2005-122 Council Resolution - Laserfiche WebLink

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• • • Development Contract Foxborough August 22, 2005 a) A homeowners association shall be created. The association shall maintain a stewardship fund to manage the open space areas of Outlots A, B, and C, according to a stewardship plan to be approved by the City. Association documents shall be reviewed by the City Attorney prior to final plat approval. b) A conservation easement shall be created over all of Outlots A, B, and C to make them permanent open space. c) Review and approval of informational brochure including Best Management Practices with regard to buffer and wetland area requirements. d) Receipt of warranty deeds or dedication of all outlots proposed to be conveyed to the City. e) Approved Restoration and Management Plan for Conservation Areas, including the establishment of a $100,000 Conservation Stewardship Fund. XIII. VIOLATIONSBUILDING PERMITS A. In the event that Developer violates any of the covenants and agreements contained in this Development Contract and to be performed by the Developer, the City, at its option, in addition to the rights and remedies as set out hereunder may refuse to issue building permits and/or Certificate of Occupancies to any property within the Subdivision until such time as such default has been corrected to the satisfaction of the City. XIV. PARK DEDICATION A. The Developer shall dedicate the 20 -foot wide park land for the trail system. The Developer shall be responsible for the construction of a 10 -foot wide trail system including three (3) l0 -foot wide boardwalks. This dedication and construction of the trail system fulfills the Developer's Park Dedication requirements. XV. PROPERTY TAXES A. Should the recording of the Final Plat occur after July 1, any and all property taxes on any public property dedicated as a part of this plat shall be the responsibility of the Developer. Dollars shall be incorporated into the escrow agreement to cover the cost of said property taxes. page 13