03-27-2017 Council Packet - Laserfiche WebLink

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Erickson Estates Development Agreement March 27, 2017 page 3 d. The Developer shall arrange for all gas, telephone, cable TV and electric utility services to the Subdivision in accordance with City Code and State law. The Developer is solely responsible for the cost of utility installation. 7. Time of Performance. Not Applicable. 8. City Improvements. Not Applicable. 9. Record Drawings. Not Applicable. A record plan of the final grading shall be submitted in accordance with City Code section 1007.049 prior to the issuance of a Certificate of Occupancy. 10. Faithful Performance of Construction Contracts and Security. Not Applicable. 11. Warranty. Not Applicable. 12. Dedication. The Developer shall dedicate to the City, at no cost to the City, any permanent or temporary easements that may be necessary for the construction and installation of the Developer Improvements. All such easements required by the City shall be in writing, in recordable form, containing such terms and conditions as the City shall determine. 13. Ownership of Improvements. Not Applicable. 14. Recording and Release. The Developer agrees that the terms of this Development Agreement shall be a covenant on any and all property included in the Subdivision. The Developer agrees that the City shall have the right to record a copy of this Development Agreement with the Anoka County Recorder to give notice to future purchasers and owners. This shall be recorded against the Subdivision described on Page 1. 15. Escrow for City’s Costs. a. The Developer agrees to establish a non-interest bearing escrow account with the City in an amount determined by the City Administrator or his designee for the payment of all costs incurred by the City related to the development of the Subdivision including, but not limited to, the following (See Exhibit C for breakdown of costs): i. Administration ii. City Engineering b. If the above escrow amounts are insufficient, the Developer shall make such additional deposits as required by the City. The City shall have a right to