06-23-14 Council Packet - Laserfiche WebLink

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NorthPointe Development Contract June, 2014 accurate locations, dimensions, elevations, grades, slopes and all other pertinent information concerning the completed work. 2. A storm sewer, watermain, and sanitary sewer Excel Spreadsheet must be submitted, which includes all the as -built data such as utility elevations and stationing. xix. Faithful Performance of Construction Contracts and Letter of Credit 1. The Developer will fully and faithfully comply with all terms and conditions of any and all contracts entered into by the Developer for the installation and construction of all Developer Improvements. Concurrent with the execution hereof by the Developer, the Developer will enter into the Public Improvement Surety Agreement in Attachment D. III. RECORDING AND RELEASE a. The Developer agrees that the terms of this Development Contract 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 Contract with the Anoka County Recorder to give notice to future purchasers and owners. This shall be recorded against the Subdivision described on Page 1 hereof. City shall provide to Developer upon payment of all the special assessments levied against a parcel, a release of such parcel from the terms and conditions of this Development Contract subject to provisions contained in this contract. 1°. IV. REIMBURSEMENT OF 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 and the Developer Improvements including, but not limited to, the following (See Attachment C for breakdown of costs): i. Plat Review ii. Planner Review iii. Administration - 3% Construction Cost iv. Engineering v. Legal page 8