Title
RESOLUTION AUTHORIZING A UTILITY EASEMENT RESTORATION AGREEMENT OVER PORTIONS OF LOTS 10 THROUGH 26, BLOCK 1, LONDON EAST.
Body
CITY PROPOSAL:
RESOLVED, that the proper city officials are hereby authorized to enter into a utility easement restoration agreement substantially in the form attached as Exhibit A with Renovo Capital, LLC, a Minnesota limited liability company.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution will authorize City Officials to enter into a Utility Restoration Agreement with the current developer of the London East development. The plat was fast tracked and has a confined site. Given the quick development, misunderstandings occurred regarding use of the easement area. The utility easement area has a active gas main within some of the lots, with additional main to be extended in the future as development occurs. This gas main needs to be maintained and accessed by city staff. Previous owners on other lots in the subdivision have constructed obstructions including fencing, landscaping and placement of amenities that the city does not have the ability or funds to restore to a similar or equal condition upon repair or work on the gas main. We want to get this agreement in place prior to additional gas main extensions occur and before more property changes hands.
The developer, with the help of the city will attempt to obtain similar Utility Restoration Agreements with the lots that have already been sold.