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CCR1990094COMMON COUNCIL - CITY OF MUSKEGO RESOLUTION 1/94-90 APPROVAL OF FINAL PLAT, SUBDIVIDER'S AGREEMENT & LETTER OF CREDIT (Woodcrest Heights Addition No. 1) WHEREAS, a Final Plat has been submitted for the 38 lot Woodcrest Heights Addition No. 1 Subdivision, and WHEREAS, the Preliminary Plat was approved in Resolution 11168-87, dated July 28, 1987, and WHEREAS, the Subdivider's Agreement and Letter of Credit have been recommended for approval by the Finance Committee. NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Muskego, upon the recommendation of the Plan Commission, does hereby approve the Final Plat for the 38 lot Woodcrest Heights Addition No. 1 Subdivision, subject to the approval of the City Engineer and all objecting and approving agencies; and administrative, etc. fees. receipt of payment of any and all attorney, engineer, BE IT FURTHER RESOLVED that the Subdivider's Agreement is hereby 0 approved subject to approval of the City Attorney. DATED THIS 24th DAY OF April , 1990. Ald. David J. Sanders ATTEST : City Clerk 4/90 ca SA 10708 W. Janesville Rd. Hales Corners. WI 53130 INAHE AND 4DDR€SS OF ISSUING 0ANXI AMOUNT $260,000.00 TO City of Muskego Muskego, WI 53150 NO. 9007 DATE April 24, 1990 WE HEREBY AUTHORIZE YOU TO, DRAW ON US FOR THE ACCOUNT OF UP TO AN AGGREGATE AMOUNT OF $260,000.00 We hereby issue this Irrevocable Standby Letter of Credit in your favor (the beneficiary's) which is available by beneficiary's draft(s) at sight drawn on State Bank Hales Corners, Hales Corners, Wisconsin. Each draft and accompanying documents must state "Drawn under State Bank Hales Corners, Hales Corners, WI, Letter of Credit No.9007. This Standby Letter of Credit is to provide security to the City of Muskego for the performance of Robert W. Klenz & Harold R. DeBack, d/b/a Klenz DeBack Partners obligations Harold R. DeBack, d/b/a Klenz DeBack Partners and the City of Muskego, property reference to complete all improvements required by Subdividers Agreement between Robert W. Klenz & currently being Tax Key No. MSKC 2223.991 and MSKC 2221.992. Drafts are to be accompanied by a statement by the Mayor of the City of Muskego stating bert W. Klenz 6 Harold DeBack, d/b/a Klenz DeBack Partners has failed to complete the AVAILABLE BY YOUR DRAFTlSl AT SIGHT TO BE ACCOMPANIED BY a set forth the estimated amount necessary for the City of Muskego to complete such Improvements. struction of all improvements in accordance with said agreement. Said statement shall Special Conditions: See Reverse Side SPECIAL INSTRUCTIONS: ALL BANKING CHARGES OTHER THAN ISSUING BANK'S ARE FOR BENEFICIARY'S ACCOUNT, PARTIAL DRAWINGS PERMITTED 0 NOT PERMITTED. ALL DRAFTS MUST EEMARKED'TIRAWN UNDER LmEROF CREDITOF State Bank Corners INAMt Oi ISSUING 0ANLl NO. 9007 DATED -, lS_g[L." CHAMBER OF COMMERCE BROCHURE NO. 400. WE AGREE WITH YOU TO PAY DRAFTlSl DRAWN UNDER AN0 IN COMPLIANCE WITH THE TERMS THIS CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS 11983 REVISION). INTERNATIONAL OF THIS CREDIT IF PRESENTED AT THIS OFFICE TOGETHER WITH THIS LETTER OF CREDIT ON OR BEFORE THE CLOSE OF OUR BUSINESS ON -, 19L. State Bank H Stock No. 11244 It is hereby agreed by all parties hereto that the reference to "Agreement" is for identification purposes only and such reference shall not by construed in any manner to require State Bank Hales Corners, Hales Corners, WI. to inquire into its terms and obligations. 0 The total amount of the Irrevocable Standby Letter of Credit shall be reduced as per the City of Muskego's inspection and approval of payment as work is completed. We hereby agree with you that drafts drawn under and in compliance with the terms of this Irrevocable Standby Letter of Credit No. 9007 will be duly honored if presented to the above mentioned drawee bank on or before This Standby Letter of Credit will terminate on the 24th day of July, 1991 , provided however, State Bank Hales Corners, Hales Corners, WI. shall give written notice to the beneficiary of its intention to terminate this Standby Letter of Credit at least ninty (90) days prior to said 24th day of July, 1991. After said date, this Letter of Credit can only terminate upon ninty (90) days written notice to the beneficiary. This credit is subject to the Uniform Customs and Practice for Documentary Credits (1983 Revision) InternationalChamber of Commerce Publications 400. .. SUBDIVIDER'S AGREEMENT WOODCREST HEIGHTS ADDITION #1 between KLENZ-DEBACK PARTNERS, the "DEVELOPERS", and the CITY OF This agreement, made this 24th day of April, 1990 by and MUSKEGO, a municipal corporation of the State of Wisconsin,located in Waukesha County, hereinafter called the "City". WITNESSETH WHEREAS, Developers have submitted for approval by the City a proposed final plat for WOODCREST HEIGHTS ADDITION #1, a hereto, made a part hereof and marked Exhibit "A" (The residential planned unit subdivision, a copy of which is attached "Subdivision") ; and condition of plat approval, the governing body of the City may WHEREAS, 5236.13 of the Wisconsin Statues provides that as a require that the Developers make and install certain public improvements reasonably necessary for the Subdivision and further, may require dedication of public streets, alleys or other ways within the Subdiuision, to be conditioned upon the construction of said improvements according to municipal specifications without cost to said municipality; and WHEREAS, the City's Engineers have duly approved the Developer's plans and specifications for Subdivision improvements and the Common Council has duly approved and authorized the terms and provisions of this agreement and approved the final plat of Woodcrest Heights Addition 111. NOW, THEREFORE, in consideration of the covenants herein contained, the parties hereto agree as follows: SECTION I. IMPROVEMENTS: The developers, entirely at their expense, shall: A. Roads, Streets, Sewers and Water: Construct and install Sanitary sewer and municipal water mains, grade and improve all and the plans and specifications attached hereto, made apart hereof roads and streets in accordance with the plat of said Subdivision and marked Exhibit "B", all in accordance with the City's street specifications. ! 1 8. Surface Water Drainaqe: facilities as approved by the City Engineer and Public Works Committee for storm and surface water drainage throughout the attached hereto, made a part hereof and marked Exhibit "C". entire Subdivision, in accordance with the plans and specifications 1. Construct, install, furnish and provide adequate 2. The City shall furnish to the Developers such permits or easements as may be required in any public street or property to enter upon and install the above described surface water drainage system. C. LandscaDina: 1. Preserve existing trees wherever possible, in the 2. Remove and lawfully dispose of all old barns, construction of subdivision improvements. outbuildings, destroyed trees, trunks, brush, shrubs and other similar natural growth and all rubbish. 3. The Developer shall submit to the City an application for a land disturbing permit and an erosion control plan in accordance with the requirements of Section 29.06 of the City's Erosion Control Ordinance (Ord. #560). SECTION 11. TIME OF COMPLETION OF IMPROVEMENTS: The improvements set forth in Section I above shall be completed by the Developers in total within twelve (12) months of the date of this agreement or recording of the final plat, whichever shall come first unless mutually extended. SECTION 111. DEDICATION: Developers shall, without charge to the City, upon completion of Subject to all of the other provisions of this agreement, the above described improvements, unconditionally give, grant, water system, storm and surface water drainage facilities to the convey and fully dedicate the roads and streets, sanitary sewer, City, its successors and assigns, forever, free and clear of all encumbrances, whatever, together with and including, without limitations because of enumeration, any and all land, buildings, structures, mains, conduits, pipes, lines plant, machinery, a part of or pertain to such improvements and together with any and equipment, appurtenances and hereditaments which may in any way be all necessary easements for access thereto. SECTION IV. INSPECTIONS AND ADMINISTRATION FEES: required and at the time specified in Chapter 10 of its Land The Developers shall pay and reimburse the City all fees as 2 I Division Ordinance. SECTION V. MISCELLANEOUS REOUIREMENTS: The Developer shall: A. Easements: Provide any easements on Developers land deemed necessary by the City Engineers before the final plat any lot unbuildable or unsaleable. is signed, provided such easements are so located as not to render B. Street Sisns 6 Lights: Reimburse the City, the cost of all street signs, posts and lights and the cost of their installation, this to include all traffic signs. by this agreement to be carried out and performed in a good and C. Manner of Performance: Cause all construction called for workmanlike manner. D. Survey Monuments: Properly place and install any survey or other monuments required by statute or ordinance. E. Deed Restrictions: Execute and record deed restrictions in the form attached hereto, made a part hereof and marked Exhibit "D" . copy of Exhibit "C" showing the street grade in front of each lot, F. Grades: Furnish to the Building Inspector of the City a the yard grade and the grade of all four corners of each lot. G. Street Trees, Berms and Plantinqs: Construct an earth berm on Racine Ave. to the rear of lots abutting Racine Ave. and require by Deed Restriction street tree plantings in accordance with Res. PC. 12-16. SECTION VI. GUARANTEES: The Developer shall guarantee the surface water drainage A, B and C hereof, against defects due to faulty materials or improvements and other improvements described in Section I. items workmanship provided that such defects appear within a period of one (1) year from the date of dedication and acceptance. The Developers shall pay for any damages to City resulting from such faulty materials or workmanship. This guarantee shall not be a bar to any action the City might have for negligent workmanship or materials. Wisconsin Law on negligence shall govern such situation. SECTION VII. GENERAL INDEMNITY: In addition to, and not to the exclusion or prejudice of, any provisions of this agreement or documents incorporated herein by 3 ! its officers, agents and employees, and shall defend the same from reference, Developers shall indemnify and save harmless the City, and against any and all liability, claims, loss damages, interest actions, suits, judgments, costs, expenses, attorneys fees, and the like to whomsoever owed and by whomsoever and whenever brought or obtained, which may in any manner result from or arise in the course of, out of, or as a result of the Developers' negligent construction or operation of improvements covered thereby, or its violation of any law or ordinance, the infringement by it of any patent, trademark, trade name of copyright, and its use of road improvements prior to their formal dedication and acceptance by the City. SECTION VIII. AGREEMENT FOR BENEFIT OF PURCHASERS: The Developers agree that in addition to he City's rights herein, the provisions of this agreement shall be for the benefit of the purchaser of any lot or any interest in any lot or parcel of land in the Subdivision. SECTION IX. ACCEPTANCE OF WORK AND DEDICATION: As and when the Developers shall have completed the improvements herein required, and shall dedicate the same to the City as set forth herein, the same shall be accepted by the City agreement and as required by applicable City Ordinances and other if said improvements have been completed as required by this applicable law and approved by the City Engineers. SECTION X. CONSTRUCTION PERMITS, ETC.: 1. The City shall, within its authority, issue such permits, adopt such resolutions, and execute such documents as may be necessary to permit Developers to construct the improvements in accordance with the plans and specifications called for by this agreement, upon Developers' compliance with any deposit provisions or regulations OK other requirements of applicable ordinances; and the City shall cooperate with Developers in obtaining similar permits, resolutions and documents as may be necessary from other authorities having jurisdiction in the premises. this agreement, make available to the Developers or the nominee, 2. The City shall, as a condition of the Developers executing successors or assigns, building permits for the construction of Thirty Eight (38) single family residences, subject to the provisions of Section XI. SECTION XI. BUILDING AND OCCUPANCY PERMITS: The Developer shall be allowed to construct no more than two (2) model homes. It is expressly understood and agreed that no building permits shall be issued, nor shall any occupancy permits 4 be issued either for the said model homes, or any other homes until the City's Engineers have determined that: A. The sewer and surface water drainage facilities required to serve such homes are connected with an operation system as required herein, and condition of the roads then existing to serve such homes as B. That the City's Engineers have approved the sufficient to service the traffic reasonably anticipated during the period prior to the date when the roads must be completed and dedicated. SECTION XII. GENERAL CONDITIONS AND REGULATIONS: All the provisions of the City's ordinances are incorporated herein by reference, and all such provisions shall bind the parties hereto and be a part of this agreement as fully as if set forth at length herein. This agreement and all work and improvements required hereunder shall be performed and carried out in strict accordance with and subject to the provisions of said ordinances. SECTION XIII. FINANCIAL GUARANTEE: Prior to the execution of this contract by the City, the Developers shall file with the City, a letter of credit setting forth terms and conditions approved by the City Attorney, in the amount of $260,000.00 as a guarantee that the required improvements will be completed by the Developers and their subcontractors no later than one (1) year from the date of the recording of the final plat or the date of this agreement, whichever date comes first, and as a further guarantee that all obligations to the subcontractors for work performed on the development are satisfied. SECTION XIV. PARTIES BOUND: Developers or their assignees shall be bound by the terms of this agreement or any part herein as it applies to any phase of the development of the subdivision. IN WITNESS WHEREOF, Developers and City have caused this agreement to be signed by their appropriate officers and their seals to be hereunto affixed in duplicate original counterparts on the day and year first written above. 5 .. . .. 0 DEVELOPERS - KLENZ-DEBACK PARTNER €iY Robert W. Klenz BY: Wayne G. Salentine, Mayor By: BY: Harold DeBack Jean K. Marenda, Clerk ~ This instrument was drafted by: Robert W. Klenz 6