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HomeMy WebLinkAbout4C - Carriage Hills Second Addition 'CH2NO" STAFF AGENDA REPORT AGENDA #: PREPARED BY: SUBJECT: DATE: Consent (c) DEB GARROSS, ASSISTANT CITY PLANNER CONSIDER APPROVAL OF FINAL PLAT FOR CARRIAGE HILLS SECOND ADDITION (RESOLUTION 93-39) JUNE 7, 1993 INTRODUCTION: Warren J. Israelson, Progress Land Company, Inc., has filed for final plat and developers agreement approval for "Carriage Hills Second Addition." The final plat is being filed in accordance with Sections 6-5-1 and 6-7-1 through 6-7-17 of the Subdivision Ordinance. BACKGROUND: The principle requirements for final plat approval include a signed developers agreement with surety for the installation of utilities and streets and the satisfactory completion of all preliminary plat contingencies. The preliminary plat was approved by the City Council on June I, 1992 contingent upon eight items (See attached minutes from June 1, 1992). Items 1,2, 6, 7, and 8 apply to the final plat. There are a total of 214 lots in the subdivision. The second addition contains 54 lots, one park and trail access from Carriage Lane to the park. The trail connection from Carriage Lane to the park will be installed with other street improvements as part of the developers agreement for the second phase. Also, two trail entrances within Carriage Hills First Addition will be constructed as part of the developers agreement for the second phase. DISCUSSION: All conditions of the preliminary plat relative to this phase have been satisfied or will be accounted for in the developers agreement and attached Resolution 93-39. The park dedication has been satisfied with the land dedication of Outlot C, to the City of Prior Lake. The developers agreement, prepared by Bruce Loney, is attached to the agenda packet. The agreement specifies that the developer is responsible for installation of all utilities, streets, park trails and all other improvements as required by the sulxlivision ordinance. 4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447.4245 AN EQUAL OPPORTUNITY EMPLOYER ALTERNATIVES: RECOMMENDATION: ACTION REQUIRED: The second phase of the development contains 54 lots. all of which meet or exceed the minimum zoning standards. The final plat for the second phase has been reviewed by staff and found to be in substantial compliance with the preliminary plat. 1. Adopt Resolution 93-39 approving the final plat of Carriage Hills Second Addition and outlining conditions to be met prior to release of hardshell. 2. Deny the final plat for specific reasons finding inconsistency with the approved preliminary plat. 3. Continue the discussion for additional information or to allow the Council additional time to review the issues related to the developers agreement. Alternative number 1. Motion to adopt Resolution 93-39 approving the final plat of Carriage Hills Second Addition. . RS9339" RESOLUTION 93-39 RESOLUTION OF THE PRIOR LAKE CITY COUNCIL SETTING FORTH ITEMS TO BE COMPLETE PRIOR TO RELEASE OF, AND RECORDING OF HARDSHELL FOR CARRIAGE HILLS SECOND ADDITION. MOTION BY: SECOND BY: WHEREAS, the City Council has approved the Final Plat of Carriage Hills Second Addition; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA, that it should and hereby does require the following items to be complete, prior to release of, and recording of said plat: 1. The hardshell dedication, language and format be subject to approval by the City Attorney. 2. A title opinion for the plat be acceptable to the City Attorney. 3. Outlots A and C, Carriage Hills Second Addition be given to the City in a manner acceptable to the City Attorney. 4. All utility, drainage, storm sewer, temporary and other easements required by the City Engineer, be granted to the City of Prior Lake in a manner acceptable to the City Attorney. 5. A signed and executed developers agreement as required by the City Engineer. 6. Payment of all required fees including but not limited to a $270.00 dollar final plat fee and all fees outlined in the developers agreement. 7. Park support fees in accordance with City Policy, be paid at the time of building permit. 8. Building permits shall not be issued until a contract has been awarded for the construction of municipal sewer and water. Occupancy permits will not be issued until improvements are accepted by the City Engineer. 9. No building permits shall be issued until the final plat is fIled and recorded with Scott County. 4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLDYER 10. Homes built upon lots within the subdivision will be subject to architectural controls, the 22% lot coverage ratio, and 30% impervious surface coverage as provided by City Ordinances. 11. Submittal of 4 sets of mylar copies of the entire plat with all required signatures and reduced copies of the entire plat to the following scales: 1" = 200', 1" = 800' and one reduction at no scale which will fit on an 8th x 11" sheet of paper. Reductions must show the 15' sanitary sewer easement between Lots 10 and 11, Block 1, Carriage Hills Second Addition. 12. The "City Copy" hardshell, containing all required signatures be returned to the Prior Lake Planning Office prior to issuance of any building permits for the plat. Passed and adopted this 7th day of June, 1993. YES NO Andren Fitzgerald Kedrowski Scott White Andren Fitzgerald Kedrowski Scott White Frank Boyles City Manager City of Prior Lake { Seal } ~ ~ ~ G ~ h: ....... ~ ~ ~ ~ C:) ~ tr) (/) '-.J '-.J ....... :t 10M"''''. ..... AI IIC "'1' .", .....I~..'::a. #0 ~ !. ~! Ai r. .. " . ... ,.' .' . ; : . ~ t i ~ r , i II ~ :-... o -' ... " o ...... 1_-, ~ II. CJ <, 100'..'. .... .,. "'" "..It......... ..... ~ .. I ... o -' ... 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City Manager Unrnacht reviewed the results of the May 18 meeting at which t1me Council requested the developer to study and consider a redesign of the western portion of the development to eliminate the long, straight streets and to consider other aspects of the subdivision which neighbors and Council discussed at the meeting. Unmacht then outlined t~e procedure to be followed during the hearing. Developer, Warren Israelson, presented a sketch of the redesigned plat and explained the changes which included three additional cUl-de-sacs, one more access to the park, proposed sidewalks and brick pavers at the park entrances. City Planner Graser addressed the Council and explained that the major issues and primary concerns of the long streets, landscaping and berm treatment of the easements along CR 21, park access, parkland dedication, wetland treatment and density issues -had been addressed satisfactorily to staff. Graser also stated that the Metropolitan community Development Committee of the Metropolitan Council voted to recommend approval of Prior Lake's Comprehensive Plan Amendment. The following residents spoke on the issue, directed questions to staff, and complimented the developer on the redesign: Bob Cavill 14909 Manitou Road Maryanne K. Whiting 14897 Manitou Road Carl Hanson 4065 Raspberry Ridge (*Carl Hanson distributed a copy of the Raspberry Subdivision covenants for Council's information.) Extensive discussion occurred on the placement of sidewalks and brick pavers, drainage, access to undeveloped land and trailways to the parks. Extensive discussion occurred on the Wetland Management Act and the Metropolitan Council Review Process. Ridge Further discussion occurred on the Comprehensive Plan and zoning concepts. A re9Uest was made on behalf of the residents by Marranne K. Whit1ng that the City consider implementing an env1ronmental task force and hold town meetings on the Comprehensive Plan in order to obtain citizen input. MOTION MADE BY FITZGERALD, SECONDED BY KEDROWSKI, TO APPROVE PRELIMINARY PLAT OF CARRIAGE HILLS SUBDIVISION SUBJECT TO FOLLOWING CONDITIONS: 1. All utility and grading plans be acceptable to the city Engineer. 2. All outlots be dedicated to the City. 3. The wetlands mitigation plans be acceptable to the City Engineer. 4. Three road medians be included in the southerly east/west roadway in the plat to be paid for by the applicant and incorporating brick pavers. THE THE 4 C Q/V/..i... ari-' H.iJM 'P 17.. e.l.i.m 'Plat 'P 17.. e.Li..m. 'Plat CG./U.ane H .iJM" Minutes ot the Prior Lake city Council June 1, 1992 5. A sidewalk to be included on the north side of the most southerly east/west roadway in the plat to be paid for by the developer. 6. The applicant receive all necessary state agency permits. 7. A planting plan acceptable to staff be submitted to screen the lots in the northwest part of the plat from County Road 21. The planting plan will be implemented via the Prior Lake developer's agreement. In the event County Road 21 has not been upgraded when the phase of development occurs which includes the lots in the northwest part of the plat, then the estimated cost of landscaping shall be placed in escrow. The planting ~lan shall be implemented shortly after the roadway is 1mplemented. 8. That brick pavers be introduced where trails cross streets and at all park entrances. Further discussion occurred regarding sidewalks_ 'on the north/south collector street. Mr. Israelson commented on this issue. Planner Graser discussed the criteria for the establishment of sidewalks and recommended crosswalks delineated by brick pavers at all intersections instead ot a sidewalk on the north/south street. Councilmember Fitzgerald re9Uested that prior to another subdivision request for considerat~on, that the City Council have clear guidelines with respect to the location of sidewalks. Council concurred. City Manager Unmacht asked for a clarification as to the placement of the brick pavers in Carriage Hills. Upon a vote taken, ayes by Andren, Fitzgerald, Kedrowski, and White, the motion passed unanimously. A short recess was called. Scott The meeting was reconvened at 10:15 p.m. The following topics were discussed: A short discussion occurred on the status of the cable television franchise transfer process in the City of Savage. HRA 's $1.00 BUD Program Council directed City Manager HUD Unmacht to check with Bill Jaffa to find out whether this program will allow homes to be removed from the tax rolls. Aerial survey of the lake by the DNR to spot milfoil. Staff reported that the DNR will conduct survey with infrared detection cameras. This expected to produce a clearer picture as to the milfoil infestation in the lake. eurasian an aerial method is extent of CLVUMi..QJ ttJJ)./.ou 5 \ APFtICATIOO FOR 'mE suBoIVISIOO OF LAND wrmrn '!HE CITY OF PRIOR LARE R#ALP/cd- r-' .1'1 -..... , t Property Owner: PrO(;JTf'!~~ Li'lnn ~()mp;my r 1 TnC"' Address: 14300 Nicollp-t Court, Suih" ~~r:;. Subdivider: Progress Land Compi'lny, Tn~ Address: 14300 Nicollet Court.. Sui h::. r~r:;, Agent: Warren J. Israelson Address: 14300 Nicollet Court, Suitp- :ns, Phone: 4 1t; - 11 1 t; ~l1rnc::nri 11E'>. MN t;t;~~7 Phone: 4 1t; - 11 1 t; ~l1rnc::;vi11E'>. MN t;t;~~7 Phone: 4 1t; - 11 1 t; ~urn~vi11E'>, MN t;C;~~7 Name of Surveyor: Name of Engineer: . Proqress Enqineering, Inc. Phone: 41S-111C; Proqress Engineerin~. Inc. Phone: 43S-111S Legal Description of Property: ; Carriage Hills Second Addition Property Idenification Nunber (PID): 25-284065-0 Present Zoning: R-1 Pro:t:e rty Acr eage : 20 Acres Deed Restrictions: No Yes X If so, please attach. Has the Applicant previously sought to plat, rezone, obtain a variance or conditional use permit on the subject site or artj part of it: No Yes X What was requested: PrE'> 1 i mi n~ry Pl ~ t- When: 1992 I have read the Prior Lake Subdi vision Ordinance and agree to pr0\7ide the information and do the work in accordance with the pr0\7isions of the ordinance. , Llt(/ Fee Owner Signature Date 3/zC/15 Date 'lllIS SECl'ION '10 BE FILLED rn BY 'lllE PLANNIro DIRFnUR ~ OOMMISSlOO CITY a:>uN:IL <DNDITIOOS: APFROJED APFROVED DENIED DENIED OM'E OF HF.ARIro DATE OF HF.ARIro Signature of the Planning Director Date CARRIAGE HILLS SECOND ADDITION LOT AREAS GROSS LOT GROSS LOT LOT BLOCK AREA WIDTH LOT BLOCK AREA WIDTH 1 1 21,308 l21. 38 1 2 lO,693 84.00 2 1 12,154 96.00 2 2 Il,081 83.67 3 1 lO,240 80.00 3 2 l2,190 94.94 4 1 22,2l9 86.29 4 2 12,l25 96.00 5 1 l7,602 88.57 5 2 ll,l85 80.00 6 1 18,427 83.85 6 2 10,040 88.31 7 1 20,696 80.00 7 2 lO,055 llO.72 8 1 l8,523 80.00 8 2 lO,34l 80.00 9 1 l5,698 80.00 9 2 12,279 96.00 10 1 15,486 80.33 10 2 15,693 82.0l II 1 2l,402 80.04 II 2 l7,228 82.0l 12 1 16,987 80.04 12 2 13,223 82.01 13 1 20,937 80.04 l3 2 l3,9l8 81. 99 l4 1 l2,l7l 96.00 14 2 l4,562 96.66 l5 1 lO,OOO 80.00 15 2 13,853 8l.29 16 1 17,003 80.22 16 2 10,250 82.00 l7 1 20,409 80.08 l7 2 lO,l97 82.02 l8 I 19,493 80.08 18 2 lO,141 82.82 19 1 24,039 80.03 19 2 10,521 83.40 20 1 lO,954 80.00 20 2 lO,82l 83.35 2l 1 10,298 80.68 21 2 lO,778 82.24 22 I 10,092 91. 02 22 2 12,057 96.00 23 1 lO,282 96.57 1 3 12,499 98.96 2 3 10,460 82.00 3 3 10,7l5 84.00 1 4 10,205 80.00 2 4 10,258 80.00 3 4 12,354 l07.49 1 5 l2,605 96.69 2 5 10,720 80.00 3 5 10,096 80.00 I UII""'V. OJ.'.'~."'''I\I'~I''I' ULt:.U Minnrwt. Untfurm CunYII:)_n('4nl HI_oks (lit78) .....U.'I tl..'~ (.;/,} J.4""w".'ol'~ CorporaHon or p.,tnershlp to Corporatk)n or Partnerthlp No delinquent .taxes and transfer en tered; Certificate of Real Estate Value ( ) filed ( ) not required Certificate of Real Estate Value No. ,19_ County Auditor by Deputy STATE DEED TAX DUE HEREON: $ Date: ,19_ (reserved for recording data) FOR V ALUABLE CONSIDERATION, Proqress Land Company. Inc. ,a Corporation Minnesota, Grantor, hereby conveys and warrants to City of Prior Lake Corporation Scott under the laws of under the laws of Minnesota County, Minnesota, described as follows: , Grantee, a , real property in Outlot A and C, Carriage Hills Second Addition The seller certifies that the seller does not know of any wells on the described real property. (if more space is needed, continue on back' together with all hereditaments and appurtenances belonging thereto, subject to the following exceptions: .\ffix 11<'('<1 Tax Stamp II"TI' By By Its STATE OF MINNESOTA COUNTY OF Scot t } ~. The foregoing was acknowledged before me this by Warren J. Israelson the President of Proqress Land Company. Inc. under the laws of Minnesota NOTA-RiALS-TAMP OR SEAL (oR" "OTHER TITLE OR RANK) 26th day of and and May ,19..2..L rrl, , ...#~~ e. MARY SCHOENBERGER ; NaTAllY PUIlL~lNNESOTA , SCOTT COUNTY .. . IIY COlAM'SSIO/oI EXPIRES "_2Q.g] , a Ta. Statemenu for tbe real property d..crlbed In tblt Imtrummt dlould be Hnt to (Include name and addre.. of Grant..): Tins INSTRUMENT WAS DRAFTED aV(NAME ANO--ADDRESS);l Progress Land Company, Inc. 14300 Nicollet Court Suite 335 Burnsville, MN 55337 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 Proqress Land Company, Inc., a Minnesota corporation. WITNESSETH THAT: WHEREAS, Developer is duly organized to do business in the State of Minnesota and owns the Property within the City of Prior Lake; Scott County, 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 granted preliminary plat approval to the Carriaqe Hills on the condition that, among other thin9s, Developer enter into this Agreement to provide for installat10n of Developer 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 Proqress Land Com~any, Inc., as the same may be from time to time mod1fied, amended or supplemented. b. "Cash Escrow Deposit" means a cash deposit with the City Finance Director in the amount of $382,916.00 (100% of Cost of Developers Improvements). c. "Citr" means the City of Prior Lake, a governmental subd1vision of the State of Minnesota. 1 d. "City Attorney" means the City Attorney of the city of Prior Lake. e. "City Council" means the Prior Lake City Council. f. "city Engineer" means the City Engineer of the City of Prior Lake. g. "City Finance Director" means the City Finance Director of the City of Prior Lake. h. "Cost of Developer Improvements" Develo~er Improvements as estimated on Exh1bit A in the City Engineer's discretion. means the cost of by the City Engineer sole and absolute i. "Developer" means Proqress Land Company, Inc., its successors and assigns. j. "Developer's Installed and Financed Improvements" means the construction work to be performed by Developer on the Property including, but not limited to, the trees, grading, topsoil and sodding, sidewalks and driveways, curb-stop adjustments, street lighting, streets, curb and gutter, water supply, sanitary sewer, storm sewer/storm water improvements, 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. k. "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 to construct the Developer's Improvements pursuant to the terms, conditions and limitations of this Agreement; (iii) failure by Developer to observe or perform any covenant, condition, obligation or agreement on its part to be observed or performed under this Agreement; (iv) transfer of any interest in Developer or (v) failure to correct warranty deficiencies. l. "First Completion Date" means September 30 19 93. m. "Second Completion Date" means September 30 19 94. n. "Including" means including, but not limited to. o. "Letter of Credit" means an irrevocable letter of credit in the amount of $95,729.00 (25% of Cost of Developer Improvements) in the form of Exhibit B. 2 p. "Permanent street Improvements" means permanent street surfacing in accordance with the policies and ordinances of city as City may adopt from time to time. q. "Policy for Private Development Projects" means the policy for such projects adopted by the City Council as may be amended the current policy of which is attached as Exhibit F. r. "Property" means the real property, together with improvements, if any, described in Exhibit C. s. "Registered Professional Engineer" means currently licensed in civil Engineering Minnesota state Board of Registration for Engineers, and Land Surveyors. a person with the Architects, t. "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. u. "Storm Sewer Improvements" means storm sewers, catch basins, inlets and other appurtenances when determined to be necessary by City Engineer in accordance with the policies and ordinances of City as city may adopt from time to time. v. "street Improvements" means street grading, graveling, and stabilizing including construction of boulevards and turf establishment in accordance with policies and ordinances of City as City may adopt from time to time. w. "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. x. "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. y. "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. 3 z. "Construction Inspection of Developer Projects" means the inspection of Developer's Installed and Financed Improvements by City Engineering Personnel or by consultant engineers hired by the City, the costs of which are to be either reimbursed to the City by the Developer or paid directly to consultant by the Developer, as the case may be. This Agreement shall be interpreted in accordance with and governed by the laws of the state of Minnesota. The words herein and hereof and words of similar import, without reference to any particular section or subdivision, refer to this Agreement as a whole rather than to any particular section or subdivision hereof. Reference herein to any particular section or subsection hereof are to the sect10n or subsection of the Agreement as originally executed. Any titles of the several ~arts, articles and sections of this Agreement are lnserted 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 - Cost of Developer Improvements Exhibit B - Letter of Credit Exhibit C - Property Identification Exhibit D - Developer and City Cost Summary Exhibit E - Special Conditions Exhibit F - Policy for Private Development Projects 2. DEVELOPER IMPROVEMENTS Developer shall construct and install, at Developer's expense (except as hereinafter provided), the Developer Improvements, in accordance with the terms of this Agreement, the policies and ordinances of the City, as City may adopt from time to time, and all local, state and federal laws and regulations (including, but not limited to, environmental, zoning, building code and public health laws and regulations) and according to the plans, specifications, drawings and related documents submitted to and approved by City Engineer for the Subdivision prior to commencement of any construction and final plat approval. The plans, specifications, drawings and related documents shall be prepared by a Re~istered Professional Engineer subject to review and wr1tten ap~roval by City Engineer. Changes in plans, specificat1ons, drawings and related documents will only be ~ermitted if the revised plans, s~ecifications, draw1ngs and related documents are submltted to and 4 approved in writing by City Engineer prior to making any of the contemplated changes. Prior to construction of the Developer Improvements, Developer shall provide an executed copy of any contract entered into by Developer with a third party for the installation of the Developer's Installed and Financed Improvements. On or before the date hereof, Developer shall pay to the Cit~ a fee equal to ,6% of the ,estima~ed developer proJect cost as determ1ned by the C1ty EngIneer to cover the costs of City in preparing and administering this Agreement. On or before the date hereof, Developer shall to the City the Letter of Credit or Cash Escrow at City's sole option. furnish Deposit Bituminous Base street Improvements, storm Sewer Improvements, Sanitary Sewer Improvements and Watermain Improvements shall be completed by the First Completion Date. Permanent street Improvements and Traffic Signing Improvements and all other Developer Improvements as per plans and specifications shall be completed by the Second Completion Date. Noncompliance with either the First Completion Date or the Second Completion Date will cause the Letter of Credit or Cash Escrow Deposit to be called on, unless an extension of time is granted by city Engineer in his sole and absolute discretion. The City, either utilizing the City's Engineering Department Personnel or the City's Construction Engineering Personnel, shall inspect the Develo~er Installed Improvements in accordance with the POl1CY for private development projects adopted by the city. Inspection services by the City shall include: A. Inspection of public improvement systems which include grading, sanitary sewer, watermain, storm sewerjponding and street system. Grading inspection is for overview of drainage swales and not for detail site grading. B. Documentation of construction work and all testing of improvements. C. As-built location dimensions for sanitary sewer, watermain, and storm sewer facilities. D. Coordination with testing company for soil and material testing and actual material testing costs as performed by City consultants or city staff. The Developer's Engineer shall provide all other construction services including, but not limited to: 5 A. Construction surveying. B. As-built drawings of development improvements (Tie dimensions to sewer and water services from city staff or city consultant) . C. Construction quantities. D. change orders. E. Construction administration of project. F. Construction payment vouchers. All construction inspection service charges shall be paid by the Developer to the City within twenty (20) days from the date of receipt of invoices for such services from the city all in accordance with the Policy for private development projects. Failure to pay said invoice charges within said twenty (20) day payment period, may cause the City to draw down on the Letter of Credit in the full amount of said invoices, at the sole and absolute discretion of the City, without notice to Developer. In the event there are insufficient funds available in the Letter of Credit to reimburse the City for such inspection service charges as well as to maintain a sufficient sum of money to secure Developer's guaranty, then the City shall have the right to deny building permits or occupancy permits to the Property until such time as said charges have been paid in full or the Letter of Credit amounts have been increased to at least the amount of such inspection service charges together with the sums necessary to secure the Developer's guaranty. 3. DEVELOPER REPRESENTATIONS. Develo~er represents and warrants that neither the execut10n and delivery of this Agreement, the consummation of the transactions contemplated hereby, nor the fulfillment of or a compliance with the terms and conditions of this Agreement is prevented or limited by, or in conflict with or will result in breach 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 now party or by which it is bound or will constitute a default under any of the foregoing. Developer further represents and warrants that Developer will cooperate with City with respect to any litigation commenced with respect to the Property or the Developer Improvements. Developer represents and warrants that the Developer Improvements will conform to all laws, regulations and 6 ordinances of all local, state and federal government authorities. 4. OVERSIZING City and Developer agree that the Develo~er Improvements should be oversized for the benef1t of future development. City and Developer agree that the cost of system oversizing to be reimbursed to the Developer is $79,592.48 based upon an estimate as determined by the City Engineer. Developer shall pay City upon demand the Trunk Oversizing Costs per the schedule outlined in the City's Assessment POlicy. These rates are as follows: S&W Acreage Trunk storm Sewer (Residential) Collector street Fee $2,750.00/net acre. 16.8 cents/net sq. ft. $700/net acre Develo~er waives any and all claims, assertions, causes of act1on, in law or in equity, as to the costs and/or determination of said oversizing allocated to Developer, calculations and/or determinations of them, as made by or on behalf of City or all "oversizing" requirements of Developer as may be specified and contained in this Agreement or attachments hereto. The parties acknowledge and agree that the fees and costs allocated to City and Developer, as set forth herein and any exhibits hereto, may be based upon estimated costs made by or on behalf of City. However, the cost of the oversizing, as estimated by or on behalf of City, is binding upon City and Developer. 5. INSURANCE. On or before the date hereof, Developer and its contractors shall procure and maintain or cause to be maintained during the term hereof, at its sole cost and expense, the following types of insurance in the amounts specified and in the form provided for below: Comprehensive general public liability insurance against claims for bodily injury, death or pro~erty damage occurring upon or in the Propertr and the 1m~rovements, such insurance to afford protect1on to a comb1ned single limit of not less than $2,000,000.00 with respect to death or injury to anyone or more persons and $1,000,000.00 with respect to property damage. Insurance term shall expire at the conclusion of the warranty period. Workers compensation insurance, with statutory coverage. Such other insurance in such amounts as is customarily carried by like organizations engaged in like activities of comparable size and liability exposure. 7 The policies of insurance required hereunder shall be taken out and maintained with responsible insurance companies licensed to transact business in the state of Minnesota. Certificates evidencing such insurance shall be furnished to City upon commencement of construction of Developer's Improvements. Each policy shall contain a provision that the insurer shall give not less than thirty (30) days advance written notice to City in the event of cancellation of the policy, non-renewal or changes affecting the coverage thereunder. City shall be named as an additional named insured under all policies required to be maintained by Developer and executed copies of all such policies of insurance or certificates thereof shall be delivered to Cit~ promptly upon their issuance and thereafter until th1rty (30) days prior to the expiration of the term of each such policy. As often as any such policy shall expire or terminate, renewal or additional policies shall be procured and maintained by Developer in like manner and to like extent. 6. STREET MAINTENANCE DURING CONSTRUCTION. Developer shall be responsible for all street maintenance until the Subdivision is accepted by the City. Warning signs shall be placed when hazards develop in streets to prevent the public from traveling on same and directing attention to detours. If and when streets become impassable, such streets shall be barricaded and closed. Developer shall be responsible for keeping streets within and without the Subdivision swept clean of dirt and debris that may spill or wash onto the streets. The Developer shall daily clean streets of dirt and debris which has resulted from construction work by the Developer and its agents or assigns. 7. ACCEPTANCE OF SUBDIVISION AND DEVELOPER IMPROVEMENTS. City will accept the Subdivision which has been completed in accordance with the provisions of this Agreement, the policies and ordinances of City, as City may adopt from time to time, and all local, state and federal laws and regulations. Developer shall furnish certificates of completion for the completed Subdivision certifying that the work has been completed in accordance with the terms of this Agreement and shall also furnish mylar "as-built" reproducibles for all phases of construction included in this Agreement. Prior to acceptance of the completed Subdivision by the City Engineer, Developer must furnish to City a Letter of Credit guaranteeing satisfactory performance of the Developer Improvements in an amount equal to 25% of the 8 ori9inal cost of the Developer Improvements which shall be 1n force for one year following acceptance of the Developer Improvements. Developer shall furnish a progress schedule for the construction of the Developer's Improvements. Requests for progress payments shall be made in writing by Developer to the City Engineer. Upon authorization of the City Engineer, the Developer may draw down on the Letter of Credit in an amount not to exceed the amount of the approved progress payments. Said approval by the city Engineer shall be in writing. Upon final completion of the Developer Improvements, the City Engineer shall accept the completed improvements in writing. The Warranty Period shall begin effective the date that the city Engineer accepts the completed improvements, in writing. 8. RELEASE, HOLD HARMLESS. Developer releases from and covenants and agrees that City and the governing body members, officers, agents, servants and employees thereof (hereinafter for purposes of this paragraph, the "indemnified parties") shall not be liable for and agrees to indemnify and hold harmless the indemnified parties against any loss or damage to property or any injury to or death of any person occurring at or about or resulting from any defect in the Property or Developer Improvements. 9. DEFAULT. Whenever an Event of Default occurs, City may take any one or more of the following actions without notification: city may suspend its Agreement. b. City may cancel and rescind this Agreement. a. performance under the c. City may draw upon any guaranty, the Cash Escrow Deposit, and/or Letter of Credit, the Construction Inspection Cash Escrow Deposit 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. 9 e. City may suspend issuance of Building Permits and/or Occupancy Permits on Developer's lots. 10. NON-DISCRIMINATION. The provisions of Minnesota Statutes, Section 181.59, and of Chapter 11, Title 1 of the Prior Lake City Code as mar be modified, which relate to civil rights and discr1mination and affirmative action shall be considered a part of this Agreement as though whol1r set forth herein, and Developer agrees to comply therew1th. 11. ASSIGNMENT. Developer represents and agrees for its successors and assi9ns that Developer has not made or created and that it w1ll 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. 12. GENERAL. The terms and provisions hereof be binding upon and inure to the benefit of the heirs, representatives, successors and assigns of the parties hereto and shall be binding upon all future owners of any or any part of the Subdivision and shall be deemed covenants running with the land. If there be more than one developer, references herein to Developer shall mean each and all of them. This Agreement, at the option of City, shall be placed of record so as to give notice hereto to subsequent purchasers and encumbrances of all or any part of the Subdivision. All recording fees, if any, shall be paid by the Developer. Whenever in this Agreement 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, br 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 City: City Engineer City of Prior Lake 4629 Dakota Street SE Prior Lake MN 55372 10 with a copy to: Glenn R. Kessel Lommen, Nelson, Cole & Stageberg, P.A. 1800 IDS Center 80th South 8th street Minneapolis MN 55402 If to Developer: Warren J. Israelson, P.E. PROGRESS LAND COMPANY, INC. 14300 Nicollet Court Burnsville, MN 55306 Where this Agreement or any provision hereof makes the time of performance subject to Unavoidable Delay, the time or times for such performances shall be extended for the ~eriod of such Unavoidable Delay, provided, that the part1es seeking the benefit of the provisions of this section shall, within five (5) days after the beginning of any such Unavoidable Delay, have first notified the other party thereof in writing, and of the cause or causes thereof, and requested an extension for the period of such delay. This Agreement may be amended by the parties hereto only by written instrument executed in accordance with the same procedures and formality followed for the execution of this Agreement. Failure of either party at any time to require performance of any provision of this Agreement shall not affect its right to require full performance thereof at any time thereafter and the waiver by either party of a breach of any such provision shall not be taken or held to be a waiver of any subsequent breach thereof or as nullifying the effectiveness of such provision. This Agreement may be simultaneously executed in several counterparts, each of which shall be an original and all of which shall constitute one and the same 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 anr obligation or agreement on the part of Developer here1n contained, Developer agrees that it shall, on demand therefor, pay to City the reasonable fees of such attorneys and such other expenses so incurred by City. Developer a~rees to hold harmless, indemnify and defend City and 1ts 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. 11 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 By Glenn Kessel By day of ttr~ rys res1dent , 1993 . APPROVED AS TO FORM: 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.] 12 STATE OF MINNESOTA} } ss: COUNTY OF SCOTT } On thed day of , 1993, before me, a Notary PUblic, with ana-Ior said personally appeared Warren J. Israelson to me personally nown, being personally known, being b~ me duly sworn did say that he is the President of the cor~orat1on named in the foregoing instrument; and that the seal aff1xed to said instrument is the cor~orate seal of said corporation, and that said instrument was s1gned and sealed on behalf of said corporation by authority of its Board of Directors and said Warren J. Israelson acknowled~ed said instrument to be the free act and deed of said corporat1on. ) \ @....BERNICEA.JULKOWSKI ~/ /A ) .4 / ..I , JJ' NOTARVPUBUC-M'NNESOTA J1~ U'rjfPk~P; SCOTT COUNTY otary Publ My Comm. Exp. Oct. 16. 1996 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 the~ are the Mayor and City Mana~er, respectively, of the city of Pr10r Lake, a Minnesota munic1~al corporation, named in the foregoing instrument; and that sa1d instrument was si~ned on behalf of the municipal corporation and acknowledged sa1d instrument to be the free act and deed of said municipal corporation. Notary Public 13 EXHIBIT A ENGINEERS ESTIMATE FOR CARRIAGE HILLS SECOND ADDITION SANITARY SEWER CONSTRUCTION Est Unit Item Description Unit Quan Amount Amount A-l Cut into Ex MH (Include Each 1 $5/000.00 $5/000.00 Outside Drop) A-2 8" PVC 0-8' Deep L.F. 692 $10.00 $6/920.00 8-10' Deep L.F. 894 $12.00 $10/728.00 10-12' Deep L.F. 393 $14.00 $5/502.00 12-14' Deep L.F. 347 $16.00 $5/552.00 14-16' Deep L.F. 284 $18.00 $5/112.00 16-18' Deep L.F. 525 $20.00 $10/500.00 18-20' Deep L.F. 82 $22.00 $1/804.00 20-22' Deep L.F. 70 $24.00 $1/680.00 A-3 8" DIP in Lieu of 8" PVC L.F. 80 $7.00 $560.00 A-4 8" SDR26 in Lieu of SDR35 L.F. 245 $2.00 $490.00 A-5 Jack Under CR 21 incl L.F. 70 $145.00 $10/150.00 60'-24" Steel Casing A-6 Std MH 0-8' Deep Each 14 $1/000.00 $14/000.00 A-7 Drop Section 0-5' Deep Each 3 $900.00 $2/700.00 A-8 8" Cleanout Each 1 $175.00 $175.00 A-9 Extra MH Depth L.F. 68 $80.00 $5/440.00 A-I0 Extra Drop Depth L.F. 14 $90.00 $1,260.00 A-ll 8" X 4" PVC Wye Each 54 $35.00 $1,890.00 A-12 4" PVC Service Pipe L.F. 2000 $5.50 $11,000.00 (Schedule 40 ) A-l3 Sand Bedding Ton lOOO $5.00 $5,000.00 A-l4 Crushed Rock Ton 200 $8.00 $1,600.00 Total Sanitary Sewer Amount $107,063.00 Item B-1 B-2 B-3 B-4 B-5 B-6 B-7 B-8 B-9 B-I0 B-ll B-12 Item C-l C-2 C-3 C-4 C-5 C-6 C-7 C-8 C-9 C-I0 C-l1 EXHIBIT A WATERMAIN CONSTRUCTION Est Description Unit Quan Unit Amount Amount Conn. to Ex. 16" DIP Each 1 $500.00 $500.00 Conn. to Ex. 8" DIP Each 1 $300.00 $300.00 16" DIP Cl50 L.F. 1490 $30.00 $44,700.00 1710 $13.40 $22,914.00 8" DIP Watermain L.F. 6" DIP Watermain L.F. 318 $11.50 $3,657.00 1" Copper L.F. 1870 $5.50 $10,285.00 54 $125.00 $6,750.00 1" Corp, Cb St & Box Each 16" Valve & Box Each 2 $1,500.00 $3,000.00 8" Valve & Box Each 5 $430.00 $2;150.00 1 $330.00 $330.00 6" Valve & Box Each Hydrant, 6" Valve & Box Each 7 $1,250.00 $8,750.00 5710 $1.10 $6,281.00 Fittings for DIP Lb. Total Watermain Amount $109,617.00 STORM SEWER CONSTRUCTION Est Description Unit Quan Unit Amount Amount 18" RCP Cl 3, 0-10' Deep L.F. 210 $22.00 $4,620.00 15" RCP Cl 5, 0-11' Deep L.F. 889 $20.00 $17,780.00 12" RCP Cl 5, 0-8' Deep L.F. 551 $19.00 $10,469.00 Std 48" MH,CB 0-8' Deep Each 10 $1,000.00 $10,000.00 std 2'X 3' CB 0-8' Deep Each 5 $900.00 $4,500.00 Extra MH Depth L.F. 7 $80.00 $560.00 18" Flared End With Trash Guard 15" Flared End With Trash Guard Riprap Each 1 $750.00 $750.00 Each $600.00 $40.00 1 $600.00 $280.00 C.Y. 7 6" Filter Blanket C.Y. 3.5 $10.00 $35.00 $1.50 $12,327.00 $61,921.00 Pond Excavation C.Y. 8218 Total Storm Sewer Amount EXHIBIT A PAVING CONSTRUCTION Est Unit Item Description Unit Quan Amount Amount D-l 3" 2331 Bi t. Base Ton 1520 $21.00 $31,920.00 D-2 1.5" 2341 Bit. Wear Ton 760 $24.00 $18,240.00 ( I nc 1 . Tack Coat) D-3 Subgrade Preparation Lump 1 $2,000.00 $2,000.00 D-4 4" 100% Crushed Rock Base Ton 2400 $6.30 $15,120.00 D-5 D412 Cone. Curb & Gutter L.F. 5750 $4.40 $25,300.00 D-6 Adjust CB Each 9 $50.00 $450.00 D-7 Adjust MH Each 14 $160.00 $2,240.00 D-8 Adjust VB Each 8 $130.00 $1,040.00 D-9 8' Brick Paver S.F. 225 $5.00 $1,125.00 D-10 8 ' Bi t. Trail L.F. 430 $16.00 $6,880.00 Total Paving Amount $104,315.00 Total Project Amount $382,916.00 LANDSCAPING ADJACENT TO COUNTY RD. NO. 21 Est Unit Item Description Unit Quan Amount Amount E-l Trees Each 15 $150.00 $2,250.00 E-2 Shrubs Each 33 $30.00 $990.00 Total Landscaping Amount $3,240.00 Item A-I A-2 A-3 A-4 A-5 A-6 A-7 A-8 A-9 A-I0 A-II Item B-1 B-3 30 $20.00 $600.00 70 $145.00 $10,150.00 2 $1,000.00 $2,000.00 1 $900.00 $900.00 18 $80.00 $1,440.00 150 $5.00 $750.00 40 $8.00 $320.00 EXHIBIT A TRUNK COSTS FOR CARRIAGE HILLS SECOND ADDITION SANITARY SEWER CONSTRUCTION Est Description Unit Quan Unit Amount Cut into Ex MH (Include Outside Drop 8" PVC 0-8' Deep 8-10' Deep 10-12' Deep 12-14' Deep 14-16' Deep 16-18' Deep 18-20' Deep 20-22' Deep 22-24' Deep 24-26' Deep Each 1 $5,000.00 73 8 8 18 9 40 74 46 32 107 $10.00 $12.00 $14.00 $16.00 $18.00 $20.00 $22.00 $25.00 $28.00 $32.00 L.F. L.F. L.F. L.F. L.F. L.F. L.F. L.F. L.F. L.F. 8" DIP in Lieu of 8" PVC L.F. Jack Under CR 21 incl L.F. 60'-24" steel Casing Std MH 0-8' Deep Each Drop Section 0-5' Deep Each Extra MH Depth L.F. Sand Bedding Ton crushed Rock Ton Clear & Grub Lump Amount $5,000.00 $730.00 $96.00 $112.00 $288.00 $162.00 $800.00 $1,628.00 $1,150.00 $896.00 $3,424.00 1 $1,500.00 $1,500.00 Turf Restoration Acre Total Sanitary Sewer Amount 1 $500.00 $500.00 WATERMAIN CONSTRUCTION Est Description Unit Quan Unit Amount 16" DIP CI 50 95 $30.00 $1.10 L.F. Fittings for DIP Lb. 155 Total Trunk Costs Outside Plat plus 15% Engineering Total Trunk Credits Outside Plat $32,446.00 Amount $2,850.00 $170.50 $3,020.50 $35,466.50 $5,319.98 $40,786.48 Item B-1 B-2 B-3 B-4 B-5 B-6 B-7 B-8 B-9 B-I0 Item C-1 C-2 C-3 C-4 C-5 C-6 C-7 C-8 C-g C-I0 C-ll D-l EXHIBIT A WATERMAIN CONSTRUCTION Est Description Unit Quan Conn to Ex 16" DIP Conn to Ex 8" DIP 16" DIP Cl 50 8" DIP 16" Valve & Box 8" Valve & Box Fittings for 16" DIP Fittings for 8" DIP Less 8" DIP @ Surrey Ln and Coachman Lane Less 8" PVC @ Coachman Each Each L.F. 1370 L.F. 1370 Each Unit Amount 1 $500.00 Amount $500.00 $30.00 $41,100.00 ($300.00) ($13.40)($18,358.00) 2 $1,500.00 $3,000.00 Lb. 1150 Each 1 ($300.00) Lb. 2 ($430.00) ($860.00) 4630 $1.10 $5,093.00 L.F. 60 L.F. 10 Total Watermain Amount ($1.10) ($1,265.00) ($13.40) ($10.00) Total Trunk Costs Inside Plat Total Trunk Credits Outside Plat Total Trunk Credits STORM SEWER CONSTRUCTION Est Description Unit Quan 18" RCP CI 3, 0-8' Deep 15" RCP CIS, 0-8' Deep 12" RCP Cl 5, 0-8' Deep Std 48" MH,CB 0-8' Deep Std 2'X 3' CB 0-8' Deep Extra MH Depth 18" Flared End With Trash Guard 15" Flared End With Trash Guard Riprap 6" Filter Blanket Pond Excavation L.F. 210 L.F. 889 L.F. 551 Each Unit Amount $22.00 ($804.00) ($100.00) $28,006.00 $28,006.00 $40,786.48 $68,792.48 Amount $4,620.00 $20.00 $17,780.00 $19.00 $10,469.00 10 $1,000.00 $10,000.00 Each L.F. 5 $900.00 $4,500.00 7 $80.00 $560.00 Each Each C.Y. 7 C.Y. 3.5 C.Y. 8218 8' Bit. Trail Total Storm Sewer Amount L.F. 430 1 $750.00 1 $600.00 $40.00 $750.00 $600.00 $10.00 $35.00 $280.00 $1.50 $12,327.00 $6l,921.00 $l6.00 $6,880.00 EXHIBIT A CARRIAGE HILLS SECOND ADDITION rm AREAS GROSS DRAINAGE NET GROSS DRAINAGE NET LOT BLOCK AREA EASEMENT AREA WI' BLOCK AREA EASEMENT AREA 1 1 21,308 7,946 13,362 1 2 10,693 0 10,693 2 1 12,154 0 12,154 2 2 11,081 0 11,081 3 1 10,240 1,100 9,140 3 2 12,190 0 12,190 4 1 22,219 13,126 9,093 4 2 12,125 0 12,125 5 1 17,602 8,437 9,165 5 2 11,185 0 11 , 185 6 1 18,427 9,767 8,660 6 2 10,040 0 10,040 7 1 20,696 11,896 8,800 7 2 10,055 0 10,055 8 1 18,523 9,723 8,800 8 2 10,341 0 10,341 9 1 15,698 1,552 14,146 9 2 12,279 0 12,279 10 1 15,486 0 15,486 10 2 15,693 0 15,693 11 1 21,402 0 21,402 11 2 17,228 0 17,228 12 1 16,987 2,500 14,487 12 2 13,223 0 13,223 13 1 20,937 2,096 18,841 13 2 13,918 0 13,918 14 1 12,17l 0 12,171 14 2 14,562 0 14,562 15 1 10,000 0 10,000 15 2 13,853 0 13,853 16 1 17 ,003 1,851 15,152 16 2 10,250 0 10,250 17 1 20,409 5,544 14,865 17 2 10,197 0 10,197 18 1 19,493 5,981 13,512 18 2 10,141 0 10,141 19 1 24,039 4,942 19,097 19 2 10,521 0 10,521 20 1 lO,954 0 10,954 20 2 10,82l 0 10,821 21 1 10,298 0 10,298 21 2 10,778 0 10,778 22 1 10,092 0 10,092 22 2 12,057 0 12,057 23 1 10,282 0 10,282 1 3 12,499 0 l2,499 2 3 10,460 0 10,460 3 3 10,715 0 10,715 1 4 10,205 0 10,205 2 4 10,258 0 10,258 3 4 12,354 0 12,354 1 5 12,605 0 l2,605 2 5 10,720 0 10,720 3 5 10,096 0 10,096 TOTAL GROSS WI' AREA 739,563 AVE WI' AREA 13,696 TOTAL NET rm AREA 653,102 NO. DATE: EXHIBIT B TO: CITY OF PRIOR LAKE 4629 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 available against drafts drawn at sight on BANK NAME ADDRESS, Minnesota bearing the clause: Drawn under Standby Letter of Credit Number of BANK NAME , accompanied by this original Letter of Credit for endorsement. SPECIAL 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 period from the present expiration date, unless (90) ninety days prior to said expiration date we shall notify you in writing, by Registered Mail, that we have elected not to renew this Letter of Credit. But in no event shall the expiration date extend beyond DATE Payment will be made at the counters of 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 We hereby engage with drawers and/or bona fide holders that drafts drawn and negotiated in conformity with the terms of this credit will be duly honored upon presentation. BANK NAME AUTHORIZED SIGNATURE AUTHORIZED SIGNATURE I.M,h.... nll'.II.j....,., tJ{:...,...1IO I." I ~ !. h :;! at r~ z '; 8_ a; __", ",?... ,,-'--.. ~;';';' "- '.t' ) .; o ... J,..OO,O'.... '" ,~-, ~ 8~ o -:; IOCh'.," ...., 100',..,,. ",., 8 h 1 ~ "-............ -l:';;'lj.:" ~~< . i!''};~J..~l . -.~;. .. ~.." .... o .... iC - 7:: X W 8 ; V) --.J --.J ....... :t ... 3 ... :> o x <! ~- c. ~ ~ ~ ~ .... ,0 ! -'. .. .... ~:> .0 3~'.... ",' :J J. .....~~~ ......' '" f:'.' " rr: s . > ~ <.' , . !.~ t'.8 ~!.. AiD: 1=1 " . " i" '-'~b" 3-::~';"~_ "'J: ,.-...~, >':J~~_ -, t ':'."__ _ . ' -- -- - - - - ,~ <<. (H~ GCJ l_,~ '. ~. \<.:';.t ~ ~ '\ \ ~ Ii \'{ * ,i \~; .~, \ !,t ~~i ..:.... -:::!:~ ~,~ 5. _ &,; 'I ! ~;~ ~=f. I"~ , , ~ir -'ill h:w ,II Ir'rl .'2 I ~:;!, I;~n ~!~~~ :~!!; ~31; ; -; .. r m!~ e~~ · ; i~ I r~~ ii! I I:~ ~ '~p ~ '~i~ q=: ~ ~U ~~ I I. I~ 8 '. " i 10.1 : I~ . '-+7,;1 :1. 0;8 ~ ~6 oiilt .. ... ~ ~ ~ . ~ :i:!:l~ u . . !!!!~~~~~m ............ :;:;;~;~~~i;;~ l~;:;::"".......... lrlr~"~lr~~~!~t CC~~f~~h~.i ~ ~. ii ~ iO ~ l:l ~ ~ It lI. ~ B ~COotHID~e~CG EXHIBIT D DEVELOPER AND CITY COST SUMMARY The following is a summary of developer and city costs for Carriage Hills Second Addition. The net area of the final plat is 653,102 square feet. DEVELOPER COSTS 6% Administration Fee $ 18,434.61 $ 23,567.50 $ 109,721.14 $ 10,495.21 $ 3,240.00 $ 250.00 $ 165,708.46 Trunk Sewer & Watermain Fee Stormwater Management Fee Collector Street Fee CSAH 21 Landscaping Cost Street Signs DEVELOPER OWES CITY/TOTAL CITY COSTS Sanitary Sewer & Watermain Trunk Costs $ 68,792.48 Carriage Hills Parkway Oversizing $ 10,800.00 Storm Sewer Cost $ 61,921.00 $ 6,880.00 Trails entrances to city park Cost CITY OWES DEVELOPER/TOTAL $ 148,393.48 1 CARRIAGE HILLS SECOND ADDITION The following is an itemization of the project costs: TOTAL PROJECT COST COST $ 107,063.00 $ 109,617.00 $ 61,921.00 $ 104,315.00 $382,916.00 ITEM Sanitarr Sewer Waterma1n Storm Sewer street (Includes trails) DEVELOPER COSTS Determine 6% Project Administration Fee Total Construction Cost Minus Trunk Sanitary Sewer & Water Minus City Trail Cost TOTAL $ 382,916.00 <$ 68,792.48> <$ 6,880.00> $ 307,243.52 Developer 6% Administration Fee 6% of $307,243.52 = Determine Amount of Letter of Credit Project Cost 125% ($382,916.00) Cash Deposit (100% Amount) Letter of Credit (25% Amount) (To be used for warranty) Determine Developer Trunk Sewer & watermain Fee: $ 18,434.61 $382,916.00 $478,645.00 $382,916.00 $ 95,729.00 Net lot area is 653,102 sq. ft. or Amount of Trunk sanitary Sewer & watermain Previously Assessed Net Area for Trunk Sewer & Water Fee 14.99 ACRES 6.42 ACRES $2750/AC (8.57 ACRES) 8.57 ACRES $ 23,567.50 Determine Developer Stormwater Manaqement Fee: net lot area is 653,102 sq. ft. $.168/ sq ft (653,102 sq ft) = $109,721.14 Determine Developer Collector Street Fee: Net lot area is 653,102 sq. ft. $ 700/ac (653,102 sq ft)/43,560 sq ft/ac = $ 10,495.21 2 CSAH 21 Landscaping Cost The developer is responsible for the landscapin~ along CSAH 21 on the rear lot lines of Lots 11-19, Block 1, Carrlage Hills Second Addition. The landscaping amount to the future CSAH 21 improvement project tentatively scheduled in 1995 will be escrowed at this time and is as follows: DESCRIPTION ESTIMATED QUANTITY Trees Shrubs 15 Each 33 Each UNIT AMOUNT $150.00 $ 30.00 AMOUNT $2,250.00 990.00 3,240.00 Amount Developer owes for Street Name Signs 5 signs @ $50jsign $ 250.00 CITY COSTS Sanitary Sewer & Waterrnain Trunk Costs The City is responsible for the costs of installing the sanitary sewer to the plat and extra depth of the sanitary sewer to serve adjacent property. Also the Citr is responsible for oversizing of trunk sewer and water ma1ns over 8" in size. In Carriage Hills Second Addition, a 16" watermain is being installed per City water plan to serve the northeast portion of the City. Trunk Costs are as follows: Amount of Developer's Trunk Cost of of Sewer & Watermain outside of Plat $35,466.50 Engineering Cost on Amount Outside of Plat (15% of $35,466.50) Total Trunk Sewer & Water Outside of Plat $ 5,319.98 Amount of Developer's Trunk Water Cost in Plat Total of Developer's Trunk Sewer & Water Cost (In and Out of Plat) $40,786.48 $28,006.00 $68,792.48 Collector Street Reimbursement Per the City's Assessment Policy on the Collector Street fee, the city will reimburse any right-of-way in excess of 50 feet at a current rate cost of $8,000.00jacre. Carriage Hills Parkway has a ROW width of 110 feet for a length of 980.10 feet. The ROW reimbursement cost to the Developer is as follows: 980.10' x 60' = 58,806.00sq. ft. or .1.35 acres Reimbursement = 1.35 acres @ $8,000 jacre = $10,800.00 3 Developer's storm Sewer Cost (From Exhibit A) Cost of city Park Bituminous Trail at Park Entrances: $61,792.48 The City of Prior Lake has requested the Developer to install the park entrance bituminous trails in three locations within Carriage Hills First and Second Additions. The cost of installing approximately 430 lineal feet of trails in the project is as follows: 8' Bike Path through Carriage Hills First and Additions Second 8' Bituminous Trail 430 L.F. @ $16/L.F. = $6,880.00 4 "EXHIBIT E" SPECIAL CONDITIONS The Developer is responsible for the installation .of street lighting. The street lightin~ shall be approved the city Engineer prior to installat1on. 2. The Developer will maintain the temporary sedimentation basins and erosion control until 90% of the lots in the First Phase have turf established. Removal of temporary sedimentation basins may be in conjunction with other projects if acceptable to the City Engineer. The Letter of Credit provided shall be retained in an amount sufficient to restore the temporary sedimentation basins. The amount will be determined by the City Engineer. the by 1. 3. The developer is responsible for installing all the lot corners by June 1, 1994. 4. Developer cannot begin any construction of Second Addition improvements until the Carriage Hills First Addition is completed City Engineer. 5. Developer is responsible for providing a temporary easement for the temporary sediment basin on Lots 12, 13, 16, & 17, Block 1, carriage Hills Second Addition with easement to expire upon removal and restoration of area by the Developer. the Carriage Hills grading of the acceptable to the ... EXHIBIT F POLICY FOR PRIVATE DEVELOPMENT PROJECTS CONSTRUCTION INSPECTION OF DEVELOPER PROJECTS AND TESTING REQUIREMENTS It is the policy of the City of Prior Lake that construction activity for all private development projects within the city shall be inspected by city staff personnel or city engineering consultant firm personnel. The construction inspection fee charged to the private development shall be based upon the fee structure outlined in this policy and the actual engineering services completed by the city's Engineering Department or their consultant's representative. CONSTRUCTION INSPECTION ENGINEERING SERVICES FEE STRUCTURE Private development ~rojects shall be financiallr responsible for the engineering 1nspection and testing serv1ces of the development to the city. The invoices received by the City from engineering consultants performing inspection or material testing work shall be forwarded to the Developer for payment. The Developer shall have twenty (20) days in which to pay the invoice to the consultant firm from the date of receipt of the invoice by the City of Prior Lake. In the event that payment of an invoice is not made within the twenty (20) dar period, the City will draw on the Develo~er's letter of cred1t to pay the invoices received from the C1ty'S consultants. The Citr will adjust the letter of credit amount in a war to ma1ntain 25% of the net construction cost plus the rema1ning construction cost of the project as determined by the Citr Engineer. If city staff is used for construction inspect10n or testing services, the hourly charge shall be as per the rates established by the city's Finance Director. CONSTRUCTION INSPECTION SERVICES The construction inspection services includes the inspecting of public infrastructure construction relating to the development. The construction inspection service shall include: 1. Inspection of public improvement systems which include grading, sanitary sewer, watermain, storm sewerjponding, and street srstems. Grading inspection is for overview of dra1nage swales and not for detail site gradin9' . Documentation of construct10n work and all testing of im~rovements. As-bu1lt location dimensions for sanitary sewer, watermain, and storm sewer facilities. Coordination with testing company for soil and material testing and actual material testing costs as performed by City consultants or city staff. 2. 3. 4. All other construction services are to be provided by the developer's engineer which include the following: 1. 2. Construction surveying As-built drawings of development im~rovements dimensions to sewer and water serv1ces from staff or city consultant) Construction quantities Change Orders Construction administration of project Construction payment vouchers 3. 4. 5. 6. (Tie city