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COUNCIL MINUTES AUGUST 26, 2002 1. A park dedication fee of $1,665, to be paid prior to the certification and recording of the Minor Subdivision. 2. The applicant shall dedicate to the City drainage and utility easements measuring ten feet in width along the front and rear property lines, five feet in width along the side property lines, and covering all ponding and wetland areas. Such dedication shall be in the form of a Quit Claim Deed, per the City attorney. 3. The applicant shall dedicate to the City a 33 -foot wide permanent public right-of-way adjacent to Oak Lane. Such dedication shall be in the form of a Quit Claim Deed, per the City attorney. Councilmember Reinert moved to adopt Resolution No. 02-97, Approving Minor Subdivision, Mary Zehowski. Councilmember Dahl seconded the motion. Motion carried unanimously. Resolution No. 02-97 can be found in the City Clerk's office. Consideration of Resolution No. 02-102, Approving Dev 56 Addition, Michael Grochala — Community Develop` the final phase of the Clearwater Creek 5th Additio preliminary plat of Clearwater Creek 3rd Addition is now requesting approval to begin construction development, to be known as Clearwater Cree of 54 single family residential lots. Community Development Director Gr approval and City policy staff has pr the following: t Agreement, Clearwater Creek ctor Grochala explained that this is oted that the City Council approved the 2, 1999. Gor-Em, LLC, the developer, ovements to complete the final phase of the ion. Clearwater Creek 5th Addition consists tated that in accordance with the preliminary plat evelopment Agreement. The agreement provides for 1. Submittal by the de • f . er of Credit in the amount of $906,850.00 representing 150% percent of the - ^ op ent improvement costs to insure completion of the project in accordance with the ap s •ved plans. 2. Submittal by the develo -r of a Letter of Credit in the amount of $117,355.00 representing 35% of the costs to be assessed for the project. 3. Deposit of a cash escrow in the amount of $139,400.00 to reimburse the City for costs incurred by the City related to the development and improvement of the site and developer improvements. Gor-Em development has reviewed the agreement and is aware of the conditions set forth. Community Development Director Grochala stated staff recommends the City Council approve Resolution No. 02-102, Approving Development Agreement, Clearwater Creek 5th Addition. 25