Agenda Packets - 1980/05/22 - Laserfiche WebLink

Home Browse Search

6. The parties hcreto a::know4•dv ?'a' a porciori of the Consideration fer [lu couvcy nce: i! :.n qr,+h. 1, , and 3 hereof - is tha development of t.hc Pru«r[y hy N•1 i,r5 ,ursuont to F:xhibit H. 7. Developers, at their cn::t and •x Ansc, s6a11 qrade and devel- op the Lake Propr_rty pursuant t.e c,ure'-'. siur.7c's ri-rt d'ated February 19, 1980, attached hereto as F:xl:i6it 7 and herrby made a nart hereof and as depicted on the nrade plan drawi:. ,ttac}ed hereto as F.xhibit . S and herebp made a oart hcrcoP. A. Developers' ze!uiiement Lo qrade and develop the Lake Property shall be li.mited tn t.he rclocation or remov- al of cubic C i t of m.i[riil by The Dcvelopers from the Lake Yropert}' F-;";'t tn he qrade nlan attached hereto as Exhibit J. A. City shall bc rrsporitiihlc fur an uay tF^ coscs for the relocatinq or cemov, us al1 .n Fria1 from the Lake Property in excess of _ cuhic feet. C. Developer shal] be reopensi6le fur thr disposition Of the material. removed from thc I,ake Property; provided however, Developer may cause some of said material to be placed on the Relocated Park Property in which instance City shall bear the cost of its sub::eyuent disposition. D. Developers shall -- for o7- . necessary ap>rovals for the develonment of the I.ake Property, including, Lut not limited to, submissions to the Minnesota Department of Natural Resources and the Rice County Watershed District. If any other governmenta] avency shall require re- visions to the Sunde report as contnined in Exhibit I or the qrade plan as contained in 6xhibit J, Develoncr,' resoonsibil- ity for the devclopmenl of che Lak,c Property e,hall be the greater of the followin: 1) The relocation or removal of material therefzom of cubic feet of naterial; or Z) The relocation or removal therefron of that number of cubic feet of material necessary to to have the Property sati.sfv the City of Moun95 View Resolution Number 983.