Laserfiche WebLink
i. A ponding area not to exceed 4 acres generally in the area of the <br />existing pond on Outlot D, River Park; <br />ii. Two ponding areas, not to exceed two acres in total, generally in <br />the area of the two existing smaller ponds on Outlot D, River Park <br />Second Addition. <br />B. Owner will execute and deliver to City drainage and utility easements for <br />the three ponding areas on the City's form. <br />C. Upon execution of this Agreement, payment of the May 15, 2009 and <br />October 15, 2009 payments due on the Existing Assessments, and delivery <br />of drainage and utility easements over the three ponding areas in a form <br />acceptable to City, City shall deliver to Owner a release which shall <br />release the Property from any further obligations under the Development <br />Agreement. <br />IN WITNESS WHEREOF, City and Owner have caused this Agreement to be <br />duly executed and to become effective as of the day and year first above written. <br />CITY OF ELK RIVER <br />By: Stephanie Klinzing <br />Its: Mayor <br />Subscribed and sworn to before me this <br />day of , 2009. <br />Notary Public <br />5 <br />