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HomeMy WebLinkAbout4M - Carriage Hills 4th Addn. AGENDA #: PREPARED BY: SUBJECT: DATE: INTRODUCTION: BACKGROUND: STAFF AGENDA REPORT 4(m) DEB GARROSS, DRC COORDINATOR CONSIDER ADOPTION OF RESOLUTION 95-81 APPROVING THE FINAL PLAT AND DEVELOPERS AGREEMENT FOR CARRIAGE HILLS FOURTH ADDITION. AUGUST 21, 1995 The purpose of this agenda item is to consider adoption of Resolution 95-81 approving the final plat and developer's agreement for Carriage Hills Fourth Addition. The developer, Progress Land Company, will be represented by Warren Israelson. The developer's agreement for installation of public improvements was prepared by John Wingard and Glenn Kessel and is attached. The final plat was reviewed in accordance with the approved preliminary plat and Sections 6- 5-1 and 6-7-1 through 6-7-17 of the Subdivision Ordinance. The principal requirements for final plat approval include a signed developer's agreement with surety for the installation of utilities and streets and the satisfactory completion of all preliminary plat conditions. The preliminary plat of Carriage Hills was approved by the City Council on June 1, 1992. The preliminary plat was approved subject to eight conditions. See attached City Council minutes dated June 1, 1992 for reference. The Preliminary Plat of Carriage Hills indicates the site will be developed as follows: There will be a total of 214 single family lots with an improved neighborhood park as well as nature park with trails. Trails will connect to Raspberry Woods Park and to the Carriage Hills and CSAH 21, regional trail system. The plat of Carriage Hills Fourth Addition is the fourth of five phases of the development and contains 41 single family lots. The final phase of the subdivision will be development of Outlot B, which will consist of 4 lots and the extension of Landau Lane to Manitou Road. The developer attempted to negotiate a land acquisition with the adjacent property owner to the east, (Leo FP04C 1.0OC 1 16200 Eagle Creek Ave., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER DISCUSSION: ISSUES: ALTERNATIVES: FP04Cl.DOC Vierling), in order to provide for the road connection with this phase, however, negotiations failed. Therefore, Landau Lane will not be connected to Manitou Road until the 5th addition of the Carriage Hills plat is completed. The last phase of Carriage Hills will consist of the of 4 lots located within Outlot B. The conditions placed upon the preliminary plat have been satisfied or will be accounted for in the developer's agreement and Resolution 95-81 approving the final plat. The park dedication required in this phase consists of Outlot A, which completes land dedication for parks within the development. The applicant has provided the City with a warranty deed for acquisition of Outlot A. The developers agreement specifies that the developer is responsible for installation of all utilities. streets. park trails and all other improvements as specified in the Subdivision Ordinance. Engineering staff will be present at the meeting to review details of the developer's agreement with the Council if requested. An issue associated with the final phase of development concerns the costs associated with completion of Landau Lane. Due to the fact that only four lots will be platted in the fifth addition, staff is concerned the road may not be completed because there may not be enough lot sales to compensate for Landau Lane improvement costs. A similar situation occurred within the development of North Shore Oaks 5th Addition where only three lots remain in the final phase, along with the improvement of Cardinal Street. The street connection may never occur because the cost of the improvement exceeds the value of the return from the last three lots to be developed within the subdivision. Resolution 95-81 contains a provision requiring the developer to post a letter of credit or other acceptable financial security to insure that dollars will be available to complete Landau Lane as approved in the preliminary plat. The requirement for up-front financial security will assure completion of the road to the plat boundary and avoid a potential problem such as completion of the North Shore Oaks 5th Addition neighborhood and resulting street connections. 1. Adopt Resolution 95-81 approving the final plat and developer's agreement for Carriage Hills Fourth Addition. 2. Table or continue this item for specific reasons as specified by the City Council. 2 RECOMMENDATION: Alternative #1. ACTION REQUIRED: FP04Cl.DOC A motion as part of the consent agenda to adopt Resolution 95-81 approving the final t and developer's agreement for Carriage Hills Fo Add' n. 3 RESOLUTION 95-81 RESOLUTION OF THE PRIOR LAKE CITY COUNCIL TO APPROVE THE FINAL PLAT OF "CARRIAGE HILLS FOURTH ADDITION" AND DEVELOPERS AGREEMENT AND SETTING FORTH CONDITIONS TO BE MET PRIOR TO RELEASE OF THE FINAL PLAT. MOTION BY: SECOND BY: WHEREAS: the City Council held a hearing on June 1, 1992, and approved the preliminary plat of Carriage Hills subject to eight conditions identified in the meeting minutes; and WHEREAS: the City Council has found that the fmal plat of "Carriage Hills Fourth Addition" is in substantial compliance with the approved preliminary plat; and WHEREAS: The City Council has approved the final plat of "Carriage Hills Fourth Addition". NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PRIOR LAKE, MINNESOTA, that it should and hereby does require the following conditions to be met, prior to release of, and recording of said plat: 1. A current title opinion or commitment of title insurance be submitted acceptable to the City Attorney. 2. Payment of all fees prior to release of the fmal plat mylars. 3. Reductions of the entire fmal plat be submitted, to the following scales: }" = 800'; I" = 200'; and one reduction at no scale which fits onto an 81/2" x II" sheet of paper. 4. Four mylar sets of the fmal plat with all required signatures be submitted. 5. The developer provide fmancial security, acceptable to the City Engineer, to provide for the future upgrade of Landau Lane to the plat boundary. 6. The fmal plat and all pertinent documents must be filed with Scott County within 60 days from the date of fmal plat approval. Failure to record the documents by October 21, 1995, will render the fmal plat null and void. Passed and adopted this 21st day of August, 1995. YES NO ANDREN GREENFIELD KEDROWSKI SCHENCK SCOTT ANDREN GREENFIELD KEDROWSKI SCHENCK SCOTT Frank Boyles, City Manager City of Prior Lake {Seal} "FPRESOL" z o J- - o o <! :r: t- O:: ::> o lJ... (f) ...J ...J :r: il! I i -II I !iI I I i Iii l I, I ill I I II I III z t .1, I I I i iii, ~ i i ~ III ! i! !I iii I · ! I . UI, .. I I. .. ~I I I I I I III I I i I :1 \Ii! i I ill It ~;~ I' I I ill .Ii Iii 1 I II ~I 1 tt 1.1 .! III !1 II i I I, OJ, J f I!JI I i H I' 'I' till i tl , , 1& I ! ~ ! H!. !II JiI! =1 I ! :11 t I d ill! I.i ' 3 Ii! I ~ ill. &..1 :. ~ I I ; ~I II i 511 ; I' I l' I I Sit _ a I le.. .. a t I' le.... !.. ! J ~ .. 1 I Ii ! 1 I I I I I .. I J i I I j I ~ I ! . ~: ""'Ii ~. ~ ! I .. ! I .. i I i & & i 1 I I i i 1 I, I '0, I ! .. ! I j j -'-'1;:::1':';:: ~ ',:;.J ~-- I.-~_.I. - -::1 "lill ... . , , 11111i!: . ___ ;1:~Ila:~~~;:~ ~~s'~ . . ,.... ~:r. _" . ;J l'~;:h~.:f ~ ~ ~ ~: ihhkt!!..tk. __':'~ ~zz:.Z::!!! ;';r-.. ~.'l I" It, .... ~ ~~; &\. ii 1:0 !: ~:; HI ~;i . ~... I I I -f- - \q~\}~ ~ \ ~'.~~ \b'" \ APPLICATION FOR '!HE SUBDIVISION OF LAND WI'mIN 'mE CIT'I OF PRIOR LAKE f)5-3ro- 6 53-6 FPqS -04 . . . JO. Property CNner: Proqress Land Company, Inc. Address: 14300 Nicollet Court,Burnsville, SUbdivider: same Address: Agent: Address: Phone: (6 1 2 ) 4 3 5 - 3 1 1 5 MN 55306 Suite 335 Phone: Warren J. Israelson Phone: (612)435-3115 14300 Nicollet Court, Suite 335, Burnsville, MN 55306 ~ of &uveyor: Schwanz Land Survevina Name of Engineer: Proqress Enqineerinq Phone: (612)423-1769 Phone: (6 1 2 ) 4 3 5 - 3 1 1 5 Legal Description of Property: Addition Outlet A, Carriage Hills Third Property ldenification Number (pm): 4311 4 Present Zoning: Single Family Deed Restrictions: No Yes x Pro~rty Acreage: 1 4.21 Acres If so, please attach. Bas the Applicant previously sought to plat, rezone, obtain a variance or conditional use permit on the subject site or arrj part of it: No Yes X What was requested: Carriaqe Hills Preliminary Plat When: 1991-1992 Proqress Land Company, Inc. Fee CNners Signature 2/25/95 Date 'mrs SECI'ION '10 BE FILLED IN BY 'mE PL.ANNm; DIRrX:TOR PLANNm; <DMMISSION CITY OXJR:IL CDNDITIOOS: APPROlED DENIED APPROVED _DENIED DATE OF HEARm:; DATE OF HEARm:; Signature of the Planning Director Date Minutes of the ~rior Lake City Council June 1, 1992 A short recess was called. The meeting reconvened at 8:25 p.m. The next order of business was: Second Consideration of Preliminary Plat Approval of Carriage Hills. City Manager Unmacht reviewed the results of the May 18 meeting at which time Council requested the developer to study and consider a redesign of the western portion of the development to eliminate the long, straight streets and to consider other aspects of the subdivision which neighbors and Council discussed at the meeting. Unmacht then outlined the procedure to be followed during the hearing. Developer, Warren Israelson, presented a sketch of the redesigned plat and explained the changes which included three additional cUl-de-sacs, on'. 1I10re access to the park, proposed sidewalks and brick pavers t\. the park entrances. City PJ.anner Graser addressed the Counc1l and explained that the major issues and primary concerns of the long streets, landscaping and berm treatment of the easements along CR 21, park access, parkland dedication, wetl.'!nd treatment and density issues had been addressed satisfactorily to staff. Graser also stated that the Metro~olitan Community Development Committee of the Metropolitan Counc11 voted to recommend approval of Prior Lake's Comprehensive Plan Amendment. The following residents spoke on the issue, directed questions to staff, and complimented the developer on the redesign: Bob Cavill 14909 Manitou Road Carl Hanson 4065 Raspberry Ridge (*Carl Hanson distributed a copy of the Raspberry Subdivision covenants for Council's information.) Maryanne K. Whiting 14897 Manitou Road Ridge CQ/l/u.af} e IILliA fJ It.w.m 'P.lat Extensive discussion occurred on the placement of sidewaJ.ks and brick pavers, drainage, access to undeveloped land and trailways to the parks. Extensive discussion occurred on the Wetland Management Act and the Metropolitan Council Review Process. Further discussion occurred on the Comprehensive Plan and zoning .J'": concepts. A re9Uest was made on behalf of the residents by I~~~r Mar~anne K. Whit1ng that the City consider implementinq an \~~~,~, env1ronmental task force and hold town meetinqs on the -"\\''"\ ~"". r Comprehensive Plan in order to obtain citizen input. \~~,: fN;\J MOTION MADE BY FITZGERALD, SECONDED BY Kl:DROWSIa, TO APPROVE TTHHEE ~4~ ~ \ PRELIMINARY PLAT OF CARRIAGE HILLS SUBDIVISION SUBJECT TO ~~ FOLLOWING CONDITIONS: ~~ge < ~ ( 1. All utility and grading plar~s be acceptable to the City Eng ineer . . All outlots be dedicated to the City. The wetlands mitigation plans be acceptable to the City Engineer. Three road medians be include~ in the sou~~erly east/west roadway in the plat to be paid for by the applicant and incorporatinq brick pavers. 2. 3 . 4. 4 _ ~ ... ~_.......;.... ~..:....;.. ~..... ,.;-:,;. ...;....:;.-~..,:.. ':;".;;-;;;-;';" ;;~=--='.;:;:';':-;:!;:::'.""..:.:.~;'-= .',. ~"'.,: f...... , ...,It.;" -Ip_. ".. ,:" :-.--, '~.JI'. ~.~., ......r., "or _" . . . ~'_... . ..'I, . . __ - .. ..__. . ~ ~ .. r.f ... -~"'... .,.-.-..-..........-......................-.. ..........-...-............. ~....~.......&.- ............. "'"=""'--,,.,-............., ."- --,-"""'f Minutes of the Prior Lake City council June 1, 1992 t.~. A sidewalk to be included on the hvrth side C1f tne most southerly east/west roadway in the plat to be paid for by the developer. 6. The applicant receive all necessary state agency permits. 7. A planting plan acceptable to staf~ be submitted to screen the lots in the northwest part of the plat from County Road 21. The plantinq plan will be ~mplemented via the Prior Lake developer's agreement. In the event County Road 21 ha.s not been upqraded when the phtlae of development occurs which includes the lots in the northwest part of the ~lat, then the estimated cost of landscaping shall be placed in escrow. The p~anting plan shall be implemented shortly after the roadway is implementc~. 8. That brick pave~s be introduced where trails cross streets and at all park entrances. Further discussion' occurred regarding sidewalks on the north/south collector street. Mr. Israelson commented on this issue. Planner Graser discussed the criteria for the establishment of ~idewalks and recommende~ ~rosswalks delineated by brick pavers at all intersec~ions instead of a sidewalk on the north/south street. Councilm~er Fitzgerald re9Uested that prior to anO~ler subdivision re~est for considerat~on, th~t the City Council have clear guidelines with respect to the location of sidewalks. Council concurred. city Manager Unm3cht asked for a clarification as to the placement of the brick pavers in Carriage Hills. . . Upon a vote taken, ayes by Andren, Fi~zgerald, Kedrowski, and White, the motion passed unanimously. Scott A short recess was called. The meeting was reconvened at 10~15 p.~. The following topics were discu~sel~: A short discussion occur.. r~ on ~'1e status of the c.;J..ole television fr~nchise trans:.. 00:_ 'p:'"ocess in the City of Savage. HPA 's $1.00 HUD Program council directed City Manager HUO Unmacht to check with Bill Jaffa to find out whether this program will allow homes to be removed from the tax rolls. Aerial survey of the lake by the DNR to spot eurasian &ut.C1A.i.an. milfoil. Staff reported that the DNR will conduct an aerial M1~tcLL survey with infrared detection cameras. This method is expected to produce a clearer picture as to the extent 01 milfoil infestation in the lake. 5 CONTRACT FOR DEVELOPMENT OF LAND IN THE CITY OF PRIOR LAKE, MINNESOTA THIS AGREEMENT, made and entered into as of the 21st day of August, 1995, by and between the City of Prior Lake, a municipal corporation organized under the laws of the State of Minnesota and Progress Land Company, Inc., a Minnesota corporation. WI1NESSETH TIIA T: 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, Minneso~ and WHEREAS, Developer desires to develop the Property; and WHEREAS, Developer has made application to City Council for approval of the plat of the Property; and WHEREAS, the City has granted preliminary plat approval and fmal plat approval to Carriage Hills Fourth Addition on the condition that, among other things, Developer enter into this Agreement to provide for installation of Developer improvements and all other improvements hereafter described all on the tenns and conditions hereafter set forth. NOW, THEREFORE, in consideration of these premises and of the mutual promises and conditions hereinafter contained, it is hereby agreed as follows: 1. DEFINITIONS: RULES OF INTERPRETATION AND EXHTRITS. In this agreement the following tenns shall have the following respective meanings unless the context hereof clearly requires otherwise: a. "Agreement" means this Contract for Development of Land in the City of Prior Lake, Minneso~ by and between City and Developer Progress Land Company, Inc., as the same may be from time to time modified, amended or supplemented. b. "Cash Escrow Deposif' means a cash deposit with the City Finance Director in the amount of S!LQ.O. (125% of Cost of Developers Improvements). c. "City" means the City of Prior Lake, a governmental subdivision of the State of Minnesota. d. "City Attorney" means the City Attorney of the City of Prior Lake. e. "City Council" means the Prior Lake City Council. f. "City Engineer" means the City Engineer of the City of Prior Lake. g. "City Finance Director" means the City Finance Director of the City of Prior Lake. ,. . h. "Cost of Developer Improvements" means the cost of Developer Improvements as estimated by the City Engineer on Exhibit A in the City Engineer's sole and absolute discretion. i. "Developer" means Progress Land Company, Inc. its successors and assigns. j. "Developer's Installed and Financed Improvements" means the construction work to be performed by Developer on the Property including, but not limited to, the trees, grading, topsoil and sodding, sidewalks and driveways, curb-stop adjustments, street lighting, streets, curb and gutter, water supply, sanitary sewer, storm sewer/storm water improvements, drainage, Permanent Street Improvements and Traffic Signing Improvements to be performed, installed or constructed upon the Property pursuant to this Agreement, the plans, specifications, drawings and related documents, and in accordance with the policies and ordinances of the City as City may adopt from time to time. k. "Event of Default" shall mean whenever it is used in this Agreement anyone or more of the following events: (I) failure by Developer to timely pay all real property taxes assessed with ,respect to the Property; (ii) failure to construct the Developer's Improvements pursuant to the terms, conditions and limitations of this Agreement; (iii) failure by Developer to observe or perform any covenant, condition, obligation or agreement on its part to be observed or performed under this Agreement; (iv) transfer of any interest in Developer or (v) failure to correct warranty deficiencies; (vi) failure by Developer to timely pay all contractors, subcontractors and matenal suppliers for the Development Improvements; or (vii) if the term of the Letter of Credit and/or the PerformanceIW arranty Bond will expire prior to the expiration of the Warranty Period, the failure by Developer to replace the Letter of Credit and/or renew the PerformanceIWarranty Bond at least fifteen (15) days prior to its expiration. 1. "First Completion Date" means December 1, 1995. m. "Second Completion Date" means July 1, 1996. n. "Letter of Credif' means an irrevocable letter of credit in the amount of $303,276.00 (125% of Cost of Improvements) in the form of Exhibit B. o. "Including" means including, but not limited to. p. "PerformanceJWarranty Bond" means a PerformanceIWarranty Bond in the form of Exhibit G in an amount as specified by the City Engineer. q. "Permanent Street Improvements" means permanent street surfacing in accordance with the policies and ordinances of City as City may adopt from time to time. r. "Policy for Private Development Projects" means the policy for such projects adopted by the City Council as may be amended the current policy of which is attached as Exhibit F. s. "Property" means the real property, together with improvemen,ts, if any, described in Exhibit C. r 2 t "Registered Professional Engineer" means a person currently licensed in Civil Engineering with the Minnesota State Board of Registration for Architects, Engineers, and Land Surveyors. u. "Sewer and Water Improvements" means sanitary sewer and water laterals or extensions including all necessary building services in accordance with the policies and ordinances of City as City may adopt from time to time. v. "Storm Sewer Improvements" means stonn sewers, catch basins, inlets and other appurtenances when determined to be necessary by City Engineer in accordance with the policies and ordinances of City as City may adopt from time to time. w. "Street Improvements" means street grading, graveling, and stabilizing including construction of boulevards and turf establishment in accordance with policies and ordinances of City as City may adopt from time to time. X. "Subdivision" means the division of a parcel of land into two or more lots or parcels by any ., means including platting, registered land survey and conveyance by metes and bounds. Where appropriate to the context, "subdivision" shall relate to the process of subdividing or to the land to be subdivided. y. ''Traffic Signing Improvements" means standard street name signs at all newly opened intersections and such other traffic control signs within the Subdivision detennined to be necessary by City Engineer in accordance with the policies and ordinances of City as City may adopt from time to time. z. "Unavoidable Delay" means Acts of God, casualties, war, civil commotion, embargo, riots, utilities, energy or fuels, litigation in regard to the Subdivision by third parties, failure after diligent effort to obtain required environment or other approvals, authorization or permits, any acts or omissions of any governmental authority with jurisdiction, (other than the City), and all other causes of events which are beyond Developer's or City's control. aa. "Construction Inspection of Developer Projects" means the inspection of Developer's Installed and Financed Improvements by City Engineering Personnel or by Consultant Engineers hired by the City, the costs of which are to be either reimbursed to the City by the Developer or paid directly to consultant by the Developer, as the case may be. The costs of inspection of grading and erosion control improvements by the City or by the City's Consultant Engineers are to be reimbursed also by the Developer. This agreement 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 Agreement as a whole rather than to any particular section or subdivision hereof. Reference herein to any particular section or subsection hereof are to the section or subsection of the Agreement as originally executed. Any titles of the several parts, articles and sections of this Agreement are inserted for convenience of reference only and shall be disregarded if construing or interpreting any of its provisions. ~ . . 3 The following exhibits are attached hereto and by reference made a part of this Agreement. Exhibit A - Cost of Developer Improvements Exhibit B - Letter of Credit Exhibit C - Property Identification Exhibit D - Developer and City Cost Summary Exhibit E - Special Conditions Exhibit F - Policy for Private Development Projects Exhibit G - Perfonnance/W arranty Bond Exhibit H - Residential Street Lighting Policy 2. DEVELOPER IMPROVEMENTS Developer shall construct and install, at Developer's expense (except as hereinafter provided), the Developer Improvements, in accordance with the terms of this Agreement, the policies and ordinances of the City, as City may adopt from time to time, and all local, state and federal laws and regulations (including, but not limited to, environmental, zoning, building code and public health laws and regulations) and according to the plans, specifications, drawings and related documents submitted to and approved by City Engineer for the Subdivision prior to commencement of any construction and final plat approval, and shall timely pay all contractors, subcontractors, and suppliers/materialmen for the Developer Improvements. The plans, specifications, drawings and related documents shall be prepared by a Registered Professional Engineer subject to review and written approval by City Engineer. Changes in plans, specifications, drawings and related documents will only be permitted if the revised plans, specifications, drawings and related documents are submitted to and approved in writing by City Engineer prior to making any of the contemplated changes. Prior to construction of the Developer Improvements, Developer shall provide an executed copy of any contract entered into by Developer with a third party for the installation of the Developer's Installed and Financed Improvements. On or before the date hereof: Developer shall pay to the City a fee equal to-.ili of the estimated developer project cost as determined by the City Engineer to cover the costs of City in preparing and administering this Agreement. On or before the date hereof, Developer shall furnish to the City the Letter of Credit or Cash Escrow Deposit at City's sole option. Bituminous Base Street Improvements, Storm Sewer Improvements, Sanitary Sewer Improvements and Watermain Improvements shall be completed by the First Completion Date. Permanent Street Improvements and Traffic Signing Improvements and all other Developer Improvements as per plans and specifications shall be completed by the Second Completion Date. Noncompliance with either the First Completion Date or the Second Completion Date will cause th~ Letter of Credit or Cash 4 Escrow Deposit to be called on, unless an extension of time is granted by City Engineer in his sole and absolute discretion. The city, either utilizing the City's Engineering Department Personnel or the City's Consultant Engineering Personnel, shall inspect the Developer Installed Improvements in accordance with the policy for private development projects adopted by the City. Inspection services by the City shall include: A. Inspection of public improvement systems which include grading, sanitary sewer, watermain, storm sewer/ponding and street system. B. Documentation of construction work and all testing of improvements. C. As-built location dimensions for sanitary sewer, watermain, and storm sewer facilities. D. Coordination with testing company for soil and material testing and actual material testing costs as performed by City consultants or City staff. The Developer's Engineer shall provide all other construction services including, but not limited to: A. Construction surveying. B. As-built drawings of development improvements (Tie dimensions to sewer and water services from City staff or City consultant). C. Construction quantities. D. Change orders. E. Construction administration of project. F. Construction payment vouchers. G. Project Testing - The developer is responsible through its testing company at the developer's cost to provide testing to certify that the project was completed in compliance with the approved plans and specifications. The personnel perfonning the testing shall be certified by the Minnesota Department of Transportation or have equivalent certification. The City Engineer may require additional testing if in his opinion adequate testing is not being performed. The cost of additional testing to be paid by the developer. All construction inspection service charges for City Engineer personnel or City Consulting Engineering personnel fees shall be paid by the Developer to the City and/or directly to City Consulting Engineer within twenty (20) days from the date of receipt of invoices for. such services from the City all in accordance with the Policy for private development projects. Failure to pay said invoice charges within said twenty (20) day payment period, may cause the City to draw down on the Letter of Credit in the full amount of said invoices, at the sole and absolute discretion of the City, without notice to Developer. ,. ~ 5 In the event there are sufficient funds available in the Letter of Credit to reimburse the City for such inspection service charges as well as to maintain a sufficient sum of money to secure Developer's guaranty, then the City shall have the right to deny building permits or occupancy permits to the Property until such time as said charges have been paid in full or the Letter of Credit amounts have been increased to at least the amount of such inspection service charges together with the sums necessary to secure the Developer's guaranty. 3. DEVELOPER REPRESENTATIONS Developer represents and warrants that neither the execution and delivery of this Agreement, the consummation of the transactions contemplated hereby, nor the fulfillment of or a compliance with the terms and conditions of this Agreement is prevented or limited by, or in conflict with or will result in breach ot: the terms, conditions or provisions of any restriction of Developer, or evidence of indebtedness, agreement 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. Developer further represents and warrants that Developer will cooperate with City with respect to any litigation commenced with respect to the Property or Developer Improvements. Developer represents and warrants that the Developer Improvements will conform to all laws, - regulations and ordinances of all local, state and federal government authorities. 4. OVERSIZING City and Developer agree that the Developer Improvements should be oversized for the benefit of future development. City and Developer agree that the cost of system oversizing to be reimbursed to the Developer is SOJlO based upon an estimate as determined by the City Engineer. Developer shall pay City upon demand the Trunk Oversizing Costs per the schedule outlined in the City's Assessment Policy. These rates are as follows: S & W Acreage S3,SOO.OO/net acre Trunk Stonn Sewer (Res.) S O.168/net sq. ft. Collector Street Fee SI,SOO.OO/net acre Developer waives any and all claims, assertions, causes of action, in law or in equity, as to the costs and/or determination of said oversizing allocated to Developer, calculations and/or determinations of them, as made by or on behalf of City or all "oversizing" requirements of Developer as may be specified and contained in this Agreement or attachments hereto. The parties acknowledge and agree that the fees and costs allocated to City and Developer, -as set forth herein and any exhibits hereto, may be based upon estimated costs made by or on behalf of City. However, the cost of the oversizing, as estimated by or on behalf of City, is binding upon City and Developer. 5. INSURANCE On or before the date hereof: Developer and its contractors shall procure and maintain or cause to be maintained during the term hereof, at its sole cost and expense, the following types of insurance in the amounts specified and in the form provided for below;' . 6 -----------------_.~---_._--"'"-_.."----------' Comprehensive general public liability insurance against claims for bodily injury, death or property damage occurring upon or in the Property and. the improvements, such insurance to afford protection to a combined single limit of not less than $2 000 000.00 with respect to death or injury to anyone or more persons and $1 000 000 00 with respect to property damage. Insurance term shall expire at the conclusion of the warranty period. Workers compensation insurance, with statutory coverage. Such other insurance in such amounts as is customarily carried by like organizations engaged in like activities of comparable size and liability exposure. The policies of insurance required hereunder shall be taken out and maintained with responsible insurance companies licensed to transact business in the State of Minnesota. Certificates evidencing such insurance shall be furnished to City upon commencement of construction of Developer's Improvements. Each policy shall contain a provision that the insurer shall give not less than thirty (30) days advance written notice to City in the event of cancellation of the policy, non-renewal or changes affecting the coverage thereunder. City shall be named as an additional named insured under all policies required to be maintained by Developer and executed copies of all such policies of insurance or certificates thereof shall be delivered to City promptly upon their issuance and thereafter until thirty (30) days prior to the expiration of the term of each such policy. As often as any such policy shall expire or terminate, renewal or additional policies shall be procured and maintained by Developer in like manner and to like extent. 6. STREET MAINTENANCE DURING CONSTRUCTION Developer shall be responsible for all street maintenance until the Subdivision is accepted by the City. Warning signs 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. Developer shall be responsible for keeping streets within and without the Subdivision swept clean of dirt and debris that may spill or wash onto the streets. The Developer shall daily clean streets of dirt and debris which has resulted from construction work by the Developer and its agents or assigns. 7. ACCEPTANCE OF SUBDIVISION AND DEVELOPER IMPROVEMENTS City will accept the Subdivision after it has been completed in accordance with the provisions of this Agreement, the policies and ordinances of City as City may adopt from time to time, and all local, state and federal laws and regulations. Developer shall furnish certificates of completion for the completed Subdivision certifying that the work has been completed in accordance with the terms of this Agreement and shall also furnish mylar "as-built" reproducibles for all phases of construction included in this Agreement. Prior to acceptance of the completed Subdivision by the City Engineer, Developer must furnish to City a Letter of Credit guaranteeing satisfactory performance of the Developer Improvements in an amount equal to ~ of the original cost of the Developer Improvements. The 25% Letter of Credit guarantee amount can be reduced upon the following conditions: . , . ~ 7 A. The Letter of Credit guaranteeing satisfactory performance of the Developer Improvements can be reduced to 5% of the original cost of the Developer Improvements to be completed by the First Completion Date plus 125% of the original cost of Developer Improvements to be completed by the Second Completion Date, after acceptance of all Developer Improvements to be completed by the First Completion Date by the City Engineer in writing, and by providing the City a Performance/Warranty Bond from the Developer and its contractors in an amount equal to the cost of the Developer Improvements to be completed by the First Completion Date. All punch list items related to the First Completion Date must be completed before a reduction in security will be considered. B. The Letter of Credit guaranteeing satisfactory performance of the Developer Improvements can be reduced to 5% of the original cost of the Developer Improvements after acceptance of all Developer Improvements by the City Engineer in writing and by providing the City a PerformancelW arranty Bond from the Developer and its contractors in an amount equal to the original cost of the improvements which shall be in force for one (1) year (the "Warranty Period") following acceptance of all required improvements and shall guarantee satisfactory performance of such improvements. The Warranty Period shall begin effective the date that the City Engineer accepts all of the completed improvements, in writing, including the mylar "as-built" reproducibles for all phases of construction included in this Agreement. 8. RELEASE. HOLD HARMLESS Developer releases from and covenants and agrees that City and the governing body members, officers, agents, servants and employees thereof (hereinafter for purposes of this 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 or Developer Improvements. 9. DEFAULT Whenever an Event of Default occurs, City may take anyone or more of the following actions without notification: a. City may suspend its performance under the Agreement. b. City may cancel and rescind this Agreement. c. City may draw upon and/or bring an action upon any guaranty, the Cash Escrow Deposit and/or Letter of Credit, the Construction Inspection Cash Escrow Deposit, the Performance/Warranty Bond provided to City pursuant to any of the terms of this Agreement according to their terms. d. City may take whatever action, including legal or administrative action, which may appear necessary or desirable to City to collect any payments due under this Agreement or to enforce performance and observance of any obligation,~ agreement or covenant of Developer under this Agreement. 8 e. City may suspend issuance of Building Permits and/or Occupancy Permits on Developer's lots. 10. NON-DISCRIMINATION The provisions of Minnesota Statutes, Section 181.59, and of Chapter 11, Title 1 of the Prior Lake City Code as may be modified, which relate to civil rights and discrimination and affumative action shall be considered a part of this Agreement as though wholly set forth herein, and Developer agrees to comply therewith. 11. ASSIGNMENT Developer represents and agrees for 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 Agreement or in Developer without the prior written approval of the City. 12. GENERAL The terms and provIsIons hereof be binding upon and inure to the benefit of the heirs, representatives, successors and assigns of the parties hereto and shall be binding upon all future owners of any or any part of the Subdivision and shall be deemed covenants running with the land. If there be more than one developer, references herein to Developer shall mean each and all of them. This Agreement, at the option of City, shall be placed of record so as to give notice hereto to subsequent purchasers and encumbrances of all or any part of the Subdivision. All recording fees, if any, shall be paid by the Developer. Whenever in this Agreement is shall be required or permitted that notice or demand be given or served by either party to this Agreement to or on the other party, such notice shall be delivered personally or mailed by United States mail to the addresses hereinafter set forth, by certified mail (return receipt requested). Such notice or demand shall be deemed timely given when delivered personally or when deposited in the mail in accordance with the above. The address of the parties are as follows, until changed by notice given as above: If to City: City Engineer City of Prior Lake 16200 Eagle Creek Avenue S.E. Prior Lake, MN 55372 With a copy to: Glenn R. Kessel Lommen, Nelson, Cole & Stageberg, P .A. 1800 IDS Center 80th South 8th Street Minneapolis, MN 55402 If to Developer: Progress Land Company, Inc. 14300 Nicollet Court, Suite 335 Bumsville, Minnesota 55306 ,. ~ 9 Where this Agreement or any provision hereof makes the time of performance subject to Unavoidable Delay, the time or times for such performance shall be extended for the period of such Unavoidable Delay, provided, that the parties seeking the benefit of the provisions of this section shall, within five (5) days after the beginning of any such Unavoidable Delay, have first notified the other party thereof in writing, and of the cause or causes thereof, and requested an extension for the period of such delay. This Agreement 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 Agreement. Failure of either party at any time to require performance of any provision of this Agreement shall not affect its right to require full performance thereof at any time thereafter and the waiver by either party 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. This Agreement may be simultaneously executed in several counterparts, each of which shall be an original and all of which shall constitute one and the same instnlment. 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 agreement 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. Developer agrees to hold hannless, indemnify and defend City and its employees against any claims or actions brought as a result of Developer's performance under this Agreement or as a result of alleged actions or omissions on the part of Developer, its employees or agents. IN WITNESS WHEREOF, City and Developer have caused this Agreement to be duly executed on the day and year first above written. Approved by the City Council on the 1th day of AUiust, 1995. By Glenn R. Kessel DEVELOPER: ::1~J:1Jr,mc. Its President APPROVED AS TO FORM: CITY OF PRIOR LAKE: By Its Mayor By By Its City Manager . . I [This Agreement must be signed by all parties having an interest in the Property.] 10 NOTE TO DEVELOPERS: The costs whether a bid or estimate, as set forth in the Developer's Agreement are fixed. There is no reimbursement to the City by the Developer for cost underruns or to the Developer by the City for cost overruns. DEVELOPER: PROGRESS LAND COMPANY, INC. v-JiL By: ufJ/(K.€tJ j. r JRfl~Ufl"'; / ~tee. CITY OF PRIOR LAKE: Frank Boyles, City Manager Its: Lydia Andren, Mayor ,. , 11 STATE OF MINNESOTA} }ss: COUNTY OF SCOTT } On the day of , 19_, before me, a Notary Public, with and for said County personally appeared Lydia Andren 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} }ss: COUNTY OF SCOTT } The foregoing instrument was acknowledged before me this I '-! T >> day of ~U(,- . , 1995, by WQ~{2l~::r... ,~,~*-'::t)V and by pPe:,t ~fV I and Ink. a Minnesota Corporation, on behalf of said corporation. -/lJJJJ1./~W> · Notary Public I , who are the _ of Pro~ss Land Company, e....-~: . .- ;," .~. RICHARD N. WRIGHT JA. NOT AFlY PUBLIC - MINNESOTA SCOTT COUNTY ','Y COMM EXPIFlES 1.3'.2000 ,.. ~ , EXHIBIT A, -.-.1. .. ENGINEERS ESTIMATE FOR CARRIAGE HILLS FOURTH ADDITION SANITARY SEWER CONSTRUCTION Est .Item Description Unit Quan A-l A-2 A-3 A-4 A-5 A-6 A-7 A-8 Conn to Ex. 8" PVC Each 71 702 515 173 284 174 Unit Amount 2 $400.00 $12.00 $12.00 $12.00 $14.00 $16.00 $18.00 Amount $800.00 $852.00 $8,424.00 $6,180.00 $2,422.00 $4,544.00 $3,132.00 10 $1,180.00 $11,800.00 36 $65.00 $2,340.00 40 $50.00 $2,000.00 1473 $6.35 $9,353.55. 500 $4.50 $2,250.00 100 $7.00 $700.00 Total Sanitary Sewer Amount Conn. to Ex. 8" DIP Each 8" DIP Watermain L.F. (all depths) 6" DIP Watermain L.F. (all depths) 1" Copper L.F. 1" Corp, Cb St & Box Each 8" Valve & Box Each 6" Val ve & Box Each Hydrant, 6" Valve & Box Each Fittings for DIP Lb. Total Watermain Amount WATERMAIN CONSTRUCTION Est Item Description Unit Quan 8" PVC 0-8' Deep 8-10' Deep 10-12' Deep 12-14' Deep 14-16' Deep 16-18' Deep Std MH 0-8' Deep Extra MH Depth L.F. L.F. L.F. L.F. L.F. L.F. Each L.F. B-1 B-2 B-3 B-4 B-5 B-6 B-7 B-8 B-9 8" X 4" PVC Wye Each 4" PVC Service Pipe (Schedule 40) Sand Bedding Crushed Rock L.F. Ton Ton Unit Amount $54,797.55 Amount 3 $375.00 $1,125.00 2205 $15.00 $33,075.00 260 $13.00 $3,380.00 1405 $6.85 $9,624.25 40 $85.00 $3,400.00 3 $475.00 $I, 4-2.5'.00 1 $375.00 $375.00 6 $1,400.00 $8,400.00 2270 $1.00 $2,279.00 ," ~ $63,074.25 C-1 C-2 C-3 C-4 c-5 c-6 c-7 C-8 C-9 C-10 D-l D-2 D-3 D-4 EXHIBIT A STORM SEWER CONSTRUCTION Cut into Ex CBMH Each 1 12" RcP Cl 5, 0-8' Deep 8-~0' Deep 10-12' Deep 12-14' Deep 14-16' Deep 16-18' Deep 18-20' Deep 20-22' Deep L.F. L.F. L.F. L.F. L.F. L.F. L.F. L.F. Std 48" MHCB 0-8' Deep Each Extra MH Depth L.F. Std 2'X 3' CB 0-8' Deep Each 12" Flared End W/Trash GuEach Grouted Riprap Cu Yd Remove Ex 15" F.E. & Bulkhead Ends of Ex 15" 6' Spruce Tree Clear & Grub Each Each Lump 685 ~9 18 23 31 41 102 20 Total Storm Sewer Amount PAVING CONSTRUCTION 2.5" 2331 Bit. Base Ton 1060 1.5" 2341 Bit. Wear (Incl. Tack Coat) Subgrade Preparation Ton 6" 100% Crushed Rock Base Ton Lump D-5 "S" Type Curb & Gutter D-6 B618 Curb & Gutter D-7 51 Concrete Sidewalk D-8 8' Bit Trail D-9 Adjust CB D-10 Adjust MH D-11 Adjust VB L.F. L.F. S.F. L.F. Each Each Each $500.00 $20.00 $22.00 $24.00 $27.00 $30.00 $34.00 $38.00 $43.00 4 $1,180.00 6 $85.00 1 $950.00 2 $725.00 $100.00 $500.00 $13,700.00 $4~8.00 $432.00 $621.00 $930.00 $1,394.00 $3,876.00 $860.00 $4,720.00 $510.00 $950.00 $1,450.00 $200.00 $500.00 $600.00 $1,500.00 $33,161.00 $20.50 $21,730.00 640 $23.25 $14,880.00 1 $3,000.00 $3,000.00 3000 3940 125 6220 200 10 Total Paving Amount Total Project Amount 2 1 $500.00 6 $100.00 1 $1,500.00 $6.35 $19,050.00 $4.60 $18,124.00 $5.40 $675.00 $1.45 $9,019.00 $10.00 $2,000.00 $100.00 $300.00 $225.00 $2,2Sp.00 $140.00 $560.00 $91,588.00 3 4 ,. ~ $242,620.80 EXHIBIT A lil~' i :.24,. 1 ':j\::~ ~8;5b 1:.12-435-311':1 PROGRESS LAND CO. Pr:.GE tL.: CARRIAGE HILLS FOURTH ADDITION LOT AREAS GROSS LOT GROSS LOT LOT BLOCK AREA WIDTH LOT BLOCK AREA WIDTH 1 1 12,017 98.12 ~ 2 12,269 96.00 2 1 10,250 82.00 2 2 10,757 86.00 3 1 10,257 82.05 3 2 10,761 86.00 4 1 11,998 86.19 4 2 11,251 87.40 5 1 12,279 89.25 5 2 ~3,S47 91.38 6 1 12,336 96.14 6 2 12,021 97.00 1 1 ~0,246 89.37 7 2 10,085 80.05 8 1 10,800 80.00 9 1 10,634 80.00 ~ 4 1.3,588 90.99 10 1 12,749 80.34 2 4 15,634 97.00 11 1 10,861 80.06 3 4 14,268 96.00 12 1 10,885 80.00 4 4 16,585 96.32 5 4 1~,499 97.31 1 "3 15,446 84.00 2 3 17,668 112.13 1 5 12,900 86.00 3 3 1.3.060 114.99 2 5 12,900 86.00 4 3 14,620 84.00 3 5 12,307 96.00 5 3 11,717 84.01 4 5 12,152 86.13 6 3 12,213 96.55 5 5 12,830 86.01 7 3 10,073 100.44 8 3 10,088 89.68 I 9 3 12,749 80.00 I 10 3 14.619 80.00 11 3 .tS, 109 80.00 12 3 16,088 80.27 TOTAL GROSS LOT AREA 514,116 AVE LOT AREA 12,539 EASEMENT 1 3 3,570 11 3 2,985 12 3 6,404 TOTAL 12,959 TOTAL NET LOT AREA 501,157 ,.. ~ EXHIBIT B No. DATE: TO: City of Prior Lake 16200 Eagle Creek A venue SE Prior Lake, Minnesota 55372 Dear Sir or Madam: We open Irrevocable Standby Letter of Credit No. (Spell out dollar amount 00/11 USDLRS) in the amount ofUSD $ In favor of yourselves, FOR THE ACCOUNT OF: Individual Name for Name of Development Developer's Address Expires: ( date) at our counters. This is a clean Letter of Credit available against drafts drawn at sight on {Bank Name) (address) Minnesota bearing the clause: Drawn under Standby Letter of Credit Number _ of (bank name) accompanied by this original Letter of Credit for endorsement. SPECIAL CONDmON(S): 1. Drafts must purportedly be signed by the Mayor or the City Manager of the City of Prior Lake. 2. This letter of Credit is automatically renewable without amendment for an additional one year period from the present expiration date, unless (90) ninety days prior to said expiration date we shall notify you in writing, by Registered Mail, that we have elected not to renew this Letter of Credit. But in no event shall the expiration date extend beyond (date) Payment will be made at the counters of (bank name) Minnesota. This credit is subject to the Uniform Customs and Practice for Documentary Credits (1983 Revision) International Chamber of Commerce Publication No. 400. Unless otherwise stated, all documents are to be forwarded to us by mail, or hand delivered to our customers. Documents to be directed to: (aank name and address) We hereby engage with drawers and/or bona fide holders that drafts drawn and negotiated in conformity with the terms of this credit will be duly honored upon presentation. (Bank name) Authorized Signature Authorized Signature , . ~ ____.~"-__.-.".-4... o t- - m - :I: >< W .... ' z \.) - I- - o ~ <t ::c f- 0:: :::) o tJ.. (f) ...J ...J - :r: . !~ I. ;! ~i I 1 'I J I , 1 I I ) I I 'I I J I J 1 , t ) , J , I i I I J I I ( ! I I ~ t I I J = t I I oS · I I I 1 .. I I <<.. I I ! 1 . 11 I I ; 1 t , :f I fl II ~ I. J i P f. .. I I t,... I 11 J V f I I t i J! 1 1 I H: ~ ~ H! ~ J ij-! f I s .L ,. I tl J J ] I I A . i ! :I !, ., . . p !J I, :--~ I ,.. ~~; .... l~ i2': <. U ! !If I I Hi ". ,n I-- Iii tal ; 1. I.'" Ui p, IIJ I,. ';1 u, if I . I}!: i , " Iii · IJ I ~ irllt! II II i I In ') it f I,', 'H ;l :~ I , 'I i Ii II 1i 11 'I. IJ ; 'I f I 'J I ! Ii I iJ~ 'II If'" I. r . ; : f JU II' HII II I' i !.1 n t I ii :UJ .1 '-H i 'j ihs I ;i Hi: a~ '".t: !=r fut ~H ~.;.c ....'"' I ~ I It , t~ a. .- f Hi J . t 'I I I I J I i c I ! ! \ 1 I ! z I I ! I I ! I I 'I I L J II J I . . I I I '! i i , 2 '~ i j \f I :J I, f' 'I ! :~ , 'oJ I I I J i f f I . ! 'I i i i I ! J J i , . I ~ & :j .1 ! ... I I, : I i i: , I ' I I " ! . ,I J! i. h g I 'I ] g ~ ; I c t 1 & ) I i i I I I I It . I f , . I ............ I i I , I . ! ! : ] ! :J .. I .} 'I . i 1 " .1 'I . 2 s ! . I 1 : I I 'I i I i I I I II ! I If J :J .. , i! J Ii I I :i i :j j · II ~ i1 J .. J :1 i H Ii J! 'I i I I 1 i t 1 I J J I I I } 1 , II iJ ,i I :) i Ij J I, :1 I i . 1 t t f i I I I J 1 l 'I t j J I . ..~:::;:: f':;: ~ ---., '.-:., -::.1 . :::.....- ..... 11 ~~!~~~~~~ ,'.:": 3,C'.::~~:,:":~ ~H~~ ~~1'f'..'.. II.'." ~U~i;=:~:; :::: .:::~:::::.: ..... - '. i~ !:. ,. . T!' .. . ~ . . . \.~<~? \ :.~ \; \ ~ is ,2 ~::.., ~I.' . \ '~.1" '1 .. 1~';:I i. f i't.,." ,'. ! :~ ~:;~l . i; 1 .1, ."!: . ':. -t. ro . I.' . ,.1 '.I ., :'~J4. t'J 'I.. ;. .,: .:. . "..' .-. 1 'i'~! !; ~1 I. 4. :: .. '" EXHIBIT D DEVELOPER AND CITY COST SlJMMARY The following is a summary of Developer and City costs for Carriage Hills Fourth Addition. The net area is 501,157 square feet or 11.505 acres. DEVELOPER COSTS 6% Administration Fee Trunk Sewer & Water Fee Storm Water Management Fee Collector Street Fee Traffic Signs DEVELOPER OWES CITYtrOTAL $ $ $ $ $ S 14,557.25 40,267.50 84,194.38 17,257.50 250 00 156,526.63 CITY COSTS Right-Of-Way Greater Than 60 Feet S 0.00 (Collector Street Fund) Sewer & Water Trunk Costs $ 0.00 (Trunk Reserve) Storm Sewer Costs $ 33,161.00 (Trunk Reserve) Trails & Sidewalk Costs $ 2,000.00 (Capital Park Fund) CITY OWES DEVELOPERrrOTAL S 35,161.00 CARRIAGE mT.T .g FOURTH ADDmON The following is an itemization of the project costs: Sanitary Sewer Watennain Storm Sewer Street TOTAL PROJECT COST $ $ $ $ S 54,797.55 63,074.25 33,161.00 91 588 00 242,620.80 ,. . EXHIBIT D DEVELOPER COSTS TOTAL CONSTRUCTION COSTS Determine Amount of Letter of Credit: Total Project Cost is $242,620.80 125% x $242,620.80 Developer Project Administration Fee: Total Project Cost is $242,620.80 $ 6% x $242,620.80 Determine Developer Trunk Sewer and Watermain Fee: $ 11.505 Acres x $3,500/Acre Determine Developer Storm Water Management Fee: Net lot area is 501,157 sq. ft. $0.168/sq. ft. x 501,157 sq. ft. Determine Developer Collector Street Fee: Net lot area is 501,157 sq. ft. or 11.505 Acres $1,500 per Acre x 11.505 Acres Amount Developer owes for Traffic Signs 5 Signs x $50/Sign $ 242,620.~0 $ 303,276.00 14,557.25 40,267.50 $ .84,194.38 $ 17,257.50 $ 250.00 ,. ~ EXHlBIT D CITY COSTS RIGHT-OF-WAY CREDIT No oversizing of ROW was required S 0.00 SEWER & WATER TRUNK CREDIT No' oversizing on the plans S 0.00 STORM SEWER CREDIT Developer's Storm Sewer Cost (from Exhibit A) S 33,161.00 COST OF CITY PARK BITUMINOUS TRAIL AT PARK ENTRANCE The City of Prior Lake has requested the Developer to install the park entrance bituminous trail in Outlot A of Carriage Hills Fourth Addition. The cost of installing approximately 200 lineal feet of trail in the project is as follows: 8' Bike Path through Outlot A of Carriage Hills Fourth Addition 8' Bituminous Trail 200 L.F. @ S101L.F. S 2,000.00 ,. ~ u~wrooa EXHIBIT E SPECIAL CONDITIONS 1. 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 light system until the City accepts the project, at which time the billing shall be transferred to the City. 100 or 150 watt high pressure sodium lights in traditional or cobra-head style (as approved by the City and the utility) shall be the standard for new subdivisions. Where a portion of the development is already lit, new lights shall match in style and wattage those already in place. The Developer shall provide a street light system in accordance with Exhibit H. The street light plan must be acceptable to the City Engineer and in accordance with Exhibit H. 2. The Developer will maintain the temporary and permanent sedimentation basins and erosion control until 90% of the lots in the first addition have turf established. Removal of temporary sedimentation basins may be in conjunction with other projects if acceptable to the City Engineer. The Letter of Credit provided shall be retained in an amount sufficient to restore the temporary sedimentation basins. The amount will be determined by the City Engineer. The Developer is responsible for the cleaning of the ponds prior to acceptance by the City. 3. The Developer is responsible for installing all the lot comers by December 1, 1995. All lot comers shall be set and visible on this date. ,. ~ " EXHIBIT "F" POLICY FOR PRfVATE DEVELOPMENT PROJECTS CONSTRUCrION INSPECTION OF DEVELOPER PROlEcrS AJ.\ID TESTING REQUIREvIE1'ITS It is the policy of the City of Prior Lake that constrUction activity for all private development projects within the city shall be inspected by city staff personnel or city engineering consultant firm. personnel. The construction inspection fee charged to the private development shall be based upon the fee structure outlined in this policy and the actual engineering services completed by the city's Engineering Department or their consultant's representative. CONSTRUCTION INSPECTION ENGINEERING SERVICES FEE STRUCTURE Private development projects shall be financially responsible for the engineering inspection and testing services of the development to the city. The invoices received by the city from engineering consultants performing inspection or material testing work shall be forwarded to the Developer for payment. The Developer shall have twenty (20) days in which to pay the invoice to the consultant firm from the date of receipt of the invoice by the City of Prior Lake. In the event that payment of an invoice is not made within the twenty (20) day period, the city will draw on the Developer.s letter of credit to pay the invoices received from the city"s consultants. The city will adjust the letter of credit amount in a way to maintain 25% of the net construction cost plus the remaining construction cost of the project as determined by the City -Engineer. If city staff is used for construction inspection or testing services. the hourly charge shall be as per the rates established by the city.s Finance Director. CONSTRlJCTION INSPECTION SERVlCES The construction inspection services includes the inspecting of public infrastructure construction relating to the development. The constrUction inspection service shall include: 1. Inspection of public improvement systems which include grading, sanitary sewer. watermain. storm sewer/ponding, and street systems. Grading inspection is for overview of drainage swales and not for detail site grading. 2. Documentation of construction work and all testing of improvements. 3. .-\s-built location dimensions for sanitary sewer, watermain~ and storm 'sewer facilities. 4. Coordination with testing company for soil and material testing and actual material testing costs as performed by city consultants or ,<;ity staff. - All other construction services are to be provided by the developer's engineer which include the following: . . 1. Construction surveying 2. As-built drawings of development improvements (Tie dimensions to sewer and water services from city staff or city consultant) 3. Construction quantities 4. Change Orders S. Construction a(Jrninistration of project 6. Construction payment vouchers EXHIBF.W1n' r "\ I ,I ~ I' ." EXHIBIT G (1) FIRST CO?v1PLETION DATE Bond No. PERFO~'iCE/WARRANTY BOND Kl'lOWN BY ALL PERSONS BY THESE PRESENTS. that we (Principal) and (Surety) are held and firmly bound unto the Ci~ of Prior Lake (Obligee). in the amount of and --" 1 00 dollars ($ ) for payment whereof Principal and Surety jointly and severally bind themselves and their respective heirs. successors.. assigns and legal representatives firmly by these presents. WHERE.~S, Principal has heretofore deposited with the City of Prior Lake. Letters of Credit to guanmty the completion of payment for and maintenance of the public improvements as set forth in the Developer's Agreement dated between Principal and Obligee for including.. but not limited to, Sanit~ Sewer Watermain Stann Sewer and Streets (the Public Improvements); and WHERE.~S. the construction of the Public Improvements associated with the First Completion Date was completed and the Principal received acceptance on and the Principal has requested the Obligee to reduce the Letters of Credit; and ~lHEREAS, the Obligee is willing to reduce the Letters of Credit only if they are replaced by a PerformancelW'arranty Bond in an amount equal to the original cost of the completed improvements. in the penal sum of $ to guaranty performance of the Principal.s obligations as set forth in the Developer's Agreement; NOW, THEREFORE. if the Principal shall for and within the period of time from and after the ActUal First Completion Date and through the acceptance of the subdivision and developer improvements as set forth in the Developers Agreement and through the Warranty Period; (1) maintain the Public Improvements. (2) repair any damage to the Public Improvements caused by the Principal. its agents, servants. employees, successors or assigns. or any subcontractor hired by such contraCtor. (3) repair or replace any defective wortnnan~hip or material in the Public Improvements. and (4) make good and protect the Obligee against the results of any defective workmanship or materials appearing to have been incorporated in any part of the Public Improvements which shall have appeared or been discovered within the period of time after the First Completion Date. and through the acceptance of the subdivision and developer improvements as set forth in the Developers Agreement and through the Warranty Period, and cover all obligations including attorney fees. administrative costs. and all Developer obligations for payment of contractors.. subcontractors and suppliers/materialmen as required by the Developer's Agreement.. then this obligation shall be null and void; otl:~rwise. to remain in full force and effect. "_/ , . For purposes of this Performance/Warrancy BoncL Principal and Surety agree that in the event that any Public Improvements are damagecL the burden shall be on the Principal to show that such damage was not caused by Principal. its agents. servants. employees. successors or assigns or by any contractor hired by Principal. its agents. servants. employees. successors or assigns. or any subcontractor hired by such contractor; Any suit under this Bond must be instituted before the expiration date of two (2) years after the Completion Date; No right of action shall accrue under this Bond to or for the use of any person or corporation other than the Obligee, its successors or legal representatives. AIly notice required hereunder shall be deemed properly served when deposited in the U.S. Mail. certifie~ postage prepaid, addressed to any party at its address hereinafter set forth. SIGNED, SEALED AND DATED this day of 19_. In the presence of: Principal By: Surety By: Attorney-in-Fact EXHaI.EN095 , .. ~ '''! t E~IT G (2) SECOND CO~LETION DATE Bond No. PERFORMANCElWARRANTY BOND KNOWN BY ALL PERSONS BY THESE PRESENTS, that we (Principal) and (Surety) are held and firmly bound unto the Citv of Prior Lake (Obligee), in the amount of and .-! 100 dollars ($ ) for payment whereof Principal and Surety jointly and severally bind themselves and their respective heirs, successors, assigns and legal representatives fumly by these presents. WHEREAS. Principal has heretofore deposited with the City of Prior Lake, Letters of Credit to guaranty the completion of payment for and maintenance of the public improvements as set forth in the Developer's Agreement dated between Principal and Obligee for including, but not limited to, Sanitax:y Sewer Watermain Stann Sewer and Streets (the Public Improvements); and WHERE.AS. the constrUction of the Public Improvements associated with the Second Completion Date was completed and the Principal received Final Acceptance on and the Principal has requested the Obligee to reduce the Letters of Credit; and WHERE..-\S, the Obligee is willing to reduce the Letters of Credit only if they are replaced by a PerformanceI\Vammty Bond in an amount equal to the original cost of the completed improvements, in the penal sum of $ to guaranty performance of the Principal's obligations as set fonh in the Developer's Agreement; NOW, THEREFORE, if the Principal shall for and within the period from and after the acceptance of the subdivision and developer improvements as set forth in the Developers Agreement and through the Warranty Period; (1) maintain the Public Improvements, (2) repair any damage to the Public Improvements caused by the Principal its agents, servants.. employees.. successors or assigns, or any subcontraCtor hired by such contraCtory (3) repair or replace any defective workmanship or material in the Public Improvements, and (4) make good and protect the Obligee against the results of any defective workmanship or materials appearing to have been incorporated in any part of the Public Improvements which shall have appeared or' been discovered within the Warranty PeriocL and cover all obligations including anomey fees. acfmini~trative costs, and all Developer obligations for payment of contractors, subcontractors and suppliers/materialmen as required by the Developer's Agreement, then this .obligation sb.all be null and void; otherwise, to remain in full force and effect. ,. ~ '-, l' ~ to For purposes of this PerformanceIWarranty Bon~ Principal and Surety agree that in the event that my Public Improvements are damagecL the burden shall be on the :Principal to show that, such damage was Dot caused by Principal. its agents. servants. employees. successors or assigns or by any contractor hired by Principal. its agents. servants. employees. successors or assigns. or any subcontractor hired by such contractor; Any suit under this Bond must be instituted before the expiration date of two (1) years after the Completion Date; No right of action shall accrue under this Bond to or for the use of any person or corporation other than the Obligee, its successors or legal representatives. Any notice required hereunder shall be deemed properly served when deposited in the U.S. Mail. certifie~ postage prepai~ addressed to any party at its address hereinafter set forth. SIGNED. SEALED AND DATED this day of 19_. In the presence of: Principal By: Surety By: Attorney-in-Fact !XJiQ.ENCi95 r .,. ."" ~ .. RESIDENTIAl. STREET UGHTlNG POLICY BACKGROUND: The City intends that this street lighting policy promote the safe travel of city streets in a manner both fair and affordable to the City and its residents. ResidentiaJ street lighting promotes pedestrian and traffic safety to the extent that the City shaH approve street lighting where warranted by such concerns. Ughting requests shall come either by recommendation of the City Engineer or by resident petition. The capita! costs of residential street lighting shall be the responsibility of those residents, or any portion of those residents, determined to be affected by the light. NEW SUBDIVISIONS: All lighting plans require approval by the City and the utility responsible for street light operation and maintenance. In new subdivisions street lights shall be placed at intersections, every 300 feet between intersections where intersections are more than 600 feet apart, and at the ends of cul-de-sacs where the distance from said end to the intersection of the cul-de-sac with the street is greater than 300 feet Within their developments, developers shall aJso instaJllights to City standards at the intersections of residential streets with collector streets. The developer shaJl pay the full capitaJ cost of every light to be instaJled; this includes poles, fIXtures, underground wiring, and aH appurtenant work. The developer shall pay operation and maintenance for the light system until the City accepts the project. at which time the billing shall be transferred to the City. 100 or 150 watt high pressure sodium lights in traditional or cobra-head, style (as approved by the City and the utility) shaH be the standard for new subdivisions. Where a portion of the development is aJready lit. new lights shall match in style and wattage those already in place. In cases where developers wish to install more lights than warranted by city policy, or wish to install non-standard lights, monthly operation and maintenance becomes the responsibility of the development's residents through their homeowner's association or similar organization. The City will not take over such non-standard systems, though City approval shall still be required. EXISTING SUBDIVISIONS: Where traffic safety clearly warrants, a street light may be placed upon the recommendation of the City Engineer's office. The basis of suc:, warrants shall be a minimum Average Daily Traffic of 2000 vehicles or a layout such that, in the City Engineer's estimation, significant improvement in safety might be obtained by the placement of a street light Since the benefit of such instaUations extends to the City as a whole, these will be done at City expense. When residents request additionaJ lighting for their neighborhoods. they must do so by petition - signed by 60~~ of the neighbors affected by the proposed light The affected area shail be 100 linear feet on either side of the proposed light, on both sides of the street The phicement of the proposed light shall be specified in the petition. Petitioners shall approach the City prior to circulating their petition to obtain direction as to where street lights are warranted for their neighborhoods. Lights shall be approved only as they meet the following warrants for existing subdivisions: intersections, between intersections at intervals of 300 feet where the distance between intersections is greater than 600 feet. and at the ends of cul-de-sacs where the distance from said end to the intersection of the cul-de-sac with the street is greater than 300 feet. If approved, each street light shall be purchased by the affected residents. Payment shall be made prior to the installation of the light and shall include the cost of poles, fixtures, underground wiring, and an appurtenant work. The method of payment shall be as directed by the City Finance Department The City shall assume operation and maintenance costs for a light from the time it is energized by the utility. In existing developments new lights shall match in style and wattage those already in place. If no lights be currently in place, then 100 or 150 watt high pressure sodium lights in cobra-head or traditional style shaJl be the standard. BSSLAACH Update: 2107/95 , . ~