4.3 SR 12-05-2022 - Laserfiche WebLink

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292456 DEVELOPER AGREEMENT OAK PARC PI AZA THIS AGREEMENT, rude and entered into this LT day of A% 1994, by and between the CITY OF ELK RIVER, a municipal corporation organized under the laws of the State of Minnesota (the City), and C-ERALD HAGEN (the Developer); W I T N E S S E T H: WHEREAS, the Developer has made application to the City for approval of a final plat of land within the City described on Exhibit A attached hereto (the Subdivision); and WHEREAS, the City Council by resolution adopted on March 21, 1994, has granted final plat approval to the Subdivision, on the condition. that Developer enter into an agreement with the City governing the provision of certain utilities, services and facilities to the Subdivision and the transfer of certain land interests and payments to the City, so as to fully comply with the Subdivision. Ordinance; NOW, 'WHEREFORE, in consideration of the premises and the mutual promises and conditions hereinafter contained, it is hereby agreed as follows: 1.) War _t of D vel o r - Developer hereby warrants and represents to the City, as inducement to the City's entering into this Agreement, that Developer is the fee owner of the Subdivision. 2.) Mro_v_emeats - No additional streets, sewer or water lines will be required to serve the Subdivision. However, a portion. of 193rd Avenue will need to be reconstructed following the installation of sewer and water lines past the Subdivision. Developer has agreed that the Subdivision will bear its fair share of the cost of this reconstruction, to be assessed in an amount not to exceed $23,650.00. Developer has also agreed to pay special assessments for trunk water and sewer facilities and for lateral sewer and water benefit as provided in this Agreement.