04-12-2021 Council Packet - Laserfiche WebLink

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8 Development Agreement and Planned Unit Development Agreement The City will also require our standard Development Agreement specific to each phase of development. This agreement further details required improvements and securities. The City Engineer has drafted this Agreement and it shall be approved by the City Council. City Park Operations and Maintenance and Stormwater Re-Use Agreement and Stormwater Re-Use Agreement The City is required, through MPCA permitting, to reduce nutrient loading within the Peltier Lake watershed. In addition, the City has goals to reduce the use of municipal water supply for irrigation purposes. Part of the nutrient loading reduction will be completed through four re- use systems within the Watermark Development. The re-use systems are maintained through the following agreements: City Park O & M and Stormwater Re-use Agreement The City owned park will be irrigated with water from a Stormwater Re-use system. The Re- use system will also supply water to irrigate the boulevard of Watermark Way. The Re-use system and boulevard irrigation system will be owned and maintained by the Watermark Neighborhood Association. Lake 20 is owned and maintained by the Neighborhood Association. The agreement provides the City rights to the re-use system, and the use of surfacewater from Lake 20. The agreement also addresses use of the City’s municipal water supply in the event the lake levels drop more than 4 ft. Stormwater Re-use Agreement The Stormwater Re-use Agreement is for the other 3 re-use pump systems that will irrigate townhome area, I-35E berm, and 21st Ave boulevard landscaping. These systems will be owned and maintained by the Watermark Neighborhood Association and the Watermark Townhome Association. Similar to the park re-use agreement the agreement addresses use of the City’s municipal water supply in the event the lake levels drop more than 4 ft. Homeowner’s Association (HOA) The City Attorney reviewed and approved the submitted HOA documents. Title Commitment The City Attorney reviewed the title commitment and final plat. The Attorney recommends requiring Lennar to update the title to have an effective date consistent with the release and recording of the plat. Stormwater Maintenance Agreement The stormwater facilities will be covered under the City’s Programmatic Stormwater Management Agreement after they have been installed and accepted by the City.