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HomeMy WebLinkAbout8 - Forest Oaks & Forest Cir First Additon AGENDA NUMBER: PREPARED BY: SUBJECT: DATE: 8 BRUCE LONEY, ASSISTANT CITY ENGINEER CONTINUE PUBLIC HEARING ON IMPROVEMENT PROJECT 93-13, FOREST CIRCLE AND FOREST OAKS 1ST ADDITION MAY 17, 1993 INTRODUCTION: The purpose of this Agenda item is to conduct a Public Hearing for Project 93-13 and to consider the adoption of Resolution 93-29. BACKGROUND: On February 16, 1993, the Council approved both the Feasibility Study for the ~roject and Resolution 93-05 calling for a Publ1C Hearing on the improvement project. This project was initiated br the developer, Mr. Robert Paschke, who 1S proposing to develop eight (8) single family residential lots along Forest Circle and Fish Point Road. The Public Hearing for the Forest Oaks 1st Addition plat and ~roposed public improvements were to coincide w1th each other on April 5, 1993. The developer did not submitted all of the necessary information for the plat to be reviewed by Staff, the Planning Commission, and the City Council. The public improvement 1993 was opened by the continued by Council Council Meeting. This improvement involves the installation of sanitary sewer, watermain, storm sewer, and street paving for an eight (8) lot subdivision. To serve the development, the private road of Forest Circle is proposed to be improved with concrete curb and gutter, storm sewer, and street paving. This street would also be dedicated, as a public street as a condition of the plat. There are three (3) existing residential homes off of Forest Circle that are affected by the project. Attached to this Agenda report is a location map showing the affected existing lots and proposed subdivision lots. hearing for City Council to the May April 5, and then 17, 1993 4629 Dakota S1. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447,4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLDYER DISCUSSION: ALTERNATIVES: The developer has since submitted the necessary submittals in order for the plat and the improvement project to be reviewed by Planning and Engineering staff. The develo~er has entered into the attached agreement wlth the residents on Forest Circle in which their assessments will not exceed $2,000.00 per individual residence. In the feasibility report, the street assessment for the residential properties off of Forest circle were estimated to be $4,300.00 per lot. Mr. Paschke has verball~ agreed to sign a Developer's Agreement w1th the city and a Waiver and Release of his assessment appeal rights when he returns home on Thursday. Copies of these documents are enclosed for Council review. The developer has requested that the City construct the improvements. The Developer's Agreement requires the developer to pay 25% of the project cost at the time of executing the Developer's Agreement plus all fees. These are outlined in the Developer's Agreement. The Council should receive and consider the impact from affected property owners of the proposed improvements. Based on the input received at the hearing and all other relevant factors, the Council can discuss if the project merits approval at this time. Resolution 93-29 is attached which orders the improvement and the preparation of plans which would be done by the City's engineering consultant, Maier Stewart & Associates, Inc. Approval of Resolution 93-29 is in order if the project is to proceed. The alternatives are as follows: 1. Adopt Resolution 93-29 ordering the improvement and preparation of plans for Project 93-l3. Approve a second motion to authorize the Mayor and City Manager to sign the Developers Agreement is also in order. RECOMMENDATION: 2. Deny approval of Resolution 93-29 and abandon Project 93-13 at this time. 3. Table this item for a specific reason(s). staff has no recommendation as to whether the project should be approved or not. Action on the Resolution should be withheld until after the Public Hearing and comments have been received by the property owners. FINANCIAL IMPACT: The cost of the project will be recovered through special assessments. ACTION REQUIRED: The action required will be to make a motion to approve or deny Resolution 93-29. Approve a second motion to authorize the Mayor and City Manager to sign the Developers Agreement is also in order. RESOLUTION 93-29 RESOLUTION ORDERING IMPROVEMENTS AND PREPARATION OF PLANS ON FOREST CIRCLE AND FOREST OAKS FIRST ADDITION (PROJECT #93-13) MOTIONED BY SECONDED BY WHEREAS, pursuant to Resolution 93-05 which the City Council adopted on February 16, 1993 calling for a Public Hearing to be held on the proposed improvement of Forest Circle from Fish Point Road to end terminus and within Forest Oaks First Addition by the construction of grading, sanitary sewer, watermain, storm sewer, aggregate base, concrete curb and gutter, bituminous surfacing and appurtenant work; WHEREAS, ten days mailed notice and two weeks published notice of the hearing was given, and the hearing was called to order on the 5th day of April, 1993 and continued on the 17th day of May, 1993 at which all persons desiring to be heard were given an opportunity to be heard thereon; and NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF PRIOR LAKE, MINNESOTA, that; 1. Such improvement is hereby ordered as proposed Council Resolution 93-05 adopted the l6th February, 1993. 2. The City Engineer and the city's engineering consultant, Maier Stewart & Associates, Inc. are hereby designated as the Engineer for this improvement. They shall ~repare plans and specifications for the making of this 1mprovement. in day the of Passed and adopted this th day of , 1993. YES NO Andren Fitzgerald Kedrowski Scott White Andren Fitzgerald Kedrowski Scott White Frank Boyles City Manager City of Prior Lake {Seal} 4629 Dakota S1. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447,4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLDYER ,. . . .... -.- - --- . , Valley Surveying Co., P A. SUITE 120-C, FRANKUN TRAIL OFFICE CONDOMINIVM 16670 FRANKUH TRAIL 5.E. PRIOR LAKE, MINNESOTA 55372 TELEPHONE (612) 447-2570 I)C1r-:rrJ TiTUS I 6J I ,,~r.. \ I:' I' r..... /-, I 1\ I ~ \,,,.....1 \z 1-\ILh~II_-.J._- ~.......... y-->- ---\ \ \\~,,~/\ ;>f/ \;'/~>~~<c'''^", \' I 'tl '1~~J~L /"-.. I"' ~U' ~ ~ I I I /'\ '" ~~ /"" ""'--,,/ iG I II I \~~ I \~ I ,:/~ I \':. 1\<0 /./\ \ \.~ ~~~o~ .\ "--- __ _ -L --L -1--1-1 ---L /::: \ \'!:)/ -.x<: ~,"'" /"\ I__TTRAI~ r--- / ',,--- 'I--Y / ""'-- y \..J -j I I / Y Xo~"'< oS ~t;,/y' ~ ~\ IJ J \'': ~ ~ ~, \ iD ~ ,,<;{ :-: "J: ,- \ -, ~ - ~I \ -r \,y~\.:.-----1 ~\ I~-\:; II J u I G ~/ ,:;, I a \,/ \'z..-\ '5\ "'~ ~ - I ~ t:- - \.-< __-\~\ ',- -J .Y,.,', I':>-~\Z '\ -1._ ',G l l1.J )'r ----- ---....L- / (r~ \ I .A <'il. - ,.', ~/ I/'-....... f ~r. __ \ '~ ........ - - ->,......0..- 1 e ~ ^ <:,-'~ ~ 9 I I: Y \ ~\ / \\/-' ,OW ' 2 I ---.L:-:r-=~ - / ~\\ ' ~ {\\/-II/-'" I ~..... / ,,\ S' G ..(~~, "-- ILl \(... ~_/-~ r '1 (,-II 'J :=-~ I/~,^(~ 'L ~-' -t-~~ ~ ~o~f-S L 0; ST !~\D{) '/'J I' / 1 U ../ I-.. [? U ~ 6 -L-___ \ /~" I~L~_-{ r;;ll~ ~5't 0 \---- "'",- " I ~ I~. A I '!> ~ 1 0 I 0 / \ ---.JCilL~~~CJ I~ LJ / '/ Ii. - - 1-. -----1/ 'In. -,t \ FISH 7 ...." ITT-:T~ "-~ 8 ~ I I \~ I ZC z.\ I \ 1~~At)- \ 'i \ I I I / I 1t-~r/11't /" -- -I--\~ I I I / 1/:'''1:-:5' /'~ (\ 0 : \ -<-1,'1;5'/ )~;\:::D"-\ '-~-l,-- ~,\ /,/ /) '-1~0 '\ r, \ \L (....<.j I :;f5 \\ \ ,. )/ '1 AREA LOCATION MAP ~ G'> 111 :: o roo 100 , . sc.&u 'M 'UT o o.r.otw "" ~ Nt . 0rGt".... IfICltVNI"lthu-oll I ""'*1 OIrtify Ih:rt INI ~"..pcnd"'...ot~'"t .,., IlJpel"Vlskwl Gr'd fhIIt I am . ..., LbnMd l#od ~ ....... IN Io'n tJII IN $tote of 'L-;::;... f/' ~ _- 0... r-"-fJ \.IIlWWINO.on 'ILl fI)_ k'lCM _ 1'&01_ CONTRACT FOR DEVELOPMENT OF LAND IN THE CITY OF PRIOR LAKE, MINNESOTA THIS AGREEMENT, made and entered into as of the day of , 19 , by and between the City of Prior Lake, a municipal corporatIOn organized under the laws of the State of Minnesota and JMP Development, Inc., a Minnesota corporation. WITNESSETH THAT: WHEREAS, Developer is a corporation duly organized and existing under the laws of the State of Minnesota and owns the Property within the City of Prior Lake; Scott County, Minnesota, 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 9ranted preliminary plat approval to the Forest Oaks First Add1tion on the condition that, among other things, Developer enter into this Agreement to provide for installation of City Installed and Assessed Improvements and all other improvements hereafter described all on the terms 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 EXHIBITS. In this Agreement the following terms 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, Minnesota, by and between City and Developer JMP Development ( Inc. as the same may be from time to time mod1fied, amended or supplemented. b. "Assessment Agreement" means the contract city, Developer, and affected property city Installed and Financed Improvements, in the form of Exhibit "A". (s) among the owners on the substantially c. "Cash Escrow Deposit" means a cash deposit with the city Finance Director in the amount of $ 22,500.00 (25% of Cost of Improvements). 1 d. "Cit:(' means the City of Prior Lake, a governmental subd1vision of the state of Minnesota. e. "city Attorney" means the City Attorney of the city of Prior Lake. f. "City Council" means the Prior Lake City Council. g. "City Engineer" means the City Engineer of the City of Prior Lake. h. "City Finance Director" means the City Finance of the City of Prior Lake. i. "Cost of Improvements" means the cost of city and Assessed Improvements as estimated by Engineer on Exhibit B in the City Engineer's absolute discretion. Director Installed the City sole and j. "Developer means JMP Development Inc., a Minnesota corporation, its successors and assigns. k. "city Installed and Assessed Improvements" means the construction work to be performed by a General Contractor hired by the City on the Property including, but not limited to, clearing and grubbing, grading, the trees, topsoil and sodding, sidewalks and driveways, curb-stop adjustments, street lighting, streets, curb and gutter, water supply, sanitarr sewer, storm sewer/storm water improvements, dra1nage, Permanent street Improvements and Traffic Signing Improvements to be performed, installed or constructed upon the Pro~erty pursuant to this Agreement, the plans, specificat1ons, drawings and related documents, and in accordance with the policies and ordinances of City as city may adopt from time to time, and pursuant to Minnesota Statutes Chapter 429. l. "Event of Default" shall mean whenever it is used in this A9reement anyone or more of the following events: (i) fa1lure by Developer to timely pay all real property taxes assessed with respect to the Property; (ii) failure by Developer to observe or perform any convenant, condition, obligation or agreement on its part to be observed or ~erformed under this Agreement; (iii) transfer of any 1nterest in Developer or (iv) failure to pay the fees required by city. m. "Including" means including, but not limited to. n. "Letter of Credit" means an irrevocable letter of credit in the amount of $ zero (25% of Cost of Improvements) in the form of Exhibit c. o. "Permanent street Improvements" means permanent street surfacing in accordance with the policies and ordinances of City as City may adopt from time to time. 2 p. "Property" means the real property, together with improvements, if any, described in Exhibit D. q. "Registered Professional Engineer" means currently licensed in civil Engineering Minnesota state Board of Registration for Engineers, and Land Surveyors. r. "Sewer and Water Improvements" means sanitary sewer and water laterals or extensions including all necessary building services in accordance with the ~olicies and ordinances of city as city may adopt from t1me to time. a person with the Architects, s. "storm Sewer Improvements" means storm sewers, catch basins, inlets and other ap~urtenances when determined to be necessary by City Eng1neer in accordance with the policies and ordinances of City as City may adopt from time to time. t. "street Im~rovements" means street grading, graveling, and stabil1zing including construction of boulevards and turf establishment in accordance with policies and ordinances of City as City may adopt from time to time. u. "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. v. "Traffic Signing Improvements" means standard street name signs at all newly opened intersections and such other traffic control signs within the Subdivision 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. "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. x. "Construction Inspection of Developer Projects" means the inspection of City's Installed and Financed Improvements by city Engineering Personnel or by consultant engineers hired by the City, the costs of which are included in the Chapter 429 Assessments. 3 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 an~ particular section or subsection hereof are to the sectlon 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 provision. The following exhibits are attached hereto and by reference made a part of this Agreement: Exhibit A - Assessment Agreement (s) Exhibit B Improvements Exhibit C - Letter of Credit Cost of City Installed and Assessed Exhibit D - Property Identification Exhibit E - Minnesota statutes Chapter 429 - Engineer's Estimate of City Installed and Assessed Improvements 2. CITY IMPROVEMENTS After the final plat has been recorded with the Scott County Recorder's Office by the Developer, City shall construct and install, at City's expense (except as hereinafter provided), and pursuant to the Assessment Procedures contained in Minnesota statutes Chapter 429 and in accordance with the Assessment Agreement (s), the City Installed and Assessed Improvements. PROVIDED, HOWEVER, in the event the bid received by the Cit~ from the lowest responsible bidder exceeds the Eng1neer's estimated cost for such improvements, the City, as its sole discretion, may elect not to proceed with the construction and installation of the City Installed and Assessed Improvements unless payment for such increased Improvement costs are resolved, in writing, to the satisfaction of the City. 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. 4 3. DEVELOPER REPRESENTATIONS Develo~er represents and warrants that neither the execut10n and delivery of this Agreement, the consummation of the transactions contem~lated hereby, nor the fulfillment of or a compliance w1th the terms and conditions of this Agreement is prevented or limited by, or in conflict with or will result in breach of, the terms, conditions or provisions of any restriction of Developer, or evidence of indebtedness, agreement or instrument of whatever nature to which Developer is not 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 the City Installed and Assessed Improvements. 4. FEES Developer shall pay the city upon demand the following fees: Park Dedication Fee Storm Water Fee Collector Street Fee Signage Fee $ $ $ $ 3,008.00 23,302.44 2,228.96 50.00 5. ACCEPTANCE OF SUBDIVISION AND CITY ASSESSED IMPROVEMENTS INSTALLED AND city will accept the Subdivision which has been completed in accordance with the prov1s1ons of this Agreement and the contract between City and the General Contractor awarded the City Installed and Assessed Improvements Contract. Developer shall furnish to City a Letter of Credit or a Cash Escrow Deposit at City's sole option guaranteeing satisfactory performance of the City Installed and Assessed Improvements in an amount equal to 25% of the original cost of the city Installed and Assessed Improvements which shall be in force for one year following acceptance of the City Installed and Assessed Improvements. Upon final completion of the City Installed and Assessed Improvements, in accordance with the contract between the General Contractor and City, the City En9ineer shall accept the completed improvements in wr1ting. The Warranty Period shall begin effective the date that the city Engineer accepts the completed improvements, in writing. 6. RELEASE, HOLD HARMLESS Developer releases from and covenants City and the governing body members, and agrees that offices, agents, 5 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 injury to or death of any person occurring at or about or resulting from any defect in the Property. 7. DEFAULT Whenever an Event of Default occurs, city may take any one or more of the following actions without notification: A. City may suspend its Agreement. B. City may cancel and rescind this Agreement. performance under the C. City may draw upon any guarant~, the Cash Escrow Deposit, and/or Letter of Cred1t provided to City pursuant to any of the terms of this Agreement according to their terms. D. Cit~ may take whatever action, including legal or adm1nistrative 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. E. City may suspend issuance of Building Permits and/or Occupancy Permits on Developer's lots. 8. NON-DISCRIMINATION The provisions of Minnesota Statutes, section 181.59, and of Chapter 1l, Title 1 of the Prior Lake City Code as ma~ be modified, which relate to civil rights and discrlmination and affirmative action shall be considered a part of this Agreement as though whollr set forth herein, and Developer agrees to comply therew1th. 9. ASSIGNMENT Developer represents and agrees for its successors and assi9ns that Developer has not made or created and that it w111 not make or create or suffer to be made or created any total or partial sale, assi9nment, conveyance or any trust or power to transfer 1n any other mode or form of or with respect to this Agreement or in Developer without the prior written approval of the city. 6 10. 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 u~on all future owners of any or any part of the Subdivis10n 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 the 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 it 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, b~ certified mail (return receipt requested). Such not1ce 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 the City: City Engineer CITY OF PRIOR LAKE 4629 Dakota Street S.E. Prior Lake, MN 55372 with a copy to: Glenn R. Kessel, Esq. LOMMEN, NELSON, COLE & STAGEBERG, P.A. 1800 IDS Center 80 South 8th Street Minneapolis, MN 55402 If to Developer: Robert A. Paschke, President JMP Development, INC. P.O. Box 642 Prior Lake, MN 55372 Where this Agreement or any provision hereof makes the time of such performance subject to Unavoidable Delay, the time or times for such performances 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 7 notified the other party thereof in writing, and of the cause or causes thereof, and requested and extension for the period of such delay. This Agreement may be amended by written instrument executed procedures and formality followed 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. the parties hereto in accordance with for the execution only by the same of this 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 instrument. 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 therefor, pay to the city the reasonable fees of such attorneys and such other expenses so incurred by city. Developer agrees to hold harmless, 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, Agreement to be duly written. City and Developer have caused this executed on the day and year first above Approved by the city council on the day of , 1921-. APPROVED AS TO FORM: DEVELOPER: JMP Development, Inc. By Glenn Kessel By Its President CITY OF PRIOR LAKE: By Its Mayor By Its city Manager [This Agreement must be signed by all parties having an interest in the Property.] 8 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 munic1~al corporation, named in the foregoing instrument; and that sa1d instrument was signed on behalf of the municipal corporation by authority of its city Council 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 day of its President corporation. instrument was acknowledged before me this , 19 , by , on behalf of J~Development, Inc., a Minnesota Notary Public 9 EXHIBIT A WAIVER AND RELEASE WHEREAS, we are the owners of certain real property abutting upon Forest Circle within the Shangri-La Subdivision, Scott County, Minnesota, located in the City of Prior Lake (hereinafter referred to as "city") and, WHEREAS, we have received notice of a request by Robert Paschke, Developer to the City for the construction of certain improvements, to-wit: Forest Circle from Fish Point Road to end terminus and within proposed Forest Oaks First Addition Subdivision by the construction of grading, sanitary sewer, watermain, storm sewer, aggregate base, concrete curb and gutter, bituminous surfacing and appurtenant work; (hereinafter referred to as "Improvements"), and WHEREAS, (hereinafter referred to as " JMP Development, Inc. JMP II , is the owner of real property, legally described as follows: That part of Government Lots 1 and 2, section 36, Township 115, Range 22, Scott County, Minnesota described as follows: Commencing at the southeast corner of said Lot 1; thence north along the east line of said Lot l, a distance of 400.00 feet; thence deflecting to the left 89 degrees 22 minutes 00 seconds a distance of 600.00 feet to the actual point of beginning; thence continuing along the last described course a distance of 302.30 feet; thence south parallel with said east line a distance of 473.3 feet more or less to the new ri9ht-of-way line of Maves Road; thence southeasterly along sa1d new right-of-way and right-of-way line to its intersection with a line drawn south parallel with said east line from the point of beginning; thence north along said parallel line to the point of beginning , abutting upon Forest Circle thereby are affected by any Improvements, and within said Improvements and resolution authorizing said order and authorize said Improvements pursuant the to City to Minnesota WHEREAS, JMP , as an inducement for statutes Chapter 429, which provisions grant affected property owners certain procedural and legal rights regarding said Chapter 429 proceedings, desire to waive and release certain of their rights and agree to be bound by the assessments regarding the Improvements authorized by the city, NOW, THEREFORE, JMP hereby covenant and agree as follows: l. That in the event City determines to make said Improvements and let the contract for all or part of said Improvements pursuant to Minnesota statute Chapter 429, JMP hereby convenant and agree to waive and release City of any and all rights they may have under Chapter 429 with respect to issues of procedure, legality of proceedings, and/or apportionment of the cost of the Improvements in the amount of their assessment, PROVIDED, HOWEVER, the actual amount assessed against the above-described property of JMP will not exceed $ 90,000.00. 2. That in the event the amount to be assessed against the above-described property exceeds $ 90,000.00, then JMP may object to the apportionment of the assessment costs but only with respect to the issue that said assessment is in excess of the benefits received to the above-described property, however, only to the extent said Improvements and assessment exceed $ 90,000.00. IN WITNESS WHEREOF, the undersigned has executed this Waiver and Release this day of , 19 _' APPROVED AS TO FORM: Robert A. Paschke, President JMP DEVELOPMENT, INC. By Glenn Kessel THIS INSTRUMENT WAS DRAFTED BY: Lommen, Nelson, Cole & Stageberg, P.A. 80 South 8th Street, suite 1800 Minneapolis, MN 55402 (612) 339-8131 (WAIV1) EXHIBIT B COST OF CITY INSTALLED AND ASSESSED IMPRROVEMENTS The following is a summary of developer and City costs for Forest Oaks First Addition. The net area of the final plat is 138,705 Sq. Ft. DEVELOPER COSTS DEVELOPER OWES CITY $22,500.00 $23,302.44 $ 2,228.96 $ 3,008.00 $ 50.00 $51,089.40 25% Cost of Improvements Stormwater Management Fee Collector street Fee Park Dedication Fee Signage Fee FOREST OAKS FIRST ADDITION The following is an itemization of the project costs: ITEM COST $ l1,000.00 $ 42,000.00 $ 43,000.00 $ 25,000.00 $121,000.00 Grading sanitary Sewer & Watermain Street Storm Sewer TOTAL PROJECT COST (INCL. 30% INDIRECT) Determine 25% Cost of Improvements: Total Project Cost Minus Street Assessment to Existing Forest Circle residents (3 lots @ $2000jlot) NET UNIT ASSESSMENT - 7 lots $121,000.00 $ 6,000.00 $ 25,000.00 $ 90,000.00 $ 22,500.00 $ 9,642.86/LOT Minus storm Water Improvement Cost (Trunk Reserve Fund Expenditure) Developer Cost of Improvements Developer 25% Cost of Improvements Developer Trunk Sewer & watermain Fee has been previously assessed. Determine Developer Stormwater Management Fee: Net Lot Area is 138,705 Sq. Ft. $.168/Sq. Ft. (138,705 Sq. Ft.) = $23,302.44 Determine Developer Collector Street Fee: Net Lot Area is 138,705 Sq. Ft. $700/Ac (138,705 Sq. Ft.)/43,560 Sq. Ft~/AC = $ 2,228.96 Determine Developer Park Dedication Fee: Gross Plat Area is 3.76 acres, with Park Dedication Fee is based on 10% of the raw land value at $8,000.00 per acre times the gross plat area if land is not dedicated to the City. Park Dedication Fee is calculated to be as follows: 10% ($8,000.00/Ac x 3.76 acres) = $ 3,008.00 EXHIBIT C NO. DATE: TO: CITY OF PRIOR LAKE 2649 DAKOTA STREET SE PRIOR LAKE MN 55372 Dear Sir or Madam: We open Irrevocable Standby Letter of Credit No. the amount of USD $ AMOUNT (SPELL OUT DOLLAR AMOUNT USDLRS) in 00/11 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 availaple 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 CONDITION(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 ~eriod from the present expiration date, unless (90) n1nety 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 Minnesota. BANK NAME 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 counters. Documents to be directed to: BANK NAME & ADDRESS 15 ~ C'l 1>1 i\i o 50 100 L-- . SCAU: IN nET O~"'"~.... . o.notn IrOI'I ~ fcu'W .' ..j .......... I ... -... EXHIBIT D \kJlley Surveying Co., P. A . SUITE I2O-C, F'RAM<UN TRAIL Ofl'lCE OONOOMINlUM 16670 FRANKUN TRAIL 50!. PRIOR LAKE, MINNESOTA ~372 TELEPHONE (6121441-2570 ~ :lJRn:1OR/D~IC.D: uu.n SURn:n1C 00.. P. I. 16670 ~n.I.I TUl1. sx SlIlU: l2O-C PtUOR I..l.U, IU.DI:5OTl ~~m (612) ....1-2570 -,,. .; . I I I I , I J I I , I \ \ SITE LOCATION MAP 's ::.~ '::-=-'"1 \ , \ urturr It O'IA_C;C [SII'r ,U $~ AI'I'C '""EET It RC_ rAIIO 10'-1', "Of: Y."O STr ..,,~ OT.:~fC__.- TOT.lL PROPDlTI DESCRIPTIO_, That part or Gou~nt l..ota 1 IUld 2, s.oUoa 36. Count,. 'linn..ota d<I.crlbed .. 1011_. Co-enc1nt; .t the AOUth...t ao~r of M.ld Lot 11 ~ nortb &1one the _.t l..1.D. or .dd Lot 1, . dhUncI or 1?OO.00 l_t, thenoc d..tl~1nI to u. l.n 89 d.~ 22 ,1nut.. 00 8e(;On<1ll .. dUUnc4 or 600.00 t_t to U. ao'tual poillt of N.!.nn.UIc1 thene. Qont1nui.n& alone the a.t d.lltCrlbed couree . dJ..ta.nc. or )02.)0 t_'tl th.ne. ItOUth paralld with Mid ...t line . dbtance 01. .13.' t..t ~ 01' 1... _ UM n.. dlht-ot-lI"" line of ,,-,,_ Ioadl tMnoe ~tu1t alone aaid ... rl.,nt-<lt-wat and rlJht-ot-.., 11M to it. lDt.necUoc dth . l.1zw 4n."II eouO p.nlhl with Add ...t lilM troe the po1nt. 01 boI&UnJ..nc1 u.so. aor1:h a1.anc ...u p...ullel line to th. po1l1\ of ~ctnn1nc. SIn: DADI 1O'UL PROPDTT &aU '.76~ lRU at ROADliU 0.58 .~ lIEf PUT .... '.18.o..re. IDSITl/oa .IC 2.~1 acn J:OSmI: UlIInC 1-' I'IIOI'OSD> ..... ... 1-' I her.,. c.Ntty tN7 "'* pnlim.pId WOI pnpond tit" fM or ~ ..., .rec:t 1UpW"ft5kln otd ".,. I ..... . ~ L..IaNed lO"ld ~ \II'Ider...lowttiltMSIGf-.., ~L~-1~_ DoIo.z7'S-'i'~ .-..NOlOIn 'ILI HO-!..!.!!..--. IJO(W( _ ".or_ /~ EXHIBIT E VALLEY ENGINEERING CO., INC. Civil Engineering (or Public Works and Private Industry February 5, 1993 Mr. Larry Anderson, P. E. Director of Public Works City of Prior Lake 4629 Dakota Street, S.E. Prior Lake, MN'S5372 Re: Engineer's Preliminary Construction Cost Estimate for Forest Oaks Fint Addition, Prior Lake, Minnesota. "' , . Dear Larry: I have prepared the Preliminary Engineer's Construction Cost Estimate for the subject project as shown In the attached itemized form. The public works portion of the construction estimate is summarized as follows. SCHEDULE 2 - PART A - Sanitary Sewer $ 9,054 PART B - Watennaln $ 18,191 PART C - Stann Sewer $ 17,845 SCHEDULE 3 - PART B - Local Streets $ 30,194 SCHEDULE 4 - landscaping $ 2,100 CONTINGENCIES @ 10% of Raw Construction Cost $ 7,738 TOTAl SCHEDULES 2 thru 4 $ 85,122 Please use this Inlonnatlon In preparing your feasibility report. Thank you for the opportunity to be of service. .~ .. c.c. Bob Paschke Ron Swanson' :" * For additional cost estimates and ~ost summary, see Exhibit E, Sheet 4. 7301 Ohms Lane, Suite 500 Minneapolis, Minnesota 55439 (612) 832.9475 . Fax 832.9542 PRELIMINARY CO'NSTRUCTION COST ESTIMATE PROJECT IDENTIF1CATION~ Forest 0akJ Flnt Addition SANITARY SEWER, WATERMAIN, STORM sewER & STREETS Prior Lake, Mlnnesota ' . THIS ESTIMATE IS SUBMITTED TO~ Robert Paschke clO VaDey surveying Co., Inc. 16670 Franklin TraD S.E. Suite 120C Prior lake, MN 55372 Date: February 5. 1993 ~HEDULE OF ESTIMATED QUANTITIES AND PRICES:. . '- IlEM ' DESCRIPTION UNITS QUANTITY UNIT TOTALS NO. PRICE $CHEDULE 2. SANITARY SEWER, WATERMAIN & STORM SEWER:. PART A . SANITARY SEWER: A.01 8" PVC SDR 35 Sewer Pipe (0' to 10' Depth) L.F. 100 $ 15.50 $ 1,550.00 A.02 8" PVC SDR 35 Sewer Pipe (10' to 12' Depth) L.F. 110 $ 16.50 $ 1,815.00 A.rtJ Construct Manhole Over ExIstIng 1S' RCP EACH 1 $ 500.00 $ 500.00 A.04 Standard 48" Manholes (0' to 8' Depth) including Casting & Adlustlng Rings EACH 1 $ 930.00 $ 930.00 A.05 Manhole Extra Depth .. . overS' L.F. 6 $ 71.00 $ 426.00 A.OS 41 Saddle Connection to ExJs1fng 1S' RCP EACH 1 $ 240.00 $ 240.00 A.07 8' x 41 PVC Wyes EACH 6 $ 37.00 $ 222.00 A.OS .4' PVC Service PIpe L.F. 300 $ 8.25 $ 2,475.00 A.CS Granular Bedding TONS 130 $ 5.15 $ 669.50 A.10 Crushed Rock StablUzer TONS 20 $ 11.30 $ 226.00 A.11 SUBTOTAL PART A. SCHEDULE 2. SANITARY SEWER. . . . . . . . . . . . . . . $ 9,053.50 , ,~ C.11 Crushed Rock StabUlzer TONS 20 $ 11.30 $ 226.00 C.13 SUBTOTAL PART C, SCHEDULE 2 - STORM SEWER. .. .............. $ 17 ,845.00 TOTAL SCHEDULE 2, PARTS A, 8 & C.. · . · · .' . · . . . . . . . . . . . . . . . . . . . . . . . . . . $ 45,089.05 SCHEDULE 3 . STREET: LOCAL STREETS - ( 7 TON - 28' F-F)~ 3.01 Subgrade Preparation STA. 7.9 $ 350.00 $ 2,765.00 3.02 Test Rolltng STA. 7.9 $ 10.00 $ 79.00 3.03 41 Agg. Base MnOOT CI. 5 100% Crushed TONS 700 . $ 7.30 $ 5,110.00 " ,3.04 Surmountable Conc;rete Curb and Gutter \nctudlng Remowls, Class 5 Agg., TopsoO & Seed and Mulch to Boulevard L.F. 1385, $ 4.63 $ 6,412.55 3.05 3' MnOOT 2331 Bituminous Base Course TONS 430 $ 21.00 $ 9,030.00 3.oe Adlust Manholes EACH 2 $ 155.00 $ 310.00 3.07 Adlust Catch Basins EACH 4 $ 103.00 $ 412.00 3.08 Adlust Gate Valves EACH 0 $ 103.00 $ 0.00 3.09 Bituminous Tack Coat S.Y. 2360 $ 0.10 $ 236.00 3.10 1-1/2' MnOOT 2341 Wearing CoUrse MIx TONS 215 $ 26.00 $ 5,590.00 3.11 Silt Fence Maintenance LF. 100 . .; $ . 2.50 $ 250.00 3.12 SUBTOTAL-SCHEDULE3 $ 30,194.55 3.13 TOTAL SCHEDULE 3 $ 30,1G4.SS SCHEDULE 4 . LANDSCAPING 4.01 Boulevard Trees Each 14 . $ 150.00 $ 2,100.00 4.02 SUBTOTAL SCHEOULE 4 $ 2,100.00 4.03 TOTAL SCHEDULE 4 $ , 2,100.00 GRAND TOTAL SCHEDULES 1, 2. 3 . 4 · · · · · · · . · · · . · · · . . · · · . . . . . . · . . . . . . . $ 77,383.80 1 i I N T E R 0 F F ICE M E M 0 TO: FOREST CIRCLE & FOREST PROJECT FILE BRUCE LONEY, ASSISTANT ENGINEER'S ESTIMATE OF IMPROVEMENTS - EXHIBIT MAY 11, 1993 OAKS FIRST ADDN IMPROVEMENT CITY ENGINEER CITY INSTALLED AND ASSESSED E, DEVELOPER'S AGREEMENT FROM: SUBJECT: ;6~ DATE: This memorandum is in regard to the grading work and cost for Project 93-13, Forest Circle and Forest Oaks First Addition and is included in the Developer's Agreement as Exhibit E, Sheet 4. The cost of the grading work to grade the streets and the building pads for Lot 5 and Lot 7 was not included in the initial feasibility study. The developer, Robert Paschke, has requested that the work be included and assessed to his property. Cost of the grading work has been estimated br Ron Swanson to be an additional $11,000.00 including indlrect costs. This cost of $11,000.00 will be added to the project cost for the Developer's Agreement with the City as follows: ITEM DESCRIPTION CONSTRUCTION COST SCHEDULE 1 - GRADING $ 8,461.54 SCHEDULE 2 - SANITARY SEWER, $51,538.46 WATERMAIN, & STORM SEWER SCHEDULE 3 - STREET $33,076.92 & SCHEDULE 4 - LANDSCAPING INCLUDES CONTINGENCIES OF lOt CONSTRUCTION COST 4 TOTAL COST INCL. (30%) INDIRECT COST $11,000.00 $67,000.00 $43,000.00 4629 Dakota S1. S.E" Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447,4245 AN EQUAL OPPORTUNITY EMPLDYER