2017.03.01 EDC - Laserfiche WebLink

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Watershed District. The plan may require temporary storage of water to accommodate the initial Minimum Improvements. Redeveloper shall coordinate the design of the storm water pond with City. Special Services District or Master Association: City and Redeveloper recognize that the Redevelopment Property is an integral part of the New Brighton Exchange ("NBE") project. As such, NBE will likely require more public amenities and services than are typically provided by City. City reserves the right pursuant to State law to establish a Special Services District ("Special District") request Redeveloper to participate in the creation of a Master Association to help maintain the quality of development within the NBE. Redeveloper agrees to cooperate with the City in the establishment of a Special District or a Master Association as it relates to the Redevelopment Property. The parties will delineate these amenities and fees in the Redevelopment Agreement. Public Improvements: Most public improvements have been installed and are available to serve the Redevelopment Property. However, Redeveloper shall pay for any additional public improvements (not previously installed) required pursuant to local codes and ordinances or repair any existing public improvements to serve the Redevelopment Property, including but not limited to: • Streets (concrete curb and gutter, granular sub-base, gravel base and bituminous pavement) • Street lighting • Sidewalks and trails • Public utilities (water main, sanitary sewer and storm sewer) • Storm water ponds and drainage Redeveloper shall coordinate the construction of the Public Improvements with City. Site Improvements: Redeveloper shall construct all Site Improvements according to City-approved plans in accordance with City's ordinary and customary requirements: • Sanitary sewer • Water mains and stubs • Storm sewers and storm water system elements • Landscaping • Pedestrian improvements • Grading and import/export of soil The City agrees to reasonably work with the Redeveloper on extraordinary environmental remediation costs as contemplated herein and as will be delineated in the Redevelopment Agreement. Effect of Term Sheet: This Term Sheet outlines the terms under which the parties are willing to enter into a Redevelopment Agreement, but does not constitute an offer or acceptance on either party's part. All rights and obligations with respect to the Redevelopment Property shall only be as provided for in a Redevelopment Agreement approved by the City Council.