2015-067 Council Resolution - Laserfiche WebLink

Home Search

• r • 3. Developer Improvements. The Developer Improvements and obligations set forth in Section II, paragraphs 1 — 6 and 11 of the original Development Agreement were completed. The remaining paragraphs of Section II apply to this Second Addition except as otherwise noted. The Developer Improvements required for the Second Addition are as set forth in the following plans: a. Turnberry Crossing Second Addition plan set containing nine sheets, prepared by Plowe Engineering, Inc. and E.G. Rud & Sons, Inc., dated May 13, 2015. All Developer Improvements require City inspection and approval, and where appropriate, the approval of any other governmental authority having jurisdiction. The Developer Improvements shall be installed at Developer's expense. 4. Letter of Credit. Cost of Developer Improvements and description, as well as the guarantee requirements (letter of credit), are as shown on Attachment B, which supersedes and replaces the original Attachments A and B to the Development Agreement. No letters of credit remain from the original Development Agreement. The escrow remaining from the original Development Agreement shall be placed in the escrow account for the Second Addition. 5. Recording and Release. The requirements of Section IV of the Development Agreement apply to this First Amendment in the same manner as they applied to the original Development Agreement. 6. Reimbursement of Costs. Attachment B hereto sets forth the required escrow for reimbursement of City costs for the Second Addition. All other provisions of Section V of the Development Agreement remain in effect. 7. General — Final Plat Approval. Section XII(C) of the original Development Agreement is eliminated and replaced with the following: The City agrees, contingent upon compliance with applicable City ordinances, to give final approval to the plat of Turnberry Crossing Second Addition in accordance with the Development Agreement and this Amendment upon execution and delivery of this Amendment and all required security and documents. Developer shall revise the HOA documents to reflect the new legal description. 8. Park Dedication. The park dedication fee was previously paid. Section XIV of the original Development Agreement is not applicable to the Second Addition. 9. Property Taxes. No additional property is being dedicated to the public in the plat of the Second Addition. Section XV of the original Development Agreement is therefore no longer applicable.