HomeMy WebLinkAboutResolution 23-087 CITY OF LINO LAKES
RESOLUTION NO. 23-87
APPROVING MILESTONES ADDITION DEVELOPMENT AGREEMENT
WHEREAS,the City Council approved the final plat for Milestones Addition with Resolution
No. 23-86 on August 28, 2023; and
WHEREAS,the City's subdivision ordinance and conditions of approval require the execution
of a development agreement between the Developer and the City of Lino Lakes.
NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes
hereby approves the Development Agreement between MEP Properties, LLC and the City of
Lino Lakes for Milestones Addition and authorizes the Mayor and City Clerk to execute such
agreement on behalf of the City.
Adopted by the Council of the City of Lino Lakes this 28th day of August, 2023.
P.afferty, Mayor
ATTEST:
Jolleen Chaika, City Clerk
DEVELOPMENT AGREEMENT
Milestones Addition
THIS AGREEMENT is made this day of ,2023, by and between the City
of Lino Lakes("City"), a Minnesota municipal corporation, and MEP Lino Lakes L.L.C. a Minnesota
Limited Liability Company("Developer").
1. Subdivision. Developer received preliminary plat approval from the City by Resolution No.
23-53 for a plat known as Milestones Addition ("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 Milestones Addition 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. 23-86. The Final Nat including 2 lots 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. Milestones Childcare Center plan set containing 10 sheets, prepared by
SISU Land Surveying and Engineering, revised July 28, 2023.
ii. Lil' Explorers Landscape Plan containing 1 sheet, dated July 12, 2023,
prepared by Midwest Landscapes.
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.
Milestones Addition
Development Agreement
August 28, 2023
6. Developer Improvements. The Developer shall secure a contractor to install the
improvements described in this paragraph, or otherwise required herein to be installed
by Developer, hereinafter referred to as the "Developer Improvements," which
contractor shall be approved by the City in its absolute and sole discretion. The
Developer Improvements shall be constructed per the City Standard Specifications for
Construction 2022, or current version.
The cost of Developer Improvements is as shown on Exhibit B attached hereto. All
Developer Improvements shall require City inspection and approval and,where
appropriate,the approval of any other governmental agency having jurisdiction. The
Developer shall construct and install at the Developer's expense the following
improvements according to the following terms and conditions:
a. Site Grading
i. No grading shall commence until all requirements of the Rice Creek
Watershed District (RCWD) have been satisfied.
ii. All site grading shall be conducted in accordance with the grading plan as
approved by the City and in accordance with NPDES and RCWD
requirements. The Developer shall perform the work in accordance with
a Storm Water Pollution Prevention Plan (SWPPP) pursuant to Minnesota
Pollution Control Agency(MPCA) requirements.
b. Grading and Erosion Control
i. The Developer shall grade the site to within 0.2 foot of the grades shown
on the approved grading plan. No deviations will be allowed unless a
revised plan is submitted and approved in writing by the City and all
other regulatory agencies.
ii. The street right-of-way, storm water storage ponds, and surface water
drainage ways shall be graded prior to commencement of utility
construction. Four inches of topsoil and a City approved seed mix shall be
installed within disturbed areas, and seed mix information shall be
provided to the City.
iii. The Developer shall be responsible for ascertaining that site geotechnical
and groundwater conditions are adequate and conforming with the
grading and site improvement as proposed.The Developer shall provide
testing from an approved testing company.
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iv. The Developer's engineer shall certify in writing, with an as-built survey,
that all grading complies with the approved grading plan prior to issuance
of a building permit.
v. The Developer shall promptly clear dirt and debris within public rights-of-
way and drainage and utility easements resulting from construction by
the Developer, its purchasers, builders and contractors within five (5)
days after notification by the City. The Developer shall be responsible for
all necessary street and storm sewer maintenance, including street
sweeping, until all home construction is completed, unless otherwise
released by the City. Warning signs shall be placed when hazards
develop in streets to prevent the public from traveling on them, including
detour signs if necessary. If and when the streets become impassable,
such streets shall be barricaded and closed. The Developer shall maintain
a smooth, hard driving surface and adequate drainage on all temporary
streets.
c. Final street/ parking lot grading, subbase, gravel base, concrete curb and gutter,
and bituminous base and wear course, street signs and striping shall be
furnished and installed.
d. Lighting shall be installed within 6 months of the bituminous base course.
Extensions may be approved by the City Engineer, due to weather conditions,
upon receipt of a written request in writing by the Developer to the City. In no
case shall such extension extend beyond one year from the date of installation of
bituminous base course.
e. Storm sewers, when determined to be necessary by the City Engineer, including
all necessary laterals, catch basins, inlets and other appurtenances, shall be
furnished and installed.
f. Sanitary sewer mains, laterals or extensions, including all necessary building
services and other appurtenances, shall be furnished and installed.
g. Water mains, laterals or extensions, including all necessary building services,
hydrants, valves and other appurtenances, shall be furnished and installed.
h. The Developer shall place iron monuments at all lot, block, and outlot corners
and at all other angle points on boundary lines consistent with the final plat.
Iron monuments shall be placed after all street and lawn grading has been
completed in order to preserve the lot markers for future property owners. Lot
corner irons on the back property line shall be installed so that the top of the
iron corresponds to the finished ground elevation in accordance with the
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approved grading plan. Guard stakes shall be appropriately installed to mark
these irons.
i. Landscaping shall be furnished and installed in accordance with the approved
plans.The landscaping shall be maintained by the Developer until accepted by
the City's Environmental Coordinator.
Developer shall be responsible for vegetative restoration of ponding areas,
outlots, wetland mitigation areas, and other native planting areas identified on
the plans in accordance with City Standard Specifications for Construction.
Developer shall provide a contract with a qualified firm for the establishment
and maintenance of all open space/native plant areas. Said contract shall cover
a minimum of the 3 year establishment period, from the date of planting.
j. The Developer shall arrange for all gas,telecommunications, cable, internet,
electric, and other necessary private utility services to the Subdivision in
accordance with City Code and State law. The utilities are required to be located
within a joint trench. Street light installations shall be initiated by the Developer
with City Engineer approval. The Developer is solely responsible for the cost of
private utility and internet installation.
k. The Developer shall install mailboxes in accordance with Federal and Postal
Service regulations.
.I. The Developer shall install wetland buffer signs per City standard detail plates
prior to the issuance of building permits. Not applicable.
7. Time of Performance. The Developer shall install all required improvements
enumerated in Paragraph 6 by November 30, 2024. The Developer may request a
reasonable extension of time from the City. If the extension is granted, it shall be
conditioned upon updating the security posted by the Developer to reflect cost
increases and the extended completion date.
8. City Improvements.
No City installed improvements are proposed to be constructed for this subdivision.
9. Record Drawings.
a. Upon project completion, Developer shall submit record drawings, in electronic
format, of all public and private infrastructure improvements, including grading,
sanitary sewer,watermain,storm sewer facilities,and roads, constructed by
Developer. The files shall be drawn in Anoka County NAD 83 Coordinate system
and provided in both AutoCAD .dwg and Adobe .pdf file formats. The plans shall
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include accurate locations, dimensions,elevations,grades, slopes and all other
pertinent information concerning the complete work.
b. The Developer shall submit certified compaction testing results for the site
grading operations that certify that grading work meets pertinent compaction
requirements for the project.
c. A summary of the record plan attribute data for the storm sewer,watermain,
and sanitary sewer structures and pipes shall be submitted in the form of an
Excel Spreadsheet as provided by the City Engineer.
d. No securities will be fully released until all record drawings have been submitted
and accepted by the City Engineer.
10. Faithful Performance of Construction Contracts and Security.
a. 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 furnish to, and at all times thereafter maintain with
the City,a cash deposit,certified check, or Irrevocable Letter of Credit, based on
one hundred fifty(150%) percent of the total estimated cost of Developer's
Improvements as determined by the City Engineer.
b. Irrevocable Letter of Credit. If an Irrevocable Letter of Credit is utilized, it shall be
for the exclusive use and benefit of the City of Lino Lakes and shall state that it is
issued to guarantee and assure performance by the Developer of all the terms and
conditions of this Development Agreement and construction of all required
improvements referenced therein in accordance with the ordinances and
specifications of the City. The letter shall be in a form, and from a bank, as
approved by the City. The City reserves the right to draw, in whole or in part, on
any portion of the Irrevocable Letter of Credit for the purpose of guaranteeing the
terms and conditions of this agreement. The Irrevocable Letter of Credit shall be
automatically extended for additional periods of one year from present or future
expiration dates on an annual basis, unless at least sixty (60) days prior to the
expiration date,the Community Development Director and City Engineer, are
notified by certified mail or overnight courier,that the Letter of Credit will not be
extended.
c. Alternatively,the Developer may enter into a Public Improvement Surety
Agreement,subject to City approval. Not Applicable.
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d. Reduction of Security.The Developer may request reduction of the Letter of Credit
or cash deposit based on prepayment or the value of the completed improvements
at the time of the requested reduction.
11. Warranty. The Developer warrants all utility work required to be performed by it against
poor material and faulty workmanship for a period of two years after its completion and
acceptance by the City. All new streets shall be warranted by the developer for a period
of one year from the time the final inspection of the street is completed and accepted
by the City Council. All trees,grass and sod shall be warranted to be alive,of good quality
and disease free for 12 months after planting. Prior to final acceptance of the Developer
Improvements the City shall require a Surety Bond or Cash Escrow to cover the warranty
provisions of this Agreement. The amount shall be 20%of the original cost of construction
identify in Exhibit B.
12. Dedication. The Developer shall dedicate to the City, at no cost to the City, any
permanent or temporary easements that may be necessary for the construction and
installation of the Developer Improvements.All such easements required by the City
shall be in writing, in recordable form, containing such terms and conditions as the City
shall determine.
13. Ownership of Improvements. Upon completion and City acceptance of the work and
construction required by this Agreement,the public improvements lying within public
rights-of-way and easements shall become City property without further notice or
action unless the improvements are to be deemed private infrastructure.
14. Recording and Release. The Developer agrees that the terms of this Development
Agreement 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
Agreement with the Anoka County Recorder to give notice to future purchasers and
owners. This shall be recorded against the Subdivision described on Page 1.
15. Escrow for City's 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 their designee for
the payment of all costs incurred by the City related to the development of the
Subdivision including, but not limited to,the following (See Exhibit B for
breakdown of costs):
i. Planning/ Review
ii. Administration -3% of Developer [CITY] Improvement Costs
iii. City Engineering and Legal
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iv. Street lighting installation (by utility company, developer to initiate}Not
Applicable.
v. Boulevard tree planting. Not Applicable.
vi. Street, storm sewer and pond maintenance
vii. Property Taxes. Should the recording of the Final Plat occur after July 15t,
any and all property taxes on any public property dedicated as a part of
this plat shall be the responsibility of the Developer.
b. If the above escrow amounts are insufficient, the Developer shall make such
additional deposits as required by the City. The City shall have a right to
reimburse itself from the Escrow with suitable documentation supporting the
charges.
16. Developer Fees. At the time of execution of this Agreement,the Developer shall pay
the following fees related to the development of the Subdivision (See Exhibit B for
breakdown of costs):
a. Park Dedication
The Park Dedication Fee for this site is calculated as follows:
1.86 Acres X $2,600 per acre = $4,836.00
b. The Developer shall pay 15 months of maintenance and energy costs for street
lights installed within the Subject Property at the rate of$8/month/light. After
that the City will assume the costs. Not Applicable.
c. GIS Mapping Fees
d. Trunk Sewer Connection Fees
The City established trunk utility connection fees to uniformly distribute the
costs of public trunk sanitary sewer infrastructure.The Trunk Utility Connection
Fee consists of two components; a Trunk Charge and an Availability Charge.
Trunk Charge
The trunk charge shall be paid at the time of subdivision approval or at the time of
hook-up, whichever is first. Commercial trunk charges are based on a factor of
2.92 units per acre.
Sanitary Sewer $1,695.00 Per Unit
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Availability Charge
Commercial availability charges shall be paid at the time of building permit. Fees
are based on the number of sanitary access charge (SAC) units assigned by
Metropolitan Council Environmental Services (MCES).
City Sewer(CSAC) $1,586.00 Per SAC Unit
Trunk sewer unit charges addressed under this paragraph are in addition to any
SAC charges imposed by Metropolitan Council Environmental Services. An
estimate of the total charge is specified in Exhibit B.
e. Trunk Water Connection Fees
The City established trunk utility connection fees to uniformly distribute the
costs of public trunk water infrastructure. The Trunk Utility Connection Fee
consists of two components; a Trunk Charge and an Availability Charge.
Trunk Charge
The trunk charge shall be paid at the time of subdivision approval or at the time of
hook-up, whichever is first. Commercial trunk charges are based on a factor of
2.92 units per acre.
Water $2,435.00 Per Unit
Availability Charge
Commercial availability charges shall be paid at the time of building permit. Fees
are based on the number of sanitary access charge (SAC) units assigned by
Metropolitan Council Environmental Services (MCES).
City Water(CWAC) $1,532.00 Per SAC Unit
An estimate of the total charge is specified in Exhibit B.
f. Surface Water Management Area Charges
The City established a trunk area charge to uniformly distribute the costs of
public trunk surface water infrastructure and water quality improvements.The
Surface Water Management Charge shall be based on developable acreage, in
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the amount specified in Exhibit B. The charge shall be paid at the time of
subdivision approval.
17.Assessment of Charges and Waiver of Rights.
a. In consideration of the construction of City Improvements listed in Section 7 and
/or provision of sewer, water and storm water services,the Developer agrees
that the costs of City Improvements together with Trunk Sewer Unit Charge,
Trunk Water Unit Charge and the Surface Water Management Area Charge
(collectively, "the Charges") may be assessed against the Subdivision parcels.
The Developer hereby waives any and all procedural and substantive objections
to the special assessments, including notice and hearing requirements, any claim
that the assessments exceed the benefit to the properties, and any right to
appeal.
b. Unless the Developer pays the entire balance owed for the Charges
contemporaneously with the execution of this Agreement,the Developer shall
provide to the City a cash escrow or irrevocable letter of credit in an amount
equal to 35%of the total assessments for the Charges as estimated by the City
Engineer (see Exhibit B). The letter of credit shall be in a form, and from a bank,
as approved by the City. The letter of credit or cash escrow may be used by the
City upon default by Developer in the payment of special assessments. The cash
escrow or letter of credit shall remain in place throughout the term of the special
assessments. The letter of credit may not be terminated without the City's
written consent.
c. Developer, its heirs, successors or assigns, agrees that within 30 days after the
date of sale of a lot,the Developer, its heirs, successors or assigns, at its own
cost and expense, shall pay the entire unpaid charges assessed or to be assessed
under this Agreement against such property.
d. If a certificate of occupancy is issued before the special assessments have been
levied,the Developer, its heirs, successors or assigns shall pay the City the sum
of cash equal to 120%of the Engineer's estimate of the special assessments for
such Charges that would be levied against the property. Upon such payment the
City shall issue a certificate showing the assessments are paid in full.
Notwithstanding the issuance of said certificate, the Developer shall be liable to
the City for any deficiency and the City shall pay the Developer any surplus
arising from the payment based upon such estimate.
e. Acceleration of Special Assessments upon Default. In the event the Developer
violates any of the covenants, conditions or agreements herein, violates any
ordinance, rule or regulation of the City, County of Anoka, State of Minnesota or
other governmental entity having jurisdiction over the plat or development, or
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fails to pay when due any installment of any special assessment levied pursuant
to this agreement, or any interest thereon,the City at its option, in addition to its
rights and remedies hereunder, after 10 days written notice to the Developer,
may declare all of the unpaid special assessments which are then estimated or
levied pursuant to this agreement due and payable in full, with interest. The City
may seek recovery of such special assessments due and payable from the
security provided herein. In the event that such security is insufficient to pay the
outstanding amount of such special assessments plus accrued interest the City
may certify such outstanding special assessments in full to the County Auditor
pursuant to Minnesota Statutes section 429.061, subdivision 3,for collection the
following year. The City, at its option, may commence legal action against the
Developer to collect the entire unpaid balance of the special assessments then
estimated or levied pursuant hereto, with interest, including reasonable
attorney's fees, and Developer shall be liable for such special assessments and, if
more than one, such liability shall be joint and several. In addition to any other
rights and remedies upon Developer's default,the City may refuse to issue
building permits and/or Certificates of Occupancy for any property within the
Subdivision until such time as such default has been corrected to the satisfaction
of the City. The Developer agrees to reimburse the City for all costs incurred by
the City in the enforcement of this agreement, or any portion thereof, including
court costs and reasonable engineering and attorneys'fees, if the City prevails in
any enforcement action.
18. Building Permits. No building permit shall be issued until:
a. Site grading, certified compaction testing, City sewer, water, storm sewer, and
bituminous base construction of the streets/parking lots,temporary street signs,
gas, electric,telecommunication, cable and internet are installed and approved
by the City.
19. Special Provisions.
a. Resolution No. 23-54 approving the conditional use permit for Lil' Explorers
Childcare Center shall be recorded after the final plat has been recorded.
b. A Shared Driveway and Parking Access Agreement shall be recorded.
20. Hours of Construction Activity.
All construction activity shall be limited to the hours as follows:
Monday through Friday 7:00 a.m. to 7:00 p.m.
Saturday 9:00 a.m.to 5:00 p.m.
Sunday and Holidays No working hours allowed
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21. Insurance. Developer or its general contractor shall take out and maintain until one
year after the City accepted the Developer Improvements, public liability and property
damage insurance covering personal injury, including death, and claims for property
damage which may arise out of the Developer's or general contractor's work, as the
case may be, or the work of its subcontractors or by one directly or indirectly employed
by any of them. Limits for bodily injury and death shall be not less than Five Hundred
Thousand and no/100($500,000.00) Dollars for one person and Two Million and no/100
($2,000,000.00) Dollars for each occurrence; limits for property damage shall be not less
than One Million and no/100 ($1,000,000.00) Dollars for each occurrence; or a
combination single limit policy of Two Million and no/100 ($2,000,000.00) Dollars or
more.The City, its employees, its agents and assigns shall be named as an additional
insured on the policy, and the Developer or its general contractor shall file with the City
a certificate evidencing coverage prior to the City signing the plat. The certificate shall
provide that the City must be given ten days advance written notice of the cancellation
of the insurance. The certificate may not contain any disclaimer for failure to give the
required notice.
22. Developer's Default. In the event of default by the Developer as to any of the work to
be performed by it hereunder,the City may, at its option, perform the work and the
Developer shall promptly reimburse the City for any expense incurred by the City,
including but not limited to attorney and engineering fees, provided the Developer is
first given notice of the work in default, not less than 48 hours in advance. This
Agreement is a license for the City to act, and it shall not be necessary for the City to
seek a court order for permission to enter the land. When the City does any such work,
the City may, in addition to its other remedies, levy the cost in whole or in part as a
special assessment against the Subject Property. Developer waives its rights to notice of
hearing and hearing on such assessments and its right to appeal such assessments
pursuant to Minnesota Statutes, chapter 429.
23. General.
a. Binding Effect
The terms and provisions hereof shall be binding upon and inure to the benefit
of the heirs, representatives, successors and assigns of the parties hereto and
shall be binding upon all future owners of all or any part of the Subdivision and
shall be deemed covenants running with the land, unless otherwise released
pursuant to section 14 of this Agreement.
b. Validity.
If a portion,section, subsection, sentence, clause, paragraph or phrase in this
agreement is for any reason held to be invalid by a court of competent
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jurisdiction, such decision shall not affect or void any of the other provisions of
the Development Agreement.
c. Notices
Whenever in this Agreement it shall be required or permitted that notice or
demand be given or served by either party to this Agreement to or on the other
party, such notice or demand shall be delivered personally, or mailed by United
States mail to the addresses below, or sent by email to the email address below.
Such notice or demand shall be deemed timely given when delivered personally
or when deposited in the mail in accordance with the above or when emailed.
The addresses of the parties are as set forth until changed by notice given as
above.
Jennifer Schultz
MEP Lino Lakes L.L.C.
8825 Ridge Ponds Dr.
Victoria MN 55386
jeremy_nslc@yahoo.com
Community Development Director
City of Lino Lakes
600 Town Center Parkway
Lino Lakes, MN 55014
mgrochala@linolakes.us
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Lan U e Coon is Planneed I Init Development flF ADDI If AQI E]
Council by Ordinance No. , Ordinance No. and Resolution No.
{Add applicable standards]
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IN WITNESS WHEREOF,the City and the Developer have caused this Development Agreement to be
executed in their respective corporate names by their duly authorized officers,all as of the date and
year first written above.
CITY OF LINO LAKES
By ('-)"t
_;:t2—T-'
Mayor
ATTEST
By
City Clerk
STATE OF MINNESOTA
SS
COUNTY OF ANOKA
This instrument was acknowledged before me on day of , 2023,
by Rob Rafferty as Mayor of the City of Lino Lakes on behalf of said City.
Notary Public
STATE OF MINNESOTA
SS
COUNTY OF ANOKA
This instrument was acknowledged before me on day of , 2023,
by Jolleen Chaika as City Clerk of the City of Lino Lakes on behalf of said City.
Notary Public
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THIS PAGE INTENTIONALLY LEFT BLANK
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Execution page of the Developer to the Development Agreement, dated as of the date and year
first written above.
DEVELOPER
By
Its
STATE OF MINNESOTA
)SS
COUNTY OF
On this day of , 2023, before me, a Notary Public within and
for said County, personally appeared , of
. (Developer), who executed the foregoing instrument.
Notary Public
This instrument was drafted by:
City of Lino Lakes
600 Town Center Parkway
Lino Lakes, Minnesota 55014
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Development Agreement
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,the holder of a mortgage dated ,filed
for record with the County Recorder,Anoka County, Minnesota, on ,as
Document No. , hereby consents to the recording of this Development
Agreement and agrees that its rights in the property affected by the Development Agreement
shall be subordinated thereto.
IN WITNESS WHEREOF, , has caused this Consent and Subordination to
be executed this day of , 2023.
STATE OF MINNESOTA
SS
COUNTY OF
On this day of , 2023, before me, a Notary Public within and
for said County, personally appeared _ , who executed the foregoing
instrument.
Notary Public
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EXHIBIT A
Final Plat
page 18
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LAND SURVEYING
Milestones Addition
Development Agreement
August 28, 2023
EXHIBIT B
Securities, Escrows& Fees
page 19
8222023
EXHIBIT B
Securities,Escrows&Fees
PROJECT:MILESTONES ADDITION NUMBER OF REU's: NA
APPLICANT:MEP LINO LAKES L.L.C. NO.OF LOT FRONTAGE: NA
AREA(ACRES): 1.86
IMPROVEMENTS COST
DEVELOPER IMPROVEMENT COSTS(Private)
SITE GRADING $193,000
EROSION CONTROL $8,000
LANDSCAPING $57,000
PARKING LOT $261,740
STORM SEWER CONST. $43,975
SANITARY SEWER CONST. $43,975
WATERMAIN CONST. $87,950
LIGHTING $12,000
Total $707,640
Letter of Credit Amount X 35% $247,674
ESCROW for CITY'S COSTS
PLANNING/REVIEW $500
ADMINISTRATION $7,440
ENGINEER PLAN REVIEW $1,500
ENGINEER CONSTRUCTION SERVICES $8,000
PROJECT FINAL DOCUMENTS&CITY ENGINEER $5,000
STREET LIGHT INSTALLATION $0
STREET&STORMWATER MAINTENANCE $1,500
PROPERTY TAXES $0
BOULEVARD TREE PLANTING $0
Total $23,940
DEVELOPMENT FEES
PARK DEDICATION $4,836
PARK DEDICATION CREDIT $0
Subtotal Park Dedication Fee $4,836
AUAR $0
GIS MAPPING FEE $90
STREET LIGHTING OPERATION $0
Total $4,926
TRUNK SANITARY SEWER
TRUNK CHARGE PER(ACRE OR UNIT) $9,206
AVAILABILITY CHARGE PER SAC UNIT $0
TRUNK SANITARY SEWER CREDIT $0
TRUNK WATERMAIN
TRUNK CHARGE PER(ACRE OR UNIT) $13,225
AVAILABILITY CHARGE PER SAC UNIT $0
TRUNK WATERMAIN CREDIT $0
TOTAL TRUNK SEWER&WATER FEES $22,431
SURFACE WATER MANAGEMENT $21,420
SURFACE WATER MANAGEMENT CREDIT $0
TOTAL SURFACE WATER MANAGEMENT FEES $21,420
Total $43,851
SUMMARY OF SECURITIES,ESCROW&FEES
SECURITY:DEVELOPER IMP'MENT COSTS $247,674
ESCROW FOR CITY COSTS $23,940
DEVELOPMENT FEES $4,926
TRUNK FEES $43,851