HomeMy WebLinkAbout09-003 Belmont Estates ImprovementsO~ PRI~~
~~~. \ ~ 4646 Dakota Street S.E.
U ~ '~ T Prior Lake, MN 55372-1714
~` RESOLUTION 09-003
~jNNESO`tP ,>'
NG THE DEVELOPER INSTALLED IMPROVEMENTS FOR BELMONT ESTATES CITY
PROJECT #05-126
Motion By: Millar
Second By:
LeMair
WHEREAS, On December 5, 2005, the City Council adopted resolution 05-188 which authorized the
City to enter into a Development Contract with Arcon Development for the plat known
as Belmont Estates; and
WHEREAS, On January 3, 2006 the Development Contract with Arcon Development was
transferred to Toll Brothers; and
WHEREAS, The Development Contract outlined the improvements the developer was responsible
for installing; and
WHEREAS, These improvements and all other Development Contract responsibilities are now
complete to the satisfaction of the City ;and
WHEREAS, The City has received the as-built drawings and property iron certification letter; and
WHEREAS, The City Engineer has reviewed the improvements and has written the acceptance
letter for this development; and
WHEREAS, The City Engineer has determined that according to the Development Contract, the
escrow for lift station design in this development was found to be more than the escrow
calculation.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The City Council hereby accepts the improvements for the Belmont Estates development.
3. Any remaining escrow dollars for construction inspection will be returned to the developer at the
conclusion of the successful warranty period.
4. The remaining escrow in the amount of $22,000 for future lift station design shall be reserved in the
Trunk Utility Fund and amounts in excess of the City's actual costs incurred will be remitted to the
developer.
5. The oversizing amount for watermain and raw watermain construction was paid to the developer in
accordance with the Development Contract. No further compensation to the developer is needed
for this project.
PASSED AND ADOPTED THIS 5TH DAY OF JANUARY 2009.
YES
NO
Hau en X Hau en
Erickson X Erickson
Hedber X Hedber
LeMair X LeMair
Millar X Millar
www.cityofpriorlake.c~r~iank Boylea~, Gity Manager
M;I000NCIURESOLUTI12009l09-Q43 Belmont Esta~~l~~vts~~e~ 9800 /Fax 952.447.4245