01-10-2022 City Council Packet - Laserfiche WebLink

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DEVELOPMENT AGREEMENT MTO Properties Addition THIS AGREEMENT is made this day of , 2022, by and between the City of Lino Lakes ("City"), a Minnesota municipal corporation, and MTO Properties ("Developer"). 1. Final Plat Approval. The City's approval of the final plat of MTO Properties Addition is contingent upon execution and delivery of this agreement, all required petitions, bonds, security, and other documents required by the City, and satisfaction of all conditions of approval required by Resolution No. 22-06. The Final Plat is attached hereto as Exhibit A. 2. Developer Plans. a. The Subdivision shall be developed in accordance with the following Developer Plans, original copies of which are on file with the City Engineer. The Developer Plans may be prepared and revised after entering into this Agreement but must be approved by the City before commencement of any work. If the plans vary from the written terms of this Agreement, this Agreement shall control. b. The Developer Plans as of the date of this Agreement are: i. MTO Properties Addition Final Plat containing 1 sheet, prepared by E.G. Rud & Sons, Inc., revised November 11, 2021, received November 11, 2021. MTO Properties Addition Civil Construction plan set containing 6 sheets, dated November 19, 2021, prepared by Plowe Engineering, Inc., received November 19, 2021. 3. Permits. The Developer shall be responsible for securing all site grading and development approvals and all other required permits from all appropriate Federal, State, Regional and Local jurisdictions prior to the commencement of site grading or construction and prior to the City awarding construction contracts for public improvements. 4. Developer Improvements. The Developer shall secure a contractor to install the improvements described in this paragraph, or otherwise required herein to be installed by Developer, hereinafter referred to as the "Developer Improvements," which contractor shall be approved by the City in its absolute and sole discretion. The Developer Improvements shall be constructed per the City Standard Specifications for Construction dated February 2021 or current version.