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Home My WebLink About8B - Farrell's 1st Addition MEETING DATE: AGENDA #: PREPARED BY: REVIEWED BY: AGENDA ITEM: DISCUSSION: FISCAL IMPACT: CITY COUNCIL AGENDA REPORT JANUARY 18, 2000 8B JANE KANSIER, PLANNING COORDINATOR DON RYE, PLANNING DIRECTOR () 6 CONSIDER APPROVAL OF RESOLUTION oo-~ APPROVING THE FINAL PLAT AND DEVELOPMENT CONTRACT FOR FARRELL'S 1ST ADDITION History: On October 4, 1999, the City Council adopted Resolution 99-107, approving the preliminary plat for Farrell's 1 st Addition. This plat consists of 0.69 acres to be subdivided into 2 lots for single family dwellings. Lot 1, Block 1, is the site of the existing dwelling. The property is located on the east side of Femdale Avenue and on the north side of Hampton Street. Current Circumstances: The principal requirements for final plat approval include a signed Development Contract with surety for the installation of utilities and streets and the satisfactory completion of all preliminary plat conditions. Staff has reviewed the final plat and finds it to be in substantial compliance with the approved preliminary plat. All of the preliminary plat conditions placed have been satisfied. The Issues: This Development Contract is somewhat unique in that there are no developer improvements required, so no Letter of Credit is necessary. City charges for parkland dedication, collector streets and storm water management are detailed in the attached development contract. Conclusion: A signed copy of the contract is attached to this report. Staffwill be available to discuss the details ofthis contract with the Council. Budget Impact: Approval of this final plat will eventually allow construction of one new single family dwelling, which will contribute to the City's tax base. The required development fees are deposited into the appropriate City accounts. l:\99file!i\9~ubdiv\99fina1\farrells\finalcc.doc Pfl}ti 1 162UU Eagle creeK Ave. S.E., PnorLaKe, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax \5 2) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER 1 I . I ALTERNATIVES: RECOMMENDED MOTION: REVIEWED BY: The City Council has three alternatives: 1. Adopt Resolution OO-XX, approving the final plat for Farrell's 1st Addition and the Developer's Contract. 2. Deny Resolution OO-XX 3. Defer this item and provide staff with specific direction. A motion and second to adopt Resolution OO-XX approving the final plat for Farrell's 1st Addition and authorizing the Mayor and City Manager to sign the Development Contract. v 4 y I~ 1:\99files\99subdiv\99final\farrells\finalcc.doc Page 2 /p RESOLUTION 00 ESOLUTION OF THE PRIOR LAKE CITY COUNCIL TO APPROVE THE FINAL PLAT OF "FARRELL'S 1ST ADDITION" AND DEVELOPMENT CONTRACT AND SETTING FORTH CONDITIONS TO BE MET PRIOR TO RELEASE OF THE FINAL PLAT. MOTION BY: SECOND BY: WHEREAS: the City Council held a hearing and approved the preliminary plat known as Farrell's 1 st Addition, on October 4, 1999, subject to conditions identified by Resolution 99-' 107; and WHEREAS: the City Council has found that the final plat of "Farrell's 1 st Addition" is in substantial compliance with the approved preliminary plat; and WHEREAS: The City Council has received a request for approval of the final plat of "Farrell's 1 st Addition". NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PRIOR LAKE, MINNESOTA, that it should and hereby does approve the final plat subject to the requirement that the following conditions be met, prior to release of, and recording of said plat: 1. A current title opinion or commitment of title insurance be submitted acceptable to the City Attorney. 2. Payment of all fees prior to release of the final plat mylars. 3. Reductions of the entire final plat be submitted, to the following scales: 1" = 800'; 1" = 200'; and one reduction at no scale which fits onto an 81/2" x 11" sheet of paper. 4. Four mylar sets of the final plat with all required signatures be submitted. 5. The developer provide financial security, acceptable to the City Engineer prior to release of the final plat mylars. 6. The final plat and all pertinent documents must be filed with Scott County within 60 days from the date of final plat approval. Failure to record the documents by March 18, 2000, will render the final plat null and void. Passed and adopted this 18th day of January, 2000. YES NO MADER MADER ERICSON ERICSON GUNDLACH GUNDLACH PETERSEN PETERSEN SCHENCK SCHENCK Frank Boyles, City Manager 16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 I Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER I: \99fi les\99subd iv\99final\farrells\rsOOxxcc .doc Page 1 I I r .__.---r~"-' . \, 1 ~oow L 0c:.PrrI ())..j ~Al2.eE:~? 2121~" N //2 SEe: 25 T. COU N rr ROAO 4~ I \ \ OVT'..:JT. 1 OUTl..=- " \0 \. \ .\J5 2 L- L.- ~ \ 13 ,. I ~""I: I I 15TH I I I I \ ",5\ \ z;) \.. \ 3 \ I ' ~, ,: I , I ~ I I I NORTH !~. R ,3! ~ I ~ I ou n.QT ., \~ \ 0 ...\~., :"OO'~ .. . ~ .' ., , 7 ' I 1 ' II, \. NOf-T~\ S'r\OP.:: I I' OA~S. I ' ?RIOR .-~- , 0."': ~~ J I ,. ii t ~ i ; l . !. ~ " i r 1 t i ,- ! :: 1 ~ 1 :f ~ " ~ ~ . ~ ! ,- ~;'1 . II i I ;' I J t \ d. f J l ~ f ! i 1 { !l. '" f r ~ ~J i It !. 5' h j it";. ( ! It Iii 1.1 '" it .. \ I ~ \i I~ .t . \ s i v, ~ ~. Q () . ~;B ,p \; :1 ~ 2 ~ .~ ~ 0:" ~'" ill ~ a V ~ .. ~ !1 Il o. ~ ~i . I" P ~!l -" J~ A a 1 ,. '" .. ~ l- I ! 2. N m ~ '" ~ ='1 -i I- I;:'. ..., '" ~ ~ 1 I "f (5 I~ t~ ~ !~ ~. 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Ii .~ a- i- I! ,. l"l ~. ~ :,.1"'::.'.;.; ~ ~ ,~ .~ ~ ;:d ~ ~ ~ ~ ~ .~ ,/ DEVELOPMENT CONTRACT FARRELL'S FIRST ADDITION ~ROJECT #99-41 AGREEMENT dated January 18, 2000, by and between the CITY OF PRIOR LAKE, a Minnesota municipal corporation ("City"), and Douglas G. Farrell and Donna M. Farrell (the "Developer"). 1. REQUEST FOR PLAT APPROVAL. The Developer has asked the City to approve a Plat for Farrell's First Addition (referred to in this Contract as the "Plat"). The land is legally described as shown on attached Exhibit A which is incorporated herein as if fully set forth. 2. CONDITIONS OF PLAT APPROVAL. The City hereby approves the Plat on condition that the Developer enter into this Contract, furnish the security required by it, and record the Plat with the County Recorder or Registrar of Titles within 60 days after the City Council approves the final Plat. 3. RIGHT TO PROCEED. Within the Plat or land to be platted, the Developer may not construct sewer lines, water lines, streets, utilities, public or private improvements, or any buildings 1: \99files\99subdiv\99final\farrells\dvcntrct.doc 1 01106/00 ! / . . , ., 1. \ until all the following conditions have been satisfied: 1) this Contract has been fully executed by both parties, 2) the necessary security, development fees and insurance have been received by the City, and 3) the City Engineer or Designee has issued a letter that all conditions have been satisfied and that the Developer may proceed. The foregoing restriction on the Developer's "Right To Proceed" does not apply to grading or other approvals set forth in Resolution No. 99-107, dated October 4, 1999, approving the Preliminary Plat for Farrell's First Addition. 4. PHASED DEVELOPMENT. If the Plat is a phase of a multiphased preliminary Plat, the City may refuse to approve [mal Plats of subsequent phases if the Developer has breached this Contract or the Resolution approving the Final Plat and the breach has not been remedied. Development of subsequent phases may not proceed until Development Contracts for such phases are approved by the City. Fees and charges collected by the City in connection with infrastructure and public improvements are not being imposed on outIots, if any, in the Plat that are designated in an approved preliminary Plat for future subdivision into lots and blocks. Such charges will be calculated and imposed when the outlots are subdivided into lots and blocks. 5. PRELIMINARY PLAT STATUS. If the Plat is a phase of a multiphased preliminary Plat, the Developer shall submit a Staging Plan for City Council approval which may allow the Developer more than one (1) year to subdivide the property into lots and blocks. 6. DEVELOPMENT PLANS. The Plat shall be developed in accordance with the following plans. The plans shall not be attached to this Contract, but are incorporated by reference and made a part of this Contract as if fully set forth herein. If the plans vary from the written terms of this Contract, the written terms shall control. The plans are: Plan A -- Final Plat Dated 10/12/99 (prepared by Valley Surveying Company) 1: \99files\99subdiv\99final\farrells\dvcntrct.doc 2 11/22/99 11 --1--- ..I ~ 7. DEVELOPER IMPROVEMENTS. The Developer shall install and pay for the following: A. Site Grading and Ponding B. Underground Utilities C. Setting of Iron Monuments D. Sidewalks and Trails E. Landscaping The improvements shall be installed in accordance with the City subdivision ordinance; City standard specifications for utilities and street construction; the City I s Public Works Design Manual and any other applicable City ordinances, all of which are incorporated herein by reference. The Developer shall submit plans and specifications which have been prepared by a Minnesota registered professional civil engineer to the City for approval by the City Engineer. The Developer shall obtain all necessary permits from the Metropolitan Council and other agencies before proceeding with construction. The Developer, its contractors and subcontractors, shall follow all instructions received from the City's authorized personnel. The Developer or his engineer shall schedule a preconstruction meeting with all parties concerned, including the City staff, to review the program for the construction work. Before the security for the completion of utilities is released, iron monuments must be installed in accordance with Minn. Stat. ~ 505.02. The Developer's surveyor shall submit a written notice to the City certifying that the monuments have been installed. 8. DEVELOPER SERVICES. The Developer shall be responsible for providing all other construction services including, but not limited to: a. Construction surveying 1: \99files\99subdiv\99final\farrells\dvcntrct.doc 3 11122/99 ., r b. As-built drawings of grading plans. c. As-built drawings showing location, dimensions and elevations of all utility improvements, including but not limited to top nut of hydrants, manhole rims, manhole inverts. (Tie dimensions to sewer and water services from City staff or City consultants.) d. Project Testing: The Developer is responsible through its testing company, at the Developer's cost, to provide testing to certify that Developer Improvements were completed ~n compliance with the approved fmal plans and specifications. The personnel performing the testing shall be certified by the Minnesota Department of Transportation. The City Engineer may require additional testing if in his opinion adequate testing is not being performed. The cost of additional testing is to be paid by the Developer. e. Lot corners and monuments 9. BOULEVARD AND AREA RESTORATION. The Developer shall seed or lay cultured sod in all boulevards within 30 days of the completion of street related improvements and restore all other areas disturbed by the development grading operation in accordance with the approved erosion control plan. Upon request of the City Engineer, the Developer shall remove the silt fences after turf establishment. 10. SUBDNISION MONUMENTS. The Developer shall install all subdivision monumentation within one year from the date of recording the plat, or the monumentation shall be installed on a per lot basis at the time the building permit for the subject lot is issued, whichever occurs first. At the end of the one year period from recording of the Plat, the Developer shall submit to the City Engineer written verification by a registered land surveyor that the required monuments have been installed throughout the plat. 1: \99files\99subdiv\99final\farrells\dvcntrct.doc 4 11/22/99 I I m -r-_. .. t 11. OCCUPANCY. A permanent Certificate of Occupancy shall not be issued for any building in the plat until water and sanitary sewer improvements have been installed and the streets have been completed and the fIrst lift of bituminous has been placed and said improvements have been inspected and determined by the City to be available for use, 12. LICENSE. The Developer hereby grants the City, its agents, employees, offIcers and contractors a non-revocable license to enter the Plat to perform all work and inspections deemed appropriate by the City in conjunction with Plat development. 13. EROSION CONTROL. Prior to initiating site grading, the erosion control plan, Plan B, shall be implemented by the Developer and inspected and approved by the City. The City may impose additional erosion control requirements if, in the City Engineer's opinion they are necessary to meet erosion control objectives at no cost to the City. All areas disturbed by the excavation and backfilling operations shall be reseeded forthwith after the completion of the work in that area. All seeded areas shall be mulched, and disc anchored as necessary for seed retention. The parties recognize that time is of the essence in controlling erosion. If the Developer does not comply with the erosion control plan and schedule or supplementary instructions received from the City, the City may take such action as it deems appropriate to control erosion. The City will endeavor to notify the Developer in advance of any proposed action, but failure of the City to do so will not affect the Developer's and City's rights or obligations hereunder. If the Developer does not reimburse the City for any cost the City incurred for such work within ten (10) days, the City may draw down the letter of credit to pay any costs. No development, utility or street construction will be allowed unless the Plat is in full compliance with the erosion control requirements. 1: \99files\99subdi v\99final\farrells\dvcnlrct. doc 5 11/22/99 ..r 14. CLEAN UP. The Developer shall daily clean dirt and debris from streets that has resulted from construction work by the Developer or its agents. Prior to any construction in the Plat, the Developer shall identify in writing a responsible party for erosion control, street cleaning, and street sweepmg. OWNERSHIP OF IMPROVEMENTS. Upon completion of the Developer 15. Improvements required by this Contract and final written acceptance by the City Engineer, the improvements lying within public easements shall become City property without further notice or action. 16. CITY ADMINISTRATION. The Developer shall pay a fee for City administration. City administration will include all activities necessary to implement this Developer's Contract. These activities include, but are not limited to, preparation of the Development Contract, consultation with Developer and its engineer on the status of or problems regarding the project, project monitoring during the warranty period, processing of requests for reduction in security, and City legal expenses. Fees for this service shall be six percent (6%) of the estimated construction cost as detailed in Exhibit E, less oversizing costs outlined in Exhibit D, Section A, assuming normal construction and project scheduling. The provisions of this paragraph are subject to adjustment pursuant to Paragraph 32 of this Development Contract. 17. CITY CONSTRUCTION OBSERVATION. The Developer shall pay six percent (6%) of the estimated construction cost, less oversizing costs outlined in Exhibit D, Section A, for construction observation performed by the City I S authorized personnel. Construction observation shall include, but is not limited to, part or full-time inspection of proposed grading, public utilities and street construction. The provisions of this paragraph are subject to adjustment pursuant to Paragraph 32 of this Development Contract. 1: \99files\99subdiv\99final\farrells\dvcntrct.doc 6 11/22/99 1 I --.-----r-- r-.-------- ., , 18. STORM WATER MANAGEMENT FEE. The Developer shall pay a storm water management fee of $954.00 prior to the City signing the final Plat. The amount was calculated as follows: 0.30 acres at $3,180.00 per acre. 19. COLLECTOR STREET FEE. This Development Contract requires the Developer to pay a collector street fee of $450.00 for collector street improvements prior to the City signing the fInal Plat. The amount was calculated as follows: 0.30 acres at $1500.00 per acre. 20. PARK AND TRAIL DEDICATION. The Developer shall dedicate to the public an amount of cash or land or a combination of both as established by the Parks and Recreation Director. In lieu of contributing land for park dedication, the Developer shall pay a cash amount of $390.00. This amount was calculated as follows: Gross area of the plat: 0.30 acres X 10% X $13,000.00 (the current fair market value of the land per acre as established by the Prior Lake City Council). The fee shall be paid prior to the City signing the [mal Plat. . 21. TRAFFIC CONTROL SIGNS. STREET SIGNS. AND STREET LIGHTS AND OPERATIONAL COSTS. Before the City signs the fmal Plat, the Developer shall pay to the City $0.00 for installation of traffic control signs and street signs. The Developer shall be financially responsible for the installation of street identification signs and non-mechanical and non-electrical traffic control signs. Street signs will be in conformance with the names as indicated on the Plat and pursuant to City standards. The actual number and location of signs to be installed shall be determined by the City and actual installation shall be performed by City authorized personnel. The Developer is responsible for the installation of the street lighting. The Developer shall pay the full capital cost of every light to be installed; this includes poles, fixtures, underground wiring, and all appurtenant work. The street light plan must be acceptable to the City Engineer and in accordance with Exhibit F. I: \99files\99subdiv\99final\farrells\dvcntrct.doc 7 11/22/99 .' ~ 22. LANDSCAPING (Single-Family Residential). Each residential lot in the Plat must have at least two (2) front yard trees as required in the Subdivision provisions of the City Code. The Developer or lot purchaser shall plant the two (2) front yard trees on every lot in the Plat which does not already meet this requirement at the time of the building permit. The trees shall be planted according to the requirements for subdivision trees as set forth in the Subdivision provisions of the City Code. The Developer or lot purchaser shall sod the front yard, boulevard, and side yards to the rear of every structure on every lot prior to the issuance of the fmal occupancy permit. If this section is to be satisfied by existing trees, a tree protection security may also be required. Upon satisfactory completion of the landscaping, the escrow funds, without interest, less any draw made by the City, shall be returned to the person who deposited the funds with the City. If the required landscaping is not installed the City is granted a license to enter upon a lot and install the landscaping using the escrowed funds. deposited by the builder at the time the building permit was issued. 23. TREE PRESERVATION AND REPLACEMENT. Tree Preservation and Plans shall be submitted to the City with an application for a building permit on Lot 2, Block 1, Farrell's First Addition. At that time, the Developer shall provide a [mandai guarantee based on an amount equal to 125 % of the estimated cost to furnish and plant the replacement trees. The estimated cost shall be provided by the Developer subject to approval by the City, and shall be at least as much as the reasonable amount charged by nurseries for the furnishing and planting of replacement trees. The security shall be maintained for a least one (1) year after the date the last replacement tree has been planted. At the end of such year, the portion of the security equal to 125 % of the estimated cost of the replacement trees which are alive and healthy may be released. Any portion of the security not entitled to be released shall be maintained and shall secure the Developer's obligation to remove and replant 1: \99files\99subdiv\99final\farrells\dvcntrct. doc 8 11/22/99 1 I . ---'~--r--'-_._-------,--.".._._---~--_._'----_.'- r .' , replacement trees which are not alive or are unhealthy, and to replant missing trees. Upon completion of the replanting of these trees, the entire security may be released. 24. SECURITY. To guarantee compliance with the terms of this Contract, payment of real estate taxes including interest and penalties, payment of special assessments, payment of the costs of all public improvements, and construction of all public improvements, the Developer shall furnish the City with an Irrevocable Letter of Credit in an amount equal to 125 % of the estimated Developer Improvement Costs. The Irrevocable Letter of Credit shall be in the form attached hereto, from a bank ("Security") for $0.00, plus a cash fee of $1,794.00 for City Development Fees. The amount of the Security was calculated as follows: DEVELOPER IMPROVEMENTS COSTS: Sanitary Sewer $ 0.00 Watermain $ 0.00 Storm Sewer $ 0.00 Streets/Sidewalks/Trails $ 0.00 Landscaping $ 0.00 Tree Preservation and Replacement $ 0.00 Erosion Control $ 0.00 ESTIMATED DEVELOPER IMPROVEMENTS SUBTOTAL $ 0.00 X 1.25 TOTAL FOR IRREVOCABLE LETTER OF CREDIT AMOUNT $ 0.00 CITY DEVELOPMENT FEES: City Administration Fee (6 % ) $ 0.00 City Construction Observation (6 %) 1: \99files\99subdiv\99final\farrells\dvcntrct.doc 9 11/22/99 $ 0.00 .. r Storm Water Management Fee $ 954.00 Sanitary Sewer and Watermain Trunk Area Charges $ 0.00 Collector Street Fees $ 450.00 Park Dedication Fee (if in lieu of land) (24) $ 390.00 '. Street and Traffic Control Signs (25) $ 0.00 TOTAL CITY DEVELOPMENT FEES $ 1,794.00 25. OVERSIZING. City and Developer agree that the Developer Improvements should be oversized for the benefit of future development. Oversizing is the construction of a Developer Improvement to City specifications that exceeds those that would otherwise be required of the Developer. Oversizing improvements include, but are not limited to, sanitary sewer, water, grading, and road improvements. City and Developer agree that the cost of system oversizing to be reimbursed to the Developer is $0.00 based upon a cost estimate as determined by both quotes received from the Developer's subcontractor and the City Engineer using the City's Assessment Policy based on a fmal engineering design. The calculation for oversizing is attached as Exhibit D. If the City Engineer determines additional work as the result of oversizing is required, the City shall reimburse the Developer for the costs associated with this work. 26. CLAIMS. A. City Authorized to Commence Interpleader Action. In the event that the City receives claims from labor, materialmen, or others that work required by this Contract has been performed, the sums due them have not been paid, and the laborers, materialmen, or others are seeking payment from the City, the Developer hereby authorizes the City to commence an Interpleader action 1: \99files\99subdiv\99final\farrells\dvcntrct.doc 10 11/22/99 I I 1 ----~--.--r--._._._...._----- .. , pursuant to Rule 22, Minnesota Rules of Civil Procedure for the District Courts, to draw upon the Security in an amount up to 125 % of the c1aim(s) and deposit the funds in compliance with the Rule, and upon such deposit, the Developer shall release, discharge, and dismiss the City from any further proceedings as it pertains to the letters of credit deposited with the District Court, except that the Court shall retain jurisdiction to determine attorneys' fees pursuant to this Contract. B. Prompt Payment to Subcontractors Required. The Developer shall pay any subcontractor within ten (10) days of the Developer's receipt of payment by the City for undisputed services provided by the subcontractor. If the Developer fails within that time to pay the subcontractor any undisputed amount for which the Developer has received payment by the City, the Developer shall pay interest to the subcontractor on the unpaid amount at the rate of 1 V2 percent (1.5 %) per month or any part of a month. The minimum monthly interest penalty payment for an unpaid balance of $100 or more is $10. For an unpaid balance of less than $100, the Developer shall pay the actual interest penalty due to the subcontractor. A subcontractor who prevails in a civil action to collect interest penalties from the Developer shall be awarded its costs and disbursement, including attorney's fees. incurred in bringing the action. (See Minn. Stat. ~471.425, Subd. 4a.) 27. SPECIAL PROVISIONS. The following special provlSlons shall apply to Plat development: A. Implementation of the conditions listed in the Resolution approving the final plat. B. The Developer is required to submit the final Plat in electronic format. The electronic format shall be compatible with the City's software (AutoCAD Release 13). C. The provisions of Minn. Stat. ~462.358 are incorporated herein as if fully set forth. If any of the provisions, criteria, performance standards or the like in this Development contract 1:\99files\99subdiv\99final\farrells\dvcntrct.doc 11 1l/22/99 .. . ~ or in any City Ordinance applicable to this Development Contract are more stringent than those set forth in Minn. Stat. ~462.358, the more stringent provision, criteria, performance standard or the like shall apply. 28. RESPONSIBILITY FOR COSTS. . A. Once the City Engineer approves the construction costs or estimates for the developer Improvements, except those that are subject to oversizing as described in Paragraph 32 of this. Development Contract, there will not be any reimbursement to the City by the Developer or to the Developer by the City for City Administration or Construction Observation Fees. The Developer shall not be responsible for paying City Administration or Construction Observation Fees on the construction costs or estimates associated with oversizing. B. The Developer shall reimburse the City for costs incurred in the enforcement of this Contract, including engineering and attorneys I fees. C. The Developer shall pay in full all bills submitted to it by the City for obligations incurred under this Contract within thirty (30) days after receipt. If the bills are not paid on time, the City may halt Plat development and construction until the bills are paid in full. Bills not paid within thirty (30) days shall accrue interest at the rate of eighteen percent (18%) per year. 29. DEVELOPER'S DEFAULT. In the event of default by the Developer as to any of the work to be performed by it hereunder, the City may, at its option, perform the work and the Developer shall promptly reimburse the City for any expense incurred by the City, provided the Developer, except in an emergency as determined by the City, is fIrst given notice of the work in default, not less than 48 hours in advance. This Contract is a license for the City to act, and it shall not be necessary for the City to seek a Court order for permission to enter the land. When the City does any such work, the City 1: \99files\99subdiv\99final\farrells\dvcntrct.doc 12 11122/99 1 I lr .-. T..------.-...-.-...-.--- .. ..:0 may, in addition to its other remedies, assess the cost in whole or in part against all or any portion of the property within the Plat. The Developer hereby waives any and all procedural or substantive objections to any special assessment levied to pay the cost to remedy a Developer default, including but not limited to hearing requirements and any claim that the assessment exceeds the benefit to the Property. 30. INDEMNIFICATION. Developer shall indemnify, defend, and hold the City, its Council, agents, employees, attorneys and representatives harmless against and in respect of any and all claims, demands, actions, suits, proceedings, liens, losses, costs, expenses, obligations, liabilities, damages, recoveries, and deficiencies, including interest, penalties, and attorneys' fees, that the City incurs or suffers, which arise out of, result from or relate to this Development Contract. The responsibility to indemnify and hold the City harmless from claims arising out of or resulting from the actions or inactions of the City, its Council, agents, employees, attorneys and representatives does not extend to any willful or intentional misconduct on the part of any of these individuals. 31. MISCELlANEOUS. A. The Developer represents to the City that the Plat complies with all county, metropolitan, state, and federal laws and regulations, including but not limited to: subdivision ordinances, zoning ordinances, and environmental regulations. If the City determines that the Plat does not comply, the City may, at its option, refuse to allow construction or development work in the Plat until the Developer does comply. Upon the City's demand, the Developer shall cease work until there is compliance. B. Developer shall be responsible for all street maintenance until final written acceptance by the City of the Developer Improvements . Warning signs and detour signs, if determined to be necessary by the City Engineer, shall be placed when hazards develop in streets to prevent the 1:\99files\99subdiv\99final\farrells\dvcntrct.doc 13 11/22/99 .' , public from traveling on same and directing attention to detours. If and when streets become impassable, such streets shall be barricaded and closed. For the purpose of this subparagraph, "street maintenance" does not include snow plowing or normal sweeping. C. Third parties shall have no recourse against the City under this Contract. D. Breach of the terms of this Contract by the Developer shall be grounds for denial of building pennits, including those sold to third parties, and shall be grounds for the City to order al~ work on the Plat to cease. E. If any portion, section, subsection, sentence, clause, paragraph, or phrase of this Contract is for any reason held invalid, such decision shall not affect the validity of the remaining portion of this Contract. F. Grading, curbing, and one lift of bituminous shall be installed and accepted on all public streets prior to issuance of any certificates of occupancy, except for model purposes only, a maximum of ten percent (10%) of the total lots in the active phase of the subdivision may be issued building pennits prior to utility and street construction. All such lots must be readily accessible for inspection by way of a two wheel drive vehicle, but in no case shall the distance exceed 300 feet of an existing roadway. If certificates of occupancy are issued prior to the completion and acceptance of Developer Improvements, the Developer assumes all liability and costs resulting in delays in completion of Developer Improvements and damage to Developer Improvements caused by the City, Developer, its contractors, subcontractors, materialmen, employees, agents, or third parties. No sewer and water connection pennits may be issued and no permanent certificates of occupancy may be issued until the streets needed for access have been paved with a bituminous surface and the Developer Improvements including utilities are accepted by the City Engineer. 1: \99files\99subdiv\99final\farrells\dvcntrct.doc 14 11/22/99 T I --y---------.--r----------.-- .. / G. The action or inaction of the City shall not constitute a waiver or amendment to the provisions of this Contract. To be binding, amendments or waivers shall be in writing, signed by the parties and approved by resolution of the City Council. The City's failure to promptly take legal action to enforce this Contract shall not be a waiver or release. H. This Contract shall run with the land. The Developer, at his/her sole expense, shall record this Contract against the title to the property within ten (10) days of the City Council '.~ approval of the Contract. The Developer shall provide the City with a recorded copy of the Contract. The Developer covenants with the City, its successors and assigns, that the Developer is well seized in fee title of the property being fmal platted and/or has obtained consents to this Contract, in the form attached hereto, from all parties who have an interest in the property; that there are no unrecorded interests in the property being fmal platted; and that the Developer will indemnify and hold the City harmless for any breach of the foregoing covenants. I. Developer, at its sole cost and expense, shall take out and maintain or cause to be taken out and maintained, until the expiration of the warranty period(s) on the Developer Improvements, public liability and property damage insurance covering personal injury, including death, and claims for property damage which may arise out of Developer's work or the work of its subcontractors or by one directly or indirectly employed by any of them. Limits for bodily injury and death shall be not less than $1,000,000 for one person and $2,000,000 for each occurrence; limits for property damage shall be not less than $500,000 for each occurrence; or a combination single limit policy of $1,000,000 or more. The City shall be named as an additional insured on the policy, and the Developer shall file with the City a certificate evidencing coverage prior to the City signing the Plat. The certificate shall provide that the City must be given thirty (30) days advance written notice of the cancellation of the insurance. 1: \99files\99subdiv\99final\farrells\dvcntrct.doc 15 11122/99 .. I J. Each right, power or remedy herein conferred upon the City is cumulative and in addition to every other right, power or remedy, express or implied, now or hereafter arising, available to City, at law or in equity, or under any other agreement, and each and every right, power and remedy herein set forth or otherwise so existing may be exercised from time to time as often and in such order as may be deemed expedient by the City and shall not be a waiver of the right to exercise at any time thereafter any other right, power or remedy. K. The Developer may not assign this Contract without the prior written approval of the City Council. The Developer's obligation hereunder shall continue in full force and effect even if the Developer sells one or more lots, the entire Plat, or any part of it. 32. AMENDMENTS. Developer hereby acknowledges that the City is working with the Developer Community through a series of "Developer Workshops" to standardize its Development Contract. If the City Council approves a standardized Development Contract, and the terms, provisions or conditions thereof differ materially from the terms, provision or conditions herein, City agrees it will amend this Development Contract, if requested by the Developer, to be consistent with the provisions and the approved standardized Development Contract referenced herein. If a standardized Development Contract provides for fees that differ from those set forth in this Development Contract, the fees in this Development Contract will be amended to be consistent with the fees established in a standardized contract. Not withstanding the foregoing, no amendment to this Development Contract shall be made unless both parties agree in writing to the amendment. 33. NOTICES. Required Notices to the Developer shall be in writing, and shall be either hand delivered to the Developer, its employees or agents, or mailed to the Developer by certified mail at the following address: Douglas G. Farrell, 5286 Hampton Street NE, Prior Lake, Minnesota, 55372. 1: \99files\99subdiv\99final\farrells\dvcntrct.doc 16 11/22/99 11 1 --y- Notices to the City shall be in writing and shall be either hand delivered to the City Manager, or mailed to the City by certified mail in care of the City Manager at the following address: City of Prior Lake, 16200 Eagle Creek Avenue, Prior Lake, Minnesota 55372-1714. Concurrent with providing Notice to the City, Notice(s) shall be served upon the City Attorney Sues an Lea Pace, Esq. at Halleland Lewis Nilan Sipkins & Johnson, Pillsbury Center South, 220 South Sixth Street, Suite 600, Minneapolis, Minnesota, 55402-4501. 34. INTERPRETATION. This Development Contract shall be interpreted in accordance with and governed by the laws of the State of Minnesota. The words herein and hereof and words of similar import, without reference to any particular section or subdivision, refer to this Contract as a whole rather than to any particular section or subdivision hereof. Titles in this Contract are inserted for convenience of reference only and shall be disregarded in constructing or interpreting any of its prOVIsIOns. 35. JURISDICTION. This Contract shall be governed by the laws of the State of Minnesota. CITY OF PRIOR LAKE (SEAL) By: Wesley M. Mader, Mayor By: Frank Boyles, City Manager Reviewed for Form and Execution: By: Suesan Lea Pace City Attorney 1:\99files\99subdiv\99final\farrells\dvcntrct.doc 17 11/22/99 DEVELOPER: ~~i fj~.9 d~ By: ~!M/ ~ ~/~/ Its: I . STATE OF MINNESOTA ) ( ss. COUNTY OF SCOTT ) The foregoing instrument was acknowledged before me this day of , 19 - - by Wesley M. Mader, Mayor, and by Frank Boyles, City Manager, of the City of Prior Lake, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. NOTARY PUBLIC COUNTY O~"- ) ( ss. ) STATE OF MINNESOTA The foregoing instrument was acknowledged before me thisZ2>~ day Of~c..'fI'4lI\.'\.t--, 1~, by . · · \ , . DRAFTED BY: Campbell, Knutson, Scott & Fuchs, P.A. 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, Minnesota 55121 (612) 452-5000 SLP:kgm L;.\\f\D !WAN NOTARY PUSllC.:,.::~lNESOTA SCOTT mu: :TY lAy Cot:1miss:on 8cplf<iO.JIl 31,2000 ~~ ~-':.~ ,~..('.,:~. ......:: ' .. ". :;;--, :\ I: \99files\99subdiv\99final\farrells\dvcntrct.doc 11/22/99 18 1 I I - FEE OWNER CONSENT TO DEVELOPMENT CONTRACT , fee owners of all or part of the subje perty, the development of which is governed by the foregoing Development Contract, affIrm and consent to the provisions thereof and agree to be bound by the provisions as the same may apply to that portion of the subject property owned by them. Dated this~ day O~(.___Mr-, 19~. 1. /; ~.7 -,.I - . . (""-'Mt/.4d./ I ~ 1J(L/--!/ ~)o4~d-l STATE OF MINNESOTA COUNTY o6.0~ ) ( ss. ) The ""regoing instrumeoj wR acknowledged be~ me this ;1Jl:!.{t.. day Of!Je.,-'o:!,..-, 1~, bYclJu~~ ~. ~ ",t)6,^\/V.. fI\l\.. ~v-V"-e\\ . DRAFTED BY: Campbell, Knutson, P.A. 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, Minnesota 55121 (612) 452-5000 SLP:kgm ..;~,..... .' DAVID RYAN NOTARY PUBLIC-MINNESOTA scon COUNTY My Commission Expires Jan. 31,2000 1: \99files\99subd iv\99final\ farre lls\d vcntrct. doc 11/22/99 19 MORTGAGEE CONSENT TO DEVELOPMENT CONTRACT Chase Mortgage Company-West f/k/a Mellon Mortgage Corporatio.n , which holds a mortgage on the subject property, the development of whicl:1 is governed by the foregoing Development Contract, agrees that the Development Contract shall remain in full force and effect even if it forecloses on its mortgage. Dated this ~ day of December, 19~. Chase Mortgage Company-West ~~ Tamara M. Aziz, Vice President Florida STATE OF MINNESOT1~ ) Hillsborou~~' COUNTY OF ) . The foregoing instrument was acknowledged before me this 2 1 day of De c em be r 19~, by Tamara M. Aziz - ........~':A~I:tf'",~ GAIL WHITAKER t..r::&.-':s MY COMMISSION # CC 858442 ~.&~i EXPIRES: November 27,2003 ~P.i;,r"if", Bclnde<l ThRl NotaIy Public Undetwriters NOTARY PUBLIC Gail Whitaker DRAFTED BY: Campbell, Knutson, P.A. 317 Eagandale Office Center 13.80 Corporate Center Curve Eagan, Minnesota 55121 (612) 452-5000 SLP:kgm 1:\99fiIes\99subdiv\99final\farrells\dvcntrct.doc 20 11122199 1 1 If .. . .~'r-"~'--'_."-'.-T-"'---'_.."._----- ---r---.-........ .-. .--.--..-. ..~....... .. CONTRACT PURCHASER CONSENT TO DEVELOPl\1ENT CONTRACT ~~\..uJ ~ f(\ o.UIIU~~'" r<\ O~\-\ ~ \ . , which/who has a contract purchaser's interest in all or part of the subject property, the development of which is governed by the foregoing Development Contract, hereby affIrms and consents to the provisions thereof and agrees to be bound by the provisions as the same may apply to that portion of the subject property in which there is a contract purchaser's interest. Dated this7~~day odJetJO"'-\W ' 19~. 11fat0 i~/}L -JJ1CJ.n7 (;/ !J~~ /!J/ STATE OF MINNESOTA ) ...L.L.- ( ss. COUNTY O~~ ) The foregoing instrument was ackn'l.wledged before me thislf>,~ day o~'\oer- 19~, by ~d\~4.....D ~ ~o..u~~Y'\ t't\~__ DRAFTED BY: Campbell, Knutson, P.A. 317 Eagandale OffIce Center 1380 Corporate Center Curve Eagan, Minnesota 55121 (612) 452-5000 SLP:kgm DAVID RYAN NOTARY PUBLIC-MINNESOTA scorr COUNTY My Commission Expires Jan. 31, 2000 1: \99files\99subdiv\99final\farrells\dvcntrct.doc 11/22/99 21 .ff U 3\ if ;r ~ I <=-1 ~ ~. Q (') P ~ ~~ ;l;;t 1111 I! !I ~ 1 i , i ~: ..1 " 5' ~: f ii. i iq II i 1 t ! 1 r t J ! ! !. , r I f t j~-;. J ! t i i f t I f ~ ~ ~ ~ I ~ I 1 !. f. ! ~ r ~ i' I ,!.; ~ I! ~ ~J ~ Il W ~- .. !f ;l .. ~ ,1 II ~i ~ I" r~ i~ 4 a I. " ~ t i I ~ ~ ,- I;:) .'1 ~ :0, 'V _ ~J . i l~ _ .~ r~u ~ ~ ~?J ! !. ., I 1 " . f f t J i , o '- !f { I !f .. I .t " i I I :c r .. .f1 Ii l~ J! wS '"i ~. ~ ~ ~ ~ ~ 2 n j ! i . ~ t 1 i f i l ! 1 5' .. ! !. ; EXHIBIT. A ~i! ;l;;t 1111 o ~% :l~ ; }f p. a 11 !l h If U I! rl "~Ji I~ l~!; ~~ ~i t~ !1 f~~;,l ~i t-s if 11 ~i f~ ~i :0; Ii I' l. .: I lli h i~ h i: Ii r8 ;l. !~ ;rf!of · a "i i~ Ir i: ! 1 ii 1 ~l r~ \!l ~l H ~!l ;! 1"1 ;l.~ "r;l. (i ;:; Ji r ~f if t q I. ~ It 1~ l!f 11 !. 1 c p~ r!i Ii: i f ... I !l ~I n 1~ .12 i~ i; !~ .t ~ Ir lJ t~ ., ;1 It it. ! !I ;\ i.\ I J' ~ l u ~ u ~ H~ 1"- :I '.7 .. ,," ~ I~ i ~~ -- ; ! ~t ~ I~ ,,1 9- ~e ~: {, 'i ! ;; .. 1 I .1 ~r r: ..I. ,,~ If 29 ~ i-;. f 'if If ~r ~ jo i h " . I J J ;i s ~ ~i !!~ If L II ~f 01 . II; I "! . " I 1 r ~ ! ~ .. ! i: 1 ti'll .1!1 1 r ji~ ..~~ "p ~i~ . a l;( j . o . u ~ af! a =. ~ n I ~1'l a ~ ! =RNJ"LE~''1:'NIJE~ f"~1 1.,A Po.v\-. 1 . . l~t 3 I t. N 0'00'00" E: I rt - ..., ~O. 00-' - .It r I 'if 1 / h I E1 I ~I 15::!J !II ",3, ~i!i Ol [l ... . g~"t d) '':0' 8. ~~r 1Sg I' .0 ' :.0 '3 : a.si rllO ""8~:Z: I ~ f[ :>E a ,. . ). (/) . . '. -f. .,.,.., ~ ..'.:j I ~r.: ~,. ~::: .TJ ~) :::: H} I ihl.'.l 'pi I y! l <;>~ l~; L u 4 ~ h1 r i21 Jii,I'i ~~ . ~ 91 "'1 If ~ . ~"l ~ 101 Hi I I i I 9q.[ I i:i ..iJ ~g 1: if~ I ~ if tt 1 II j J i . I . ~. I l.!1 ;ct 1&.1 I SECOND ;.nDrnON TO !' / NORTH SHORE OAKS - J j ~ ~ 1111 ~! ~ ~ l r i i l ':f if l'1 H J1 H I~ . ! fa. it "I lf4 sa. ,: Ii _9 i" !f .. J !l, ~ ~ ~ a ~ l A " I j 3 1 C% .., i; 11 .r ;- ~- H s ~i ~. .r !. j ....;.~ . .," . - ":.. ..~ U iil' H 11 ~f ~.. .!'- bU 11Z! ,L 5' .~ . ".:1 }9;'" i~ if i" = 1.11 p,l itl ~l~'" I:.. ! lf~; [If i~~i IIit ~~'1 ~.i9 ~iu SAn. rl..!. J:",:,a '"tl~ ld~ !lh if. ~ 12;a 1 i~" .tB~ :{ir f!ii ~il! ,~,;r l If. ihl rr ~.. .~ .Vj ..~ ~ Vj ...~ g ~ ~ ~ ,/ .. ,:" EXIllBIT "B" SAMPLE IRREVOCABLE LETTER OF CREDIT No. Date: TO: City of Prior Lake 16200 Eagle Creek Avenue Prior Lake, Minnesota 55372-1715 Dear Sir or Madam: We hereby issue, for the account of Irrevocable Letter of Credit in the amount of $ sight on the undersigned bank. (Name of Developer) and in your favor, our , available to you by your draft drawn on The draft must: a) Bear the clause, "Drawn under Letter of Credit No. 19_, of (Name of Bank) 11; , dated b) Be signed by the Mayor or City Manager of the City of Prior Lake. c) Be presented for payment at November 30, 1 9_ (Address of Bank) , on or before 4:00 p.m. on This Letter of Credit shall automatically renew for successive one-year terms unless, at least forty-five (45) days prior to the next annual renewal date (which shall be November 30 of each year), the Bank delivers written notice to the Prior Lake City Manager that it intends to modify the terms of, or cancel, this Letter of Credit. Written notice is effective if sent by certified mail, postage prepaid, and deposited in the U.S. Mail, at least forty-five (45) days prior to the next annual renewal date addressed as follows: Prior Lake City Manager, Prior Lake City Hall, 16200 Eagle Creek Avenue, Prior Lake, Minnesota 55372-1714, and is actually received by the City Manager at least forty-five (45) days prior to the renewal date. This Letter of Credit sets forth in full our understanding which shall not in any way be modified, amended, amplified, or limited by reference to any document, instrument, or agreement, whether or not referred to herein. This Letter of Credit is not assignable. This is not a Notation Letter of Credit. More than one draw may be made under this Letter of Credit. This Letter of Credit shall be governed by the most recent revision of the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce Publication No. 400. We hereby agree that a draft drawn under and in compliance with this Letter of Credit shall be duly honored upon presentation. BY: Its 1: \99files\99subdiv\99final\farrells\dvcntrct.doc 23 11122/99 ". ~, EXHIBIT "C" CERTIFICATE OF INSURANCE PROJECT: CERTIFICATE HOLDER: . City of Prior Lake 16200 Eagle Creek Avenue Prior Lake, Minnesota 55372-1714 INSURED: ADDITIONAL INSURED: City of Prior Lake AGENT: WORKERS' COMPENSATION: Policy No. Effective Date: Expiration Date: Insurance Company: COVERAGE - Workers' Compensation, Statutory. GENERAL LIABILITY: Policy No. Effective Date: Expiration Date: Insurance Company: ( ) Claims Made ( ) Occurrence LIMITS: [Minimum] Bodily Injury and Death: $500,000 for one person $1,000,000 for each occurrence Property Damage: $200,000 for each occurrence -OR- Combination Single Limit Policy $1,000,000 or more COVERAGE PROVIDED: I: \99files\99subdiv\99final\farrells\dvcntrct.doc 24 11/22/99 1 I .---r----~_.._-_._---.. -.-----... 1 Operations of Contractor: YES Operations of Sub-Contractor (Contingent): YES Does Personal Injury Include Claims Related to Employment? YES Completed Operations/Products: YES Contractual Liability (Broad Form): YES Governmental Immunity is Waived: YES Property Damage Liability Includes: Damage Due to Blasting YES Damage Due to Collapse YES Damage Due to Underground Facilities YES Broad Form Property Damage YES AUTOMOBILE LIABILITY: Policy No. Effective Date: Expiration Date: Insurance Company: (X) Any Auto LIMITS: [Minimum] Bodily Injury: $500,000 each person $1,000,000 each occurrence Property Damage: $500,000 each occurrence -OR- Combined Single Limit Policy: $1,000,000 each occurrence ARE ANY DEDUCTIBLES APPLICABLE TO BODILY INJURY OR PROPERTY DAMAGE ON ANY OF THE ABOVE COVERAGES: If so, list: Amount: $ [Not to exceed $1,000.00] SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL MAIL THIRTY (30) DAYS WRITTEN NOTICE TO THE PARTIES TO WHOM THIS CERTIFICATE IS ISSUED. Dated at On BY: Authorized Insurance Representative I: \99files\99subdiv\99final\farrells\dvcntrct.doc 25 11122/99 ., ,. EXHIBIT "0" TO DEVELOPMENT CONTRACT (Oversizing Calculations for Developer Improvements) A. OVERSIZING There is no oversizing with this project. I :\99files\99subdiv\99final\farrelIs\dvcntrct.doc 26 11/22/99 .---...---.---.-'-r-.'.-..-----i II EXlllBIT "E" TO DEVELOPMENT CONTRACT ESTIMATED CONSTRUCTION COSTS There are no public improvement costs associated with this project. I: \99files\99subdiv\99final\farrells\dvcntrct. doc 27 11/22/99 EXIllBIT "F" TO DEVELOPMENT CONTRACT RESIDENTIAL STREET LIGHTING POLICY BACKGROUND The City intends that this street lighting policy promote the safe travel of city streets in a manner both fair and affordable to the City and its residents. Residential street lighting promotes pedestrian and traffic safety to the extent that the City shall approve street lighting where warranted by such concerns. Lighting requests shall come either by recommendation of the City Engineer or by resident petition. The capital costs of residential street lighting shall be the responsibility of those residents, or any portion of those residents, determined to be affected by the light. NEW SUBDMSIONS: All lighting plans require approval by the City and the utility responsible for street light operation and maintenance. In new subdivisions street lights shall be placed at intersections, every 300 feet between intersections where intersections are more than 600 feet apart, and at the ends of cul-de-sacs where the distance from said end to the intersection of the cul-de-sac v.ith the street is greater than 300 feet. Within their developments, developers shall also install lights to City standards at the intersections of residential streets with collector streets. The developer shall pay the full capital cost of every light to be installed; this includes poles, fixtures, underground wiring, and all appurtenant work. The developer shall pay operation and maintenance for the light system until the City accepts the project, at which time the billing shall be transferred to the City. 100 or 150 watt high pressure sodium lights in traditional or cobra-head style (as approved by the City and the utility) shall be the standard for new subdivisions. Where a portion of the development is already lit, new lights shall match in style and wattage those already in place. Where a developer wishes to install more lights than warranted by City policy, the monthly operation and maintenance costs of the additional lights shall be borne by the residents of the development through their homeowner's association or similar organization. Where a developer wishes to install non-standard lights, not available through the servicing power company, the City will pay operation costs equivalent to a standard street light. Maintenance of non-standard street lights at City cost will require a signed agreement between the City, Developer, and power company that provides for power company maintenance of the non-standard lights at a cost to the City equal to or less than that of a standard fixture. EXISTING SUBDIVISIONS: Where traffic safety clearly warrants, a street light may be placed upon the recommendation of the City Engineer's office. The basis of such warrants shall be a minimum Average Daily Traffic of 2000 vehicles or a layout such that, in the City Engineer's estimation, significant improvement in safety might be obtained by the placement of a street light. Since the benefit of such installations extends to the City as a whole, these will be done at City expense. When residents request additional lighting for their neighborhoods, they must do so by petition - signed by 60% of the neighbors affected by the proposed light. The affected area shall be 100 linear feet on either side of the proposed light, on both sides of the street. The placement of the proposed light shall be specified in the petition. Petitioners shall approach the City prior to circulating their petition to obtain direction as to where street lights are warranted for their neighborhoods. Lights shall be approved only as they meet the following warrants for existing subdivisions: intersections, between intersections at intervals of 300 feet where the distance between intersections is greater than 600 feet, and at the ends of cul-de-sacs where the distance from said end to the intersection of the cul-de-sac with the street is greater than 300 feet. If approved, each street light shall be purchased by the affected residents. Payment shall be made prior to the installation of the light and shall include the cost of poles, fixtures, underground wiring, and all appurtenant work. The method of payment shall be as directed by the City Finance Department. The City shall assume operation and maintenance costs for a light from the time it is energized by the utility. In existing developments new lights shall match in style and wattage those already in place. If no lights be currently in place, then 100 or 150 watt high pressure sodium lights in cobra-head or traditional style shall be the standard. I: \99files\99subdiv\99final\farrells\dvcntrct.doc 28 11/22/99 1 I EXlllBIT "G" TO DEVELOPMENT CONTRACT CONDITIONS OF PLAT APPROVAL 1. A current title opinion or commitment of title insurance be submitted acceptable to the City Attorney. 2. Payment of all fees prior to release of the fmal plat mylars. 3. Reductions of the entire fmal plat be submitted, to the following scales: I" = 800'; I" = 200'; and one reduction at no scale which fits onto an 81/2" x 11" sheet of paper. 4. Four mylar sets of the fmal plat with all required signatures be submitted. 5. The developer provide financial security, acceptable to the City Engineer prior to release of the fmal plat mylars. 6. The fmal plat and all pertinent documents must be filed with Scott County within 60 days from the date of fmal plat approval. Failure to record the documents by March 18, 2000, will render the fmal plat null and void. 1: \99files\99subdiv\99final\farreIls\dvcntrct.doc 29 01/06/00