HomeMy WebLinkAbout24-066 Authorizing First Amendments to the Springview Meadows
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(reserved for recording information)
FIRST AMENDMENT
TO
DEVELOPMENT CONTRACT
SPRINGVIEW MEADOWS
PROJECT #21-000004
THIS FIRST AMENDMENT TO DEVELOPMENT CONTRACT (“Amendment”) is made
this ___ day of _________, 2024, by and between the CITY OF PRIOR LAKE, a Minnesota municipal
corporation (“City”), and D.R. HORTON INC. - MINNESOTA, a Delaware Corporation (“Developer”).
RECITALS
A. The City and Developer previously entered into a Development Contract dated August 16, 2021 and
filed of record on September 24, 2021 with the Scott County Recorder as Document No. A1140041 for the
SPRINGVIEW MEADOWS plat (“Development Contract”);
C. The City and Developer desire to amend the Development Contract to address increased costs related
to the oversizing of sanitary sewer and water main within the development.
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NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:
1. Amendment to Exhibit B. The Oversizing Calculation provided in Exhibit B of the Development
Contract is hereby amended to read as follows:
Oversizing Calculation Total
Trunk Sanitary Sewer = $423,282.20
Trunk Water Main = $238,734,92
Total Oversizing = $662,017.12
2. Except as herein amended, the Development Contract shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed this _____ day of
___________________, 2024.
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Signature pages follow.]
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June
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DEVELOPER:
D.R. HORTON INC. - MINNESOTA
By: ___________________________________________
Its:____________________________________________
STATE OF MINNESOTA )
)ss.
COUNTY OF _________ )
The foregoing instrument was acknowledged before me this ________ day of ______________, 2024, by
___________________, the ________________ of D.R. Horton Inc. - Minnesota, a Delaware Corporation, on its
behalf.
______________________________________________
Notary Public
DRAFTED BY:
CAMPBELL, KNUTSON
Professional Association
Grand Oak Office Center I
860 Blue Gentian Road, Suite 290
Eagan, MN 55121
Telephone: (651) 452-5000
AMP