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HomeMy WebLinkAbout10-012 Hickory Shores Improvements RESOLUTION 10-012 ACCEPTING THE DEVELOPER INSTALLED IMPROVEMENTS FOR HICKORY SHORES CITY PROJECT #05-212 Motion By: Millar Second By: Hedberg WHEREAS, On August 21,2006, the City Council adopted Resolution 06-145 which authorized the City to enter into a Development Contract with Tollefson Development Inc. for the plat known as Hickory Shores; 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, As a part of the Development Contract, an escrow in the amount of $28,500 was established to cover the costs for the construction of the boardwalk section of the trail within the dedicated park. The City constructed these features and utilized all of the escrowed funds. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE MINNESOTA as follows: 1. i The recitals set forth above are incorporated herein. 2. The City Council hereby accepts the improvements for the Hickory Shores 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 escrow in the amount of $28,500 for construction of the boardwalk was fully utilized and no reimbursement will be made to the developer. 5. The oversizing amount for 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 1 ST DAY OF FEBRUARY 2010. YES NO I Myser X Myser I Erickson X Erickson I Hedberg X Hedberg I Keeney X Keeney I Millar X. Millar Frank~~nager www.cityofpriorlake.com I Phone 952.447.9800 / Fax 952.447.4245