05-27-25 - Council Meeting Agenda

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DEVELOPMENT AGREEMENT Otter Crossing South THIS AGREEMENT is made this day of , 2025, by and between the City of Lino Lakes ("City"), a Minnesota municipal corporation, and CLino LLC ("Developer"). 1. Subdivision. Developer received preliminary plat approval from the City by Resolution No. 25-43 for a plat known as Otter Crossing South ("Subdivision"). Unless otherwise stated, all terms and conditions of this Agreement relate to work within the Subdivision. 2. Final Plat Approval. The City's approval of the final plat of Otter Crossing South 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. 25-68. The Final Plat including 1 lot is attached hereto as Exhibit A. 3. Phased Development. The City may refuse to approve final plats of subsequent additions of the plat if the Developer has breached this Agreement and the breach has not been remedied. Development of subsequent phases may not proceed until Development Agreements for such phases are approved by the City and are fully executed. 4. 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. Otter Crossing South final plat prepared by Pioneer Engineering received on April 14, 2025 Otter Crossing South -Otter Lake Road Turn Lane Construction plans prepared by Pioneer Engineering dated April 14, 2025 5. 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.