06-22-1994 Council Agenda - Laserfiche WebLink

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PRATT CONSTRUCTION, INC. 4 DEVELOPMENT AGREEMENT Park Dedication Prior to commencement of Phase lI development, the Developer shall dedicate approximately 2.6 acres of park land in the form of either modified Site B or Site C as identified in the City Park Superintendent's letter to the City Planning Commission dated December 22, 1993 (attached as Exhibit D). Site C would require a joint powers agreement with the City of Little Canada. In either case, Site B or C, the land will have to be proven developable for the City's indicated use (parking lot/tennis courts /playground equipment/fishing pier /non- motorized boat launch) or the City will require a substitute land or cash dedication. This determination will have to be made prior to final plat approval of Phase lI of this development. The developer shall also make a $20,000 cash contribution prior to site work in Phase Two. If the Developer is given a credit toward path construction identified in the sidewalk/pathway /stairway section above, the credit will be given toward the just mentioned $20,000 payment requirement. Prior to the release of not more than 50% of the building permits in Phase II of this development, the Developer shall make an additional $30,000 cash dedication to the City. If for any reason Phase II does not commence construction prior to September 1, 1999, the Developer shall make the $50,000 cash payment required in this article in full prior to September 30, 1999. Any utilities or other work done within the "park property" shall be approved by the City Park Superintendent. Prior to November 1, 1994, the City Park Commission, with input from the Developer, shall create a concept park plan for this proposed park. The concept plan shall be shown to all perspective buyers of lots in the development. Because of the environmental sensitivity of the area, the final park plan proposed by the Park Commission, after input from the Developer, shall be approved by the City Council. The Developer will be required to post a sign on site showing the location of the proposed park and its proximity to lots within the development. Also, the Developer shall prepare- andtudistribute to all interested homebuyer-s information brochure on the location of the park and a concept of what uses are intended within the future park Article 2 The Developer shall submit to the City one (1) signed mylar copy, four (4) paper copies, all 20" X 30 ", and two reduced mylar copies (200 feet/inch) of the final plat. Page 21