the City. <br />C. Any letter of credit required by the City <br />shall be from a national or state bank <br />approved by the City, shall be <br />unconditional and irrevocable, shall be for <br />the full amount of the unpaid improvement <br />costs, and shall provide that funds will be <br />paid to the City solely upon written <br />demand from time to time of the City to <br />the extent of any default by the applicant <br />as to the terms of the Asreement then <br />all�ged by tl�� —�* �. <br />D. E� kh��� �5 7��r ! kh2� :,:•�� .�P�i;�n�, $II <br />�h�q �n �r� � .4�K�rr.��rs[. ar�a ��Ix be <br />jointly and severally obligated to perform <br />the obligations of applicant under the <br />Agreement. <br />Subd. 3 Development Contracts. When <br />preliminary or final approval has been given to a <br />plat or subdivision, and if modifications or <br />conditions have been imposed in connection with <br />such approval, the applicant shall enter into a <br />Development Contract (herein called the <br />"Development ContracY') embodying the <br />modifications and conditions of approval, and <br />containins such other terms and conditions as the <br />�ity iri�y requEre t� i� F t�, e r-te a ic a� <br />�ffeetive s•rr h mpdifieations �:�:� canditcans. The <br />Development Contract shall be n�,�:���rl of record if <br />requested by the City, at the expense of applicant. <br />810.13 Land Dedication or Cash Contribution. <br />Subd. 'I Dedi�atinq a Portion of Plat or <br />Subdivision. A reasonable portion of any <br />proposed plat or subdivision shall be dedicated to <br />the City for public use for streets, roads, sewer <br />lines, electric lines, gas lines, water lines and <br />facilities.. storm water draina�e and holding areas <br />Of � Iw 3 i•15ir1'I��dr LIC�IIk� ����i irri;Yl�'�t����`��. <br />s �n�- a�9 F.�9iqeer ;hi:Il r4�41Tfl��n�1 44 �:� <br />Council what pnh�an is reasonable, the location, <br />the need and the use. <br />Subd. 2 Land Adjoining Lakes, Ponds or <br />5 trr��ts_ '.�?we ank p�,�! �f su6diuisian ad�ains a <br />�iel�crai k�k�, �-,�d �� s_�t���ti� induding s� ez��,s <br />which ffow only intermittentiv., a s�rip of land <br />running along ail sides which are contiguous to <br />such lake, pond or strearn, which strip shail <br />extend from a line 100 feet upland from the lake <br />or pond, as measured from the high water mark, <br />and 100 feet from the centerline of the stream. <br />JSall G� Q�ther;l� d�d�cated ���Fr� �i�� Ft�r puE��u: <br />Us�, �r �u; sub�ected xo � perpet�al 4�s��a� sn <br />�au�e-r of tha �iky v,r2� �_� in S�r� Eand f`he be <br />and water body of such lake, pond or stream, for <br />http:l/www.ci.edina.mn.uslCityCode/LS-OI—CityCodeSect0�0.hhn ] I:' I .�;��70� <br />