09-25-1996 Council Agenda - Laserfiche WebLink

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12. Grading and Drainage Plans. The Developer shall complete a drainage and grading study as required for subdivision approval and furnish said study to the City Engineer. Said study must be approved by the Ramsey - Washington Watershed District including the completion of the Municipal Coordination Checklist. It is also understood that erosion control must be such that drainage to adjacent property is prevented and surface water run -off is properly controlled. The Developer agrees to comply with any and all requirements for erosion control directed by the Ramsey- Washington Watershed District and /or the City in a timely manner. 13. Park Dedication Requirements. a. The Developer agrees to secure the donation to the City by warranty deed of the property indicated on Exhibit "B ". In return, the City shall waive park charges for lots 4 through 9 of block 1. b. The City's park charge (currently $625 per lot) shall be imposed against Lots 1 through 3 of Block 1 based on the rate in effect at the time of application for building permit. c. City shall transfer ownership to Developer via quit claim deed of the parcel as indicated in Exhibit "C" upon receipt of the purchase price of Fifteen Thousand and No /100 Dollars ($15,000.00) from Developer. d. Developer shall install a six foot wide, paved pathway between Lots 5 and 6 of Block 1 connecting the street to the rear property line. At entrance to path off of the street right -of -way, Developer shall erect a low split rail fence to delineate path entry point. 14. Building Permit for Model Units. The City will issue two (2) building permits to Developer to allow construction of two (2) model units within the Stoneridge Development, after receipt of the Letter of Credit, required in Paragraph #16. No occupancy permit will be granted until installation and approval by the City of utilities, curb and gutter, and the first lift of bituminous surface. The Developer agrees to make any -5- Page 132