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HomeMy WebLinkAbout5F - Jeffers Pond 3rd Addn. PUD MEETING DATE: AGENDA #: PREPARED BY: AGENDA ITEM: DISCUSSION: Maintenance Center 17073 Adelmann Street S.E. Prior Lake, Minnesota 55372 CITY COUNCIL AGENDA REPORT SEPTEMBER 18, 2006 SF JANE KANSIER, PLANNING DIRECTOR CONSIDER APPROVAL OF A RESOLUTION APPROVING THE FINAL PUD PLAN FOR JEFFERS POND 3RD ADDITION Introduction Wensmann Realty has filed an application for approval of a final PUD plan for Jeffers Pond 3rd Addition. The third phase of the Jeffers Pond development, to be known as "The Village at Jeffers Pond," includes 4.57 acres located west of CSAH 21, south of Fountain Hills Drive and east of Enclave Court. The original plan called for development of 47 townhouse units; the revised final plan is proposing development of 32 row townhouses, reducing the total units by 15. The final plan also includes a platted lot for the future fire station. Historv On January 18, 2005, the City Council adopted Ordinance #105-03 amending the Zoning Ordinance to designate the entire 336 acres as a Planned Unit Development. The ordinance listed the elements of the PUD as follows: a. The PUD is a mixed-use development consisting of retail space and offices, single family homes, residential condominiums, townhomes, senior apartments, an elementary school site, a fire station site, transit station site, and parks and trails. b. The total number of units on the site will not exceed 693. c. Density within the Shoreland Tiers must be consistent with plans dated January 18, 2005. d. There will be a 50' wide buffer, measured from the Ordinary High Water Elevation, around Jeffers Pond. This buffer will remain undisturbed with the exception of 10' wide trail. e. The elements of the plan will be as shown on the plans dated January 18, 2005, except for modifications approved as part of the final PUD plan. The ordinance also required the following conditions be incorporated into the final plans: a. Maintain a 50' wide buffer around the OHW of Jeffers Pond. With the exception of a 10' trail, this buffer should remain undisturbed. b. No grading or other disturbance may take place within the identified bluff. All structures must meet the minimum bluff setback requirements. c. The developer must provide space to accommodate an 8,000 square foot fire station and at least 20 parking spaces. The specific location for this site will be determined as part of the final plan phase. www.cityofpriorlake.com Phone 952.440.9675 / Fax 952.440.9678 d. The plan must include an active recreation park consisting of at least 4.6 acres of usable, relatively flat upland. e. The developer must provide funds for a future traffic signal. These funds will be escrowed as part of the development contract. f. The overall theme must be refined and incorporated into the final plans. Jeffers Pond 3rd Addition is the third phase of the overall development. The entire Jeffers Pond development is a 336 acre mixed use development. The first phase of the development, constructed in 2005, included lots for 96 sin~le family homes, 67 town homes, the school site and the park. Jeffers Pond 2n Addition included 5.16 acres to be subdivided into lots for 23 single family detached dwellings. The third phase includes lots for 32 townhouses and the future fire station. The Planning Commission considered the final PUD plan at a public hearing on September 11, 2006. The Planning Commission recommended approval of the final PUD plan. Current Circumstances Wensmann Realty, Inc., is proposing a modification to the approved final plan for the third phase of this development. The original plan called for 47 back-to- back townhouse units in 3- to 8-unit buildings in this area, called the Station. Market prices were expected to range from $175,000 to $210,000. The revised plan calls for 32 row townhouse units, and a lot for the future fire station. The proposed townhomes are in 3, 4, and 6-unit buildings. The homes are 2-story walk-out or look-out designs, with attached garages. The average price range is expected to be $200,000 to $240,000. Sample building elevations are attached to this report. A homeowner's association will be established and will be responsible for maintenance of the private street, lawn care, snow removal, and exterior building repairs and maintenance. The revised plan reduces the number of units within this segment of the development by 15, and reduces the total amount of impervious surface. The plan also includes a 1.29 acre parcel which will be deeded to the City for the new fire station site. Streets: One new public street, Station Place, will be dedicated to provide access to the fire station site. This street was originally intended as a private street, but has been changed to a public street since the City will need to maintain it for access to the fire station. The remaining streets will be private. The alignment of these private drives has been slightly revised from the original plan to serve the revised development. The new alignment actually reduces the amount of impervious surface. Parks: The parkland dedication for this development was done as part of the first phase. No additional dedication is required. LandscaDina: The developer has also submitted specific site plans and landscaping plans for the Station. The landscaping plan provides for 33 full size trees, and 18 ornamental trees. This exceeds the minimum required number of trees. The majority of the trees are located along CSAH 21 to provide a landscape barrier between the units and CSAH 21. The others are located along the south boundary, and are scattered in the interior of the development. The front of the units will be landscaped with foundation plantings. The proposed landscaping plan is consistent with the Zoning Ordinance requirements. Other Elements: The final PUD plan also includes a table listing the minimum setbacks, impervious surface, floor areas, and so on. This will enable the staff and the builders to keep track of the impervious surface as it is constructed, and to ensure there is no question about the application of the setbacks. Staff has reviewed the final PUD plan and finds it to be in substantial compliance with the approved preliminary PUD plan. ISSUES: The principal requirement for final PUD plan approval is satisfaction of all the preliminary plan conditions. In this case, all preliminary plan conditions have been satisfied. FINANCIAL IMPACT: Approval of this final PUD plan will allow construction of new dwelling units, which will contribute to the City's tax base. The final PUD plan also provides a lot for a future fire station. This lot will be deeded to the City. ALTERNATIVES: The City Council has the following alternatives: 1. Adopt the resolution approving the final PUD plan for Jeffers Pond 3rd Addition. 2. Deny the resolution approving the final PUD plan. 3. Defer this item and provide staff with specific direction. Staff recommends Alternative #1. RECOMMENDED MOTION: 1. A motion and second to adopt a resolution approving the final PUD plan for Jeffers Pond 3rd Addition. Reviewed by: 16200 Eagle Creek Avenue S.E. Prior Lake, MN 55372-1714 RESOLUTION 06-xx A RESOLUTION TO APPROVE A PLANNED UNIT DEVELOPMENT FINAL PLAN TO BE KNOWN AS JEFFERS POND 3RD ADDITION WHEREAS, WHEREAS, WHEREAS, WHEREAS, WHEREAS, WHEREAS, Motion By: Second By: Wensmann Realty, Inc., has submitted an application for a Planned Unit Development Final Plan to be known as Jeffers Pond 3rd Addition; and The Prior Lake Planning Commission considered the proposed Final PUD Plan on September 11, 2006; and 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 The Prior Lake City Council considered the proposed Final PUD Plan on September 18,2006; and The City Council finds the Final PUD Plan in substantial compliance with the approved Preliminary PUD Plan; and 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 as follows: 1. The recitals set forth above are incorporated herein. 2. 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. PASSED AND ADOPTED THIS 18TH DAY OF SEPTEMBER, 2006. YES NO I HauQen I Dornbush I Erickson I LeMair I Millar HauQen Dornbush Erickson LeMair Millar Frank Boyles, City Manager www.cityofpriorlake.com Phone 952.447.4230 / Fax 952.447.4245 Revised /PUD "The Village at Jeffers Pond" Jeffers Pond 3rd Addition , '~D) U;@IEO \'I) IE~1 " AUG 2 2006 \ ----' By _----.---- August 2, 2006 Developer: Mr. Herb Wensmann Wensmann Realty, Inc 1895 Plaza Drive #200 Eagan, MN 55122 651-406-4400 Engineering: Pioneer Engineering Mr. Nick Polta, Mr. John Larson 2422 Enterprise Drive Mendota Heights, MN 55120 651-681-1914 BACKGROUND: Wensmann Realty, Inc received preliminary plat/ preliminary PUD approval for the former Jeffers Estate in January 2005 after almost 6 years of planning. Several goals of the 2020 vision plan were designated on this property and are becoming a reality. These public features included a future elementary school, fire station, nature park and expanded trail system. In addition to the large nature park, a neighborhood recreational facility has also been dedicated to serve the immediate neighborhoods. In October 2002, the DNR approved the reclassification of the Jeffers Pond from Natural Environmental (NE), to Recreational Development (RD). This approval was contingent upon a publicly owned natural vegetation buffer, use of motorized watercraft and private docks prohibited, designing JE~~bRS POND PLANNED UNIT DEVELOPMENT PLANS AMENDMENT #2 PRIOR LAKE, MINNESOTA , l- . - _~~~ENT .~2_~___ _________n___=:-==J ,Jm___m____n_____L==n-----~u;--L-----Ln-----------~-----.J l..=------ - J- The ..,........tMln _1""_95""" "'_ conloo-l.......n......,... .1<",- _101_ion......................~0>9__a.......of\lle ....p.--.I ~9.,.-.... of llW~.............. _loci to __... ._IOU-... VOTOOI,,,,, to ...."", ___..I ~or ...01...01-'1 ...._~ it-",..-. _e..~"""d __..not,.,... ...lnlonn..",", _1"'.........1n;o__0I _COflt_.........~to,..,."....__',.'"C P_~P.A...._no __...'_..1<>1..... .1...,..... "'_I..,'"""'.....,"'~-.."..ato...mDll...chplctodor ~b,lh.~_IJIl__lnt......olion_ F"" dolah 01 _1Jnt __C1 ........ fl. to 11>0 ,..__ f_ plot Thf.-'''' of tkt-,,_ _tI>o~ ....~. -~..._.. tt>origlll t. .........I~__t, _...... _I...""d _"""",," tor "",pcrI(.)of....pr<>portin. Tho. __ ,__ \lie 'iF't to _9" t"" pIooI. wl_tlu<Ul_ notico. Svb~toCII.I.....,.._t__.. ~ INDEX 1. COVER SHEET 2. EXISTING CONDmONS 3. EXISTlNG\,..uJ.oJJ..lVJ,S 4. EXISTING CONDmONS 5. EXISTING CONDmONS 6. OVERALL DEVELOPMENT PLAN 7. SHORELAND TIER EXHIBIT 8. PUD SETBACKS 9. PUD SETBACKS 10. PARK DEDICATION 11. PROPERTY RADWS MAP _......:....:==~ 11 IW aoo '?O ~ GRAPHIC SCALE IN FEET iii r~~ i; n 2~O;~ [!)i 8y_ fI.~~Rengineering 11..,.....,--...-...,,-... =~:a~~ MmdolaHeigbaQffic:e :::I~:=lto :::.~-a~=1 :._ 2.1'\IIl....-rr;z_HP'otm.OTCi,I'aE$TATKJllLOCAnotl 1.1'\IIl~II.l'fPIlIf:lU$lMl.DlNG.llhfllOLl.OW'l;RUlIleG 1- 1.11__ 1,..zloGli -- !:'::'~ I WENSMANN HOMES II9SI'IJ.ZADlL.STa2llll &\OAN..WINNllSOTA~I2% COVER SHEET AMENDMENT #2 ~ lNH 445' HORlH Cf' co. RO. 82 ON 'MI..DS PARI<WAY El..EV...963.12 lNH ~. NORlli Of'" co. RD. 82 ON WILDS PARI<WAY El..EV... ~.39 JEFFERS POND - PHASE 1 PllOlt.1.AU.MINHBSCII'A I I + 11 .. ---~= , ' , ' , ~ j I~!L , : "! I J -------------~ijl--~-, : ! J" ___________~~________ I ~=~~~~~ '" ", "" ,.' . It ---=--~ r--j -_~~/,il: . "......~ v,... Ie r.. I \ ~ ~I\ \ \ \ \ \\\ . \ \ \', l, ,) '\ (""'-""0 d.. I .------..oJ \ - , , ) EI.~E!engi~ng I \',,~~~~COMMERClAlf l~~~=~ lHE HOU.OW (JEFFERS PONQ2t-.D) MAPLE POIN""re THE SHORES JEfFERS POND 3RD ADDI110N ISN3LE FAMLY AMENDMENT 12 ~ARKVEW TOWNHOMES & PARKS.:E lOlNNHOME$ FUTURE PHASES APARllotENT ~~~UIl;p..l-;;D ,SCHOOl. JEFFERS POND 2ND ADDITION l!:~~TA1lON AMENDMENT I' hu........ ..!is( Z """'" ~ .~ GRAPHlC SCALE IN FEET GROUND TOTAL GROUND FLOOR AREA PARK~ I UNITS AREA FLOOR AREA RA 110 DENSIlY STAI.lS 114 1.528,924 2n,676 18.16"4 3.25 T.B.D. 32 159,455 30.023 18.83% 8.74 76 23 224,734 ".363 21~52% 4." .. 56 549.0(1:1 153,7tM :./:/.!:lf1lo 444 '68 .. 399,332 113,4TI 2&.42"" '.24 '64 '" 964,116 140,-400 14.56" 1.76 '56 =~:=.~~ McudotaHeigbUOfJige ~~?=l~ OVERAlL DEVELOPMENT PLAN AMENDMENT #2 105 571,363 170699 29.88% 8.01 420 204 492258 tllS'f'9 18.~ 18:-05 419 38 370,438 801574 21.78% 4.47 lJa o 7,912,104 0 O.M 0.00 10 ria a-.~,~ 523J8 9.~ nr'a T.8.D. nla .~227 1??oo '7.~ IVa 20 llW '~,(l4,824 1, 113,810 8.~ Z.08 J 1615 j 674 UNITS APPROVED IN ORIGINAL PLANNED UNIT DEVELOPMENT 1~.l)W(i I JEFFERS NORTH P9JOI.u.n.IoUNNSSOTA I 6 + 11 1.....,.-,_........___'" ___.,.___--1 - :.:.-=~...."'i:::""":::= J,.P\lDAMllIIDMiNf...NEWoun.oTll,I'a5STATlOfIl.(l('.I,1J)fI l_rup"'-"'I._StICJll.Ij,l~_J<<lU,O'WIIllll.I:lINCi - 1.1-:11-46 WENSMANN HOMES 1'9S PU.ZA OIL. sn.:zoo BAOAN, MlNNESOTA S5122 I I I , I I I '1 , I ~~ \ I ) i I I I I I I I I I , I I I I I .11._.__ !I ~ /r..................... "= ~ :-I€~rEI=:::sOF 1-+- ~ ~ '1lUS.""- -- tIInII_rr- "II!'" Mftj!lElll l~-:-~: i-~=-I';: ~ ~ ':::;:~, .: ['= i! :: ;---1 -"iit~__"'!!-_ ....... - ~ ;:~_:::.:*.._.:.::::...-.z:=-.~ . ,__!~2._"!".!'!'I~...._iI\_Pl.C_ ....oE;IifI z: liiB::3.: LL~ "i" GRAPHIC SCALl IN F'tET ...;.._.:-..:.:.......'....)i; ~KIRTlOl'lOlTHEDEV~ I """"-".......... mlil'tll S~ !!QY.Q!!!PAOPOSEtI ~PROPOSED IIlS!omP~~~ ~ f!8l!HPIlOl'O$B) =::m~ ~, ~ TOTAL PERlSff AUO\If....I.\U..ClIIlI'..-..E 8UI. ..'. 'y~AY_. M".-'.""'.".-""'" ~.__ _,_ ,'. ".._\y~...y- . .,...\T''I'Il&m'MI\ING ~ PfIOI'OSB) GROSS.-A WIETl.AII)_ ~ IMPB'MClIJI; ~_ ~J.M,A ~AIIEA IIFIJMOWNEA ~- ....ERVlCJUIMfU, ~- ~- ~ ~ ~ 11ER..- i:'!~- ~J, NliT~='l "'=ifL .:, TlIIl..- 11,,'-' lS.f.1 ~.1 l!!.l IL!'" ~.!J I$..!-. ,*:!.' _j!J,l ARE.I.~.I"'_ ~ i ~. ~ ,~;c-- ~ . ~ ~: ~ .L.: ~ ~: 7 ~ =-r-'T ~ s; ~--riirl ~~~ -.i:iii I __.- I ~..,;... ~~ ,"-_ ----!S!!L- ,;.... I fUN I _Kl~ ~ ~1 =, !,I.~~Rengine.ering t::::=::==~':i::'~"""-"",, "OOCS NO' 'NQUDE eu,,"c "R' _""ON IllItatIraoolrJ--....-....-. \- SHORELANDTIER EXIllBIT ==-::!r.:a MendoUHei&hUOffice ~~7=,.a =.-.:a~E' :~~ ~ t~!i1~ 1= =:: AMENDMENT #2 cx..-B<QAL~~'0Il!~1 TOiAl.~""y~T -- ~ - wr -- ~- ::E I e."'" I ~.. """""""- ...""""'" "REUld'.. ....;11 ..... - ,,~ -... - MEAIIJ'.\ -~. - =~ .....,- -- -- ~~ a :: ..._ :00:::-_ RUa ..~ ..... lOTAl.AVAl.J.fr8..E F'StClNTPRCIf'OSEI I-----nff~ 1 ...:. WENSMANN HOMES ImI'LAZADlL.S11!.2lXI !!AGAN.MlHN&SOTA~~ln JEFFERS POND PIUOR u,KJ!. WINNESOTA ......-- I 7 + 11 ~ PLANT SCHEDULE r'J ~ NW('i[3t-Nllt--U: NAt,lF Q\lfF~TrwY TIiF~S. 11'1II ~T~~I;. Occ_td. ~ AIoIfIlJl:AH l~N/_T!!! -."..... H! ,WTUWN IlIAlF ..APtf:~~_ I <;t) SW_ _TT OAl(Jrlo.-."", tw~ I-;;;.(,~~,;~~;....~~; .".... I ;,;;' ..w~ -.JJAHl:t. l.tJC\llCtJlVlfll'J............."... . 9<andilk>.-O 1.7') llMl 18SBl./oO(Hl.LSSF'fll..U~G.lIUCCI_....lato 6'US HOOI toJll"'lnT~ 2.~- R"':'" , I ;1:~ ~ l'i ;-~!: Ir-- DEClDUOl,is TREE-----; PLANTING DETAil ~ffl::= ~~ ~~t;::;,. l:6=._ -~t:::t, !:..::i.5"'-.!. I .-::..:r.....: ---.I -~- CONIFER TREE PLANTING DETAIL XI.~E~engi~~.:!. =.--:=..o.::.1II1Jl MendotaHeighuOffice ~~-=r~ I (65'~I.lfl. _1_ (1f3J70-I_ "':1I3-1~ ;, \ \~ ~ /'- ~ i \ \ \ I..........~-.....) ~-l V /~,:/X'~/ (' .- ~0/ '"', '--- r I;:- ',,"" I~CO<tit)o__,....___", 1- -"_""~"",,,,,-""_I - -....., .....-~..- ~------- _.._or..._.r_ l<&-No.23L13...- n.......J.ifLlIIL LANDSCAPE PLAN :1 I :1 II I) '1 /, 1.J11 \ '1'1 \: ~ il II I I I 1 /1 1 I I ) \ I 1 '~ I \\/1 I I. ~l ,'~=r..~:.=".:t UllLIZ ~ '1::= ::.:.-~..::o~....:s~ .-_...(:OIlIU1U)..1IC.....,.. ._l'VIOlTlI/Il_......lIII:T_..-_.. .~~~~..~~1L .~~:.t3,~dP~~ .,-E~~~~'JC1IC"C .~~~~I :~~~.;&.-=- lIll__"\t,__'ll..::.'"!;V'__\ t~~~-.F~Ao '1,I~__WAII'.1\lIIU --.---J IrAISC. NOTES ---.,.~ ..,.Z'O_S1II''1_.....u..PUf';BlIol.lllCAl.I.~...__ -JrIJ.~_ICJ_..._lIl_III,l,.(:I+SIlN,l.K!EEDED_IIIM/D01!iQ11_Z7Il SEEDING tr.lETHODS _lI1I:a4IlU.D....,._.,.~lllPSQI,f(l...__lEI'...Q(31lOO. "uso.KfIII"'-'lPIUSUlillOlAD.~lXlIIlIfliICJAL_5UlIIlRll.U.sl~ ~ IlI'PI.C ~T ~ U1[ or ZIlIlUlS/taC ~T_ __ or __ _ ~.m l'llII_ _fUJ1IQIJltI<<U.IICllNt...zz-....~(llPIQ__..._1tIlIl.UI lNCUa:1I.UW.__ASI8l.(NCIllDJ1HMISNlDNOT____ --- G \ II 1IIll a4IlU.D.IO$W.1ED..1II ~ am_IHAT 'lIU.-"'11l.Y~ _ nra tlT5mllO':I'l.MOED__IlU.___V_~_\lIlLac r:--l'II'I). _-.a.aG.UlCUlT",A_otTMlSUDIClIUl Anc$lD,\ __A_l'llII~__lTtIGlUl.__ll*~ __,___VlO_1&f_SIlL-.....Y_HIlIIU._ __.........aG.Ul..1OD. __,._-.u. __llIllOlItE__~""MPM:___ ~ ~:~~IO.c:~r~:=~::~~~ ") i \ \ \ C lU.'U_~..'P€OUIUII(TJllIl.U,__'P€5FfDFlmlll. __IiHlWI':u;Hl\.V_Oll.lAllfJl'c:lUIWNGaIIlMG. _M_~_IS~lO__A__am. __lIHOI.UI.lU.QCNCI .,.. _... ~~A(JIIOIlUSJOQClMtQ(lIIl ~T'lI'Dorll.U>>l""PPl'UlO(It~..-s): . ...~11ft 3 (YaA,cmnFEIl_ _1II.lDQ"'T~"'ll Q( UlOIG PP AaI(. ._,,"Y/lLUHIMI/DOTl'II'lI.70llI)ATAu''lEtlTI.O_P'EO:-' MNDOT SEED MIX BlII"RiH. bJ'" w_ ,:!:"/) 10 H.(> J(l lJ.6 ~o I c~~r:~ ! 25.0 ~~.D I Mh.t1...:lnIKHidfo.riIoITIJ1l I c__'_ ~~=:i:~ ~BIlqnllIa.JC._Io."'U- 1oI.~ Kodr_.~.i", 10-1 :1t.....ma-ttnlUTA.....: I~~ I IR..idooalialTlU'fmix .. 20." .. n.D "u 1/ ~ 2!' ~ 100 ---= GRAPIDC SCALE IN FEET WENSMANN HOMES 1195 I'UZA DlUVB EAGAN. MINNBSOTA 55122 JEFFERS POND 3RD ADDmON I LS 1 J., 2 PIUOlI. LAK6. MINNESOTA FOUR UNIT ROW TOWNHOME (SOUTH FACING) FOUNDA llON PLANllNGS .---~\ /:~=-. -~-~-~"-"",",, 2AlP1lEa.ItRAHT~ ~I ~2AlPlNEClJfIll./IHT 1---- -, r-.----., ::.=:~wm~.:~ =-~:~:_____ ~: '::=..: a QWlFlAW[ $PIREA ~ :;./ 5 GCIl..DFl.AME 5PlR(A 12 SJa1A O"ORO OA'tU..Y 12 StElJ.A D'<ItO tM,'fI.JLy NO,.,. .~....tcl"""""""')l"""lMdmuldlotdlllttlrodtlll<lkfl :; ~~"~...=:r--... oRodlINllcb t)pe W M....... by....... ::..:.,::*...c:r:=:::::= :~":::"IIO pbsta_1ocxrtMl FOUR UNIT ROW TOWNHOME (NORTH FACING) FOUNDA llON PLANllNGS "S1El1A..OltO~"'-Y ~. ~,~"",.....y 50Cl.DF1..MESPIREA~ ~. ~ ClQ.IlR..AMEsPIREA 3SCNOA..uMI'P~ ~r- f'~,L.- SCNDA......-st ~ I j I I lD'lf".~IIl.IliiH--".~ I ! I I :--'D'11lF,BUllNNOllUSH ROQ( IIIU.OI--' I 1 I I '- ROaC WULCtl 2D\1f"~1.JL..,IoC--... L-.____.-....J '-- ---- ~ ..____2lMlFKCIlU.Ml.I.AC .......... 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NO GRAOl~ OR ENCROUOilolENTS 'MTHIN 25' Of' BlUffS I.... ,.xx.... ,~ ,;.... WENSMANN HOMES 119SI'l.A1.ADL.STIl.2OD EAGAN. M1NNSSOTA 5Sln PLANNED UNIT DEVELOPMENT AMENDMENT 2 .. r t=' ' - (f)' <l: w I >-- n:- O z W ::J Z W > <t: '" W w n:- u W ..J Cl <t: !::!. N ci Z I <t: ui U II ~ 'i' Of' ~ :==1= P-l JF I MEETING DATE: AGENDA #: PREPARED BY: AGENDA ITEM: DISCUSSION: ISSUES: Maintenance Center 17073 Adelmann Street S.E. Prior Lake, Minnesota 55372 CITY COUNCIL AGENDA REPORT SEPTEMBER 18, 2006 5G JANE KANSIER, PLANNING DIRECTOR CONSIDER APPROVAL OF A RESOLUTION APPROVING THE FINAL PLAT AND DEVELOPMENT CONTRACT FOR JEFFERS POND 3RD ADDITION I ntrod uction Wensmann Realty has filed an application for approval of a final plat to be known as Jeffers Pond 3rd Addition. The third phase of the Jeffers Pond development, to be known as "The Village at Jeffers Pond," includes 4.57 acres located west of CSAH 21, south of Fountain Hills Drive and east of Enclave Court. The original plan called for development of 47 townhouse units; the revised final plan is proposing development of 32 row townhouses, reducing the total units by 15. The final plan also includes a platted lot for the future fire station, on 1.29 acres donated to the City. Historv On January 18, 2005, the City Council adopted Resolution #05-17 approving the preliminary plat for Jeffers Pond. The resolution listed several conditions of approval. Jeffers Pond 3rd Addition is the third phase of the overall development. The entire Jeffers Pond development is a 336 acre mixed use development. The first phase of the development, constructed in 2005, included lots for 96 sin~le family homes, 67 town homes, the school site and the park. Jeffers Pond 2n Addition included 5.16 acres to be subdivided into lots for 23 single family detached dwellings. The third phase includes lots for 32 townhouses and the future fire station. Current Circumstances The final plat of Jeffers Pond 3rd Addition consists of approximately 4.57 acres to be subdivided into 33 lots for 32 townhouse units, a fire station lot, and an outlot for private street purposes. The final plat also dedicates the right-of-way for one new public street. This street was originally intended as a private street, but has been changed to a public street since the City will need to maintain it for access to the fire station. The remaining streets will be private. Staff has reviewed the final plat and finds it to be in substantial compliance with the approved preliminary plat. The principal requirements for final plat approval include a signed Development Contract with surety for the installation of utilities and streets. A letter of credit for the public improvements required as a part of this development is included as part of the development contract. The Development Contract specifies the development fees for the platted lots. www.cityofpriorlake.com Phone 952.440.9675 / Fax 952.440.9678 FINANCIAL IMPACT: Approval of this final plat will allow construction of new dwelling units, which will contribute to the City's tax base. The required development fees are deposited into the appropriate City accounts. The final plat also creates a 1.29 acre parcel which will be donated to the City for use as the fire station site. This saved the City the cost of land acquisition. ALTERNATIVES: The City Council has the following alternatives: 1. Adopt the resolution with conditions approving the final plat and Development Contract for Jeffers Pond 3rd Addition. 2. Deny the resolution approving the final plat. 3. Defer this item and provide staff with specific direction. Staff recommends Alternative #1. RECOMMENDED MOTION: 1. A motion and second to adopt a resolution approving the final plat and Development Contract for Jeffers Pond 3rd Addition and authorizing the Mayor and City Manager to sign the Development Contract. Reviewed by: tJ Frank Boyles, 16200 Eagle Creek Avenue S.E. Prior Lake, MN 55372-1714 RESOLUTION 06-xx Motion By: Second By: WHEREAS, on January 18, 2005, the City Council approved the preliminary plat known as Jeffers Pond, subject to conditions identified by Resolution 05-17; and WHEREAS, The City Council has found that the final plat of "Jeffers Pond 3rd Addition" is in substantial compliance with the approved preliminary plat for Jeffers Pond; and WHEREAS, The City Council has approved the final plat of "Jeffers Pond 3rd Addition." NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein as if fully set forth. 2. The final plat of "Jeffers Pond 3rd Addition" is approved subject to the conditions set forth in this resolution. 3. The final plat of "Jeffers Pond 3rd Addition" 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 is submitted 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. Three mylar sets of the final plat with all required signatures are submitted. e. The developer provides 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 December 18, 2006, 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 SEPTEMBER, 2006. YES NO I Haugen I Dornbush I Erickson I leMair I Millar Haugen Dornbush Erickson leMair Millar Frank Boyles, City Manager www.cityofpriorlake.com Phone 952.4474230 / Fax 952.4474245 DEVELOPMENT CONTRACT JEFFERS POND 3RD ADDITION PROJECT #EP06-158 This DEVELOPMENT CONTRACT is entered into this 18th day of September, 2006, by and between the CITY OF PRIOR LAKE, a Minnesota municipal corporation ("City"), and Wensmann Realty, Inc., 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. REOUEST FOR PLAT APPROVAL. The Developer has asked the City to approve a Plat for Jeffers Pond 3rd Addition (referred to in this Development Contract as the "Plat"). The land is legally described as: Outlot G, JEFFERS POND FIRST ADDITION, according to the recorded plat thereof, Scott County, Minnesota. 2. CONDITIONS .f)~T 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 L:\06 FILES\06 SUBDIVISIONS\FINAL\Jeffers Pond 3rd\finaI development contract.DOC Page I Plat and Development Contract with the County Recorder or Registrar of Titles within 90 days after the City Council approves the final Plat. 3. RIGHT TO PROCEEll. 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. 05-17, dated January 18, 2005, approving the Preliminary Plat for Jeffers Pond. 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 /!LA T 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. 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 2 6. DEKELOPMENT PLANS. The Plat shall be developed in accordance with the Plans identified below. The Plans shall be approved by the City Engineer prior to consideration of the Final Plat and Developer's Contract by the City Council. 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 the written terms of this Development Contract, the more specific or stringent controls shall apply. The Plans are: Plan A -- Final Plat Dated September 5, 2006 (prepared by Pioneer Engineering) Plan B -- Final Grading, Development, and Erosion Control Plan(s) Dated March 11, 2005 (Prepared by Pioneer Engineering) Plan C -- Tree Preservation and Replacement Plans Dated March 11, 2005 (prepared by Pioneer Engineering) Plan D -- Landscaping Plan Dated August 2, 2006 (Prepared by Pioneer Engineering) Plan E -- One set of Plans and Specifications for Developer Installed Improvements Stamped "Approved by City Engineer" (prepared by Pioneer Engineering) All plans set forth above are incorporated herein and made part of this Develv1-'went 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 1:\06 files\06 subdivisions\final~effers pond 3rd\final development contract.doc Page 3 L. Sidewalks and Trails M. Landscaping N. Wetland Buffer Signage 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 ref,;",;,uce. 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 permits and approvals from any other agencies having jurisdiction before proceeding with that aspect of the construction as it relates to that permit. 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. In accordance with Minnesota Pipeline Safety law revisions effective January 1, 2006 the Developer will be responsible for installing a tracer wire mechanism for all service lines in public right-of-way. The proposed tracer mechanism shall be approved by the City prior to installation. All costs associated with furnishing and installing the tracers shall be the Developer's responsibility. Before the Security for the completion of utilities is released, iron monuments must be installed in accordance with Minn. Stat. 9505.02. The Developer's surveyor shall submit a written notice to the City certifying that the monuments have been installed. 8. CONSTRUC1JfljV OlJSE)!.VATION. 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. 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 4 B. Documentation of construction work and all testing of Developer Installed Improvements. C. Field document as-built location dimensions for sanitary sewer, watermain and storm sewer facilities. The Developer's Engineer is responsible for data collection and preparation of as- built record plans. 9. PEVELOPER 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 record drawings showing location, dimensions and elevations of all utility improvements, including but not limited to top nut of hydrants, manhole rims, manhole inverts. (Field tie dimensions to sewer and water services shall be provided to the Developer's Engineer, by City staff or City consultants.) As-built record drawings shall follow the requirements set forth in the Public Works Design Manual (PWDM). The as-built record drawings shall be submitted to the City for approval within six (6) months of substantial base pavement course placement. 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 final 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. SUBDIVISION 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 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 5 first. At the end of the one (1) year period from recording of the Plat, the Developer shall submit to the City Engineer written verification by a registered land surveyor that the required monuments have been installed throughout the plat. 11. TIME OF PERFORMANCIi. The Developer shall install all required public improvements by December 31, 2006, 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. If necessary, 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. 12. 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 ofthe Plat. 13. EROSION CONTROL. A. Prior to initiating site grading, the erosion control plan, Plan B, and Stormwater Pollution Prevention Plan (SWPPP) shall be implemented by the Developer and inspected and approved by the City. The City may require the Developer, at no cost to the City, to install additional erosion control measures 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 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 6 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 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. Due to the time sensitive nature of providing for erosion control, the notice provisions set out in Paragraph 38 shall not apply to notifications to the Developer under this paragraph. B. The Developer shall seed or lay cultured sod in all boulevard areas behind curb within thirty (30) days, or within a timeline established by the City Engineer, of the completion of street related improvements (sod does not need to be installed in areas of buildable lots where silt fence is required behind curbs). C. The Developer shall restore all other areas disturbed by the development grading and construction operations within this time period. D. Boulevard and disturbed area restoration shall be in accordance with the approved Plan Band SWPPP. (No building permits will be issued until the Developer has installed silt-fence behind the curb of all buildable lots). It is expressly understood that once silt fence has been installed it shall be become the builders' responsibility to maintain the silt fence, unless the silt fence is damaged by the Developer's utility contractors. 14. CLEAN Uf!.. 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 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 7 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 incurred by the City. Due to the time sensitive nature of clean up, the notice provisions set out in Paragraph 38 shall not apply to notifications to the Developer under this paragraph. 15. GRADING PLAN. A. The Plat shall be graded in accordance with the approved grading, development and erosion control plan(s), (Plan B). The plans and work shall conform to the requirements set forth in the 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) 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. The Developer shall also submit a lot tabulation certified by a registered engineer showing that all pads have been corrected in accordance with project specifications. 16. OWNERSHIP Ql! DEVELOPER INSTALLED IMPJ?OVEMENTS. Upon completion of the Developer Installed Improvements required by this Development Contract; (1) final written acceptance by the City Engineer and, (2) adoption of a resolution of acceptance by the City Council, the improvements lying within public right-of-way and easements shall become City property. The Developer shall be responsible for all pond maintenance until written acceptance by the City of the Developer installed 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 8 improvements. (Alternative): Pond shall be maintained in perpetuity by developer or homeowner's association. 17. STREET MAINTENANC11. Developer shall be responsible for all street maintenance until final written acceptance by the City of the Developer Installed Improvements. All private street maintenance shall remain the Developer's and homeowners association in perpetuity. 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. 18. CONSTRllCTION ACCES&. Construction traffic access and egress for grading, public utility construction, and street construction is restricted to Enclave Court. No construction traffic is permitted through the adjacent local streets and residential area. 19. IMPROVEMENTS REOll[RED BEFORE ISS:.UANClJ_OF BUILDING PERMITS. A. Grading, utilities, 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. Grading as- builts for the proposed building permit shall be approved prior to issuance of a building permit. Before a building permit will be issued a minimum of one (1) active fire hydrant within 300 feet of the unit must be available for fire protection. If building permits are issued prior to the acceptance of the Developer Installed Improvements, the Developer assumes all liability and costs incurred as a result of the delays in completion of the Developer Installed Improvements; including damages to Developer Installed Improvements caused by the Developer, its contractors, subcontractors, material men, employees, agents or third parties. B. A temporary or 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 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 9 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. 20. CITY ADMINISTR.A Tl11N. 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, processing of requests for reduction in security, and any consulting or legal fees incurred by the City. Fees for this service shall be four percent (4%) of the estimated construction cost as detailed in Exhibit E, assuming normal construction and project scheduling. Extraordinary costs incurred by the City over and above the four percent (4%) Administration 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, project delays, or costs incurred in enforcing the terms of this Development Contract. 21. CITY CONSTRUCTION OBSERVA TWN. Construction observation shall include, but is not limited to, part or full-time inspection of proposed grading, public utilities and street construction and City consultant expenses. The Developer shall deposit an amount equal to five percent (5%) of the estimated construction cost for construction observation performed by the City's authorized personnel. This amount shall be maintained by the City in escrow until final 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. 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, project delays or costs incurred as a result of unknown conditions at the time of design. 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 10 22. TRUNK STORMWATER ACREAGE CHARGE. The Developer shall pay a trunk stormwater acreage charge of $12,750.00 for trunk stormwater improvements prior to the City signing the final Plat. The amount was calculated as follows: 4.57 acres at $2,790.00 per acre. This charge was determined by the Trunk Storm Water Fee Study adopted by City Council Resolution # 05-18 on January 18,2005. 23. TRUNK WATER ACREAGE CHARGE. A trunk water acreage charge of $25, 135.00 shall be paid by the Developer for trunk watermain improvements prior to the City signing the final Plat. The amount was calculated as follows: 4.57 acres at $5,500.00 per acre. This charge was determined by the Trunk Water System Fee Study adopted by the City Council Resolution #05-07 on January 3,2005. 24. TRUNK SANITARY SEWER ACREAGE CHARGE. A trunk sanitary sewer trunk area charge of $13,893.00 shall be paid by the Developer for sanitary sewer trunk improvements prior to the City signing the final Plat. The amount was calculated as follows: 4.57 acres at $3,040.00 per acre. This charge was determined by the Trunk Sanitary Sewer Fee Study adopted by City Council Resolution on #05- 18 on January 18,2005. 25. STREET OVERSIZE ACREAGE CHARGE. The Developer shall pay a street oversize acreage charge of $22,484.00 for street oversizing improvements prior to the City signing the final Plat. The amount was calculated as follows: 4.57 acres at $4,920.00 per acres. This charge was determined by the Transportation Plan Fee Study adopted by City Council Resolution #05-18 on January 18,2005. 26. PARK AND TRAIL DEDICATION. Park and Trail dedication requirements were satisfied as part ofthe Development Contract for Jeffers Pond 1 st Addition. No additional dedication is required. 27. STREET LIGHTS AND OPERA TIONAL COSIS... 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 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page II 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. 28. 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 based on an amount equal to 125% of $51,815.00, the estimated cost, as set out in Plan D, to furnish and plant the required landscaping and irrigation system. 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 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. 29. TREE PRESERVATION AND REPLACEMENT. Subject to approved Plan C, the tree removal on this site does not exceed the allowable removal. Therefore, no tree replacement is required. 30. 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 Installed 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") 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 12 shall be in the form attached hereto as Exhibit B, from a bank for $364,393.00. The amount of the Security was calculated as follows: DEVELOPER INSTALLED IMPROVEMENTS COSTS: Storm Sewer Streets/Sidewalks/Trails Street Signs Landscaping Tree Preservation and Replacement Erosion Control (covered under grading permit) $ $ $ $ $ $ $ $ 25,717.00 56,434.00 35,610.00 121,438.00 500.00 51,815.00 0.00 0.00 291,514.00 X 1.25 364.393.00 Sanitary Sewer Watermain ESTIMATED DEVELOPER INSTALLED IMPROVEMENTS SUBTOTAL $ TOTAL FOR IRREVOCABLE LETTER OF CREDIT AMOUNT $ 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, 2007 unless otherwise approved by the City Engineer. The Irrevocable Letter of Credit shall automatically renew for successive one-year terms unless, at least forty-five (45) days prior to the next annual renewal date (which shall be January 1st of each year), the Bank delivers written notice to the Prior Lake City Manager that it intends to modify the terms of, or cancel, the Irrevocable Letter of Credit. Written notice is effective if sent by certified mail, postage prepaid, and deposited in the U.S. Mail, at least forty-five (45) days prior to the next annual renewal date addressed as follows: Prior Lake City Manager, Prior Lake City Hall, 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 13 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. 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 on the Irrevocable Letter of Credit. If the Security is drawn down, the proceeds shall be used to cure the default. 31. REDUCTION Q,LSEClJRlIX. Upon receipt of proof satisfactory to the City that the required portions of the Developer installed improvements have 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 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. Once the City has accepted the project, as-builts have been completed, all punch list items are completed and warranty bonds submitted, the Irrevocable Letter of Credit may be reduced to 5%. Upon completion of the warranty period the 5% Irrevocable Letter of Credit may be released. 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. 32. CITY DEVELOPMENT FEES. The Developer shall also furnish the City with a cash fee of$100,499.00 for City Deve1vpwent Fees. The amount of the cash fee was calculated as follows: CITY DEVELOPMENT FEES: City Administration Fee (4%) $ 11,661.00 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 14 City Construction Observation (5%) $ 14,576.00 Trunk Stormwater Acreage Charge $ 12,750.00 Trunk Water Acreage Charges $ 25,135.00 Trunk Sanitary Sewer Acreage Charges $ 13,893.00 Street Oversize Acreage Charge $ 22,484.00 Park and Trail Dedication Fee $ 0.00 TOTAL CITY DEVELOPMENT FEES $ 100.499.00 33. W ARRANTl{.. 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 Developer shall post warranty bonds in the amount of twenty-five (25%) of the improvements as security. The warranty period for streets is one (1) year. The warranty period for underground utilities is one (1) year. The warranty period on Developer Installed Improvements shall commence on the date the City Council adopts a resolution accepting the improvements. 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 final acceptance of streets and utilities. These standards are set out in the Public Works Design Manual. 34. REIMBURSEMENT OF FEES FOR LOT 1. BLOCK 3. The Developer is deeding Lot 1, Block 3, to the City for a future fire station site. The City agrees to reimburse the Development Fees for that lot. City and Developer agree the total amount to be reimbursed to the Developer is $20,963.00. The calculation for the reimbursement is attached as Exhibit D. 35. CLAIMS. 1:\06 files\06 subdivisions\final~effers pond 3rd\final development contract.doc Page 15 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 the Minnesota Rules of Civil Procedure for the District Courts, to draw upon the Irrevocable Letter of Credit Security in an amount up to one-hundred twenty-five percent (125%) of the claim(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 Irrevocable 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 one and one-half percent (1.5%) per month or any part of a month. The minimum monthly interest penalty payment for an unpaid balance of one- hundred dollars ($100) or more is ten dollars ($10). For an unpaid balance of less than one-hundred dollars ($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 Developer shall be awarded its costs and disbursement, including attorney's fees incurred in bringing the action, from the Irrevocable Letter of Credit or other security provided by the Developer to the City. (See Minn. Stat. ~471.425, Subd. 4a.) 36. RESPONSIBILITY FOR COSIS.. A. The Developer shall reimburse the City for costs incurred in the enforcement of this Development Contract, including engineering and attorneys' fees. 1:\06 files\06 subdivisions\fina1\jeffers pond 3rd\final development contract.doc Page 16 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. 37. 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 ofthis Develv!-,lUent 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 without prior written approval by the City Council. (For the purpose of this paragraph 37) The sale of a lot, except an outlot, to a builder is not an event of default); (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 Develu!-,lUent 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. 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 38 of this Development Contract, may take anyone or more of the following actions: 1. The City may suspend its performance under this Development Contract. 2. The City may cancel or suspend this Development Contract. 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 17 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 Develup111ent 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 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 using the Irrevocable Letter of Credit to pay for the related costs. 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 of the actions set forth in this Section are exclusive or otherwise limit the City in any manner. 38. 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 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: Wensmann Realty, Inc., 1895 Plaza Drive, Suite 200, Eagan, Minnesota, 55122. Notices to the City shall 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 18 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, 16776 Fish Point Road SE, 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 & Johnson, US Bank Plaza, 220 South Sixth Street, Suite 600, Minneapolis, Minnesota, 55402-4501. 39. !NDEMNIFICATIO~. Developer shall indemnify, defend, and hold the City, its Council, agents, employees, attorneys and representatives harmless 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 harmless 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. 40. 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 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 39 shall apply to said actions. 41. 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 1:\06 fiJes\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 19 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. All insurance certificates shall have expiration dates falling on June 30th or December 31 st of each year. Each insurance certificate shall have the project name and City project number clearly shown. 42. 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 ofthe foregoing covenants. 43. SPECIAL PROVISION~. The following special proVISIons shall apply to Plat development: A. CVlUpliance with all of the conditions listed in the Resolution approving the final Plat. B. The Developer is required to submit the final Plat in electronic format. The electronic format shall be compatible with the City's current software. In addition upon completion of the project the Developer shall provide the City with as-built utility plans in electronic format compatible with 1:\06 files\06 subdivisions\final~effers pond 3rd\final development contract.doc Page 20 the City's current software and with layers, colors and line-types formatted in accordance with City standards. Additionally three (3) full size (22x34 inch) paper copies and one (1) reduced (11x17 inch) copy shall be certified and submitted to the City. 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. 44. 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 ofthe 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. D. Assignment. The Developer may not assign this Development Contract without the prior written approval of the City Council which approval shall not unreasonably be withheld. 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. 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 21 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 Develvpll1ent 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. Jurisdiction. 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: Prank Boyles, City Manager DEVELOPER: By: Its: By: Its: STATE OF MINNESOTA ) ( ss. COUNTY OF SCOTT) 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. 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 22 NOTARY PUBLIC STATEOFMINNESOTA ) ( ss. COUNTY OF ) The foregoing instrument was acknowledged before me this by NOTARY PUBLIC DRAFTED BY: City of Prior Lake 16200 Eagle Creek Avenue SE Prior Lake, Minnesota 55372 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc day of ,20 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 STATE OF MINNESOTA ) ( ss. COUNTY OF ) 20 The foregoing instrument was acknowledged before me this by day of NOTARY PUBLIC DRAFTED BY: City of Prior Lake 16200 Eagle Creek Avenue SE Prior Lake, Minnesota 55372 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 24 EXHIBIT "A" TO DEVELOPMENT CONTRACT Legal Description of Property Being Final Platted and Copy of Final Plat, Including Title Sheet: I I I I / ~ 1'0"11- " II If) 0 \'~>_~;p_;-___~SlAllQM___---.e\,.A~E~.~ ....... ......~--:~~~~ I 1!o~,~~~~,u ~-~,~ ~. _ # tls:wlll! ".:I~ II.! 31... ~! II ~ ~ "OIlS 21Il11S ~-s .:~: J .",,~, ' " , '.> , - - " , "\-' 'Z '; 1 i 2 i 3; 4 5 ii 5 ~ 6; 7 i 8 5 9 i 10 ~ ~ . ~c i ii' i i i j i , i ~ a ;a~~ t.J UOll 1UO ..... -.00 - UOCI ;ga;Ill~ (.~ ~1f' -- '~~;l:-::--- /!:,,~ ii~! I €i ~ __"t ..."" 21 2 t..,""SilODOr~"t 'Xl. 'ii Ei." , .- a_, a_. ..1 ,,', r-~, a.~ ~, a_, ~~ ~ i j .- f-! ~ , , '~i~' : ' ,'" " · ." .'. :. c ~ ,11 ~ 12~ 13~ 1~~ i!:~! 15~ 16~ 17~ 18~ 19~ 20 'i. CJ' ! I ~J ~NH~ Ii i i i i~; L .._ i i i i i < - ~.c. ~ I ~~o ;" !,~... "OIl U" ___..b. lUll am II'" -~_ ..1Il naa' ~ - :~ : -'~Ya' ~~_m~llOT ~ -~, ;J>~_~:~:N \~ ~,~..:I', ,>d __~.r-=,."".J'Y 0.."t>I f_loIOO~cr.c.~"'-'- -po 0:. ..GO ~ =-";:;J""'ii(i"""~---niO' \. .. >>1lII~ -. ~ alIOS ;ll0Il8 ':l! :<,';..).~ 18>>'''''8 Ii! 8 8! to'. ~~i.. .' , - , , ~#11;! '0' , 0 , , , ~ ;/, Ii 2 < 3 l: ~ ~ 5 l: l..,,~ :)3 i 7 ~ 8 ~ 9, 10, 1" 12 1/ J, i i i . . I '!'1 . . ~ ! ! " 'j i .....::~c/ d 6 i !.~'" i i ci,::{;.~Z=~: '::==,~"~:r 589'48'55"W 425.38 si , l::..~~~.-~~~;..t- JEFFERS POND """'" Ol:.. ptO'$<XS "~.",S[ _\0<..... T.,,, __ ..,o". .... . ~~_. '....-'''"'' ,,,- of t.... _-9 __...-. _,,, '" '''0 '00<.."'. '" _. Yo"" __'0, to_. ~'~1"<""'7IlE['- .......m..~_......,...._.____._.....~_ i 1.'/ fjji! _i--":""-/Jl ,~ ! U I + Ii , " ~ - ....j; O""o.lO..v>"tll$......,>...-sT.roi"""........,......,_,:al_.S.."Co-.I~......- _ ...._..,. _"" _~ "". "'..,..... ""r1tS I'(OQ """'" _,~"" _ _ ,............. "". -..... ""'.......... -. ".....- ,...-.....- -...,..-..".....-"" ''"''-... _....;rt6'....._<ft'. , ~. '.' .. ""ooE"'5 _RtCl'.... _ _,,~ '''... __.. Oo<o<Yo""" - ,.._"'- "'....'" ,.......-.'....-.-,...,-...,.. "'- ST"1EOf'~TA -".. ~;..., '''..............'''''''........-..,,,..'''.'''''-..... "'- _. t.. .,-..,,_......'."'<-.."""- ~"--"- '" -., - --'," ...,..,........ ..,0::-- [..... SECTlC" 21. f'M'. 1~5. RGL Z2 LOCA,!1~,}IAP ~~~":::;..E i"'=.'::;E =:~~ '::E:,~;'5 =:.~ ~-::':E'E.. ~ =::-:.-:....-::r~'~=...:....~.::'~:;,~;'=::;~;:t."....";'.:.-:.::: i ((/ .-c.,..-..,"'_,_......... "",,-',L_.."".'NlfI STATfOf'IlINNESOTA -".. _.......................""'''!\oo''...._n~_..._...._..,.._ .,..... Co ....... _.. ,_... 106a ...,...~---- ...t-.-r.__ L:' i CRAPHlC:SCJJZllirW a"~ OTYtlFPIIIORlAlCt no.. _ .. "',,_ """"l """'" """~"""' _ ____...< __... "'" t,i', ,"""'.. .. ,... at,,1 "''' ,- ....-. .'. --'" -... -.... - -..... ..5...=-0._.1............._"'. I I 5COTTCOUIlT'f'SIJIt'<<YOII _...'..............5'...'... ...,;"., _.GlI....... '." _"', lh "'.. _ _ ,....- _6_ ,__...., '<<----" seoTTCOMl'Y1'JIEASUIIOt/NJllllOll J ..........,..._,...........,....._,.._..-.1>-..__......._ '70_...._.......... """"""""""""" ,-.-,'''' .........-'""".. "...-."'.. ~..,., lCl_"'~.'_~.....""..........,... lIt:~O''!:S fOU!'lO '1WN >IO"iljl'fllir N{l lolONUUEN1 !':n.la0l 9fOIlllN .' ~ "~1 ~~~~~~~,\~~I;~~!~: ~;;-f.~f.p.~'2;t<~ ~~;,:1l~;.~~:~ klON"\01S I I ! I i~ ~ 11', ~_ ,~ i -:r !i ......:1"<Jo' .0,) .. ~:~ };\!:J~.az R....25.00~. 6-00"35'11" I I I I I ! ElE..R'NGS AAE I!"S(O IP< L..~T \.IN" ':F TI'{: NE 1/~ or SEC. 2'. 'tM'. 1'5. ~Gt. n wHlCI-l IS ..ssu...m "Cl "..-.( .. lif"_r. OF ~()I"V'1'~~'" L:\06 FILES\06 SUBDIVISIONS\FINAL\Jeffers Pond 3rd\final development contract.DOC THIRD ADDITION ----- ---- J " I ) / / / -- .---/ ,'J .,. ---- ---- I I I I I I I I .<< .:> 'f >"ct;:..,-< :'-' " (~- ::;,r::: ;r:: SI -co ;. .~ 81 "",).f''s.oa.. ....f ~~~-- :/ ~_~. :,:;;;;<-'" ^ ..,:u' _.~.. ...... " ~ "':'lo '~"~~~o ..;. '~ 10;.,;:.., " <~ ~ "~ ~ , . '1. .: II!I ~c __~"",~;;~~.::_ _ __ _ __ _ _ _ n __~; _ __1:~'-'<~::' _ _ _ _ _ _ __ _ :~" 3 Page 25 iio,v:J;;::r'" f' I In LJ >. ~? ,::! ~'J ~? '-'~ ~c ~,J ~ PI.~EERenri....,.;ng 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 ofDeve10oerl 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) fl. , dated ,20_, of b) Be signed by the Mayor or City Manager ofthe 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 one-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 forty-five (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 Chamber 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 L:\06 FILES\06 SUBDIVISIONS\FINAL\Jeffers Pond 3rd\finaI development contract.DOC Page 26 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 COVERAQE PROVIDED: Operations of Contractor: YES 1:\06 ftles\06 subdivisions\final~effers pond 3rd\final development contract.doc Page 27 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 Form Property Damage YES AUTOMOBILE LIABILITY: Policy No. Effective Date: Expiration 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 UtE ABOVE DESCRIBED POLICIES BE CANCELED BEFORE UtE EXr1KATION DATE THEREOF, THE ISSUING COMPANY WILL MAIL l.tl.lKTY (30) DAYS WRITTEN NOTICE TO UtE PARTIES TO WHOM TillS CERTIFICATE IS ISSUED. Dated at On BY: Authorized Insurance Representative 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 28 EXHIBIT "D" TO DEVELOPMENT CONTRACT A. Reimbursement of Development Fees for Lot 1, Block 3 Fee Acres Amount Total per Acre I Trunk Stormwater Acreage Charge 1.29 $2,790 $3,599.00 Trunk Water Acreage Charge 1.29 $5,500 $7,095.00 Trunk Sanitary Sewer Acreage Charge 1.29 $3,040 $3,922.00 Street Oversize Acreage Charge 1.29 $4,920 $6,347.00 TOTAL REIMBURSEMENT $20,963.00 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 29 EXHIBIT "E" TO DEVELOPMENT CONTRACT ESTIMATED CONSTRUCTION COSTS ENGINEER'S ESTIMA TE FOR JKFFERS POND 3RD ADDITION IN PRIOR LAKE, MINNESOTA July 25, 2006 Contrlld Item 1Sec.1ion A.. Gl'lldlnll & Mbcellaneou. Sitework IErosion Control Fence (Installed) Common Excavation :>.t~~ll~e Corre<.1ion (Measured) Export Excess Common Excavation ITemporary Seed & Mulch &.-ed & Mulch --~_. -- '~opsoil.~"::sp,,,a<I..... Grovel Entrance INPDES Compliance __ ITotaJ Gl'lldinll & MillCellaneous Sitework Contnoct Amount LF CY ___m__".__'_' _. CY CY AC AC CY EA LS Contract Item ISection 8 .. Sanitary Sewer ~~CSDR35, 1O'-12'Depth 8:'PVC~1?R.35,1?'~14'P"p~1 6" PVC SDR 26 Service Pipe PVC Service WYE Sewer Manhole (0'-10' Depth) ISanitary Sewer Manhole Extra Depth 1~.!'.itary~~~lll~'aShield Seal Wrap Joints Sanitary Sewer Manhole Infishields Conncctto Existing Sanitary Sewer fi~}:&~~i:'~~;;~~~~~-------,---,---~~=~~=,--,- rTot~iS';;;ii~ryS~~~C;mi~~~i .Amount Unit Unit U' LF LF EA EA VI" EA EA EA EA LS LS 101 II; (:;, I "Ii) i,LI AUG ~ 8y.___... Unit Price Bid Estimate Quantity Amount $2.00 $1.50 .........~-_._.__..._---- -....- $2.00 $2.00 $4.00 $4.00 $2.50 $1,500.00 $5,000.00 $3.390.00 $6,240.00 ......................... --...... $2,000.00 $5,160.00 $14.00 $14.00 $4,875.00 .. .................... ,-, $1,500.00 $5,000.00 1695 4160 1000 2580 3.5 3.5 1950 I 1 TO' $28,193.00 Unit Price Bid Estimate Quantity I Amount $18.20 "_M_.__'_'_' "..__.. $18.20 .-..-........-....-.-.-. $8.50 $65.00 $ 1.800.00 $90.00 $225.00 $85.00 $225.00. mm~?'~()():()() ..... $100,00 $1,000.00 361 -..--.-.-..-..--. -..-... 94 ..-.....-.-..-.........- 255 7 3 5 3 12 5 2 $6,570.20 $1,710.80 $2,167.50 $455.00 $5,400.00 $493.20 $675.00 $1,020.00 $1,125.00 . .J~,()()()-.QO $100.00 $1.000.00 . .........................~.._........ $25,716.70 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 30 EXHIBIT "E" TO DEVELOPMENT CONTRACT ESTIMATED CONSTRUCTION COSTS Contract Item Section C . Watermain 16" D.!.P. Class 52 8" D.!.P. Class 52 Fire Hy~!~nt~~~'~Q!l.!.e.Y~IYt: ~~!:~: Fittings 2" Corporation Stop (lITigation Service) 2" Curb Stop & Box (lrrigationSerive) ~:' Copper (']"YP':':I<)~t:rvice Pipe (l.!rig~!!()r.l~t:I'yi~,:,) I ,. Copper (Type-K) Service Pipe (Irrigation Service) Ilrrigation Service Brass Fittings Service Tee 4" D.I.P. PlulL.._._ 4" DJ.P. Class 52 Watennain Service 4" Valve & Box 8" Gate Valve & Box Relocate 8" Gate Valve & Box Wettap Connect To Ex 12" Watemlain w/8" Gate Valve & Box Watemlain Test Unit Unit Price ITotal Watermain Contract Amount ContrllCt Item Section D .Stonn Sewer 15" RCP Class 5 18" RCP Class 5 21" RCPClass 4 21" wrrrash Gu.~rd 24"x36" Catch Basin 48."..Manhole (0'-10' Depth).. 48" Cateh ~asin Manhole (0'-10' Depth) 60" Catch Basin Manhole (0:., I 0' OI:pth) Cateh Basin Emsion Control Inserts RIP RAP Class III 4" Drain Tile Drain Tile Cleanout Reniove 18" RCP Remove 15" RCP Remove 24"x36" Cateh Basin R<:ItI"v.e.0(;"..c:(t!"I1.I3~~ill.M~11I1l)I.<:....__ Unit Unit Prk'e I J $22.85' $25.00 $28.00 5900.00 $1,100.00 m. + __ mm ~l,5.?Q,()() .. $1.590.00 $2.400.00 $250.00 $60.00 .JIIQ::> $200.00 JI5.,QQ $15.00 ." _ $1,000.00 $1,000.00 I LF LF LF EA EA ..EA EA EA .... ; EA CY LF EA LF LF PA EA Total Storm Sewer Contract Amount \:\06 files\06 subdivisions\fina\\jeffers pond 3rd\fina\ development contract.doc Bid Estimate Quantity Amount 16 932 2 1,010 1 I 35 1 7 7 267 7 2 -.-..------ "-~"- 1 2 --------i $56,434.00 12 $288.00 ---.-.---.----- $21,902.00 $5,230.00 $2,020.00 $200.00 $175.00 $560.00 $150.00 $200.00 $1,400.00 $700.00 .......M....M...__..........._._..__ $4,539.00 $3,850.00 $1,720.00 $1,500.00 $11,000.00 $1,000.00 LF $18.00 LF $23.50 ...--.-....-.-------.- - EA $2,615.00 LB. $2.00 -------.--.-EA---'. $200.00 EA $175.00 .. L1'mL.. $16.00 LF $12.50 ................................-....... LS $200.00 EA $200.00 .... '.."__ .__.........._..__._u...___. .__._..._..._ EA $100.00 LF $17.00 EA $550.00 ............ . . .......-... ---...--..... ...... ............, ..--................ EA $860.00 EA $1,500.00 EA $5,500.00 LS __$1,000.00 Bid Estimate Quantity Amount m.m~03'_~,2085~ 27 $675.00 127 $3,556.00 I $900.00 2 $2,200.00 . ..mm mm. 2 . .$},18Q,(l(l 3 _._$.1.,770.00 I $2,400.00 6 S1.500.00 7 S420.00 125 $1.375.00 I $200.00 160 $2,400.00 55 $825.00 I SI,OOO.Ou $1.000.00 mtm i $35,609.55 Page 3\ EXHIBIT "E" TO DEVELOPMENT CONTRACT ESTIMATED CONSTRUCTION COSTS Contract Item ISection E ' Streets Mobili:z.ation SlIogtade Preparation 24" Gmnulat Borrow (MnDOT 3149) ~': Clas~,' Q<J'il:S:rlls~<l~(~III?2"I"~131l) 2" BituminOl~S._I3.<'"" (MnDOTTy!.'."..~1 B) Tack Coat (MnDOT 2357) 15" Bituminous Weal (MnDOTTypeA1B\ Concrete Mountable Curb & GUlleT .---.....----- Concrete B6 18 Curb & Gutter Concrete Valley C'JUtler ~~..lIs.t Gate Valve Box Adjnst Catch I3~.il1<:asting Adjust Manhole Casting Backfill Curb & Gutter and Grade Boult."Vard Sod 3' Behind Back of Curb Sawcut ExistinIlIli!l!n:!.I1~lIs ~enl()v<:I<)(is.tin!! Curb _ Remove and Dispose of Ex Bit S~ion tor Collnection IReplace Bitumionus (Match eXIstmg section) I Street Signs Small Utility Conduit Crossings LS SY Sy SY SY GL -.---- -_s.~ Unit LF LF LF EA EA Sy LF LF Sy SY EA EA Bid Estimate I Quantity I Amount I I Hg500~9.9 1 $2,500.00 ..$0.50 3.465 _ _ u.m.50 $5.0() 3.464 _$i7,~?~ool $6.20 3.0201 $18,724.001 $8.61 .______~~<l.i~rH$20,793.ISI $4.00 142' $568.001 ___...RH.. -------~4151 $17,170.651 $9.S0 1.63S'. $IS,S3_~..?Qj $12.50 425 $S.3 I 2.501 $22.00 200 $4.400.~ I-- _ .$27S.oo _ :!. Hdfl!tool $10000 ----------sl -~)I $37S.oo ..--L $I,87S.00 $2,000.00 I $2.000.00 US 720JI.~OO'()o $6.00 195: $1,170.02 19S, 2 0 2101 4! 5i Unit Price $10.00 $21.00 $250.00 $285.001 I $2,100.00 ~~!():(J() $1,000.00 $1,42s.001 =1 ITotal Street Contract Amount Sl21,438.30 '~ta} Grading Contract Amount Total Sanl!ary Sewer Contract Amount Total Watermain Contract Amount Total Storm Sewer Contract Amount ITotal Street C;;-~t':;'ctA~~~~t- ITOTAL CONTRAcT AMOUNT 1:\06 files\06 subdivisions\final~effers pond 3rd\final development contract.doc .__S~,193.00 __ ~''''-7.16.11L. $56,434.00 _ $35,609.5~ $. 1ll,4J8.J0 $267,391.55 Page 32 I I Overstorv Trees Ornamental Trees Evergreen Trees Foundation Plantinqs Irrigation sod ,project Total EXHIBIT "E" TO DEVELOPMENT CONTRACT ESTIMATED CONSTRUCTION COSTS LANDSCAPE COST ESTIMATE JEFFER'S POND 3rd ADDITION Item Quantity Size Price 18 18 15 (Lump Sum) (Lump Sum) (Lump Sum) I 2.5" B&B 1.75' B&B 6' B&B $ $ $ 350.000 200.000 215.000 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Total $ 6,300.000 $ 3,600.000 $ 3,225.000 $ 17,190.000 $ 15,000.000 $ 6,500.000 $ 51,815.000 j Page 33 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'; 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 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 my1ars. 6. 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 December 18, 2006, will render the final plat null and void. 1:\06 files\06 subdivisions\final\jeffers pond 3rd\final development contract.doc Page 34