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HomeMy WebLinkAbout5K - Deerfield 10th MEETING DATE: AGENDA #: PREPARED BY: AGENDA ITEM: DISCUSSION: CITY COUNCIL AGENDA REPORT NOVEMBER 18, 2002 4K JANE KANSIER, PLANNING COORDINATOR CONSIDER APPROVAL OF A RESOLUTION APPROVING THE FINAL PLANNED UNIT DEVELOPMENT PLAN AND PUD DEVELOPMENT CONTRACT AND APPROV AL OF A RESOLUTION APPROVING THE FINAL PLAT AND DEVELOPMENT CONTRACT FOR TIMBER CREST PARK History: On September 3, 2002, the City Council adopted Resolution #02-134 approving a Planned Unit Development Preliminary Plan for this Timber Crest Park, which consists of a 28.19 acre site located at the southwest quadrant of the intersection ofCSAH21 and THI3. At the same time, the City Council adopted Resolution 02-135 approving the preliminary plat for Timber Crest Park. Final PUD Plan: The plan proposes 148 townhouse units on a total of 28.19 acres. Density is based on the buildable acres of the site, or in this case on 21.87 net acres. The overall density proposed in this plan is 6.77 units per acre. Maximum permitted density in the R-4 district is 30 units per acre. Buildine Styles: The PUD plan calls for a townhouse style development consisting of 4-, 6-, and 8-unit buildings. There are two different building styles proposed. The first style, called Village Homes, is a 2-story, attached single family style dwelling with tuck- under garage. These buildings are located on the south side of the site. The plan includes 48 of these units in 6- and 8-unit buildings. The second building style, called Manor Homes, is a 2-story attached single family dwelling. There are 100 units in 25, 4-unit buildings. Building elevations and sample floor plans for each of these buildings are attached to this report. Setbacks: The plan proposes a 25' setback from the front property line, a minimum 30' rear yard setback, and a minimum 25' building separation (foundation to foundation) between the townhouses. The plan also notes a 30' setback from any wetland. 1:\02files\02subdivisions\02final plats\timber crest\finalcc.doc Page 1 16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER T T i Lot Coveraee: The R-4 district allows a maximum ground floor area of 0.35. The ground floor area proposed in this plan is 0.125. Useable Open Space: The R-4 district also requires 600 square feet of useable open space per unit for cluster developments. The required open space for this development is 88,800 square feet; the plan indicates a total of 115,909 square feet. Parkine: The proposal provides at least 2 spaces per dwelling unit, which is consistent with the minimum Zoning Ordinance requirements. Each the 100 Manor Home units have two car garages; each of the Village Home units have a one-car garage. The plan also provides 72 off-street parking spaces in the townhouse area for guest parking. A total of 320 off-street parking spaces are provided, which is consistent with the Zoning Ordinance requirements. Landscaping: The developer has submitted a landscaping plan that identifies 315 trees, which exceeds the required number of trees for the development. This plan is also consistent with ordinance requirements for size and species of the plantings. The developer has also submitted an irrigation plan for this site. Siens: This plan includes 1 project monument sign, located at the southeast comer of the site, at the intersection of Franklin Trail and CSAH 21. The proposed sign is consistent with the Zoning Ordinance requirements. Lighting: Street lights will be provided on the private streets. Streets: The PUD plan includes the use of private streets to serve the townhouse development, which will be maintained by a homeowner's association. The streets also meet the Subdivision Ordinance requirements. SidewalkslTrails: The plan includes a sidewalk on the north side of Bluff Heights Trail and on the north side of Timber Crest Drive, as well as a pedestrian path through the public park and the common area (Outlot B), which eventually connects to the sidewalk along CSAH 21. Parks: This plan includes a 2.78 acre park site, located at the southwest corner of the site. This is the best location for a park on the site. The site must be graded to meet minimum standards. The development contract specifies that grading work must be completed by September 1,2003. 1:\02files\02subdivisions\02final plats\timber crest\finalcc.doc Page 2 Phasioe: This streets and utilities for this project will be completed in a single, first phase. Construction of the housing units will continue through 2005. Final Plat: The final plat to be known as Timber Crest Park includes the entire 28.19 acres. It creates 148 townhouse unit lots, 3 lots for common open space for the townhouse development, I outlot for the wetland and storm water ponds and 1 outlot for the private streets. The plat also dedicates a public park. Current Circumstances: The Planning Commission considered the Final PUD Plan on October 28, 2002. The Planning Commission found this plan to be in substantial compliance with the approved preliminary PUD plan. The Planning Commission recommended approval of the final PUD plan, subject to the following conditions. 1 The Final Plat and Development Contract must be approved by the City Council. 2 A signed PUD agreement must be approved by the City Council. The Planning Commission also encouraged the City to work with the developer to create a pedestrian friendly entry at the intersection of CSAH 21 and TH 13 on the northeast comer of this site. The Planning Commission suggested utilizing landscaping and City identification signs for this comer. It should be noted this intersection will most likely be reconstructed in the near future. Any improvements to the comer should be delayed until the plans for the road have been completed. The principal requirement for approval of a Final PUD Plan is first of all, whether or not the plan conforms to the approved preliminary PUD plan. Second, the developer must enter into a development contract for the PUD outlining the terms and conditions of approval of the PUD plan. This contract is separate from the development contract associated with a final plat in that it does not focus on the required improvements, but on the design and conditions of the PUD plan. In considering a final PUD plan, the Council may either act to approve the plan on November 18th, or set a public hearing for review of the final plan ifit deems such a hearing necessary. In any event, the Council must make a decision on the final POO plan within 60 days of its first consideration. The principal requirements for final plat approval include a signed Development Contract with surety for the installation of utilities and streets and the satisfactory completion of all preliminary plat conditions. I: \02fi1es\02subdivisions\02final plats\timber crest\finalcc.doc Page 3 T T Staffhas reviewed the final PUD plan and the final plat and finds them to be in substantial compliance with the approved preliminary POO plan and the approved preliminary plat. The attached "Contract for Development of Land as a Planned Unit Development" spells out the terms and conditions of approval of the final POO plan. This contract includes provisions identifying the approved final plans, the phasing of the development, and the covenants and homeowners association documents. It must be noted there are still some blanks in the PUD contract. These blanks are for the unknown approval dates, resolution numbers, and so on. They will be completed upon Council approval of the final plans. The attached "Development Contract" specifies the required improvements for this plat. Sanitary sewer and water main trunk area charges, storm water management charges and collector street construction charges are outlined in the contract. This is the standard development contract used in all final plats. Tlte Issues: The City Attorney has reviewed and approved the POO contract. The Development Contract for the plat is the City's standard development contract. The Developer has also reviewed and approved the contracts. Conclusion: The Final PUD Plan is in compliance with the approved preliminary PUD plan. The staff would recommend approval of the Final PUD Plan be subject to the following conditions: 1. The Final Plat and Development Contract must be approved by the City Council. 2. The Final POO Plan and PUD Development Contract must be approved by the City Council. 3. Upon final approval, the developer must submit two complete sets of full-scale final plans and reductions of each sheet. These plans will be stamped with the final approval information. One set will be maintained as the official PUD record. The second set will be returned to the developer for their files. These conditions can be satisfied prior to release of the final plat documents. A copy of the POO contract is attached to this report. A copy of the development contract for Timber Crest Park is also attached to this report. Staff will be available to discuss the details of this contract with the Council. All of the conditions placed on the preliminary plat have been satisfied. The final plat is subject to six 1:\02files\02subdivisions\02final plats\timber crest\finalcc.doc Page 4 FISCAL IMPACT: ALTERNATIVES: RECOMMENDED MOTION: REVIEWED BY: conditions which will be satisfied prior to the release of the final plat documents. Budf!et Impact: Approval of this final PUD plan and final plat will allow construction of new dwellings, which will contribute to the City's tax base. The required development fees are deposited into the appropriate City accounts. The City Council has four alternatives: 1. Adopt a Resolution approving the Final PUD Plan and PUD Contract, and a Resolution approving the final plat and Development Contract for Timber Crest Park. 2. Deny the Resolutions approving the Final PUD Plan and the Final Plat for Timber Crest Park. 3. Defer this item until the developer provides City staffwith signed copies of the contracts, or provide staffwith specific direction. 4. Determine if a public hearing on the Final PUD Plan is warranted. If the City Council determines a public hearing should be conducted, direct staff to schedule a hearing and publish notice of the hearing as required by Minnesota statutes. The staff recommends Alternative #1. This requires the passage of the following two motions: 1. A motion and second to adopt a Resolution approving the final PUD Plan and PUD Contract for Timber Crest Park and authorizing the Mayor and City Manager to sign the Development Contract. 2. A motion and second to adopt a Resolution approving the final plat and Development Contract for Timber Crest Park and authorizing the Mayor and ity Manager to sign the Development Contract. I: \02files\02subdivisions\02final plats\timber crest\finalcc.doc Page 5 T T RESOLUTION 02-XX RESOLUTION OF THE PRIOR LAKE CITY COUNCIL APPROVING THE FINAL PLAT OF "TIMBER CREST PARK" AND DEVELOPMENT CONTRACT AND SETTING FORTH CONDITIONS TO BE MET PRIOR TO RELEASE OF THE FINAL PLAT. MOTION BY: SECOND BY: WHEREAS: On September 3, 2002, the City Council approved the preliminary plat known as Timber Crest Park, subject to conditions identified by Resolution 02-135; and WHEREAS: The City Council has found that the final plat of "Timber Crest Park" is in substantial compliance with the approved preliminary plat for Timber Crest Park. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PRIOR LAKE, MINNESOTA: 1. The recitals set forth above are incorporated herein as if fully setforth. 2. The final plat of "Timber Crest Park" is approved subject to the conditions set forth in this resolution. 3. The final plat of "Timber Crest Park" is subject to the following conditions, which shall be met prior to release of and recording of the final plat: a. A current title opinion or commitment of title insurance must be submitted and acceptable to the City Attorney. b. Payment of all fees prior to release of the final plat mylars. c. Reductions of the entire final plat be submitted, to the following scales: 1" = 200'; and one reduction at no scale which fits onto an 81/2" x 11" sheet of paper. d. Four mylar sets of the final plat with all required signatures be submitted. e. The developer provide financial security, acceptable to the City Engineer prior to release of the final plat mylars. f. The final plat and all pertinent documents must be filed with Scott County within 90 days from the date of final plat approval. Failure to record the documents by February 18, 2003, will render the final plat null and void. 4. The Mayor and City Manager are hereby authorized to execute the Development Contract on behalf of the City. Passed and adopted this 18th day of November, 2002. YES NO Haugen Haugen Vacant Vacant LeMair LeMair Petersen Petersen Zieska Zieska Frank Boyles, City Manager 16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245 1:\02fi1es\02subdivisions\02final plats\timber crest\plat res.doll\N EQUAL OPPORTUNITY EMPLOYER Page 1 11 PLANNED UNIT DEVELOPMENT FINAL PLAN RESOLUTION 02-XX RESOLUTION APPROVING A PLANNED UNIT DEVELOPMENT FINAL PLAN TO BE KNOWN AS TIMBER CREST PARK MOTION BY: SECOND BY: WHEREAS: Ray Brandt and Pulte Homes of Minnesota Corporation have submitted an application for a Planned Unit Development Final Plan to be known as Timber Crest Park; and WHEREAS: The Prior Lake Planning Commission considered the proposed Final PUD Plan on October 28, 2002; and WHEREAS, the Planning Commission found the Final PUD Plan to be in substantial compliance with the approved preliminary plan and recommended approval of the Final PUD Plan; and WHEREAS: The Prior Lake City Council considered the proposed Final PUD Plan on November 18, 2002; and WHEREAS: the City Council finds the Final PUD Plan in substantial compliance with the approved Preliminary PUD Plan; and WHEREAS: the City Council finds the PUD Final Plan is compatible with the stated purposes and intent of the Section 1106 Planned Unit Developments of the Zoning Ordinance. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA: 1. The recitals set forth above are incorporated herein as if fully setforth. 2. The City Zoning Ordinance specifies certain criteria be considered as part of evaluating a Planned Unit Development application. 3. The City Council hereby adopts the following findings: a) Greater utilization of new technologies in building design, materials, construction and land development. The developer is utilizing standard construction and design practices for the townhomes; however, a PUD of this type results in less density than may be otherwise permitted in the R-4 district. The lookout style of the buildings in some areas utilizes the natural grades of the site where possible. b) Higher standards of site and building design. Same as above. c) More efficient and effective use of streets, utilities, and public facilities to support high quality land use development at a lesser cost. 16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245 1:\02fi1es\02puds\timber cr final\pudres.doc AN EQUAL OPPORTUNITY EMPLOYER PAGE 1 Maintenance of private streets, including plowing and future repairs, is done by the homeowners association. This reduces City costs in providing services to these homes. d) Enhanced incorporation of recreational, public and open space components in the development which may be made more useable and be more suitably located than would otherwise be provided under conventional development procedures. The common open space on the site will be available to all residents of the development as passive open space. e) Provides a flexible approach to development which allows modifications to the strict application of regulations within the various Use Districts that are in harmony with the purpose and intent of the City's Comprehensive Plan and Zoning Ordinance. The density and variety of housing units is consistent with the Comprehensive Plan goals to provide a variety of housing styles. f) Encourages a more creative and efficient use of land. The use of the private streets allows for fewer driveway openings on the public streets. g) Preserves and enhances desirable site characteristics including flora and fauna, scenic views, screening and buffering, and access. The townhouse units are sited to take advantage of the natural views of the wetlands. The plan provides screening from the adjacent County road. h) Allows the development to operate in concert with a Redevelopment Plan in certain areas of the City and to insure the redevelopment goals and objectives within the Redevelopment District will be achieved. This criterion is not applicable. i) Provides for flexibility in design and construction of the development in cases where large tracts of land are under single ownership or control and where the users) has the potential to significantly affect adjacent or nearby properties. The use of the PUD allows the clustering of the homes and the use of private streets. j) Encourages the developer to convey property to the public, over and above required dedications, by allowing a portion of the density to be transferred to other parts of the site. There is no park dedication or open space dedication over and above that required under conventional procedures. The developer is maximizing the use of the wetland area by providing walking trails around the wetland that eventually connect to the public sidewalk along CSAH 21. k) The design shall consider the whole of the project and shall create a unified environment within the boundaries of the project by insuring architectural compatibility of all structures, efficient vehicular and pedestrian circulation, aesthetically pleasing landscape and site features, and efficient use and design of utilities. The design creates a unified environment in that all of the buildings will be constructed of similar materials. The extension of the existing private street allows for efficient movement of traffic. The landscaping plan will also enhance this area. I) The design of a PUD shall optimize compatibility between the project and surrounding land uses, both existing and proposed and shall minimize the potential adverse impacts of the PUD on surrounding land uses and the potential adverse effects of the surrounding land uses on the PUD. The use ~f the PUD will allow the clustering of the townhouse units. 1:\02fi1es\02puds\timber cr final\pudres.doc PAGE 2 11 m) If a project for which PUD treatment has been requested involves construction over a period of time in two or more phases, the applicant shall demonstrate that each phase is capable of addressing and meeting each of the criteria independent of the other phases. This project will be constructed in a single phase. n) Approval of a PUD may permit the placement of more than one building on a lot. This is not applicable. 0) A PUD in a Residential Use District shall conform to the requirements of that Use District unless modified by the following or other provisions of this Ordinance. 1) The tract of land for which a project is proposed shall have not less than 200 feet of frontage on a public right-of-way; 2) No building shall be nearer than its building height to any property line when the property abutting the subject property is in an "R-1" or "R-2" Use District; 3) No building within the project shall be nearer to another building than ~ the sum of the building heights of the two buildings, except for parking ramps which may be directly connected to another building; and 4) Private roadways within the project site may not be used in calculating required off-street parking spaces. The project meets the above requirements; as approved, the Planned Unit Development will allow the developer to utilize private streets, which is permitted under the Planned Unit Development provisions of the Zoning Ordinance at the discretion of the Council. The plan also reduces the required setbacks on the private streets and the setbacks between the buildings in order to allow the clustering of the units. 4. The Planned Unit Development Final Plan is hereby approved subject to the following conditions a) The Final Plat and Development Contract must be approved by the City Council. b) The Final PUD Plan and PUD Development Contract must be approved by the City Council. c) Upon final approval, the developer must submit two complete sets of full-scale final plans and reductions of each sheet. These plans will be stamped with the final approval information. One set will be maintained as the official PUD record. The second set will be returned to the developer for their files. 5. 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A.. .~ ~ ~ ::ctiJ I A.. ~f5 I ~ i~ . -.:t 0 ~ ~ t:l~6 o .~:::: .~ '" t/) .~ ;> .~ Q ro ...... o ~l ] Ii ~ ~J' DEVELOPMENT CONTRACT TIMBER CREST PARK PROJECT #01-45 This DEVELOPMENT CONTRACT is entered into this 18th day of November, 2002, by and between the CITY OF PRIOR LAKE, a Minnesota municipal corporation ("City"), and Pulte Homes of Minnesota, a Minnesota corporation (the "Developer"). Based on the mutual promises and covenants set forth herein, the sufficiency of which is not disputed, the City and the Developer (collectively "Parties") agree as follows: 1. REQUEST FOR PLAT APPROVAL. The Developer has asked the City to approve a Plat for Timber Crest Park (referred to in this Development Contract as the "Plat"). The land is legally described as shown on attached Exhibit A which is incorporated herein as if fully set forth. 2. CONDITIONS OF PLAT APPROVAL. The City hereby approves the Plat on condition that the Developer enter into this Development Contract, furnish the Security required by it, and record the Plat and Development Contract with the County Recorder or Registrar of Titles within 90 days after the City Council approves the final Plat. 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 1 3. RIGHT TO PROCEED. Within the Plat or land to be platted, the Developer may not construct sewer lines, water lines, streets, utilities, public or private improvements, or any buildings until all the following conditions have been satisfied: 1) this Development Contract has been fully executed by both parties, 2) the necessary security, development fees and insurance have been received by the City, and 3) the City Engineer or Designee has issued a letter that all conditions have been satisfied and that the Developer may proceed. The foregoing restriction on the Developer's "Right To Proceed" does not apply to grading or other approvals set forth in Resolution No. 02-149, dated September 3,2002, approving the Preliminary Plat for Timber Crest Park. 4. PHASED DEVELOPMENT. If the Plat is a phase of a multiphased preliminary Plat, the City may refuse to approve Final Plats of subsequent phases if the Developer has breached this Development Contract or any terms or conditions set out in the Resolution approving the Final Plat and the breach has not been remedied. Development of subsequent phases may not proceed until the City approves Development Contracts for such phases. Fees and charges collected by the City in connection with infrastructure, public improvements and parkland dedication requirements are not being imposed on outlots, if any, in the Plat that are designated in an approved Preliminary Plat for future subdivision into lots and blocks. Such charges will be calculated and imposed when the outlots are subdivided into lots and blocks. 5. PRELIMINARY PLAT STATUS. If the Plat is a phase of a multiphased preliminary Plat, the Developer shall submit a Staging Plan for City Council approval which may allow the Developer more than one (1) year to subdivide the property into lots and blocks. 6. DEVELOPMENT PLANS. The Plat shall be developed in accordance with the Plans identified below. The plans shall not be attached to this Development Contract, but are incorporated by reference and made a part of this Development Contract as if fully set forth herein. If the plans vary from 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 2 ); the written terms of this Development Contract, the more specific or stringent controls shall apply. The Plans are: Plan A -- Plan B -- Plan C -- Plan D -- Plan E -- Plan F -- Final Plat Dated September 6, 2002 (prepared by Brandt Engineering and Surveying) Final Grading, Development, and Erosion Control Planes) Dated October 16, 2002 (Prepared by Brandt Engineering and Surveying) Tree Preservation and Replacement Plans Dated October 1, 2002 (Prepared by Brandt Engineering and Surveying) Landscaping Plan Dated October 1, 2002 (prepared by Brandt Engineering and Surveying) One set of Plans and Specifications for Developer Installed Improvements Dated October 23,2002 (prepared by Brandt Engineering and Surveying) Street Lighting Plan Dated October 1, 2002 (Prepared by Xcel Energy) All plans set forth above are incorporated herein and made part of this Development Contract. 7. DEVELOPER INSTALLED IMPROVEMENTS. The Developer shall install and pay for the following: A. Sanitary Sewer System B. Water System C. Storm Sewer D. Streets E. Concrete Curb and Gutter F. Street Lights G. Site Grading and Ponding H. Underground Utilities 1. Traffic Control Signs J. Street Signs K. Setting of Iron Monuments L. Sidewalks and Trails M. Landscaping 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 1118/02 Page 3 The Developer Installed Improvements shall be installed in accordance with the City's Subdivision Ordinance, City standard specifications for utilities and street construction, the City's Public Works Design Manual, and any other applicable City ordinances, all of which are incorporated herein by reference. The Developer shall submit plans and specifications, which have been prepared by a Minnesota registered professional civil engineer to the City for approval by the City Engineer. The Developer shall obtain all necessary pennits and approvals from any other agencies having jurisdiction before proceeding with that aspect of the construction as it relates to that pennit. The Developer, its contractors and subcontractors, shall follow all instructions received from the City's authorized personnel. The Developer or the Developer's engineer shall schedule a preconstruction meeting with all parties concerned, including the City staff, to review the program for the construction work. Before the Security for the completion of utilities is released, iron monuments must be installed in accordance with Minn. Stat. ~505.02. The Developer's surveyor shall submit a written notice to the City certifying that the monuments have been installed. 8. CONSTRUCTION OBSERVATION The City's authorized personnel shall provide construction observation during the installation of the Developer Installed Improvements in accordance with the Public Works Design Manual. These services by the City shall inclUde: A. Construction observation during installation of required Developer Installed Improvements, which include grading, sanitary sewer, watermain, storm sewer/ponding and street system. B. Documentation of construction work and all testing of Developer Installed Improvements. C. As-built location dimensions for sanitary sewer, watermain and storm sewer facilities. 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 1118/02 Page 4 t 9. DEVELOPER PROVIDED CONSTRUCTION SERVICES. The Developer shall be responsible for providing all other construction services including, but not limited to: A. Construction surveying B. As-built drawings of grading plans. C. As-built drawings showing location, dimensions and elevations of all utility improvements, including but not limited to top nut of hydrants, manhole rims, manhole inverts. (Tie dimensions to sewer and water services from City staff or City consultants.) D. Project Testing: The Developer is responsible, at the Developer's sole cost, to provide testing to certify that Developer Installed Improvements were completed in compliance with the approved [mal plans and specifications. The personnel performing the testing shall be certified by the Minnesota Department of Transportation. The City Engineer has the sole discretion to determine if additional testing is necessary. The cost of additional testing is to be paid by the Developer. E. Lot comers and monuments. 10. BOULEVARD AND AREA RESTORATION. The Developer shall seed or lay cultured /' sod in all boulevards within thirty (30) days, or within a timeline established by the City Engineer, of the completion of street related improvements and restore all other areas disturbed by the development grading operation. Boulevard and Area Restoration shall be in accordance with the approved erosion control plan. Upon request of the City Engineer, the Developer shall remove the silt fences after turf establishment. 11. SUBDWISION MONUMENTS. The Developer shall install all subdivision monumentation within one (1) year from the date of recording the plat, or the monumentation shall be installed on a per lot basis at the time the building permit for the subject lot is issued, whichever occurs first. At the end of the one (1) year pep.od from recording of the Plat, the Developer shall submit to the 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 5 City Engineer written verification by a registered land surveyor that the required monuments have been installed throughout the plat. TIME OF PERFORMANCE. The Developer shall install all required public 12. improvements by November 30, 2003, with the exception of the final wear course of asphalt on streets. The final wear course on streets shall be installed the first summer after the base layer of asphalt has been in place for one freeze thaw cycle. The Developer and the City shall consult about an extension of time. If an extension is granted, it shall be in writing and conditioned upon updating the Security posted by the Developer to reflect cost increases and the extended completion date. 13. LICENSE. The Developer hereby grants the City, its agents, employees, officers and contractors a non-revocable license to enter the Plat to perform all work and inspections deemed appropriate by the City in conjunction with the development of the Plat. 14. EROSION CONTROL. Prior to initiating site grading, the erosion control plan, Plan B, shall be implemented by the Developer and inspected and approved by the City. The City may impose, at no cost to the City, additional erosion control requirements if they are necessary to meet erosion control objectives. All areas disturbed by the excavation and backfilling operations shall be reseeded immediately after the completion of the work in that area. All seeded areas shall be mulched, and disc anchored as necessary for seed retention. The parties recognize that time is of the essence in controlling erosion. If the Developer does not comply with the erosion control plan and schedule or supplementary conditions imposed by the City, the City may take such action as it deems appropriate to control erosion. The City will endeavor to notify the Developer in advance of any proposed action, but failure of the City to do so will not affect the Developer's and City's rights or obligations hereunder. The Developer ~- shall be solely responsible for any costs incurred by the City for erosion control measures. The Developer shall fully reimburse the City for any cost incurred within ten (10) days of the date of the I:\02fi1es\02subdivisions\02finaI plats\timber crest\development contract.doc 11/8/02 Page 6 City's invoice. If the Developer does not reimburse the City for any cost the City incurred for such work within ten (10) days, the City may, without further notice to the Developer, draw down the Irrevocable Letter of Credit to pay any costs. No development, utility or street construction will be allowed unless the Plat is in full compliance with the erosion control requirements. The notice provisions set out in Paragraph 39 shall not apply to notifications to the Developer under this paragraph. 15. CLEAN UP. The Developer shall clean dirt and debris from streets that has resulted from any and all construction work by the Developer, homebuilders, contractors and subcontractors, their agents or assigns. Prior to any construction in the Plat, the Developer shall identify, in writing, a responsible party and schedule for erosion control, street cleaning, and street sweeping. If the Developer fails to perform the required clean-up within 24 hours of receiving instructions and notice from the City, the City, without further notice, will perform the work and charge the associated cost to the Developer. If the Developer does not reimburse the City for any cost the City incurred for such work within ten (10) days of receipt of the invoice, the City may draw down, without further notice, the Irrevocable Letter of Credit to pay any costs. The notice provisions set out in Paragraph 39 shall not apply to notifications to the Developer under this paragraph. 16. GRADING PLAN. A. The Plat shall be graded in accordance with the approved grading, development and erosion control planes), (Plan B). The plans and work shall conform to City of Prior Lake Public Works Design Manual. B. As-builts. Before the City releases the Grading Security, the Developer shall provide the City with an as built grading plan and a certification by a registered land surveyor or engineer that all ponds, swales, and ditches have been constructed on public easements or land owned by the City. The as built plan shall include field verified elevations of the following: a) cross sections of ponds, b) 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 7 .- location and elevations along all swales and ditches, and c) lot comers and house pads. The City may withhold issuance of building permits until the approved certified grading plan is on file with the City and all erosion control measures are in place as determined by the City Engineer. 17. OWNERSHIP OF DEVELOPER INSTALLED IMPROVEMENTS. Upon completion of the Developer Installed Improvements required by this Development Contract and final written acceptance by the City Engineer, the improvements lying within public right-of-way and easements shall become City property without further notice or action, with the exception of all storm sewer which will be considered private. The maintenance and repair of all private storm sewer shall be the Developer's responsibility. 18. STREET MAINTENANCE. Developer shall be responsible for all street maintenance until final written acceptance by the City of the Developer Installed Improvements. Warning signs and detour signs, if determined to be necessary by the City Engineer, shall be placed when hazards develop in streets to prevent the public from traveling on same and directing attention to detours. If and when streets become impassable, such streets shall be barricaded and closed. For the purpose of this subparagraph, "street maintenance" does not include snow plowing or normal sweeping. 19. CONSTRUCTION ACCESS. Construction traffic access and egress for grading, public utility construction, and street construction is restricted to Franklin Trail. No construction traffic is permitted on the adjacent local streets. 20. IMPROVEMENTS REOUIRED BEFORE ISSUANCE OF BUILDING PERMITS. A. Grading, curbing, and one lift of bituminous shall be installed on all streets providing access and adjacent to a lot prior to issuance of any building permits for that lot. If building permits are issued prior to the acceptance of Developer Installed Improvements, the Developer assumes all liability and costs resulting in delays in completion of the Developer Installed Improvements and damage 1:\02fiJes\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 8 11 to Developer Installed Improvements caused by the City, or its agents or contractors, the Developer, its contractors, subcontractors, material men, employees, agents or third parties. B. A permanent Certificate of Occupancy shall not be issued for any building in the plat until water and sanitary sewer improvements have been installed and the streets have been completed and the first lift of bituminous has been placed and said improvements have been inspected and determined by the City to be available for use. 21. CITY ADMINISTRATION. The Developer shall pay a fee for City administration. City administration will include all activities necessary to implement this Developer's Contract. These activities include, but are not limited to, preparation of the Development Contract, consultation with Developer and its engineer on the status of or problems regarding the development of the Plat, project monitoring during the warranty period, and processing of requests for reduction in security. Fees for this service shall be four percent (4%) of the estimated construction cost as detailed in Exhibit E, less oversizing costs outlined in Exhibit D, Section A, assuming normal construction and project scheduling. 22. REIMBURSEMENT OF CITY ADMINISTRATION FEES. Once the City approves the construction costs or estimates for the Developer Installed Improvements there will not be any reimbursement to the City by the Developer or to the Developer by the City for City Administration fees. 23. CITY CONSTRUCTION OBSERVATION. Construction observation shall include, but is not limited to, part or full-time inspection of proposed grading, public utilities and street construction and City legal expenses. The Developer shall deposit an amount equal to five percent (5%) of the estimated construction cost, less oversizing costs outlined in Exhibit D, Section A, for construction observation performed by the City's authorized personnel and incurred pass-through legal expenses. This amount shall be maintained by the City in escrow until fmal acceptance of all Developer Installed Improvements by the City. Any balance remaining in the escrow account will be returned to the Developer at that time. 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 9 Extraordinary costs incurred by the City over and above the five percent (5%) Construction Observation fee shall be billed to the Developer. Extraordinary costs are defined as costs resulting from change orders applied to the project and costs incurred as a result of unknown conditions at the time of design. 24. STORM WATER MANAGEMENT FEE. The Developer shall pay a storm water management fee of $40,672.00 prior to the City signing the final Plat. The amount was calculated as follows: 13.82 acres at $2,943.00 per acre. This calculation was determined by the Trunk Storm Sewer Fee Determination Study adopted by City Council Resolution #01-03 on January 8, 2001. 25. SANITARY SEWER AND WATERMAIN TRUNK AREA CHARGES. A Sanitary sewer and watermain trunk area charge of $48,370.00 shall be paid by the Developer for sanitary sewer and watermain trunk improvements prior to the City signing the final Plat. The amount was calculated as follows: 13.82 acres at $3500.00 per acre. 26. CITY-WIDE COLLECTOR STREET CONSTRUCTION CHARGE. This Development Contract requires the Developer to pay a City-wide Collector Street Construction Charge of $20,730.00 for collector street improvements prior to the City signing the final Plat. The amount was calculated as follows: 13.82 acres at $1500.00 per acre. 27 PARK AND TRAIL DEDICATION. The Developer shall dedicate to the public an amount of cash or land or a combination of both as established by the City. This calculation was determined by the Park Fee Study adopted by City Council Resolution #01-10 on February 5, 2001. The required amount of dedication of land or cash payment shall be determined by the provisions of Section 1004.1000 if the City Subdivision Ordinance, or by the fee scheduled adopted by resolution of the City Council. The fee shall be paid prior to the City signing the final Plat. The Developer shall provide the City with a warranty deed for any land described as an outlot or a lot rather than park on the final plat. The required amount of land dedication was calculated as follows: Gross area of the plat: 27.60 acres X 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 10 ): 10% equals 2.76 acres to be dedicated. The Developer shall dedicate the area identified as "Park" on the final plat. All excess dirt, rocks, trees or other materials shall be removed from the Park, and the park area shall be graded and seeded as per approved plans and specifications by September 1, 2003. This work shall be done at the Developer's cost. 28. STREET LIGHTS AND OPERATIONAL COSTS. The Developer is responsible for the installation of the street lighting. The Developer shall pay the full capital cost of every light to be installed; this includes poles, fixtures, underground wiring, and all appurtenant work. The Developer shall pay operation and maintenance for the streetlights until the City accepts the Developer Installed Improvements, at which time the billing shall be transferred to the City. The street light plan must be acceptable to the City Engineer and in accordance with the Public Works Design Manual. 29. LANDSCAPING. Landscaping for this Plat shall comply with Plan D. The cost of the landscaping requirements shall be provided by the Developer, subject to approval by the City. Subject to approved Plan D, the Developer shall provide a financial guarantee of $471,336.25 based on an amount equal to 125% of the estimated cost, as set out in Plan D, to furnish and plant the required landscaping and irrigation system. 30. TREE PRESERVATION AND REPLACEMENT. Subject to approved Plan C, and to the provisions of Section 1107.2100 of the City Zoning Ordinance, the Developer shall provide a financial guarantee based on an amount equal to 125% of the estimated cost to furnish and plant the replacement trees. The City shall maintain the Security for at least one (1) year after the date the last replacement tree has been planted. At the end of such year, or such longer period as the City determines to be reasonable, the portion of the Security equal to 125% of the estimated cost of the replacement trees, which are alive and healthy may be released. Any portion of the Security not entitled to be released shall be maintained and shall secure the Developer's obligation to remove and replant replacement trees, which are not alive or are 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 11 "'....- unhealthy, and to plant missing trees. Upon completion of the replanting or planting of these trees, the Security shall be maintained for at least one (1) year after the date of the replanting or planting of these trees. If, at the end of this period, all of the required trees are alive and healthy, the entire Security may be released. 31. SECURITY. To guarantee compliance with the terms of this Development Contract, payment of the costs of all Developer Installed Improvements, and construction of all Developer In~talled Improvements, the Developer shall furnish the City with an Irrevocable Letter of Credit in an amount equal to 125% of the estimated Developer Improvement Costs. The Irrevocable Letter of Credit ("Security") shall be in the form attached hereto as Exhibit B, from a bank for $2,391,856.00. The amount of the Security was calculated as follows: DEVELOPER INSTALLED IMPROVEMENTS COSTS: Sanitary Sewer $ 422,505.00 Watermain $ 245,750.00 Storm Sewer $ 346,975.00 Streets/Sidewalks/Trails/Signs/Erosions Control $ 521,186.00 Landscaping/Tree Preservation and Replacement $ 377,069.00 ESTIMATED DEVELOPER INSTALLED IMPROVEMENTS SUBTOTAL $ 1,913,485.00 X 1.25 TOTAL FOR IRREVOCABLE LETTER OF CREDIT AMOUNT $ 2.391.856.00 This breakdown is for historical reference; it is not a restriction on the use of the Security. The bank on which the Irrevocable Letter of Credit is drawn shall be subject to the approval of the City. The bank shall be authorized to do business in the State of Minnesota with a principal branch located within the seven County Twin City Metropolitan area. The Security shall be for a term ending December 31, 2004. 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 12 II Individual Security instruments may be for shorter terms provided they are replaced at least forty-five (45) days prior to their expiration. If the required Developer Installed Improvements are not completed at least thirty (30) days prior to the expiration of the Security, the City may draw it down. Ifthe Security is drawn down, the proceeds shall be used to cure the default. 32. CITY DEVELOPMENT FEES. The Developer shall also furnish the City with a cash fee of $245,744.00 for City Development Fees. The amount of the cash fee was calculated as follows: CITY DEVELOPMENT FEES: City Administration Fee (4%) $ 60,432.00 City Construction Observation (5%) $ 75,540.00 Storm Water Management Fee $ 40,672.00 Sanitary Sewer and Watermain Trunk Area Charges $ 48,370.00 City-Wide Collector Street Construction Charge $ 20,730.00 Park and Trail Dedication Fee (ifin lieu ofland) $ 0.00 TOTAL CITY DEVELOPMENT FEES $ 245.744.00 33. REDUCTION OF SECURITY. Upon receipt of proof satisfactory to the City that the required work has been satisfactorily completed and financial obligations to the City have been satisfied, the Security may be reduced by seventy-five percent (75%) of the financial obligations that have been satisfied upon written authorization by the City Engineer. Any requests for reductions in the Security must be made in writing to the City Engineer and must be accompanied by lien waivers from any contractor or subcontractor for the Developer. Twenty-five percent (25%) of the Security shall be retained until all Developer Installed Improvements and other obligations under this Development Contract have been 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 13 completed, including, but not limited to, all financial obligations to the City, and the receipt of all required as-built street, utility and grading plans by the City. In no event shall the five percent (5%) Security be released until the Developer provides the City Engineer with a certificate from the Developer's registered land surveyor stating that all irons have been set following site grading and utility and street construction. 34. WARRANTY. The Developer warrants all Developer Installed Improvements required to be constructed by it pursuant to this Development Contract against poor material and faulty workmanship. The warranty period for streets is one year. The warranty period for underground utilities is two years. The warranty period on Developer Installed Improvements shall commence on the date the City Engineer issues written acceptance of the improvement. The Developer shall post warranty bonds as security. The City shall retain twenty-five percent (25%) of the Security posted by the Developer until the City Engineer accepts the Developer Installed Improvements and the warranty bonds are furnished to the City. All punch list items must be completed and "as-built" drawings received prior to the commencement of the warranty period. The retained Security may be used by the City to pay for warranty work. The City standard specifications for utilities and street construction identify the procedures for [mal acceptance of streets and utilities. These standards are set out in the Public Works Design Manual. 35. OVERS/ZING. City and Developer agree that the Developer Installed Improvements should be oversized for the benefit of future development. Oversizing is the construction of a Developer Installed Improvement to City specifications that exceeds those that would otherwise be required of the Developer. Oversizing improvements include, but are not limited to, sanitary sewer, water, storm drainage facilities, and road improvements. If the City Engineer determines that oversizing is required, the City shall reimburse the Developer for the costs associated with this work and as approved in this contract. City and Developer agree that the cost of system oversizing to be reimbursed to the Developer is $25,605.00 1:\02files\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 14 Ii based upon a cost estimate by the City Engineer as determined by an engineer's estimate or contractors bid to be provided by the Developer and application of the City's Assessment Policy based on a final engineering design. The calculation for oversizing is attached as Exhibit D. 36. CLAIMS. A. City Authorized to Commence Interpleader Action. In the event that the City receives claims from labor, materialmen, or others that work required by this Development Contract has been performed, the sums due them have not been paid, and the laborers, materialmen, or others are seeking payment from the City, the Developer hereby authorizes the City to commence an Interpleader action pursuant to Rule 22, Minnesota Rules of Civil Procedure for the District Courts, to draw upon the Irrevocable Letter of Credit Security in an amount up to 125% of the c1aim(s) and deposit the funds in compliance with the Rule, and upon such deposit, the Developer shall release, discharge, and dismiss the City from any further proceedings as it pertains to the letters of credit deposited with the District Court, except that the Court shall retain jurisdiction to determine attorneys' fees pursuant to this Development Contract. B. Prompt Payment to Subcontractors Required. The Developer shall pay any subcontractor within ten (10) days of the Developer's receipt of payment by the City for undisputed services provided by the subcontractor. If the Developer fails within that time to pay the subcontractor any undisputed amount for which the Developer has received payment by the City, the Developer shall pay interest to the subcontractor on the unpaid amount at the rate of 1 Y2 percent (1.5%) per month or any part of a month. The minimum monthly interest penalty payment for an unpaid balance of $100 or more is $10. For an unpaid balance of less than $100, the Developer shall pay the actual interest penalty due to the subcontractor. A subcontractor who prevails in a civil action to collect interest penalties from the 1:\02files\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 15 Developer shall be awarded its costs and disbursement, including attorney's fees. incurred in bringing the action. (See Minn. Stat. ~471.425, Subd. 4a.) 37. RESPONSIBILITY FOR COSTS. A. The Developer shall reimburse the City for costs incurred in the enforcement of this Development Contract, including engineering and attorneys' fees. B. Except as provided in Paragraphs 14 and 15 of this Development Contract, the Developer shall pay in full all bills submitted to it by the City for obligations incurred under this Development Contract within thirty (30) days after receipt. If the bills are not paid on time, the City may issue a stop work order until the bills are paid in full. 38. DEVELOPER'S DEFAULT. A. Definition. In the context of this Development Contract, "Event of Default" shall include, but not be limited to, anyone or more of the following events: (1) failure by the Developer to pay, in a timely manner, all real estate property taxes and assessments with respect to the development property; (2) failure by the Developer to construct the Developer Installed Improvements pursuant to the terms, conditions and limitations of this Development Contract; (3) failure by the Developer to observe or perform any covenant, condition, obligation or agreement on its part to be observed or performed under this Development Contract; (4) transfer of any interest in the Plat; (5) failure to correct any warranty deficiencies; (6) failure by the Developer to reimburse the City for any costs incurred by the City in connection with this Development Contract; (7) failure by the Developer to renew the Irrevocable Letter of Credit at least forty-five (45) days prior to its expiration date; (8) receipt by the City from the Developer's . insurer of a notice of pending termination of insurance; (9) a breach of any material provision of this Development Contract. With respect to this paragraph, "material provision" shall be construed broadly to offer the City the fullest protection and recourse possible. I:\02files\02subdivisions\02finaI plats\timber crest\development contract.doc 11/8/02 Page 16 11 B. Event of Default - Remedies. Whenever an Event of Default occurs, the City, after providing the Developer with ten (10) days written notice in accordance with the terms of Paragraph 39 of this Development Contract, may take anyone or more of the following actions: 1. The City may suspend its performapce under this Development Contract. 2. The City may cancel or suspend this Development Contract. 3. The City may draw upon or bring action upon any or all of the Securities provided to the City pursuant to any of the terms of this Development Contract. 4. The City may take whatever action, including legal or administrative action, which may be necessary or desirable to the City to collect any payments due under this Development Contract or to enforce performance and/or observance of any obligation, agreement or covenant of development under this Development Contract. 5. The City may suspend issuance of building permits and/or certificates of occupancy on any of the lots, including those lots sold to third parties, in this Plat. 6. The City may draw upon the Irrevocable Letter of Credit if the City receives notice that the bank elects not to renew the Irrevocable Letter of Credit. 7. The City may, at its option, install or complete the Developer Installed Improvements. 8. Any fees incurred by the City associated with enforcing any of the provisions set out in sections 1-7 above shall be the sole responsibility of the Developer. C. Election of Remedies. None ofthe actions set forth in this Section are exclusive or otherwise limit the City in any manner. 39. NOTICES. Whenever any paragraph in this Development Contract, with the exception of paragraphs 14 and 15, requires Notice to be provided to the Developer, the notice shall include the 1:\02files\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 17 following: (1) the nature of the breach of the term or condition that requires compliance by the Developer, or the Event of Default that has occurred; (2) what the Developer must do to cure the breach or remedy the Event of Default; and (3) the time the developer has to cure the breach or remedy the Event of Default. Required Notices to the Developer shall be in writing, and shall be either hand delivered to the Developer, its employees or agents, or mailed to the Developer by certified mail at the following address: Pulte Homes of Minnesota, Attention: Dennis R. Griswold, RLA, Director of Land, 815 Northwest Parkway, Suite 140, Eagan, Minnesota, 55121. Notices to the City shall be in writing and shall be either hand delivered to the City Manager, or mailed to the City by certified mail in care of the City Manager at the following address: City of Prior Lake, 16200 Eagle Creek Avenue, Prior Lake, Minnesota 55372-1714. Concurrent with providing Notice to the City, Notice(s) shall be served upon the City Attorney Suesan Lea Pace, Esq. at Halleland Lewis Nilan Sipkins & Johnson, Pillsbury Center South, 220 South Sixth Street, Suite 600, Minneapolis, Minnesota, 55402-4501. 40. INDEMNIFICATION. Developer shall indemnify, defend, and hold the City, its Council, agents, employees, attorneys and representatives hannless against and in respect of any and all claims, demands, actions, suits, proceedings, liens, losses, costs, expenses, obligations, liabilities, damages, recoveries, and deficiencies, including interest, penalties, and attorneys' fees, that the City incurs or suffers, which arise out of, result from or relate to this Development Contract. The responsibility to indemnify and hold the City hannless from claims arising out of or resulting from the actions or inactions of the City, its Council, agents, employees, attorneys and representatives does not extend to any willful or intentional misconduct on the part of any of these individuals. 41. NO THIRD PARTY RECOURSE. The City and Developer agree that third parties shall have no recourse against the City under this Development Contract. The Developer agrees that any party allegedly injured or aggrieved as a result of the City's approval of the Plat shall seek recourse against the 1:\02files\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 18 Ii Developer or the Developer's agents. In all such matters, including court actions, the Developer agrees that the indemnification and hold harmless provisions set out in Paragraph 40 shall apply to said actions. 42. INSURANCE REQUIREMENTS. Developer, at its sole cost and expense, shall take out and maintain or cause to be taken out and maintained, until the expiration of the warranty period(s) on the Developer Installed Improvements, public liability and property damage insurance covering personal injury, including death, and claims for property damage which may arise out of Developer's work or the work of its subcontractors or by one directly or indirectly employed by any of them. Limits for bodily injury and death shall be not less than $1,000,000 for one person and $2,000,000 for each occurrence; limits for property damage shall be not less than $500,000 for each occurrence; or a combination single limit policy of $1,000,000 or more. The City shall be named as an additional insured on the policy, and the Developer shall file with the City a certificate evidencing coverage prior to the City signing the Plat. The certificate shall provide that the City must be given thirty (30) days advance written notice of the cancellation of the insurance. The Certificate shall be in the form attached hereto as Exhibit C. 43. RECORDING DEVELOPMENT CONTRACT. This Development Contract shall run with the land. The Developer, at its sole cost and expense, shall record this Development Contract against the title to the property within ninety (90) days of the City Council's approval of the Development Contract. The Developer shall provide the City with a recorded copy of the Development Contract. The Developer covenants with the City, its successors and assigns, that the Developer is well seized in fee title of the property being final platted and/or has obtained consents to this Development Contract, in the form attached hereto, from all parties who have an interest in the property; that there are no unrecorded interests in the property being final platted; and that the Developer indemnifies and holds the City harmless for any breach of the foregoing covenants. 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 1 J/8/02 Page 19 44. SPECIAL PROVISIONS. The following special provIsIOns shall apply to Plat development: A. Compliance with all of the conditions listed in the Resolution approving the final Plat. B. The Developer is required to submit the final Plat m electronic format. The electronic format shall be compatible with the City's current software. C. The Developer hereby waives any claim against the City for removal of signs placed in the right-of-way in violation of the City Zoning Ordinance and State Statutes. The City shall not be responsible for any damage to, or loss of, signs removed pursuant to this provision. 45. MISCELLANEOUS. A. Compliance With Other Laws. The Developer represents to the City that the Plat ",,-. complies with all county, metropolitan, state, and federal laws and regulations, including but not limited to: subdivision ordinances, zoning ordinances, and environmental regulations. If the City determines that the Plat does not comply, the City may, at its option, refuse to allow construction or development work in the Plat until the Developer does comply. Upon the City's demand, the Developer shall cease work until there is compliance. B. Severability. If any portion, section, subsection, sentence, clause, paragraph, or phrase of this Development Contract is for any reason held invalid, such decision shall not affect the validity of the remaining portion of this Development Contract. C. Amendments. There shall be no amendments to this Development Contract unless in writing, signed by the parties and approved by resolution of the City Council. The City's failure to promptly take legal action to enforce this Development Contract shall not be a waiver or release. 1:\02files\02subdivisions\02final plats\timber crest\development contract.doc 11/8102 Page 20 f t D. Assignment. The Developer may not assign this Development Contract without the prior written approval of the City Council. The Developer's obligation hereunder shall continue in full force and effect even if the Developer sells one or more lots, the entire Plat, or any part of it. E. Interpretation. This Development Contract shall be interpreted in accordance with and governed by the laws of the State of Minnesota. The words herein and hereof and words of similar import, without reference to any particular section or subdivision, refer to this Development Contract as a whole rather than to any particular section or subdivision hereof. Titles in this Development Contract are inserted for convenience of reference only and shall be disregarded in constructing or interpreting any of its proVISIons. F. Jurisdicition. This Development Contract shall be governed by the laws of the State of Minnesota. CITY OF PRIOR LAKE (SEAL) By: Jack G. Haugen, Mayor By: Frank Boyles, City Manager DEVELOPER: By: Its: By: Its: STATE OF MINNESOTA ) ( ss. COUNTY OF SCOTT) 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 21 The foregoing instrument was acknowledged before me this _ day of , 20_, by Jack G. Haugen, Mayor, and by Frank Boyles, City Manager, of the City of Prior Lake, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. NOTARY PUBLIC STATE OF MINNESOTA ) ( ss. COUNTY OF ) The foregoing instrument was acknowledged before me this day of ,20_, by NOTARY PUBLIC DRAFTED BY: City of Prior Lake 16200 Eagle Creek Avenue SE Prior Lake, Minnesota 55372 1:\02files\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 22 11 FEE OWNER CONSENT TO DEVELOPMENT CONTRACT , fee owners of all or part of the subject property, the development of which is governed by the foregoing Development Contract, affirm and consent to the provisions thereof and agree to be bound by the provisions as the same may apply to that portion of the subject property owned by them. Dated this _ day of ,20_. STATE OF MINNESOTA ) ( ss. COUNTY OF ) The foregoing instrument was acknowledged before me this _ day of 20_, by NOTARY PUBLIC DRAFfEDBY: City of Prior Lake 16200 Eagle Creek Avenue SE Prior Lake, Minnesota 55372 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 23 MORTGAGEE CONSENT TO DEVELOPMENT CONTRACT , which holds a mortgage on the subject property, the development of which is governed by the foregoing Development Contract, agrees that the Development Contract shall remain in full force and effect even if it forecloses on its mortgage. Dated this _ day of ,20_ STATEOFMINNESOTA ) ( ss. COUNTY OF ) ~ The foregoing instrument was acknowledged before me this _ day of 20-, by NOTARY PUBLIC DRAFTED BY: City of Prior Lake 16200 Eagle Creek Avenue SE Prior Lake, Minnesota 55372 1:\02files\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 24 11 CONTRACT PURCHASER CONSENT TO DEVELOPMENT CONTRACT , which/who has a contract purchaser's interest in all or part of the subject property, the development of which is governed by the foregoing Development Contract, hereby affirms and consents to the provisions thereof and agrees to be bound by the provisions as the same may apply to that portion of the subject property in which there is a contract purchaser's interest. Dated this _ day of ,20_ STATEOFMINNESOTA ) ( ss. COUNTY OF ) The foregoing instrument was acknowledged before me this _ day of 20_, by NOTARY PUBLIC DRAFTED BY: City of Prior Lake 16200 Eagle Creek Avenue SE Prior Lake, Minnesota 55372 1:\02files\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 25 EXHIBIT A , iI' .1' ....,. r. ~ ;,~.: l~ r. ~ o :'~, (/I ~!I ~ ,II ~., : ~ < :',::~ ~ .1J ill l m 1 ., 1 . :u I,: if ~ .. 'n III {,"'J l- e: i/} ,. :II < --, m CD ,. -< .Il Z GJ .JII.. '~ :~ : . .. ; ~'~ '7" "" "-,' ..f.,: ~.: ~l . ~;: , , ;. ..I ~: . I "'Ill ... 'j ~'J : "'..1 ~ {. : . - 1 . (II "'::': s.~ : .~ !:~:~;~~ ;,:!!i~;~ l~i - ; - ~ '.:t:] I ~:~ . 01 'I . '~.;' ~ ~: : (.'1. ... I :.;:~ :.. 1 ::.':, ,:~: '"5 : ~:r~ ~::'-.:,,_.': ,i. i "',; : - 1 , 1 ~ ~I~i ~~ q:: i ~,... ~~.l t ~ i:1 3' ;'1 .0 'I ~] ~ ~: ~ s't 1 ~~2 ~' n ~ ;' .~ 1 0 .'1 !, .~'l ~ ,.1.. 01 :i ~ ;i: .. ~l " ',1 ~: I .~ I -, ';':1.11 '" 1-' ~ :: ~ II II II II II , I I I II II II II I I I I I I I I I' 1 , II II , I r I II r' 1 , II II II , 1 1 I 1 , II 1 ~~' 1 0" 19.~~ ~ ~~': III ..l:l .~ ~ ... (. a g. ~a: _ u ~" =~ ~ ; ~ ~ -~ ,. g1: f.l- - !;; ;:: ~ z ~ '? .. jci ~, ," :;.! ., '!.j .< I ';;'1 " , I 1 , 1 , 1 , , I 0< c:~ u, .1:: .,0 ,S- ~ : ~ ~. :~ ~ ~ ~~ o 3' ::~ n-'" ~~ In c: ;Q;.:r ~&i ~~: g:& :: ~ it ':f ~!l: ':' 2' ~ ~ :;~.: ;:g,u .. " <7 " -" ou. ~ z i !! u '.~ W&Q e :~ .0 , - ~ ~ 5 ~ ~~' ~ -'. J" .."" ~ ~ i -'~ "1) ~..~ c, ~~~ . " ~':,l 'tt .~ ;i . , , Q U Q & 0. . o ,., ~~J'~":~ ; :~~s~:g . '~. ~ ft :a ~1 i ia:.:~~~.!!j ~~;~iifi:if: i~ ~ Q ~':~p~~ i -;:: 1 ~: s ~ :7 !if 6':~ ~i l,) ~,_11'~"~=_,;: :~;~:i;~~:2 :VJ&':~'~g~.a'~ ;: ;i~~-"~d~~'3 '-, III l.i _ . ~ g 0 3' o..l"~ If; ill!!!~!fl~ 5'....~:!.~la!~:i.. ~c~.i!.)',.;:o~~!p;;. ~ ~. ~ 2. f ~ ~,! 1 .-: ::~.:~73.~5,.Q", - I.~lt.o~ ~ - ~ i . " ~.~ '. ~ 1 , .. - I 1 " ~ 1 1 " I 1 , 1 .. "- " , I r I " 1 r - - 1 I " ., 1 1 ~ ~ I , I , ~ I 1 .~ I 1 . 1111 I 1 ~i .1 1 1 1 1 .' 1 , 1 '.' ,I ,,~ Id , 1 ,~ , 0' c., ~: 1 1 ~ .. ~: ~I. 1 , .. 1 1 -{ .< 1 I I ~ t! 1 1 r. , 1 1 r; ii " I 1 ~ . ~I "- I I U I 1 1 ~ 0 , .,; , 1 u 4"': 1 1 : .. .. -" , J. ~ 1 : ~ 1 0 1 . 1 r 1 I . '-.; 1 1 1 1 1 <, 1 g:: :r "I 0, ~.J ,... , ,. VIJ" "'= g I ~ '" Ol ~ ~:i ! i ~ I... 2.'; !Jr.~ ., :r:.. ~ Co ",- III ~ g... -. 0''''' , <J " .. It l.I ...~ :rJ .J ~ S- ^ - . [J~ ~ i i! .. ,; a \~. ~ .~ .. '., -~.. " ; .:'l :~ ""CI ~l ?;; u .\.. :~ ~~ .~, ~.J~ ~,~; " I'.. ':. o ., ~ < n i1!:~~~!fi~~!~;~f ~ ~ 2',~ - ~ ,"~:r ~ 1 f!::. ~ ~;'.; fO.J i ~ ~) ~~ i~~~Q~!~!::atj~:i ~ ~f~i~~~~~iG;;!r:~ ~1~1:!~!;';~:~li .g :.; n 0.. ~; ~ ." :;. '! ' ~ ..: ; ,,~ ... ~<1 '.. ,. "Q. tl , "'2 & .. ~ ~ ~ ~ ~ ~ ~. ~;: I'~ ~ ~~,!,~~ ~~i~'!.:II~ it Q i ~! .:: -S..; ~..... [~.~ l'l ~'~ .i' fol.. '~'I 'r ;. : . : '~ I'; : ,,', I , 1 :. l ~3 . -' ~ " - \'';: ~ ',: g ~~; ;c " " ~ 't ~ ~:: 11),.. "" n , " u ... ':~~ ~ ~ ~ o ~"Z ..., ~;' i .:..' u ~,~ ;; .) ~ t' ,""", :; '.i ....,. ~;)II u~' .~ !~ f -:'.1 ." ..!~ 0_ " . "" !}. . u ~'-: :Ii"' ~~ _u ~ :; i ,J-;:.. :. '"-.. ~ ~~ ~.~ -I - !: tD m :tJ () :0 m en -I 1J )> :0 " ~ ~ ~ ,; .. ~, r, r , 1 ~ "" ~, .. w Gc::--- 11 ~ -, ",.1, ,;;. )..;: l ul ~ g,: t. ~ 1 , Vi ~u I ~ ~ : ...11 ~1 :"'l I l~f' : " ~ ~.: 1 , 1 , tn ! , ~-r :;:, ~ J .~ ~I" ,~ ~" ':! .~ I'! . .. .1". " . o ., ~. t \l.. ,::: " - " , .: ;' ~ 'i' " .;. .a-I ~::: : ~~ ':" I t:. ~ , i~ - .' .,.. , :~ ,~ ,;: ',; ~ q ,.. . ) ~ .~ -;. ,.... .'OIl,'" ~~:~,)'!.f ~~ ; ':~ ~ J :; .~ ;, c: ~ - '.. ; " .': ;. ,~ ' , I t" " I.:' , ' ~ ,. p.~. .<; - , ", ..\ 1 , I '. I I ., i i 1 I , \ , " .[. ,', '\~ ~: r .r~ ; r. ~ o ~ :-':.lJ .... .,.n. ,)I" . m '% C) .~.' . z :~~ ~~: ~ ~ ...., 1:z:I ~.~: :~. ~ ~, ~~I to (., '" r en .c ;; ::t1 < 'm .~ ,. - % C) (/I , ,.~ \P .' '" EXHIBIT A :il :) ~ 1 . .1 a! ~ ) ~ '=' 1"'J iii I ~ ~ 'J ll'~:'i ~ q" ~li a~;: liI~ i ii!l '.~; ~.' .:.: ~;~. ~ J ;ri :r;. :1' .. =: 1 p j~;t';~j~ G~" ~~. :;,~ ,", :;! ~~ :~ . d, . I ~;. ~ :'!:.c . . :/.\ ./ ", f' ~.~' ~ : ~ ~";'~~l J ~ :- . i ~ ~ ~1 :," ~", "\1i:,~~; ~4 ::,,:,~: ~ ~j+' T -- " ' yr~' '--!..~~;;t:, ,....~:~::.~,,~:.~;;.:, 'J-, (_ ~iJ . ,- i , fJ;'\'<';.-.:,/ ," :- 1:': :l~;;,\ ' \'" ;c~?- ~ J. I~~~ /'~,~'ir~:, '<., ;'\. '. ..:: I ;',. ~ , '~, I \-..-(.. " I' ,. ....<' 1./ .....\ "..... , ."0, ",.~ '~'-'::-:',....;./\ <:.~.':. .. \ .J..... ...-:,~,I >II _ ,_,.. ,,-' .'. >, '< \. .:. .... . , 1_ -. .'~' "". / .\ '\ ..... \ ~ '. ~., ----. ,','" '\\ "" .. ..- ~ ;',"'.,' \~. -::\.\ '\ \-':-.\ >~. \\X..'\ \\, ~ 0\ ;,~, . Ii, ',\ I \ \ ..~ . \ >. '\ ..., \ (.. ~ 'J. \\\ . ,\ I \ \--.- 1 .\' ..\', ... " "" I \' ,\, .. . \ .' - \ "- \ \: ':. \\~ \ 'i- ;;;~\ /~)\<'Sv"...:~~ \\~~ 1\ r -.. \ ....... \ \ ~~'""..\ ~ I~ 1..-"'1' \,.... .,....\-\\\.;....\::..-c \ \ \ '.. \ \ "" /~ ~' \.~ \ \ \ \ \' "..' 1/1 ~ .... \ 'T.' , .. \ >: ~ '. \\ · ~\\\ \ \ "\ ..' '\ ~,i >~'\~ ~\\ \,:':1.\ \ f 1,-' \\~..,;;\ \<~.X\\\(..._ '~" ", \,', - ~ 'I' \ \- _::\ z Y;...\ \ \ \\'. ~..-'\ ,I,:.. ~'l! ~,' I 1 \. ,,,,, 1tJl ...:'( ..)..\ \ /\ \. t., ~),\('\ \ \ \ '-\:_- ;-~\~ I \.>;~~.. \ \~:::_ ~~\ :.: . r:\., . \\\ '! \ :~~ I ~~..' \ \'\-"...., \\ . II' ,\ ~\ .;; : \1 \":"--:. \~ \ \-J '. '.\;;.., '~\ ,'~, \ ",' ", '[t,)' \' .,.", \ \' \~\..~," :.~,.~~ \' ':'" \ \ ,:' "1,\ '. ,\'. \ \ \'''. \ \. I '\ . \ .....~ .... ...' 1">. \ ~ \.. \ ' ' .. , I : ~,"'" .\ '( I '\. \ " \., \ \... \\ \, \." '. " '.:. r .' \ \ \ \,.' ,\ \', .'-, """) \.., \(\ . \>\ \(~-...; \, (:} I j".. '. '. :f .,.;: . . '\" \\.., \,! /,.! I,' ... , \ '.a \ \ \' fi'..): ,- -" . / J ." l ..'.., " ", \ ~_\\+ \.... -,-''..-;'--.' ,- 7 i .'-, , . I." ,It \ ,. _ I . _, .. \ 1,,:,#/' ~"~I :; \ . :' , #.': , / -. ' ,.,. .. ; \"'~ \ '~/ .',' ,~~:.. ). :t... \. \ \ ./,,"','. .. . ',i,-:':- . \ ,,,. .,' (,. .." " . ~:~.. ," ~I../ ,.;-,' ,. , r--y.... "..... .' .t:! t.//.. ;..~ ., , ./ :1 {..' 'I Y .' ..~ ~ \: ,"~,\:. :<~"',/' ,:~~~,i;~" . : i':, ..~;~>'"., ... ~. " " ,:..,..' . '/ "~? .,' / '~<:I' / A", .. " ,;>'~" , , .' , I I.,... 1'1" '~ ~;.. , "1, '.. I~,. . ~. '1 "'." .~ L'\. ~i I'>~,. ~ i" ',Tf,. I ',t :.' J (:; , -' / . ,t" "', ,(....;.. 1,-,' (. . I , ~: i r: :l '" " ~ ?i r. i ~ "" '" ~(~~:~.~ '\ j ~'_'~.;'~;" It " ~ , , , \:~~::./ I , ~.;.,.. II /: -9 .' //":1/ "', 1,- ;' / ,or,:l / / ~,: i ,. ,;'4.S , 11/ I~'~' , ;.; / ~ / '/ t.;:;',. i, /../':~:~\,i:~ i'/ / .I ,-, ."';"' i 1 / ! " I, " .( ;; It. /!Or " // / t/ /, :~J.;' I. >It '.. .. ;~1{tt,) f/~' .:'.. ... ~': i' f I " 1/ -I " .~l; r'(-)' I -'6- I I I - 3: ,/: - _ _ JIIPI ..', --'-"-I ."'J:.'~'::.m' h .. -.-:0 -0 :JJ .. m en -I -C )> :JJ " . ..' 1II ." . ::ll '" -' ,. > " Z :. -, C .n -t ,., on - 1,:1 ." m ::: z ,r, .. Cl .[, 'n " z ." d' J m '" m , ' . ::ll .-.. ,,' ~ z '.J - " ,> Cl .. ~) III (,"" c: " ::ll ill < :;' m . n ... -< '0 z Cl '" EXHIBIT A ,. !.'~ ,. i " " .::~ .)F~..:~..'.~d;Jo' f: . ,.~ I ~...: "; ....;:. :I" "-"':'~- f ! ,,:: .. ~ ~.:;, rs ;~. c;; ,; ..~' ~ $ Y'-iw,. ... " ~ :.. i ~ . ...~ .;. :.-:~~~ ",'. I.' ./~~l.r :;M.... '\ co..id f 1\ '" . ......'t! i;Jrltlj".l ,"I i.. 9. .~..~J.'.:".',' I I 'II '.'::S1i ; : .f "r.. " ! to'" .~.~.., jt'...t"\' \~>,. ijJ ,,~'" ~ 'r,' ",\),.f\O :.""'... '~""'''''t},ot~.I'jtf'~ ....' -{. "~-b':'/\ .~~ I"~ ~':" . '~ ).0 ...~., ..' ;... ..1' .>+:~~~ \ ,-- ;~ i :;. ~~: .r'.., v.,. '~\.io, ,.... ~... ~V ~...,?~, \ ==;;' "':: \. ..~;.,;...~~.' -..l.,l:'!!,.\..' j' ..:;. "'1j '~~).IIIII~~"""~"'" \, ~!!! g ,. \... ......... ~..; .\" I' 'Ii .... ''; , )j.~ it;, \ z.. l' ~ ~ .,,".' ;'.. ,""'-;' ~ ' ..." .. " ~ . ... ~ ....4~ t' ~. 1 \ ..:...~..:.:.\ \ i~ ~~~i a~.,i,. ,," \ ~ "~.~.:wY~ .~,go. ~,:i t 10\ " \ ''!'-.J,..;I'' .~., . ''c,i. !~ '/.J1#'"" \ ';..:'" ~~ J ! '. \. 0 ~ 1 ~. ~~",:'1' .iX,.. 5.:~" ~ '~..r ~~ \,,.,.>' ~! \ '" \::,~' 1, ''': ~ : -:'.'" /".\'V"'~'_~';""'.." <" 1 i I. ( I " \ .. I - ~... "~';;p_.. \ = (..' .,~~,'1 l' ~...Jl.1l" . '... ":-:;e" "".c.:'" \ 1o.::'\:alIA. "'l.''"'~' 01 ~ ,. ':1. Ii"'" \ .;.( ~ ......,.. .J"'..... ,,~. . - "1'.JlII ., .)1" 'r \ .. ~.c." ).H:.. ~ \~.. ...;r ....r. \ , '~ .: .:..\~ ~ "1. .0;.'11'" ~ ~ \. ''',.,,_'..i:.:.: ... ';.v-~'l \ 1 c ..li-.'i ~ ~ D~ .~':" ~-?-~... ~~ ~~ -t; ,.~.... i.. 't, \ ':p!lJ' !:'}.i~; .\;S ~ .a.i.!d-- \I'~. .. ~ ~..t' '\.~~. - ,,'" .~ Q....;.'..-"I.. I. \ 0\ \ t,,~ . r'. ',. \C...... ",~t) .......J.).."G. ... ., ,.Jfj" '. ~ ,,,al'" , i l~..:c'\~i"\ \ '~:"e.~'-:l _:'6'{J~ ._'~.f \ \\'4 .t.ol"~,)'" \~Io/~.: / , "r : I. I .'''S toe i . ,) y..1 . ;.\;. .....1I-;t. ~,. \01.... I '";," . ~ \ ~,i\i.-. .:;.-:;:,.: ' .,. '; iiI':-"" \ \. \, ~~ ~~~-'''~. \~.. / . .,~ 1"\ \ '.' - -'!i"'" ~ ".-" ~>~_ -- .....,..4li .. ...'~ ":' ....1\\ . \ .\: ~ s ~.rl;. ~ '\ '% \ \ \-.;r'" \ , \ ..,~. .\:;\ ~ I, f:' ,~'.l"' ~', I ~. ~...>....-.t>..t. ','. "\ .. \~~.~ \ \ \ J. .'S\ \;\ ~~ ~~\~,~~~~ ~ ';l tlttj>~\ "\ t- P \~..\ I \ .. " ,,-,'e "\ ...,-,," !. -. ",AJ~ ..", 41' ...... \ 'Sl,~ . ''\'is. 'I, IC ""l ~ r." ...)." .. ~ ~.J ~ "'1.'l." ,,,, . (0'1 \ I> "l"'~ I .- .u.~ -: \' ~ ~ '."""'.. \ ',. ~',h V~..~~. \ ,,\ :;"';;'....1 ,- >""i 1( ." .:~ ~",... \\ s: .: ~ \', ' .;c i . \ .\, 1& (~............ "t,Ai<- - s.. -\' / . '" \ Ii . iJ \ 't .~li'''' ... ~ '~$;\' .. ~~ \ .\ / \ \ \\ 0 ' ':Ia IS .~U'" II 'oS 'I ).-;.. \\ / \~ 'I' ...-" \~\ c:: \ .Jt','"l<T ....... \,.)... ce. \ t;~ ...... ,1.1' m I," ,,0..101> .\.-\ 1 ~ as ".. ...'t ~~ ~~..~ \oS ......~~ ,,\ . .~.\ " ... , ",,,,,,s", ..' ~''''i'''''' -...'~ ~~....~.."" ; ~ .. 0 .. -._ \' \-.. '~... - ~'W ..... , . , \ ~ .~'~~~,.~~_.~: ~." ~~~~~\1: ~~.~ .~:., I, \ ...~:::..i .. .~<i.t....., \ '-~ ... .~\ ..;. ~... \t:~.. / m \\ \.,,~..' ': .... ......_ :;; .~~:t''\:;' \ ~.J.,,;i- ~ \ ;,~!~ ~\" ,.' / / / "~.' ..... .~.. "1> .~.~ ...S.;-.. .." ~.t'''~' . \;, "... , I I ::a \t ;,.'v i \:;: ~ "~. '~" ~i~}-" .... \ ~.4""'~. \ / I '. < .' ~,~j;j;.. ".,. .. .".~ ~:t>":;' .. w,;; IS .,' \ /.,/11 ,II '\,\,. '. ..,~-" #" .. " "'.\..... ?i-'- 'liI...l1..w"~j,.\ \ \\~...,t:;'\;~.;:, ',""'~;~~"l' . ~J~.;t,. ..., ~,,"';~"1,' \ ( . 'i'.;. ~,t.. ,.~~.. P'oll__ ~ ,~,:. \ / .,/ '\\ ';\ . ,",,,'- " ),. .~...~. . f. . .;.:, .. ,...,...:u / ~ ..;. ".;)' . \"o1\Wy "';~ ~ '1l'i"'t-4::'~ .:." . .,......~lD \/ \ "~" ~",.", .. 0.. . ;p" .~" "ii' .."..'.!H., ;; '-~j' I . ,J.',_.. ...... . --~.. r'r-, , ..t. l I ' I . .. \.' ";.........,\...... ~~,"" ..; .~,..,. "''''11.'1 ", ~ !J, I \ '.-~~'f."-= .~;.., ~ ~~..~~~~. .t~ . ~ k'."!'~"""",/'/ '~/..<:,;.;~ :,., '~!%:.; L"';-t=..j,;.~ ~"'tl~ !j ~ / ,.... ., \- .. " ~",..' r · if'" l;'-; >I." .\' ,>~' . 'f;,_'~' \t ,~:i:?:~~:~ ':/Z~~~j~:" , . ....-,1:r .Ii ,. , ,. ...,.... f ,..;"'~ .' . : \f.~"" ~'\ :\, :~:~ .l:~~.: :.'~~:;:{\2;~;. ;'; . . I '".. "\-' ~ \ J.. .' . .... .t... / ,:1 . \ . .._.' \" . ' ;~,~. /~;;:' ,/. "!;.,~':r..- I 0" '.w_ \... (...... ~ ,.' :;.~'.h'..'.' . .:'\ r: ~ ::.~-' ,r~,;~(=~ ;;.~ _~/.. I \J _ 'b;. '}:\.~o ,._~:i .ft~. ' ~...:' I " 1 '..."y'~""('~'ll<J;~l,- I \ I 'P,':::' ~ .~/' ...,0...,/ "l.;/ ...~ ':$; ;.fj' ; J~: '"' /... ~~ t~.~ .-.;<' .' ,I. G .:/' /'.'.i-........~~...,.!.:., ,." "~~1:'}~:>f'/ ::';~~~:\;~5;t,~f::~~ ~ ~:; . "Y;/;\~ - )i~~/ ~/~~.:~~?' \ '1<~ '; . .." 'c 0/' -+?' ':,.::.;:. ~ /':t--4. ./ ~:., .;.:. : //~I)j/ .l ~'~<:', 1"" 'C; . ~. .; " !~" ~~~ ...... ~~ .~ g fi C'l '" !' :0 i ~ I lIJ -\.:t,""~- ,., ~ j fT'1 . , C1 :c m en -I ." )> ::a " Ii EXHIBIT "B" SAMPLE IRREVOCABLE LETTER OF CREDIT No. Date: TO: City of Prior Lake 16200 Eagle Creek Avenue Prior Lake, Minnesota 55372-1715 Dear Sir or Madam: We hereby issue, for the account of (Name of Developer) and in your favor, our Irrevocable Letter of Credit in the amount of $ , available to you by your draft drawn on sight on the undersigned bank. The draft must: a) Bear the clause, "Drawn under Letter of Credit No. (Name of Bank) "; , dated , 20_, of b) Be signed by the Mayor or City Manager of the City of Prior Lake. c) Be presented for payment at (Address of Bank) , on or before 4:00 p.m. on November 30, 20_. This Letter of Credit shall automatically renew for successive on~year terms unless, at least forty-five (45) days prior to the next annual renewal date (which shall be November 30 of each year), the Bank delivers written notice to the Prior Lake City Manager that it intends to modify the terms of, or cancel, this Letter of Credit. Written notice is effective if sent by certified mail, postage prepaid, and deposited in the U.S. Mail, at least fortyfive (45) days prior to the next annual renewal date addressed as follows: Prior Lake City Manager, Prior Lake City Hall, 16200 Eagle Creek Avenue, Prior Lake, Minnesota 55372-1714, and is actually received by the City Manager at least forty-five (45) days prior to the renewal date. This Letter of Credit sets forth in full our understanding which shall not in any way be modified, amended, amplified, or limited by reference to any document, instrument, or agreement, whether or not referred to herein. This Letter of Credit is not assignable. This is not a Notation Letter of Credit. More than one draw may be made under this Letter of Credit. This Letter of Credit shall be governed by the most recent revision of the Uniform Customs and Practice for Documentary Credits, International Cb1mber of Commerce Publication No. 400. We hereby agree that a draft drawn under and in compliance with this Letter of Credit shall be duly honored upon presentation. BY: Its 1:\02fi1es\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 29 EXHIBIT "C" SAMPLE CERTIFICATE OF INSURANCE PROJECT: CERTIFICATE HOLDER: City of Prior Lake 16200 Eagle Creek Avenue Prior Lake, Minnesota 55372-1714 INSURED: ADDITIONAL INSURED: City of Prior Lake AGENT: WORKERS' COMPENSATION: Policy No. Effective Date: Expiration Date: -- Insurance Company: COVERAGE - Workers' Compensation, Statutory. GENERAL LIABILITY: Policy No. Effective Date: Expiration Date: Insurance Company: ( ) Claims Made ( ) Occurrence LIMITS: [Minimum] Bodily Injury and Death: $1,000,000 for one person $2,000,000 for each occurrence Property Damage: $500,000 for each occurrence -OR- Combination Single Limit Policy $1,000,000 or more COVERAGE PROVIDED: 1:\02fiJes\02subdivisions\02final plats\timber crest\development contract.doc 11 /8/02 Page 30 r Operations of Contractor: YES Operations of Sub-Contractor (Contingent): YES Does Personal Injury Include Claims Related to Employment? YES Completed Operations/Products: YES Contractual Liability (Broad Form): YES Governmental Immunity is Waived: YES Property Damage Liability Includes: Damage Due to Blasting YES Damage Due to Collapse YES Damage Due to Underground Facilities YES Broad Farm Property Damage YES AUTOMOBILE LIABILITY: Policy No. Expiration Date: Effective Date: Insurance Company: (X) Any Auto LIMITS: [Minimum] Bodily Injury: $1,000,000 each person $2,000,000 each occurrence Property Damage: $500,000 each occurrence -OR- Combined Single Limit Policy: $1,000,000 each occurrence ARE ANY DEDUCTIBLES APPLICABLE TO BODILY INJURY OR PROPERTY DAMAGE ON ANY OF THE ABOVE COVERAGES: If so, list: Amount: $ [Not to exceed $1,000.00] SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL MAIL THIRTY (30) DAYS WRITTEN NOTICE TO THE PARTIES TO WHOM TIDS CERTIFICATE IS ISSUED. Dated at On BY: Authorized Insurance Representative 1:\02files\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 31 EXHIBIT D OVERSIZING COSTS TIMBER CREST I UNIT PRICE UNIT PRICE: OVERSIZING 1 ITEM NO DESCRIPTION UNIT OTY. 8" PVC COST I CITY COST ! SANITARY SEWER 1 10" PVC LF 1173 $ 35.00 $ 25.00 $ 10.00 $ 11,730.00 2 15" PVC. 0-10' DEEP LF 555 $ 50.00 $ 25.00 $ 25.00 $ 13,875.00 3 15" PVC, 10'.12' DEEP LF 78 $ 55.00 $ 25.00 $ 30.00 : $ 2,340.00 : SUBTOTAL $ 25,605.00 i * PER ASSESSMENT POLICY CITY WILL REIMBURSE FOR OVER SIZING IF MAIN IS lARGER THAN 8" I I I TOTAL OVERSIZING I I I $ 25,605.00 , Page 31 [ EXHIBIT E 'TIMBER CREST PARK i ! EARTHWORK UNITS ,QUANTITY UNIT PRICE I COST Excavation Borrow Heavy-duty silt fence Wetland mitigation Erosion control matt, 6' wide Tree removal Brush removal Boulder wall Cu. Yd. i Cu. Yd. ! Un. Ft Acre i Lin.Ft I Each i Acre I I Un. Ft Total 69,623 ' 21,015 1,600 0.42 . 2,800 . 32 13 2,000 , $394,970.00 . SANITARY SewER COST I UNITS , QUANTITY UNIT PRICE Manholes 8" PVC 10" PVC 15" PVC, 0 - 10' DEEP 15" PVC 10' -12' DEEP Add to existinQ manhole Connect to existing pipe Remove 15" RCP Village Home services Manor Home services Village Home services Manor Home services Wyes i Each 22 $ 3,000.00 $66,000.00 I Un. Ft 925 ' $ 25.00 $23,125.00 I Un. Ft 1 ,173 ' $ 35.00 $41,055.00 I Un. Ft ! 555 , $ 50.00 $27,750.00 I Un. Ft I 78 $ 55.00 ' $4,290.00 ! Un. Ft : 5 $ 400.00 $2,000.00 I Each , 2'$ 1,000.00 , $2,000.00 i Un. Ft 689 $ 25.00 $17,225.00 I , Each 100 , $ 1,000.00 $100,000.00 I Each 12 i $ 2,000.00 ' $24,000.00 i Un. Ft. 624 $ 15.00 $9,360.00 I Un. Ft. 6,300 i $ 15.00 $94,500.00 I I Each 112 $ 100.00 $11,200.00 Total $ 422,505.00 i UNITS QUANTITY UNIT PRICE COST WATERMAIN HJ_~rants ~_~~~~::.I~~___ __ Each 8" DIP Un. Ft. 6" DIP Un. Ft. 8" x 8" Tee Each 8" GV Each ~GV Each C_~nec~!~_~Esti~9 ___ _______~ac~______ Yillage Home service & pipe Each Manor Home service & pipe Each Irrigation taps Each Total 8 $ 2,200 $ 175 $ 2 $ 5 $ 8 $ 2 $ 12 $ 100 $ 3 $ 3,000.00 $24,000.00 30.00 $66,000.00 30.00 $5,250.00 ------_. _._---- 500.00 $1,000.00 1,000.00 $5,000.00 1,000.00 $8,000.00 1,000.00 _ .__ . $~,OOO.OO_ 2,500.00 $30,000.00 1,000.00 $100,000.00 ---- 1,500.00 $4,500.00 $ 245,750.00__ STC)'3!V1 ~EW.ER_______LJNI!S QUANTI!,!,: UNIT PRICE COST . ..- Each Each Each , Each Catch Basins Catch basin Manholes Manholes Apron _____J2.2_.12. ~OO.OO ___~42,500.99__ 34 $ 2,500.00 $85,000.00 10 $ 2,500.00 $25,000.00 4 $ 2,000,00 $8,000.00 Page 1 , " EXHIBIT E Skimmer Structures Each ! 3 $ 4,000.00 ' $12,000.00 12" RCP Un. Ft. ! 1,246 $ 35.00 ' $43,610.00 15" RCP Un. Ft i 643 $ 40.00 $25,720.00 18" RCP Un. Ft , 421 $ 45.00 $18,945.00 21" RCP Un. Ft. , 54 $ 50.00 $2,700.00 24" RCP I Un. Ft i 709 $ 55.00 $38,995.00 2T' RCP I Un. Ft. i 153 $ 60.00 $9,180.00 30" RCP i Un. Ft. 242 $ 65.00 $15,730.00 33" RCP I Un. Ft : 76 $ 70.00 , $5,320.00 36" RCP I Un. Ft I 137 : $ 75.00 ; $10,275.00 Riprap : Each i 4 $ 1,000.00 $4,000.00 Total' i '$ 346,975.00 i I : I , SURFACING I UNITS I QUANTITY UNIT PRICE COST I Curb & Gutter i Un. Ft. 6,994 $ 8.00 $55,952.00 Street preparation ,Lump sum, 1 $ 5,000.00 $5,000.00 1.5" Bit wearing course I Sq.yd 8,692 $ 4.00 $34,768.00 2.5" Bit base course I Sq. yd i 8,692 $ 6.00 ' $52,152.00 6" Agg base i Sq. Yd I 9,898 $ 9.00 $89,082.00 , 12" Sand subbase i Sq. Yd I 9,898 $ 14.00 $138,572.00 5' wide concrete sidewalk I Sq. ft. I 14,000 $ 4.00 : $56,000.00 ~ 8' wide bit sidewalk I Sq. ft. i 12,000 $ 5.00 : $60,000.00 Floating sidewalk ! Un. Ft ! 100 ' $ 100.00 : $10,000.00 2" Bit parking I Sq.yd 1,140 $ 5.00 $5,700.00 6" Agg base I Sq. yd : 1,296 $ 10.00 $12,960.00 Remove driveway I Each i 1 $ 1,000.00 $1,000.00 Total , 1$ 521,186.00 i i , Total cost $ 1,758,175.00 -"~ .' . I /' ~'-, ,---~--' ) ~;;(; /f Irj--~.) J) I~ - ~ ( --.) ,~ -., .-".' ",.... .... ~L/!-; ~ Page 2 11 10 . d ltUD.l EXHIBIT E ~."""" ",'~' ~I ...."',:,.., '., n.;. ..'" r~~ Jane Kaosier, AICP Planning Coordinator , City of Prior Lake 16200 Eagle Creek Ave. S.E. Prior Lake, ?v.IN 55372 November 4, 2002 RE: Required Information for the Timber Crest Park Development Contract Dear Ms. Kansier, Per your request dated November 15\ please fmd the following information. 1. Pulte will be signing the documents as owner, developer, and builder. Pulte Homes of Minnesota Corporation Dennis R Griswold. RLA Director of Land 815 Northwest Parkway, Suite l40 Eagan, MN 55121 2. A fair market estimate fOT the landscaping, irrigation. and sod to be installed at Timber Crest Park: $ 377.069 . This value is calculated using costs from a current project with similar building types. Thank you for your help during this process. We look forward to gaining approvals on November 18th and continuing-the positive relationship we have enjoyed with Prior Lake. p;:."! ~~./::: f':..; i~' ~\~.: ...~ ; L-- ~ iii":::'" \::?..5 d '':_.i L:.J " 'I '( ~i 5~ i~1 P\Jlt~ Hnm~s ot Minn=>ol. Corpur.liun 81 5 Nortnw~st Parkway, Suil~ 140 caqan, Minne:;ol. !j!jlZ1 651-452'5200 (j!il.4!i;!.5727 F;l~ EXHIBIT "F" TO DEVELOPMENT CONTRACT CONDITIONS OF PLAT APPROVAL 1. A current title opinion or commitment of title insurance is submitted acceptable to the City Attorney. 2. Payment of all fees prior to release of the final plat mylars. 3. Reductions of the entire final plat be submitted, to the following scales: I" = 800'; l" = 200'; and one reduction at no scale which fits onto an 81/2" x 11" sheet of paper. 4. Four mylar sets of the final plat with all required signatures are submitted. 5. The developer provides financial security, acceptable to the City Engineer prior to release of the final plat mylars. 6. The final plat and all pertinent documents must be filed with Scott County within 90 days from the date offmal plat approval. Failure to record the documents by February l8, 2003, will render the final plat null and void. 1:\02files\02subdivisions\02final plats\timber crest\development contract.doc 11/8/02 Page 36 [ CONTRACT FOR DEVELOPMENT OF LAND AS A PLANNED UNIT DEVELOPMENT IN THE CITY OF PRIOR LAKE, MINNESOTA, TO BE KNOWN AS TIMBER CREST PARK THIS CONTRACT, made and entered into as of the lSth day of November, 2002, by and between the City of Prior Lake, (hereinafter "CITY") a municipal corporation organized under the laws of the State of Minnesota and Pulte Homes of Minnesota, (hereinafter "DEVELOPER") a Minnesota corporation. RECITALS WHEREAS, DEVELOPER is duly organized to do business in the State of Minnesota and owns the PROPERTY within the CITY of Prior Lake; Scott County, Minnesota legally described in attached Exhibit A, and WHEREAS, DEVELOPER desires to develop the PROPERTY legally described and depicted in Exhibit A ("DEVELOPMENT PROPERTY"); and WHEREAS, the CITY has approved a preliminary plat and final plat for the DEVELOPMENT PROPERTY, which approval is subject to certain conditions including the DEVELOPER entering into the CITY's standard development contract; and WHEREAS, DEVELOPER has made application to CITY Council for approval to develop the DEVELOPMENT PROPERTY as a Planned Unit Development (Planned Unit Development); and WHEREAS, on September 3, 2002, the DEVELOPER received approval of a preliminary Planned Unit Development plan and a preliminary PLAT for the development known as Timber Crest Park; and WHEREAS, on October 1, 2002, the DEVELOPER filed an application for approval of Final Planned Unit Development; and 1:\02fi1es\02puds\timber cr final\pud contract.doc Page 1 WHEREAS, the CITY has granted preliminary Planned Unit Development approval and final Planned Unit Development approval to the DEVELOPER suhjectto certain conditions including that the DEVELOPER enter into this PUD DEVELOPMENT CONTRACT (hereinafter "CONTRACT") and meet all of the terms and conditions hereafter set forth; and WHEREAS, under authority granted pursuant to Minnesota Statutes Chapter 462 and the Zoning Ordinance ofthe City of Prior Lake the CITY COUNCIL has agreed subject to the terms and conditions set forth herein, to approve the final Planned Unit Development FINAL PLANS. NOW, THEREFORE, in consideration of the mutual promises, covenants and conditions contained herein, the sufficiency of which is not disputed, it is hereby agreed as follows: 1. RECITALS The Recitals set forth above are,herein incorporated as if fully set forth. 2. PURPOSE OF CONTRACT 2.1 The purpose of this Contract is to set out the terms and conditions pursuant to which the City Council of the City of Prior Lake grants its approval for the DEVELOPER to develop the DEVELOPMENT PROPERTY as a Planned Unit Development. The terms and conditions set forth herein are intended to promote and protect the orderly development of land within the CITY and to assure that the development of the DEVELOPMENT PROPERTY is done in a manner to protect and preserve the health, safety and welfare of the citizens and property within the CITY. 2.2 This CONTRACT is intended to achieve the following objectives: a) To insure compliance with the purpose, requirements and criteria set forth in Section 1106 in the Zoning Ordinance for a Planned Unit Development. b) To clarify the rights and responsibilities of the parties to this CONTRACT. c) To incorporate, as an integral part of this CONTRACT, a DEVELOPMENT CONTRACT dated November l8, 2002 by and between the CITY and DEVELOPER relating to the Final PLAT of Timber Crest Park Addition. 3. FINDINGS 1:\02files\02puds\timber cr fmal\pud contract.doc Page 2 11 3.1 The Prior Lake Zoning Ordinance sets out goals and objects against which all applications for Planned Unit Developments must be evaluated against. The final Planned Unit Development plan is consistent with the goals and objectives of a Planned Unit Development as specified in the Zoning Ordinance. To that effect, the City Council has made the following findings: 3.1.1 Greater utilization of new technologies in building design, materials, construction and land development. The DEVELOPER is utilizing standard construction and design practices for the townhomes; however, a PUD of this type results in less density than may be otherwise permitted in the R-4 district. The lookout style of the buildings in some areas utilizes the natural grades of the site where possible. 3.1.2 Higher standards of site and building design. Same as above. 3.1.3 More efficient and effective use of streets, utilities, and public facilities to support high quality land use development at a lesser cost. Maintenance of private streets, including plowing and future repairs, is done by the homeowners association. This reduces CITY costs in providing services to these homes. 3.1.4 Enhanced incorporation of recreational, public and open space components in the development which may be made more useable and be more suitably located than would otherwise be provided under conventional development procedures. The common open space on the site will be available to all residents of the development as passive open space. 3.1.5 Provides a flexible approach to development which allows modifications to the strict application of regulations within the various Use Districts that are in harmony with the purpose and intent of the CITY's Comprehensive Plan and Zoning Ordinance. The density and variety of housing units is consistent with the Comprehensive Plan goals to provide a variety of housing styles. 3.1.6 Encourages a more creative and efficient use of land. The use of the private streets allows for fewer driveway openings on the public streets. 3.1.7 Preserves and enhances desirable site characteristics including flora and fauna, scenic views, screening and buffering, and access. The townhouse units are sited to take advantage of the natural views of the wetlands. The plan provides screening from the adjacent County road. 1:\02files\02puds\timber cr final\pud contract.doc Page 3 3.1.8 Allows the development to operate in concert with a Redevelopment Plan in certain areas of the CITY and to insure the redevelopment goals and objectives within the Redevelopment District will be achieved. This criterion is not applicable. 3.1.9 Provides for flexibility in design and construction of the development in cases where large tracts of land are under single ownership or control and where the users) has the potential to significantly affect adjacent or nearby properties. The use of the PUD allows the clustering of the homes and the use of private streets. 3.1.10 Encourages the DEVELOPER to convey property to the public, over and above required dedications, by allowing a portion of the density to be transferred to other parts of the site. There is no park dedication or open space dedication over and above that required under conventional procedures. The DEVELOPER is maximizing the use of the wetland area by providing walking trails around the wetland that eventually connect to the public sidewalk along CSAH 21. 3.1.11 The design shall consider the whole of the project and shall create a unified environment within the boundaries of the project by insuring architectural compatibility of all structures, efficient vehicular and pedestrian circulation, aesthetically pleasing landscape and site features, and efficient use and design of utilities. The design creates a unified environment in that all of the buildings will be constructed of similar materials. The extension of the existing private street allows for efficient movement of traffic. The landscaping plan will also enhance this area. 3.1.12 The design of a Planned Unit Development shall optimize compatibility between the project and surrounding land uses, both existing and proposed and shall minimize the potential adverse impacts of the Planned Unit Development on surrounding land uses and the potential adverse effects of the surrounding land uses on the Planned Unit Development. The use of the PUD will allow the clustering of the townhouse units. 3.1.13 If a project for which Planned Unit Development treatment has been requested involves construction over a period of time in two or more phases, the applicant shall demonstrate that each phase is capable of addressing and meeting each of the criteria independent of the other phases. The PROJECT will be completed in one phase. 1:\02files\02puds\timber cr fmal\pud contract.doc Page 4 II 3.1.14 A Planned Unit Development in a Residential Use District shall conform to the requirements of that Use District unless modified by the following or other provisions of this Ordinance. 1) The tract of land for which a project is proposed shall have not less than 200 feet of frontage on a public right-of-way; 2) No building shall be nearer than its building height to any property line when the property abutting the subject property is in an "R-1" or "R-2" Use District; 3) No building within the project shall be nearer to another building than Y2 the sum of the building heights of the two buildings, except for parking ramps which may be directly connected to another building; and 4) Private roadways within the project site may not be used in calculating required off-street parking spaces. The PROJECT meets the above requirements; as approved, the Planned Unit Development will allow, the DEVELOPER to utilize private streets, which is permitted under the Planned Unit Development provisions at the discretion of the Council. The plan also reduces the required setbacks on the private streets and the setbacks between the buildings in order to allow the clustering of the units. 4. DEFINITIONS, RULES OF INTERPRETATION, AND EXHIBITS 4.1 Definitions In this CONTRACT the following terms shall have the following respective meanings unless the context hereof clearly requires otherwise: 4.1.1 "APPROVED FINAL PLAN" means all those plans, specifications, drawings and surveys attributable to the DEVELOPER and the DEVELOPER INSTALLED PUBLIC IMPROVEMENTS listed in Exhibit F. 4.1.2 "CITY" means the City of Prior Lake, a governmental subdivision of the State of Minnesota. 4.1.3 "CITY ATTORNEY" means the City Attorney of the City of Prior Lake. 4.1.4 "CONTRACT" means this Contract for Development of Land as a Planned Unit Development in the City of Prior Lake, Minnesota, and all referenced and incorporated exhibits by and between CITY and DEVELOPER, as the same may be from time to time modified, amended or supplemented. 4.l.5 "DEVELOPER" means Pulte Homes of Minnesota, or its heirs successors and assigns. 4.1.6 "DEVELOPER INSTALLED IMPROVEMENTS" means all those improvements listed in Exhibit F. 1:\02files\02puds\tirnber cr final\pud contract.doc Page 5 4.1.7 "DEVELOPMENT CONTRACT FOR PUBLIC IMPROVEMENTS" means the contract titled Development Contract for Timber Crest Park Addition and signed by and between the DEVELOPER and the CITY required as a condition for the construction of all required public improvements related to this development. 4.1.8 "DEVELOPMENT PLAN" means the final Planned Unit Development plans approved by the Council attached as Exhibit B. 4.1.9 "INCLUDING" means including, but not limited to. 4.1.10 "PLAT" means the final plat and all related documents approved by the CITY. 4.1.11 "PROJECT" means the development of 28.19 acres into 148 townhouse units and open space pursuant to the terms and conditions of the approved final Planned Unit Development, the approved final PLAT and this CONTRACT. 4.1.12 "PROPERTY" means the real property, together with improvements, if any, described in Exhibit A. 4.2 Exhibits The following exhibits are attached hereto, incorporated by reference and made a part of this CONTRACT as if fully set forth herein. 4.2.1 Exhibit A - Legal Description of DEVELOPMENT PROPERTY 4.2.2 Exhibit B - Approved Final Planned Unit Development Plans dated _ 4.2.3 Exhibit C - City Council Resolution 02-_ approving the Final Planned Unit Development Plans and the CONTRACT FOR THE DEVELOPMENT OF LAND AS A PLANNED UNIT DEVELOPMENT 4.2.4 Exhibit D - Covenants and Homeowner's Association Documents 4.2.5 Exhibit E - DEVELOPMENT CONTRACT FOR PUBLIC IMPROVEMENTS for the Approved Final PLAT known as Timber Crest Park Addition. 4.2.6 Exhibit F - DEVELOPER INSTALLED PUBLIC IMPROVEMENTS 5. SCOPE OF PROJECT 5.1 The PROJECT to be known as Timber Crest Park consists of28.19 acres, legally described as shown on Exhibit A, to be developed with a total of 148 townhouse units. The PROJECT also includes the development of a private street system, private and public open space, parking and landscaping. The PROJECT shall be developed as shown on the Approved Planned Unit Development Plans, attached hereto as Exhibit B. These plans include, but are not limited to site plans, landscaping plans, signage plans, lighting plans and building elevations. 1:\02files\02puds\timber cr final\pud contract.doc Page 6 r 5.2 The DEVELOPER INSTALLED IMPROVEMENTS for this PROJECT will be constructed in a single phase, beginning in 2002 and ending in 2003. Construction of housing units will continue through 2005. 6. DEVELOPER IMPROVEMENTS 6.l The required DEVELOPER INSTALLED IMPROVEMENTS are described in the attached DEVELOPMENT CONTRACT FOR PUBLIC IMPROVEMENTS, which is incorporated as Exhibit E. 6.2 Access. The DEVELOPER hereby grants to the CITY, its agents, employees, officers, and contractors a non-revocable license to enter the PLAT during the installation and for the maintenance of DEVELOPER INSTALLED IMPROVEMENTS to perform all work and inspections deemed appropriate by the CITY. 7. DEVELOPER REPRESENTATIONS 7.1 DEVELOPER represents and warrants that neither the execution and delivery of this CONTRACT, the consummation ofthe transactions contemplated hereby, nor the fulfillment or the compliance with the terms and conditions of this CONTRACT is prevented or limited by, or in conflict with or will result in breach of, the terms, conditions or provisions of any restriction of DEVELOPER, or evidence of indebtedness, contract or instrument of whatever nature to which DEVELOPER is now party or by which it is bound or will constitute a default under any of the foregoing. 7.2 DEVELOPER agrees to hold harmless, indemnify and defend CITY, its Council, agents, employees and CITY ATTORNEY against any claims or actions brought as a result of DEVELOPER's performance under this CONTRACT or as a result of alleged actions or omissions on the part of DEVELOPER, its employees or agents. 8. RELEASE, HOLD HARMLESS AND INDEMNIFICATION 8.1 DEVELOPER releases from and covenants and agrees that CITY, its City Council, officers, agents, servants, attorneys and employees thereof (hereinafter for purposes ofthis paragraph, the "indemnified parties") shall not be liable for and agrees to indemnify and hold harmless the indemnified parties against any loss or damage to PROPERTY or any injury to or death of any person occurring at or about or resulting from any defect in the PROPERTY, development of PROPERTY or DEVELOPER IMPROVEMENTS. 9. EVENT OF DEFAULT 1:\02files\02puds\timber cr final\pud contract.doc Page 7 9.1 Event of Default Defined. Event of default is anyone or more of the following events: 9.1.l Failure by DEVELOPER to timely pay all real property taxes assessed with respect to the PROPERTY; 9.l.2 Failure to construct the DEVELOPER INSTALLED IMPROVEMENTS pursuant to the terms, conditions and limitations of the DEVELOPMENT CONTRACT FOR PUBLIC IMPROVEMENTS; 9.1.3 Failure by DEVELOPER to observe or perform any covenant, condition, obligation or contract on its part to be observed or performed under this CONTRACT; 9.1.4 Transfer of any interest in the DEVELOPMENT; 9.1.5 Failure by DEVELOPER to reimburse CITY for any costs increased by CITY in connection with this CONTRACT, including the enforcement thereof; including, but not limited to engineering fees, inspection and testing fees, attorney fees and other professional fees. 9.2 Remedy Upon Event of Default. Whenever an event of default occurs, the CITY after providing DEVELOPER notice as provided in paragraph 15, and may take anyone or more of the following actions: ...-- 9.2.1 9.2.2 9.2.3 9.2.4 9.2.5 CITY may cancel and rescind this CONTRACT. CITY may draw upon and/or bring an action upon any or all of the securities including but not limited to the Irrevocable Letter of Credit, the Payment Bond, the Performance Bond or the Warranty Bond provided to CITY pursuant to the DEVELOPMENT CONTRACT for the PLAT of Timber Crest Park Addition (Exhibit E). CITY may take whatever action, including legal or administrative action, which may be necessary or desirable to CITY to collect any payments due under this CONTRACT or to enforce performance and/or observance of any obligation, contract or covenant of DEVELOPER under this CONTRACT. CITY may suspend issuance of Building Permits and/or Occupancy Permits on DEVELOPER's lots. CITY may draw upon the Irrevocable Letter of Credit provided pursuant to the DEVELOPMENT CONTRACT for the PLAT of Timber Crest Park Addition if CITY receives Notice that the bank elects not to renew the Irrevocable Letter of Credit. 9.3 Whenever an Event of Default occurs and CITY shall employ attorneys or incur other expenses, including employment of experts, for the collection of payments due or to become due or for the enforcement or performance or observance of any obligation or contract on the part of DEVELOPER herein contained, DEVELOPER agrees that it shall, on demand thereof, pay to CITY the reasonable fees of such attorneys and such other expenses so incurred by CITY. 1:\02files\02puds\timber cr fmal\pud contract.doc Page 8 [ 9.4 Nonexclusive Remedy. None of the actions set forth in this Section are exclusive or otherwise limit the CITY in any manner. 10. WAIVER Failure ofthe CITY at any time to require performance of any provision ofthis CONTRACT shall not affect its right to require full performance thereof at any time thereafter and the waiver by the CITY of a breach of any such provision shall not be taken or held to be a waiver of any subsequent breach thereof or as nullifying the effectiveness of such provision. 11. ASSIGNMENT ll.l DEVELOPER represents and agrees for itself, its heirs, its successors and assigns that DEVELOPER has not made or created and that it will not make or create or suffer to be made or created any total or partial sale, assignment, conveyance or any trust or power to transfer in any other mode or form of or with respect to this CONTRACT or in DEVELOPER without the prior written approval ofthe CITY. ll.2 The DEVELOPER may not transfer or assign this CONTRACT without the prior written permission of the CITY COUNCIL of the City of Prior Lake. The DEVELOPER's obligations hereunder shall continue in full force and effect, even ifthe DEVELOPER sells one or more lots, the entire PLAT, or any part thereof. 12. PERMITS 12.1 The DEVELOPER shall obtain all necessary approvals, permits and licenses from the CITY, and any other regulatory agencies and the utility companies. If any of the entities request a change to the APPROVED FINAL PLANS submitted for review, the DEVELOPER shall submit these changes to the CITY for approval. 12.2 All costs incurred to obtain said approvals, permits and licenses, and also all fines or penalties levied by any agency due to the failure of the DEVELOPER to obtain or comply with conditions of such approvals, permits and licenses, shall be paid by the DEVELOPER. l2.3 The DEVELOPER's shall defend and hold the CITY harmless from any action initiated by the other regulatory agencies and the utility companies resulting from such failures of the DEVELOPER. 13. RECORDING 13.1 This CONTRACT shall be recorded by DEVELOPER within sixty (60) days from approval of the Resolution approving the Pinal Planned Unit Development and 1:\02files\02puds\timber cr fmal\pud contract.doc Page 9 13.2 14. 14.1 -- 14.2 14.3 15. 16. ,.- Final PLAT, and all terms and conditions of this CONTRACT shall run with the land herein described, and shall be binding upon the heirs, successors, administrators and assigns of the DEVELOPER. The DEVELOPER shall provide and execute any and all documents necessary to implement the recording. If there be more than one developer, references herein to DEVELOPER shall mean each and all of them. All recording fees, if any, shall be paid by the DEVELOPER. NOTICE Required Notices to the DEVELOPER shall be in writing, and shall be either hand delivered to the DEVELOPER, its employees or agents, or mailed to the DEVELOPER by certified mail at the following address: Pulte Homes of Minnesota, Attention: Dennis R. Griswold, RLA, Director of Land, 815 Northwest Parkway, Suite l40, Eagan, Minnesota, 55l21. Notices to the CITY shall be in writing and shall be either hand delivered to the City Manager, or mailed to the CITY by certified mail in care of the City Manager at the following address: City of Prior Lake, 16200 Eagle Creek Avenue, Prior Lake, Minnesota 55372-1714. Concurrent with providing Notice to the CITY, Notice(s) shall be served upon the CITY ATTORNEY Suesan Lea Pace, Esq. at Halleland Lewis Nilan Sipkins & Johnson, Pillsbury Center South, 220 South Sixth Street, Suite 600, Minneapolis, Minnesota, 55402-4501. Unless otherwise specified in the CONTRACT, the Notice period shall be fifteen (15) calendar days. The Notice shall state a time by which the default must be cured. The time the CITY gives the DEVELOPER shall be determined in the sole discretion of the CITY; however, such time shall be a reasonable time. MODIFICATIONS OR AMENDMENT This CONTRACT may be amended by the parties hereto only by written instrument executed in accordance with the same procedures and formality followed for the execution of this CONTRACT. PROOF OF TITLE DEVELOPER shall furnish a title opinion or title insurance commitment addressed to the CITY and acceptable to the CITY ATTORNEY demonstrating that DEVELOPER is the fee owner or has a legal right to become fee owner of the PROPERTY upon exercise of certain rights and to enter upon the same for the purpose of developing the PROPERTY. DEVELOPER agrees that in the event 1:\02files\02puds\timber cr fmal\pud contract.doc Page 10 r DEVELOPER's ownership in the PROPERTY should change in any fashion, except for the normal process of selling or conveying lots, prior to the completion of the PROJECT and the fulfillment of the requirements of this CONTRACT, DEVELOPER shall forthwith notify the CITY of such change in ownership and seek the CITY's approval to transfer the responsibility under this CONTRACT. Any change in ownership shall not release DEVELOPER from any of its obligations under this CONTRACT, unless or until the CITY has approved transfer ofthis CONTRACT and then only to the extent agreed to by the CITY. 17. HEADINGS Headings at the beginning of paragraphs herein are for convenience of reference, shall not be considered a part of the text of this CONTRACT and shall not influence its construction. 18. SEVERABILITY In the event any provisions of this CONTRACT shall be held invalid, illegal, or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof, and the remaining provisions shall not in any way be affected or impaired thereby. 19. CONSTRUCTION This CONTRACT shall be construed in accordance with the laws of the State of Minnesota. IN WITNESS WHEREOF, CITY and DEVELOPER have caused this CONTRACT to be duly executed on the day and year first above written. Approved by the City Council on the 18th day of November, 2002. APPROVED AS TO FORM: DEVELOPER: Pulte Homes of Minnesota by Suesan Lea Pace, City Attorney By Its CITY OF PRIOR LAKE By: Its Manager By: Its Mayor 1:\02files\02puds\timber cr final\pud contract.doc Page 11 This Development Contract must be signed by all parties having an interest in the PROPERTY. 1:\02files\02puds\timber cr fmal\pud contract.doc r Page 12 STATE OF MINNESOTA COUNTY OF SCOTT On the day of , 20 , before me, a Notary Public, with and for said County personally appeared Jack G. Haugen and Frank Boyles, to me personally known, being each by me duly sworn did say that they are the Mayor and City Manager, respectively, of the City of Prior Lake, a Minnesota municipal corporation, named in the foregoing instrument; and that said instrument was signed on behalf of the municipal corporation and acknowledged said instrument to be the free act and deed of said municipal corporation. Notary Public STATE OF MINNESOTA COUNTY OF SCOTT The foregoing instrument was acknowledged before me this ,20_ by and by and of Corporation, on behalf of said corporation. day of who are the , a Minnesota Notary Public This instrument prepared by: City of Prior Lake l6200 Eagle Creek Avenue S.E. Prior Lake, MN 55372 1:\02files\02puds\timber cr fmal\pud contract. doc Page 13 FEE OWNER CONSENT TO DEVELOPMENT CONTRACT Pulte Homes of Minnesota Corporation, fee owners of all or part of the subject property, the development of which is governed by the foregoing Contract for Development of Land as a Planned Unit Development in the City of Prior Lake, affirm and consent to the provisions thereof and agree to be bound by the provisions as the same may apply to that portion of the subject property owned by them. Dated this _ day of ,20_. STATEOFMINNESOTA ) ( ss. COUNTY OF SCOTT ) The foregoing instrument was acknowledged before me this _ day of ,20_, by NOTARY PUBLIC 1:\02files\02puds\timber cr fmal\pud contract.doc Page 14 11 EXHIBIT A LEGAL DESCRIPTION OF PROPERTY WITHIN TIMBER CREST PARK PUD PLAN That part of the Southwest Quarter of the Northwest Quarter and that part of the Northwest Quarter of the Southwest Quarter of Section l, Township ll4, Range 22, Scott County, Minnesota, lying southwesterly of the Southwesterly right-of-way line of the abandoned right-of-way of the Chicago, Milwaukee, St. Paul & Pacific Railroad, the centerline of the track thereof as shown in survey recorded as Doc. No. l7867l in the Office of the County Recorder, and northerly of the following described line: Beginning at a point on the West line of said Southwest Quarter of the Northwest Quarter, distant 125.00 feet north of the Southwest corner thereof (said west line has a bearing ofN 00006' E); thence Easterly parallel with the South line of said Southwest Quarter of the Northwest Quarter a distance of 306.79 feet; thence deflecting southerly at an angle of 58050'47", a distance of 197.5l feet to the centerline of 9th Avenue (now known as Franklin Trail); thence Northeasterly along said centerline a distance of 307.08 feet to the southwesterly right-of-way of the abandoned right-of-right of the Chicago, Milwaukee, St. Paul & Pacific Railroad and there terminating. Also, that part of the SE 1f4 of the NE 1f4 and that part of the NE 1f4 of the SE 1f4 of Section 2, Township ll4, Range 22, Scott County, Minnesota, lying southwesterly of the abandoned right-of-way of the Chicago, Milwaukee, St. Paul & Pacific Railroad, the centerline of the track thereof as shown in survey recorded as Document l78670 in the Office of the Recorder and easterly of State Trunk Highway No. l3 and northerly of the following described line: Beginning at a point on the east line of said SE 1f4 of the NE 1f4 (said line has a bearing ofN 00006' E) distant 62.84 feet northerly from the southeast corner of said SE 1f4 ofthe NE 1f4; thence S 76058'27" W a distance of 771.38 feet; thence S 88038'20" W a distance of577.50 feet to the west line of said NE 1/4 of the SE 1f4 and there terminating. 1:\02files\02puds\timber cr final\pud contract.doc Page 15 EXHIBIT F DEVELOPER INSTALLED IMPROVEMENTS DEVELOPER INSTALLED IMPROVEMENTS include the construction work to be installed and financed by the DEVELOPER on the PROPERTY and identified on the approved plans including, but not limited to, the following: . Streets, Curb and Gutter, both public and private . Water Supply . Sanitary Sewer . Storm Sewer/Stormwater improvements, both public and private . Grading, Drainage, and Erosion Control improvements . Sidewalks and Driveways, curb-stop adjustments . Required Landscaping, including trees, topsoil and sodding . Tree Replacement Requirements . Street Lighting, both public and private . Traffic Signing improvements . Monument Sign 1:\02files\02puds\timber cr fmal\pud contract.doc Page 16 I"