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HomeMy WebLinkAbout07-046 Reimburse Toll Brothers CR 12 A RESOLUTION AUTHORIZING REIMBURSEMENT TO TOLL BROTHERS FOR COUNTY ROAD 12 IMPROVEMENTS Motion By: Millar Second By: Hedberg WHEREAS, In June of 2005 the City of Prior Lake entered into a Cooperative Agreement with Scott County and a Development Contract with Toll Brothers for the construction of the CR 12 realignment segment; and WHEREAS, Scott County has reimbursed the City for its portion and those funds were placed in the Street Oversize fund for reimbursement to Toll Brothers; and WHEREAS, Toll Brothers has completed the improvements in accordance with the Cooperative Agreements and Development Contract; and WHEREAS, Toll Brothers has requested reimbursement by the City. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein. 2. The City is authorized to reimburse $522,200.00 to Toll Brothers for the CR 12 Improvements. 3. The reimbursement shall be paid from the Street Oversize Fund (503-80205-501). 4. City Staff shall invoice Scott County an additional $22,193 for their portion of the project plus $6,500 for power line relocation costs paid by the City. PASSED AND ADOPTED THIS 19th DAY OF MARCH 2007. YES NO Hauaen X Hauaen Erickson X Erickson Hedbera X Hedbera LeMair X LeMair Millar X Millar I:\COUNCIL\RESOLUTI\ENG&PW RES\2007\07-046 Reimburse Toll Brothers CR 12.doc www.cityofpriorlake.com Phone 952.447.9800 / Fax 952.447.4245