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<br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br /> <br />/11 :C8 <br />. r llJ: ~~ <br /> <br />~1t.litLl l:H(JLL <br />'0'4417<1 ~;) <br /> <br />tHX NU, Ol~ jj~ o8MJ <br />CITY/ELK RIYER <br /> <br />~OOJ <br />NO. G~? P~39.'01O <br /> <br />~ , . <br />; I ...;..; <br /> <br />/22/9jl 16: l6 DRB l'ltNHEAPOUS ~ 4417425 <br /> <br />determine necessary for the purpose of instilling the Trunk Faciliti~s, and such <br />~dit.ional easements or property interests as the City shall determine necessary to <br />extend City wau:.r and ~ S!Wef service to adjacctlt and surrounding <br />propertiea. Owncr~ shalt also grant to ~he City suoh ~ements IU the City shall <br />r~uirc for the Trunk Fadlitic:i eyer the propcny id~tified in~xhibit ~to this <br />P ;tition and Agteem~t. <br /> <br />3. <br /> <br />To provide the City with cash, Ii letter of credit, or some other seo.Jnty acc~ptahlt5 <br />to t~ Ciry, in its ool~ discretion, 10 protect tho City in the event that development <br />ofthe Property does Dot proooed. The amount oflhe security shall be as follows: <br /> <br />a. S It) JJt:J4 to be provided prior to the preparatIon of pla.ns and <br />specification for tho Trunk Faciliti&; ~d <br /> <br />;:~~ <br /> <br />~~y!:l' ",1 <br /> <br />1 L:'::y -::r- -_-.... <br /> <br />--- <br /> <br />The smmty provided slWl be forfeited, in an BmOunt equal to the City's actual <br />costs for the preparation ofPlanB and/or construction cfthe Trunk Ftlcilities, in the <br />event that !. Developer's Agreement for development of the Property is not <br />~ecuted prior to ~mpletion of the Trunk Facilities. <br /> <br />4. <br /> <br />To P&}' the amoUIIt5 a5!.Csscd to ~ Pro~ for the Trunk Facilities as proy;d~d in <br />this Petition aM Agreement. <br /> <br />Own~rs and Dcvclo~ specifically waive MY objection to the City'$ de~ign and <br /> <br />install,~tion of the Trunk Facilities. inchlding any objection to the tlnil.! design ofthe Trunk <br /> <br />Facilities, any obj~on to w final location of the TrutJ<. FaciJlti~, any objecrion to the procedure <br /> <br />pursuant to which the CitY ord~ the Trunk Facilities inst1.l1ed, I:l.I1d any objection to tbe City's <br /> <br />{aiJurt to striCtly follow the notice and oth~ requircmer:tU efM.inne$Ota Statut05 Chapter 429 <br /> <br />'With r~spect to ordering the Trunk Facilities i.nst.4lled. <br /> <br />Owners and Deve1opc:r expressly waive objeotion to any in"egularity With regard. to tbe <br /> <br />assessment of the Property for the Trurtk Facilities, expressly wlUve my claim that the amO\mt <br /> <br />assessed is excessive, and ex:pre~ly waive all rights of appeal, inclu.ding any rights under <br />. <br /> <br />~ ~"1T~.1 <br /> <br />2 <br />