HomeMy WebLinkAbout07-062 Stemmer Ridge Oversize Reimbursement
A RESOLUTION APPROVING AMENDMENT NO.1 TO THE STEMMER RIDGE
DEVELOPMENT CONTRACT
Motion By: Hedberg
Second By: LeMair
WHEREAS, On June 6, 2005, the Prior Lake City Council approved the Development Contract for
Stemmer Ridge with Arcon Development; and
WHEREAS, On August 1, 2005, the City of Prior Lake approved the assignment of the
Development Contract to Toll Brothers, Inc. from Arcon Development; and
WHEREAS, Toll Brothers has completed the improvements in accordance with the Development
Contract with the exception of final punch list items and phase 2; and
WHEREAS, As part of the project the Developer completed certain oversizing improvements as
requested by the City and is requesting reimbursement for those improvements in the
amount of $52,005.00 in accordance with the Development Contract; and
WHEREAS, The Developer has requested an extension for the completion of the phase 2
improvements of one year to December 31,2007.
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 Mayor and City Manager are authorized to execute on the City's behalf Amendment No. 1 to
the Development Contract for Stemmer Ridge.
3. The City is authorized to reimburse $52,005.00 to Toll Brothers, Inc. for the Stemmer Ridge
Oversizing Improvements.
4. The reimbursement shall be paid from the following accounts: Trunk Water Fund Account # 502-
50075-518: $18,825.00, Trunk Sewer Fund Account # 502-50075-519: $27,000.00 and Capital Park
Fund Account # 225-45139-530: $6,180.00.
PASSED AND ADOPTED THIS 16th DAY OF APRIL 2007.
YES
NO
Haugen X Hauaen
Erickson X Erickson
Hedberg X Hedbera
LeMair X LeMair
Millar X Millar
I:\COUNCIL\RESOLUTI\ENG&PW RES\2007\07-062 Stemmer Ridge Oversize Reimbursement.doc
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