HomeMy WebLinkAbout2015-05-06 PACKET 04.I. REQUEST OF CITY COUNCIL ACTION COUNCIL AGENDA
MEETING ITEM #��
DATE 5/6/15 .
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PREPARED BY: Community Development Jennifer Levitt
ORIGINATING DEPARTMENT STAFF AUTHOR
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COUNCIL ACTION REQUEST-:
Consider accepting the assigned obligation for building escrows from NNP-Jamaica, LCC to
U.S. Home Corporation d/b/a Lennar for the Cayden Glen Development.
STAFF RECOMMENDATION:
Adopt the resolution.
BUDGET IMPLICATION: $N/A $N/A N/A
BUDGETED AMOUNT ACTUAL AMOUNT FUNDING SOURCE
ADVISORY COMMISSION ACTION:
DATE REVIEWED APPROVED DENIED
❑ PLANNING ❑ ❑ ❑
❑ PUBLIC SAFETY ❑ ❑ ❑
❑ PUBLIC WORKS ❑ ❑ ❑
❑ PARKS AND RECREATION ❑ ❑ ❑
❑ HUMAN SERVICES/RIGHTS ❑ ❑ ❑
❑ ECONOMIC DEV. AUTHORITY ❑ ❑ ❑
❑ ❑ ❑ ❑
SUPPORTING DOCUMENTS:
� MEMO/LETTER: Memo from Jennifer Levitt dated 4/27/15
� RESOLUTION: Draft
❑ ORDINANCE:
❑ ENGINEERING RECOMMENDATION:
❑ LEGAL RECOMMENDATION:
� OTHER: Letters from Newland Real Estate Group/NNP-Jamaica and Lennar
Development Agreement
ADMINISTRATOR'S COMMENTS: �
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`City Administra or Date
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COUNCIL ACTION TAKEN: ❑ APPROVED ❑ DENIED ❑ OTHER
Cottage
J Grove
�here pride anap�osperity Meet
TO: Honorable Mayor and City Council
Ryan Schroeder, City Administrator
FROM: Jennifer Levitt, Community Development Director/City Engineer
DATE: April 27, 2015
RE: Lennar/Cayden Glen — Letter of Credit
Background/Discussion
The City of Cottage Grove entered into a Development Agreement with NNP-Jamaica, LCC on
January 14, 2014 for the development of 92 lots in the development known as Cayden Glen.
The developer has sold the lots to U.S. Home Corporation, d/b/a Lennar for the construction of
homes within the development.
Section 2.b.v in the Development Agreement states, "The Developer shall inform each builder
that an escrow and fees must be deposited with the City for each lot. The escrow and fees must
be deposited with the City at the time a building permit application is filed with the City. The
purpose of the escrow and fees is to ensure certain On-Site Improvements (e.g. boulevard/yard
sod, boulevard trees, curb stop inspection, right-of-way permit, property corner boundary
markers and as-built survey and sidewalk repairs, etc.) are completed before a certificate of
occupancy is issued by the City."
Lennar has requested to post a Letter of Credit (LOC) in the value of the lot escrows for the
project, instead of posting individual cash escrows with each building permit. The developer,
NNP-Jamaica, LCC, would like to assign this obligation to Lennar, and Lennar is willing to
assume the obligation; please see the corresponding letters from each party.
The City is supportive of this change as it continues to protect against any default related to the
home building on-site improvements per lot, and it will reduce the labor intensive processing of
escrows on a per lot basis by City staff. The City Attorney reviewed the Development Agreement
and the supporting documents from NNP-Jamaica, LLC and Lennar and found them to be in
order.
Recommendation
It is recommended to accept the assigned obligation for building escrows from NNP-Jamaica,
LCC to U.S. Home Corporation d/b/a Lennar for the Cayden Glen Development.
RESOLUTION NO. 2015-XXX
RESOLUTION ACCEPTING THE ASSIGNED OBLIGATION FOR BUILDING ESCROWS
FOR THE CAYDEN GLEN DEVELOPMENT FROM NNP-JAMAICA LLC
TO U.S. HOME CORPORATION D/B/A LENNAR
WHEREAS, Newland Real Estate Group, through its subsidiary, NNP-Jamaica, LLC,
(Developer) entered into a Development Agreement with the City of Cottage Grove dated January
14, 2014, for the development of Cayden Glen; and
WHEREAS, the Developer entered into a Production Builder Lot Purchase Agreement with
U.S. Home Corporation d/b/a Lennar for the sale of building lots within the Cayden Glen
development; and
WHEREAS, pursuant to Section 2.b.v. of the Development Agreement, the Developer shall
inform each builder that an escrow and fees must be deposited with the City for each lot. The
escrow and fee must be deposited with the City at the time a building permit application is filed
with the City. The purpose of the escrow and fees is to ensure certain on-site improvements (e.g.
boulevard/yard sod, boulevard trees, curb stop inspection, right-of-way permit, property corner
boundary markers and as-built survey and sidewalk repairs, etc.) are completed before a
certificate of occupancy is issued by the City; and
WHEREAS, the Developer desires to assign this obligation to U.S. Home Corporation; and
WHEREAS, U.S. Home Corporation is willing to assume such obligation; and
WHEREAS, U.S. Home Corporation has requested to post a Letter of Credit in the value
of the lot escrows for the project instead of posting individual cash escrows with each building
permit; and
WHEREAS, the City is supportive of this change as it would continue to provide protection
against any default related to the on-site improvements per lot and will reduce the labor intensive
processing of escrows on a per lot basis by City staff.
NOW THEREFORE BE IT RESOLVED, the City Council of the City of Cottage Grove,
County of Washington, State of Minnesota, accepts the assigned obligation for building escrows
from NNP-Jamaica, LCC to U.S. Home Corporation d/b/a Lennar for the Cayden Glen
Development.
Passed this 6th day of May 2015.
Myron Bailey, Mayor
Attest:
Joe Fischbach, City Clerk
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February 23,2015
Jennifer Levitt
City of Cottage Grove
12800 Ravine Parkway South
Cottage Grove,MN 55016
Re: Cayden Glen Development
Dear Jennifer:
Newiand Real Estate Group, through its subsidiary,
NNP-Jamaica, LLC ("Developer"), entered
into that certain Development Agreem oved the "Cit e) for the�de O lopmtent of certa n�r al
Agreement") with the City of Cottage Gr ( Y
property in Cottage Grove,Minnesota(the"Cayden Glen Development").
Developer also entered into that certain Produ�ithi Bhe Cayden Glen Devel pment t wlth U.S.
Home Corporation for the sale of buildmg lots
Section 2.v. of the Development Agreement req i�ras thcation is filed w th the C'typ�De eloper
the City for each lot at the time a buildmg perm pp
desires to assign this obligation to U.S. Home Corporation and U.S. Hozne Corporation is willing
to assume such obligation.
This letter shall constitute written notice of our request to assign such obligation to U.S. Home
Corporation. As we discussed, U.S. Home Corporation will be delivering to you a separate
assumption letter in the near future.
Please confirm that this letter is sufficient to assign this obligation to U.S. Home Corporation.
Sincerely,
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. r�/� . '��� .. , .. �
Shelly Wl�ii. �� �
Vice President
6550 York Ave., Suite 205
Edina,MN 55435
Newland Real Estate Group
52606517 l.docx
fi55D'fork t�venue SuuTh,Suite 2Q5,Edina,MIV 55�135
Dtverstfiod reaI estate leade�shlp In devetopment,lnveshnent,management and advisory services
t.651.J38.0228 I k.69Ld"36,3195 I info��newlardoo.co�ii I newlandr,o.com
Newfand is U�e pruperty manager I�x 1h�rafer'rnCed pro�e�:t
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Apr�z 24,zois
7ennifex Levitt ;
City of Cottage Grobe
12800 Ravine�arl�way South
Cattage Grove,MN 55016
Re: Cayden Glen Deyelopment �
Dear Jennifer; �
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U.S. Home Corporation, d/b/a Lennar has entered into a Purchase Agreement with NewJand Real '
Estate Group,throngh its subsidiar�y,NNP-Jamaica,LLC,to acquire lots within the Cayden G�en
Development.
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Section 2.`v. of the Development Agreernent requires that an escrow and�ees be deposited with
the City for each lat at the time a building pez�nit is filed with the Cify. This letter shall
constitute w�°itte�i notice of request from Lennar to assume this res�onsibility as the btuldez ?
within Cayden GJen. '
Lennar further xequests the ability to meet the escrow and fee requuezn.ent set fozth in Section
2.v. by way of Letter of Credit that would cover multiple lots at a time. Please conf'irm that tliis �
lettex is sufficient to accomplish the abova�:aquests. Tk�ank you�ox your consideration. If you �
have any questions,feel free to contact me, j
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Sinc r , ;
,-a� .�a,_.;._�.. �
��" ablonslci � '
�' Land Area Manager `
Lenrzar Corporation =
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163o536`hAvenue North•Suite 600•Plymouth,MN 55446•Phone:952-z49-3o00•Fax:95z-249-3075 �
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Reqe3pt:�2A8177 3g77636
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' CITY OF COTTAGE GROV� I I �I��II I fl
12600 I �I��II�I�I��I� �
RAVINE PKWY S
corrA�E�ROV�MN 55ots Certified Filed ahdior recarded on: �
1J16l20'�4 12:23 PM
3977636 �
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Office offhe Coutlty Recorder
Washington Gqunty,Minnesofa
JetuNlerWagen�us,CounlyRecorder
E
DEVELUPM�NT AGR�EM�NT
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DEVELOPMENT AGREEMENT •
CAYDEN GLEN ADDITION
THIS DE�IELOPIV�tEN'�'A.GREEIV�NT("Agieement")is enfered into on fihe 18th c�ay of
December,2013 by�uid between NNI'-Ja�aaica,LLC,a Delaware limited liability compan�refet�ed to
as"beveloper" and�kie City of Cottage Cnove,a niunicipal coxpoX•atzon, sxtuafied iii the County af
� Washiz�gto��,State a�Minnesota,hereinafter referred to as the"City."
R�CITALS
,�,, The Developex•is currently th�real esiate�ee owzxex�o£t�e�arcels of land deseribed in Exlubit"A",
wl�ich is to€�e developeci as a subdivision in th�City bearing the name"Caydez�GXez�"az�d xnay
sometiz�aes k�ereinaftet�be re�erred to as the"Subject Praperty".
B. The subdivision plat name foz tk�xs zeszdential subdivisiou was origi►sall�"Ra�vine Meadows"and will
iiawhereafter be refei�ed to as"Cayden Glen".
C. The Deveioper proposes to d�velop the Subject Pzo�aez�ty w�ich is being platted into 92 Iots for the
consh�.lctinn o�detaehed siz�gte-family homes sitciat�d in the City o�Cot�age Gzove,Coux�ty a�
Vijas�iz�gton,St�te of Minnesafa.
D, City a�proved th�preli�iina�y plat{Resolunon No.2013�d39)on Apri13,2013 and final plat on
]7ecember 18,2Q13,a singla-family develo�nnex��a�39.48 acres that is st�bdivideci into 92 single-
fa�azly iats and six outlots;cantingeirt upon complia�ice with certain Czty xec�uzxe�ae�ts i�c�uding,but
not limited to uiat�ers set foi�th hereit�. Ap�z•oval of the�nal plat nained Cayden Glan is tlie same
x�esidential subdivasioz��oX�nerly�amed as Ravine Meadows,
E. City req�riies that cei�tain public improvemenis,which at•e l�e�ei��refer�ec�to as the"Public
Impz•o�Tements"including,but�ot Iimitect ta storm drainage systems,sanitaxy sewe�•,water,g�ading,
sheet Iighfiizxg,tr�ils,sidewalk,curb a�d guttez�s, and s�'eets l�e installed to serve the SuUj ec�Property
ar�d a#her propeities affected by the d�v�lopment of the Subject�'z•o�ez-ty,all at ti�e expense of the
Develo�ez,all as set foi�h hexezn and ui the Approved P1ans dat�d Novernber 11,2013.
F. Developer will peY�a��no.otl�ei�worlt anc�install certain improvements wit�hin fhe Subject Prope��y,
vvhich wozlz�id unpiovemen.ts typically consist of clrainage svvales,ero�ion control,street clean7ng
and tha lilces thereof and wluch i�nproven:�e�ats to tlie Subject Prapei�ty shall be i�fe�ed to herein as
"C3z�-Site 7�n�ro�vemeizts". Public Improvements and On-Site Izx�.pzoveniez�ts are collectively refezmed
fa as fi�ze"Improvem�nts."
' G. Developer shall develop fhe Subject Prapei�y anci install the Pubixc Zm�z�ovezne:�ts in coz�fo�'znance
witli the��at�s and specif cations p�•epared by the Gity dated NovemUer 1 l,2013 and referred to as the
"Approved Plans".'�'k�e A.�proved Plans shall not be an�.ended witl�oilt tfie pz7or wt�itten apploval by
the Deveiope�and City.
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, NOW,TI�REFOR.E,TT IS H�REBY AND HEREAT MUTUALLY AGREED,in cor�sideration of
eachparty's pxoznises and cai�sideta�ians herein set fort�,as follows:
l.. Request for Plaf App�•ovai. T��e City approved the�na1 plat fo�Cayden G1en on Decembez� 1.8,
2013. T��is z•eside�tial subdivisioti is located in the City af Cottage, G�ove, County o�'Washington,
State of Mituiesofa,and is Iega��y descrxbed in��ibit A,
2. Coxxcixt�ous of Arinrvval. The City I�ereby approves the Final Plat and tlzis Agteement on the
conditions tllat:
a. The Deve�o�ez�entezs into this Agre�ment and�Uides by the conditions sfipulatad in tha resolution
approvirlg the�nal plat a�xd t��e te�xns.af tlzis A�reement, All t1�e lots within Cayden Crle�a��e
r�equix•ed ta be par�of a Homeowners Assacxatio�x.
b. `�e Develaper provides to�lie City upon execution of this Ag��eement:
i. An irrevc�cable Ietter of cx•edz�ox cash in the aviau�it of
r,ETTER O�CREDIT�GRADING
Site grading restoratior�: R.e-sp�ead To soil $29,691.Oa
Site grading z•estozat�o�:M1ibOT 250 seeding $38,025,00
&rntilcliing �-
Erosion Control--Teriapox•axy xoc1� $1,500,00
constzziction enttance
Erosion Colit�ol�-Silt fence,n�aciiine sliced $24,750A0
EOF Swale sod/blazalceG $14,269,50
Street sweepex w�th pick up broom $1,875.00
Pond xnainten�nee�d eleanin $15,000.00
Site Crrading $22,500.00
Bu�f'er Irrigation Along CSAH 22) $2�,500.00
Cr�l�de-sac/�sland�ix7g�tion $1,875.00
Buffez Landscaping Along C�AH 22) $37,050.00
Cul-c�e-sac/Island La�idscaping $14,S50.UQ
T�TAL LETT'�R OF CREDIT�R CASH $��6,585.50
The letter of credit mi�st be issued by a bat�k th�tt is dete�niued by the City to�e solve�t and
eteditwaz�thy and in a form reasonab�y acceptab�e fio tk�e Cxty. �f tk�e C�ty�detez�aaines at any point �
tha�the banI�no Iongez•s�.tis�ies tlie Ciiy's reqiureinents,it can require the Developer to get a
�ew 1e�er of eredit f�om a diffe��ent bauk.
The City agt•ees to release the let�er of ci�dit upon suhstantial completion af a1I of th�Pubiic �
Xmpravements and sa�isfactio��of all fees owed by the Develo�er or ifs predecessors in title to -
the Cxty. Upon t�e lleveloper's request,tI�e City�nay z•educe amou�rts o�the letter of cx�edit to
I25 parcent o�tk�e x•exna.ining P��blic Improvansents fo be comple�ed as certified b�the City
Engineer. Prior to releasing az�y�oz�ion o�t1�e lette�af credi�or accepti�g anather letter o�cxedxt --
in repIacement,tlie City sha11 frst be satis�'ied regarding the quality and campleteness of�he
consi��uc�io�or�t�vork aYid fhat t�xe Developer has talceFi st.�ch steps as may be necessaty to ensut•e
that tio lxexa�wil�atfach to the Subject Property.
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ii, Proof of public Iiability and property damage insurance covering personal uljut�y,inoluding death
and claizns foz�px•o�e��ty clamage wl�ich m�y b�caclsed by�eason o�fhe o�ezation o�the -
Developer's equiptnent and laborers,or caused Uy Developer's completiou of the Public
Improvements. Liznits for bodily injuiy ar death s��a11 not be less thaia$1,000,000 for one person
and a$2,OOQ,OOQ for each occu�ience;limits for praparty damage sha11 not be less than$5�0,000
for each occuzxence. Tlxe Developer mi�st keet�tlie instual.zce i1i force at alI tirnes fihat
cons�rucfion for the development is in progz�ess anc�Ym�st provide�ll�at the insurer give tlie City
tex�days'wi7tteti notice prior to c�neellation or termination of the insutance�alicy; a�d
iii. The Developet rnay pay the entrre cost o�area charges based on t�e acreage for sa�iitar.y sewer,
��vater and sto��n water witli tl�e cash paymeiit or-Efie Developer has�ie option to have these area
cl�arges assessed over a tlu•ee year�exiod. Should t��e Developez•choose the�ollo�ving�ea
cllar�es wa��id be paid to tf�e City as specill asses�ments levied against tlie benefitted�and at ea
in installiaxezits ovex tbx•ee yeat's wzth���terest(4%), �
Sanitary Sewer Area Charge 2012 Rate $238,733.90
Watez•,A�ea Chaz�ge 20��Rafe $�03,�.46.60
�toz�nwate�A.r'ea Cha�ge 2012 R�te $139,Q1�.40
$48Q 891.90 .
If the special assesstnent pay�nent option is i�sed,interest will stai�t accluit�g the date tlus
dociunent is e�eetxted l�y the City. Th�aiiocation of such assessn�ents sha11 be as outlit�ed in#l�is
agreerne�t,R.e�exex�ce��e�ein to speci�l�ssessmei�ts sha11 be deeined to iric�ude and sha11 include
a11 interest dr�e thereon. TI�e Developer liez•eby waives all rights i�has by vi.u.�tue af 1Vlinnesota
Statutes Ck�apter 429.081 or other�e to challenge the atnoiurt ar validity of the assessxnents or
the procedures used by the city it�levying the assessments,and hereby z�eleases tha City,its
officers agei�ts aiid employ�e,�fiom any and all liability related to or arising out of�he Ievyin�of
asse.�sments.
iv.Third Pazty Agx•eexn�ent,s,cash��.yinent and le�er of credit ta the City fotaling t�.e azx�.ounts
shown below: �
CASIi PAYM�NT
CSAH 22 Tiun Laue $124,563.00
AUAR�'ee 2013 R.ate $4,579.68
Maj oz•Ztoad Ch�ge 2012 Ra#e
(may be paid in two ec�uaX installmen#s�he first $304,109.00
installment is due tipoii e�ecution�f thas.A.g�een�.ent,
the secaz�d installment is di�e on or before Decembex
31,2014)
Street Lig��t Po1es $44,800.00
St�eet Light Luminaires $54,400,00
Street�ealcoating $�7,026.00
Traii Sea�eoating $4,031.OU
Boluid�y Malkers $I,610,00
Si�eet Light Utility Char e $5,409.60
12%of Public Improveznent� $313,501.29
Sub-tofal $874 0�9.57
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CREDITS
City's share storm sernrer(Box Culvert) $80,800,00
, D,R,Hoi�o�'s Share Sanitar Sewer �egmen�#2) $49,265.0�
Hortori's Share Water Main �WWD) $�,500.00
Trail A]ong 7Qth Street $16,490.00
Watex�nain 4versizing $96,8$9.00
�u�-tofal $247 944.00
TOTAL Cl-�SH PA�NT $G26 085.57
TILTItU PARTY AGREEMENT--PUBLIC IlVIPROV t +NTS
St�'eet aving $693,178.75
Sanitat�y sewer system $550,393.75
Water system $666,827.50
Water&Sanitary house services $210,725.Q0
Storm sewez $�09,aoo.00
St. ixghting(base,conduit,wi��g,etc,) $124,�aoA4
Sidewalks $154,293.'15
General $83,225.00
Final St�•eet(1) $0
To�.A,�. �3,092,34�.70
T�T12D PARTY AGREEMENT—PARI�IMPROVEMENTS
Pailciul rovements $188,416,00
Trail Itnproveinenfs Outlot C) $31,331.0�
TOTAL $219 747.00
(1} The cost to construct ihe�nal street is estima#ed to be$233,17b.56. The City will allow a
reductxon to fihe$69�,178,75 cost fot st�ee�paving in tlic Third Party Agreement—PubXzc
Iniprovements,but will zetain a z�rxx�nizx�unrx o�$233,�.76.56 u�.txl a��tl�.e�'inal streef improv�ments
� have i�een consti2�cted and accepted hy the City. �111tarnatively,th�Developer car�post a letter of
credit for ihe value of tlae final street costs.
If any fiiz�ds k�eJd ilnder this agreeme�it e�ceed the a�noun�necessalq ta reunUtu'se the Czty for its
costs Yuid�r#Ius pa��ag�aph,suc��£uxxds shall be�zoz�a�tly x•etu��ed fia Develope�•without intErest.
If it appears tliat the actual costs incurred will eaceed the estimat�,Develo��er and City sliall
re�view the costs x•ec�ui��ed to cornplete the�raject and t�ze Developer sliall deposit additional sutns
with tlie City.
v. The Developez•shaIl infoxm eacli biiilde3 that an escrow and fees rnust be c�eposzted witl�the Cify
�a�each lot. The escrow azid fees n�ust be deposited w�ith the City at tlie time a buiiding pei�nit
ap��zcation is�iled with the City. The pusp�se of the escro�vv and fees is tia ensure cei�ain�n-Sxte
�inproveniezits(e.g.bouleva�'d/ya.rd sad,baulevard t�'eeS,C��b sto�insj�ection,X�g1�t-��-way
pertnii,property corner bounda�y naaz•lcez•s ax�d as-bu�lt suxvey aiad sidewallc�•epau,etc.)are
eom.pleted before a ce��tificate of accupa�icy is issued by the City. The builder must plant a
boi�levard i:ree having a mininaun��x�ee tx�ux�lc size of not lae less than 2.5"calipex•width on1�if fhe
boulevard�•ee plavted by the Developer I1as ciied, One bouleva�d tree is required per lot,e�cept
for coiiier lots vc�hiel�must have one bouleva�d iitee oz�eack�stxeet a�tk�e p�•operty. The City
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Foreste��inust be c�ntacted for pui�oses of stalting the location of the Uoi�lev�d tree ta be planteci
and approve trie t�ee species. Foz•a lot where the Cef�ificate of Occu�ancy is issued befween
August 1 and April 30,tree pl�ting desoribed i1i this paragraph must Ue completed by the b��i[der
Uy the 1 Sth o�F7une. Fox a lot wk�ex�e tlae Cex•tificate of OccupaY�cy is issued between May 1 a��d
Tuly 31,tree plaiitii�g inusf ve completed bythe buildez�by the 15th day of Septem�ez. '�'he
builcler's c�s��escraw wi11 be postec�witiz flie City's Fi��at�ce Directoz�i�a�on.�interest bearing
account.
The minimum cash escro�vv and�ee�or each lot is showz�belaw: _
Lots l thru 9,Block 1
Lots 2 flnu 5,B1ock 2
I.ots 1 fhtu 4,Block 3
Lofs 6 f��ru l l,I31ock 3
I,ot 13,Block 3
I.ots 2 thru 8,B[ocic q Fees: Ri�ht-of-way Permit $50.4Q
Lots 11 tht2i 17,Block4 C�trb BoxInspection $3Qp,00
• Lofs 2 tl�ru 9,BIoek S �Scrow: Baulevard h�ee,boule�ard/yard sod,drivaway
. �.ots 12 th��ii 19,B�oc�C 5 apron,and corner lot l�ou�ida�y inarkei•and as-b�i�lt sutvey. $$,592,00
T�ats l t7uu 10,�lock b
Lots I2#hea 14,Block G
Lots 2 tluu 4,Bloak 7 �
Lots 1 and 2,Black 8
Lots 2 tI�1�4,Block 9
�.ot 10,�lock 1
Lot 1,Blocl�2 Fees; ltight-of-way I'e��nit $50.00
Lot 5,Block 3 Curb Box Inspection $3pp,�p
I,ot 12,Block 3
�.ot 10,Blocl�� Boulevard h•ee,boulevard/yard sod,driveway apron,
Lot 18,B1ock 4 sidewallc replacement and co�-ttex�lot bottndary marker and
Lot 11,B1ocIc G as buiit survey. $7,754,00
�,of 1,�tock 9
Lot 1,Blook 4
Lot 9,�lack 4 Fees: Riglit-of way Pernut $50.00
Lot 1,Block 5 Gux�b�o�t I�ispection $3fl0,00 '
Lots 10 and 1 I,Block 5
Lot 20,Block 5 �scrow: �vo boulevard t��e�s,bot�le�vardlya��d sod,ciriveway
Lot 1,Block 7 Tp1on,ancl corner lot boundary marker and as-btult siuvey. ����a4.o�
Lot 5,Block 7
Lot 3 Block S
c. The Developer recozds the fi;nal plat with the County Reearder witlriri.oz�e yeaz after City Council
ap��raval of the�inal p1at.
� d. The Developez•agrees to fui�►isl�aII]abox•,mate�•ials anc�eqtupment pez t�Ze�esolution approving filie
fin�l plat�or Cayden Glen and per�oun the Public 7mp��ovez�e�ats and utility repair and zdJustn�ent
i�ca�fot�v�tnce with the Appiaved pla�,
3. Develot�xnexxt Plazxs a��ci Ri�l�t to Pt�oceed. The Develaper tnay not consfiruef any Public
Improvements until all the followu�g eo�ditions liave bee�sat�s�ied:
a. Tlus Agreement has been fiilly execitted by both pat.�tzes and filed wifh the City Glexlc,
b. Tl�e necessaty secut�ities,watxanties,and escrows as required by this,Agz•eeznent liave been
recei�ved by the City,
.$�
c. Tlie Final Plat has beeri submitted for�•ecording with the Wasl�ington Cotuity Recorder's
Office.
d. `Z'k�e Czty�as issued a lett�r s�a�itig fhat�11 canditians o�t�xs Agreexnez�t have�een satisfied and
tha�tha Developer may proceed. '
The De�velopef�ag}ees that tlie Public Iznprovementi work sha11 be done and perfarrned in�a
worlunat�lilfe ma�mer�nd all inatei7als and laUor s�ll be in strict confozmity wi.th the Approved
Plans a��d City oz•dina��ces. Any material or]abo�szzppXied�•ejected by t�e City or City E�gineer as
defective or ut�uitable per the Approved Plans s11all ba removed and replaced with a��z�oved
za�ateiial to the reasanable satisfaotian or�tpproval af the Gity ox•the Czty��a�neer at th�cost and
expense o�Developez�.
The Develo�e��shall su�brnit a written schedz�le indicating the progress scl�ecll�le and order of
coi�pletion af the P�rblic I�provaments. It is�iu�tl�er agreed that��poii�eceipt of wa'xttex�z�otice from
tk�e Aevelo�ex�of tlie e�ste�ce of e�uses over wl�ich tl�e DeveXo�ez�k�as zxo eo�ltrol which will delay
the completion of the Ptt�lic Xtnpraveme�lts,the City Council,in zfis discretion,ma�exteiid the date
herein�'or con���le�ion and tihat any bo�d required shall be co�tinued to cover the p����ic
In�.�zave�neut warlc during t�us e�te�ision ofti�ne, Zt is disti�ictly ut�dez•stood and agreec�that all
Public I�nprovetnent woz�l�cove�•ed by tl�is Ag��eeznent shall be done at no expetise�o the Cify uaaless
atherwise agreed ta by the City and the Der�eloper, The City agcees to sealcoat tk�e st�eets in th�
subdiviszo�,at�k�e C�ty's e��ense,t�o yea�s�o��ow��.g t�e iz�s�allation of the w�ar eourse paving i��
the subdivision,
'�'he De�velopar agrees to coirunence construction o�the P�ublic Improvement watl�xec�u�zed by this
' A.gxeement o�a�before J�uly l S,2014,a�d will have all Pi�bXxc zxn.px•ovezx�ents substa�itially dane,
including the bituminous wedge on the stzeet and fi�Ily completed to the reasonaUle satisfactio� and
a��arav�l of the City Engineer on or before NQve�nber 15,2014,exce�t all concz•ete work�nust be
completed by Octobe�•�5,20�9-at�d the weac course/�na�lift of all streets in t11e stxUdivisior�mus�
be completed withui tl�r�e y�a�•s froi�the date all oth�r P�iblic Iulp�over�ents are accepfied by the
City oz•when 90 percent o�tlie hauses liave been consi�ucted,whichever is sooner, The Develo�ez
is responsible�or fhe futiue expenditures to remo�ve the fempoi•ary wedge,pave the weax•couz•se,
repazx•da�naged cw'b at�d gu�ter that is no�i�e�sonably accepted,�•estozatxo�.costs anci any o�ier
Pi�blic Improvemen�that n�ust be co�a�.pleted.
�. Tk�e Develaper sha11 not do�tny Pt�blic Impiovenlet�t wo�lc ar fiunish any xnatezxaXs not cover�d by
th�App��oved P�a�s ox•fik�as.A.gree�n.ent,�o�whic� x•ea��bu�seznez�t is expected fiam tlie City,un�ess
stteh vvorlc is first oz•dez�ed in w��iting by the City as pz�ovided ir�the Approved Plans. Any such wo����
or inaterials whicli�na�be done or firrnished b�the Developer's c�nt�actor witl�out suc�.wrxtten
ordez�rst being giveti shall be at the 17eveloper's own rislc,cost and expense.
�t as fiuther agreed,an�hing to the co�t�a�y he�ei�i notv�rithstanding,that the Cxty,Cxty Cauncil and
its agez�ts oz emplayees shall�ot be personally liable a�respo�nsib�e i�.az�y�aaziner to the Developer, .
the Daveloper's conix•actoz•oz•subco�ia•acta�•s,x�atez•xa�znen,laborers or to any other person or
pezsons whoinsoever,for any claim,d��ancl,damages,actions or cause of any actzon of any lcind
or chax�actez�at�ising au�of oi by xeas�n of tl�e execution of this Agz•eement or the pei�formance�d
coinpletion of the Public Improvement woz�I� and the ImprQ�vernents a�2d th�t the T)evelopex'w��1
save the Cify h<u�nless from all s��cli elaims,demands,d�tnages,actious ox causes o�action or tlie �
costs,disbtusements and expe�.se�o�'de�endzzag the sanle,except for atly such claims,demands,
dannages,action�or cat�ses of acfiion caused by the tnisconduct o��negligence of the Cii.y or
someone acting on its behalf.
-G�
5. Stal�in�g,Sua�veyi�x�a�d Xusnectio�ns. D�VBiQ j78f ft111S��71�ovide all staking�id s��z�vey�ng�or the
Public Imp��ovenients in order fo ensure that the com��Ie�ed Public�in�rovernents co�zform to the
Approved Plans. Tlae City will provide for coz�st�uction inspections,witness tasting,review testing
�•eports,conduct erosion coutrol inspecf.ions and at�ei�d project meetings at the De�v�loper's expense.
Developer n��ust nat�fy the City Engineer at least 4$hoius in advance,not iiicludiug weekend c�ays
or l�olidays,for inspection service or scheduling of fiests to be perfo��n�ed. �
6. �tc•eet Li�hts. The City will fiu�nish the sir��t lig�llt pales and lumui�ies. The Developer is
responsible�or instaIlir�g the st�•eet lights and pz�ovidzng a11 other s�eet light i�npx•ovez�lentis as
shown nn the Approved Plans. .
7. �+"rnal Ins�ecfion/Accen#ance. Upon co�npletion of the Public Iinprovements,the City Engineer
a�id��epresentatives of tlle Developer's contt•actor a�ld/or engi�eer will promptly mal�e a�nal
itispectiati of t1�e Public Improvemants. Be�ore final payment is made to tl�e cont�actor by the
De�velopez�,the City Engineer sha�be sa�isfied that all woilc is satisfactoi�Iy cflmpleted it�
accordance with the Appro�vecl Plans and all City ins�ectzoi�s for the wozlc were perform�d,and the
Deve�ope�'s e�igineer sliall submit a writ�ei2 stateineilt attesting to the same.
T�.e Develaper's cpnhactor pei�ormu�g the Public im�ro�vemen�s�or fhe Developer must s�.tbmit to
the City a 1�0%Waxza�.ty Maintex�ance Bond that sha11 i1iY1 foz'a�ini�iun af one yeaz. Said bond
shall z1�ri from date of acc�ptanee Uy the City of all Public Irn��rovements. At the tim�of final �
accepfance of the Public Itnp�•ovetnet�ts,if it is detei7uined Uy�e City that the Approved Plans
were tiot adhered to, o�ttiat 1:he PubI�c Improvement work was done withoi�t City ins�ections,the
Developex�ag�'ees#o znca�ease the letigth of the lOQ%WaiYanty Mauitenavee Bond up to a�z�a�zi�ruzx�
of tvao(2)years as reasonably detezxnined by the City Eiigineer. Tl�e Wai-,ranty peziod for streefs
eamn�ences after the final placement of the wear course,
Tl�e Czty Engmeer will notify th�Developer in un•iting of the City's approval and acceptance of t1�e
P��blic Improvements and scl�edule the request for acceptance Uy the City Coiuicil. City Council's
acce�t�uice shall be vvithin 30 days ai�a��the City Engiz�eex�'s final inspection(s). The�al approval
and acce�taz�ce o�Fthe�ublic Ttnprovements b�the City CoYtncil sha11 cons�itute final approva�a�.d
acceptance by th�Cit�'VU1f�lOU��ll�fi�e�•actio��or��.e�az t o�'an.y�az�ty��ezeto.
8. Defau�t bY Aevelon er, T�i the event of default b�tha Developer o��e teitins o�this Agreement,
inchiding b�t nat limited fio,�'ublzc Tinprovetnent worlc to be pet�foi�ned o��payment ta be xnade to
tl�e City pursua��t to tlus Agreeme�t by the Developer,its sueeessars or assigns,and�he continuance
of such default after w�itten notice fioin the City and tha expiratiou of t1�e Cure Period{as defined -
belaw),th�City is grai�ted tkxe xxgk�t to declare any stuns�x•avidec��y this A.greem.ez�t clue and
payable in fii11,and the City inay draw upon any�nancial�uaranty{ies)posted in confor�nance with
this Agreement,pz�ovided,liowever,tlie Developer s1ia11 first be given ai�oppoi�.ianity to cure the
defaL�it fo�•a�ariod o�at least 30 days(except in eme��geucy sit��atioiis)tl�ereaf�e�:as providecl
be�ow. Sai�.iiatice wi11 be adc�ressed to Developer at the address shown balow in Section 18, rn
th�event fihe Czty dz•aws fion�any financial guarauty(ies)sums that e�ceed the costs or damages�o
tlie City,the City will prornptly x•etuz��such excess a�r�.ouuf�to fhe Devela�ex.
Notwithstanding anything to the contraly cofitau�ed in tlus Agi•eemenf,if�ie City determines that
the Deve�oper is in default o�an�of the terms of this Agreement,the City shall promptl�r notify
Developer of the defauit a7id/ox noz�-compliance. T'he City agrees to provide the Developer a
reasonable and appropriate auiount of time,wluch shall not be less than thirty days, for t�ie
�7� �
Deve�oper to co�ect an�t�oted defaults,basec�on t�e zneasures that will zieed to�6e talcen by the
Developer to cor�ect tk�e default("Cure T'eriod"), In the event Develdp�r fa.ils to coirect s�id�on-
complia��ce witluf�the designated Cure Pe�iod,the City rnay tatce any other remedy or actioii
. available to f11e City undet•the tei7ns of this Ag��eement.
The City also xese�ves the ri�ht to levy special assessn2ents against the land withi��I�e
subdivision to recover its cosfis if it n:�iist pez•�ozxn the woxlc and n�ay dx•aw upon the finar►cial �
guaxa�ntee�ot az�ly fo���defal�it by t1�e Develaper vvi�Ii res�ect to the Public Impi•ovaments but for
ariy oth�r default by the AeveXoper,
The�ailure of the City to observe or p�TfOZlll 21I1�CoVEllallt,condition, obligation or agreement on -
�ts p<u�t fQ be observed or per#'ozxa�ed under t�iis Agreeinexrt,aaxd suc��failure continues�ox�30 clays
after tl�e T?eveloper�rovides notice to the City o��he nature of the de�aulf pursuanf to paragra�h
17 of flus Agreernent sk�aX� constztute a default af tivs Agreemetit tiy�e City, Wk�enever a
deFault occurs by the City,the Deveio�er may talce whatever action at Iaw or in equity�nay
appear necessary oz�desu�able ta enforce perfoi7nance and observat�ce of any obligatioi�,
agreeYzient, or cov�nant of the City undex•t�xs,Ag��eez��.ezxt,iz�cXudiz�g az�actxaz��o�•s�ecx�c
per�ormance. A�xy action for specific l�ei�formance inust b�com�nenceci within six manths of tlie
defat�lt,
9, D�ruial of Pex•mits. Breach of any t�rin of this Agreement by the D�v�loY�er or faihue to comply
wzth City ordinanees shall be grotulds for denial of building or accupaucy perinits for buildings
within the subdivision iuitil such breach is corrected by the Developer.
1�. .A.tto��neYs'�'ees. The defaultzng�az�ty wili pay the non-defaultir�g�arty's i•easonable attorney's fees
to be fxed by tlie Court in the event a suit or actioz�zs bx•oug�at to enforce the terrns of this
Agreemenf,or i7i the event an action is brought upo�a band or 1et�e�of ctedit fi�rnished by the
Deveiape�as prc�vided harei�z.
Il.. ;�ssi�nment The Develope��an�y iiot#ransfer or assign a�ry of its obligations Zulder this Agreement
,t�vitl�:out��.e�riof writtcn co�lsenti of the City;whicl�shall z�ot be unz•easonably withheld,eonditioned
or dalayed.
12. Ag�•eezne�lt to�tun with La�nd. The City ag�•ees to z•ecoxd tliis Agreen�ez�t anaozzg the Iand z�ecoz•ds of
Wasluz�gtan Couz�ty,Mituiesota�uid the De�veloper agrees to record�he"Cayden Glen"final plat at
Washitigta�i County,MiY�iesota. 'Z'he provisiai�s af tl�is Agreement shall z7u1 with the Xa�d and be
t�i�ding upon the Developei•and its successors in intexest. Notwzthsta�.ding the foxegoing,no
co�tveyance of the Pz�ope��ty or any pa��thereaf shall relieve-the Developer of its liability for fitll
pex��ozxnance�f t�us A�eement un�ess the City expi�essly�o releases the Developer in w�txf7ng,
13. Y2elease. U�oz�completion and appra�val of all Public Ij�proveznents required herein,including
coznpletion a.nd acceptaz�ce of the pt�blic Irnpravements and satisfae�ion of all of t�ie Deveioper's
abIigations under this Agr�en�e�t,t�.e City agrees to exeeiite an instL-umetlt(in foi��i st,ifficient to
remove tlus AgY•eeinetrt as a fiu-th�r encumbrance agai�ast the Subject Property}releasing all of the
�uUject Pioperty from the fe��ns of this A�eement.
14, Se�verabilit.y. T1�e provisioi�s of this A.greezaaent ax•e sevezab�e,a�d az�ti�e eve�at t��at any p�oviszon of
this Agreel�ent is found invalid,fi�ie remaiuitlg provisions sha11 remaui in fu11 foroe a�id effeet,
_8.
15.An��lic�ble L�w. This Agreement shall be governed by and constz�ed in accordat�ce r�vitih the laws of
' the Sfate of Miz�nesota,
16. C��n�es in Official Coiit�•ols. Far five(5)y�ars from the date oiF�vs Ag�ee�enti,na atnendnaez�ts
to the City's Co�nprehetisive Plan or official coni�ols sliall apply to or af�ect tk�e use, develapmen�
density,lo#size,lot Xayout o��dedic�fions of the approved final plat tu�less required by state ox��ederal
Iaw oz�agreed to i�writing by the Cxty and the De�elaper.
17.Notices. Required tio�ices to the Develope��s�iall be in writitig,and shall be eit��er fiand delivered to
t�ie Dev�loper,its ez�a�layees or agents,or mailed to the Developer by cei�tified maz�at t��e�ollow3ng
address;
NNP-Jan�aica,LLC
Attn.; Shelly White,V�ce president
6550 York Avenue Suite 245
Edina,MN 55435
With a copy to:
L�lcui,Hoff�r�an,Daly&L�ndgren,LTI�
Attn: Ryan Boe
150Q Wells Faz•go Plaza
7900 Xei��s Avenue Sout�.
Bloamington,MN S543I
Notices to�lie City shail be in writing and sl�all be either hand del�vered to tiie Ci�y Administratoz�,or
mailed to the City by certified mail in care of tlie City Administxatox at tlie follawi�g address:
City of Cottage G�ave
Attn.: City Admi.nistrator
12800 Ravine Parkway South
Cottage Grove,MN 5501b
18. Prior A�reemenfs. '�'�ais Agreetnent sapersedes a��d x�eplaces a�3y prior developm.ent agzeezn.ez�ts
affectuig the Subject Pro�erty.
19.1V�aa1 Boxes. The De�veloper is xesponsible for tlie placement of a�ailbox foi ail the lots within the
project and inust cox�ply with the United States Postal Seivice's mailbox desxgxz and placenient
guideluies. The mai�bo�es��u�t be of sinvlar design.and coior within this developn�ez�t.
20.T��aa�anc� Sic�ewall�Marntena�xee. If t�e City does not provide sz�ow removal on the sidewalXcs
aUi�tting x�es�dential lots,the Homeowtxe�•s Association ar the property owaaer(s)adjoi�ung th�
sidewalls tnust z•eznove�ie snow and/or ice. '�'�xe City shall r�ia.in#ain,at its sole cost and expense,the
t�•ail to be constructed iz�Outlot C,
21. Pariz Improvements. The Develo�e�'is reqnued fo pay park fees in lieu of land dedicat�o� an t�.e
amount of$188,416,00. This amount is based on 921ots and 64 percez�t offlie$3,200 p�r 1ot�ark�ee
zz�liel�of land dedication. The Developer is consfiuctxz�g t3�e p�k iinprovemezits upon Outlot C of
Cayden G�e�, �1�C4llStPllCti011 COSfS�Ol�paT�lc iuiprovements and txazXs were estimated to be
$252,777.00 as detailed iz�Sec�io�2(b)(iu)of this Development Agreeme�at. '�'he City ag�e�s to
c�ei�nbi�rse the Developer t�ie di�Fexence between the aetual coz�stiuction costs arrd t��e$219,74'1.00 the
-�-
Develaper is required to pay. The Developer agrees fo obligatioz�0�$1$$,416.00 for parlcs a.i1d trails
H of$3�,331..0a far a total of$219,7�-7.00, Aiiy overage incurred above$219,747.00 is the City's
expetise,nat tlie Developer. Upon completion o�the�ub��c Iinprovements?Developer shall deed
Outlats A and C of Cayden,Glen to the City.
22.PreuarAtion of Plax�s auc�Specifications. The Developez•nzust pay to the City$fi5,081,34 for the
cost i�x�zeparing the plans and specx��a�ioi�s far the Pi�blic Improverner�ts. Payxnent m�ts#be
recei�vec3 before Deceinber 31,2�13.
23. Easements. Tlae Developer mt�st obtain frotn D.R.Ho��tori cei�tain easem�nts before the City wil�
z•elease the final plat fox z•ecoz•duig, The reqi�ired easements are as follows:
a) A ten�paraxy public utilify easement crossi��g D.R Horton's property fnr puiposes of constructing
Segtnent 2 sa��itary sewer; and
l�) A tefnporary easelnent t1�e temporary cul-de-sacs lacated at tlie e�st end of 67��`Street and 69it,
Sheet in Ca�den GIen;azzd
c) A�e�7nanent sEoilnv✓ater sewez•easemeiit between Outlot A in Cayde�G�ez�and the S�WD
propex�y;and
d) A fempox�a�y drain�ge easeilse�t for pondizag east of a�id adjoi��ing Outlot A in Cayden Glen.
2�1.�'ut�re Residential Lot.The City s�ippoi�ts the cornbining of Outlot F in Cayde�a Glen subdivision
with add��ional adj ouvng property on t��e D.R.Hai�ton property that will create one additional lot iu
D,R Hflrton's futu��e development phase.
25.The Develope��s1ia11 provid�a capy of the exect�ted agt'eeme�t between NNF-Jamaica,LLC and D.
R..�-Yorton to the City.
IN WITNESS OF THE ABOVE,the pai�ies l�ave caused this Agreenient to be executed oz�the date
and year writtezz ahove.
NNP-7AMAICA,LLC CYT�Y OF COTT E GROVE:
$y; �'�i���'- �,(.-{st'-�-� B .
Waltez F.N�e�svn,Presiden� Myr Bail�y, ayor
By: �1�
Ca1on M, Shansk�,City Clerk
-�o-
� ACKNOWLEDGElVI�NT FUR.C�T'Y
STATE OF MINNESOTA }
�55.
CO[JN I'Y OF�VVASHINGTON }
�3 The foregoing ins�tu�uent was aclulowledged before me this���� day of �nr,��r �/�,
•�6i�;b�Myron Bailey,Mayor and Caron M. S�:anslcy,City C�ez�C of the City o� ottage G� ve,a
Miz�nesata nlunicipa� coi�aration,on behalf of the coipora '
. �
Notaty Pu lic
;�,n N�IL R.B�lSCAMP�Fi -`�'.�..
�° ��== F-� u��r�v�ueuc•Mit��sora
��'� Mycamml�n
Explres�an,31,2015
ACKNOWLEDGEMENT k'�R.DEVE�,OPER
STA.'�`E Q�'TEXAS )
}ss.
COiJNTY OF HARRIS )
y �
On this I� da.y of ,2013,befoz•e zx�e, a notai'y�ublic within and foz•said
County,personally ap�eaaed•'W�1ter F.Nelson P�•esident of NNP�JAMAIC,A,,LLC,a Delaware linuted
liability company,on Uehalf of sa�d company,did say tl�at he is the Presic��nt of said coz���any,and he did
acknowledg�ax�d execute sa.id instxun�ent to be his free act az�d_deed on behalf of said coxn.�parxy.
�___._�
�-a...".... '�..
�_�
�"�Y • LOR!FIOR�CUR'I'lS �4ta�y Public
(Notuy Seal) � �`
�i "� MY CDMh1iS9lON�XPlRGS
s�� �b duty 16,2oi4
"%$;4f,1t���
THIS DOCUMENT DRAFTED BY:
Cotnmunity Development Ae�arhnent
City of Cottage Ga�av�
12800 Ravine Parkway Soutli
Cottage Grove,MN 55016
-11-
� EXHISIT uA"
�.,EG,AL AESCR�1'TION OF THE SUBJECT PROPERTY .
The Soirtheast Qu��er af tlie Soutlxwest Qi.�arter of Section 3, Township 27, �Za�ige 21, Waslungton
Connty,Miz�z�esota, except the East 459.25 feet the��eof, a�id also except the South 320 feet af the West
121 feet tliereof.
And
Tlie East 459,25 feet of the Southeast Qtlai.�ter of tlie Southvvest Quarfer of Sectzon 3, '�'ownship 27,
Range 2J., Washingt�n Cau�ty,Minnesota,contai�g 14 acres it�cluciing road right of way. Subject to
a pt�blic road easetnent for 70th Stre�t South and ali other easemants,if any.
And
That par�t of tl�e So�athwest Quarter of the Sol�tl�west Qua�'ter of Section 3, Townshi� 27, Range 21,
Washington County, Mituiesota described as follows: Begi�i�xg at the rl'or�heast cor�er o�the South
fi39.67 feet of said Southwest Quartez� of the Soutliwest Qu�.�ter; thenee Nortli 89 c�egz•ees J 2 r�inutes
59 seconds West, assumed beaiing, along flie North 1iz�e of said Soutli 639,67 feet,a disfance of 15.41
feet; thence South O1 degtees 26 rni�iutes 59 seconds �Vest, a distaz�ce of 319.69 feet to the Not�th line
of the East 30.00 feet of the south 320.40 �eet of said Sou�liwest Quarter of the Southwest Qua�-te�',
thenc� Soutl�89 degrees 121uinutes 59 seco�ds�ast,along tlie Noi�th line of said East 30.�0 feet of the
Soi��li 320.00 feet, a dXstaz�ce a�17,00 feet to the East line of said Soutlawest Qua.l�er of the Southwest
Quax�er; thence North O1 dega•ees 09 �ni�utes 55 seco��ds East, along said East liz�e of the Soutlawest
Quarter of the Southwest Qu��ter, a distance of 319.69 feet ta th�point of beginning.
And
That part of the SoufI�west Quat�ker of the Southwest Quartez of Sectio�i 3,Tawnslup 27,Range 21,
Washington Co�ulty,Minnesota described as follows:Beginnin�at the Northeast co�t�.ez o�fi1�e�outh
639.67 feet o�sa�d Southwest Quutei�o�t�e Soutlawest Qua�.�ter;�lience Noi�1i 89 d�grees 12 minutes 59
seconds West,assumed bea�•zz�g,a�o�g tl�e Noi�1i line o�said South 639.b7 feet,a dista�ice of 15,41 feet;
thence Noz�tYx OI degrees 26 minutes 59 secoz�ds BasY,a distance of 687.87 feet to tlie I�oz•tt�line of saicl
Southr�est Qua�•tez�of tlie Southwest Quar�er;tl�ez�.ce South 89 degrees 14 minutes 09 seconds East,along
t1�e said Noi-kh line of the Soutliwest Quat�ter of the�out�west Quarter;a distauce of 12A0 feet to fhe
Noz�theast corner of said Southwest Quat�ter of tlie Southwest QuarteX;t�ez�ce South Ol degrees 09 nti�nrtes
SS seconds Wesf,alotig said East line of tlie Soutliwest Quarter of the Southwest Quartex,a distar�ce o�
b87.84 f��t to the poi�t of beo r�ning.
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