CCR1996247COMMON CO a OF MUSKEGO
AMENDED
RESOLUTION #247-96
APPROVAL OF DEVELOPER'S AGREEMENT AND
AND LETTER OF CREDIT
Boldt Development Corporation
WHEREAS, the Developer's Agreement and Letter of Credit have
been received for Boldt Development Corporation, as attached, and
the Finance Committee has recommended approval.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the
City of Muskego, upon the recommendation of the Finance
Committee, does hereby approve the attached Developer's
Agreement and Letter of Credit for Boldt Development Corporation
subject to approval of the Mayor in consultation with the City
Attorney as to technical changes and specific changes to I. C. 3.
and I. D. and Section I1 and also possibly to the Section on
all of said approvals to be obtained within thirty (30) days of
Building and Occupancy permits and approval of the City Engineer,
the date of approval of this Resolution or the same will be null
and void.
BE IT FURTHER RESOLVED that the approval is subject to grading
and drainage plans being approved by the Public Works Committee.
BE IT FURTHER RESOLVED that the Mayor and Clerk-Treasurer are
hereby authorized to sign the necessary documents.in the name of
the City.
DATED THIS 22nd DAY OF OCTOBER , 1996.
SPONSORED BY:
FINANCE COMMITTEE
Ald. Domonic D'Acquisto
Ald. David J. Sanders
Ald. Mark Suhr
This is to certify that this is a true and accurate copy of
City of Muskego.
Resolution #247-96 which was adopted by the Common Council of the
-0 10/96 jmb
DEVELOPMENT
October 18, 1996
Mr. David L. DeAngelis
Mayor
CITY OF MUSKEG0
W182 S8200 Racine Avenue
Muskego, WI 53150-0903
RE: Boldt Development Corporation
Revised Developer's Agreement
Dear Mayor DeAngelis:
Enclosed is a revised copy of the Developer's Agreement, a copy of the form of the Letter of Credit to be issued, and
the Public Improvement Checklist. I forwarded the Checklist to Matt Sadowski today to give the City more time to
review this information.
I expect to have Corporate Resolution for Boldt Development and the owners of the adjacent property for the
Tuesday, October 22,1996 Finance Committee/Common Council meeting.
Please feel lree to contact me with any questions in the meantime.
Sincerely,
BOLDT DEVELOPMENT CORPORATION b&hllrn(VlG44 Kristine K. O'Meara
Vice President
KK0:ncs
Enclosures
C: Matt Sadowski
PEWPER’S AGEEEMWT
@ This Agreement, made this day of ,1996 by and between Boldt
Development Corporation, hminafm called the evelo lo pet", and the Cily of Muskego, a
municipl corporation of the Statc of Wkamsin, located in Waubha County, kxeii called
the “City. ”
-
wlTNEsm
WEEREAS, the Developer has submitled for Bpproval by the City a ppxed
Cdfied Survey Map for the commercial development of the southeast comer of Janesville Road
and Parkland Drive in the City of Muskego (the “Site”), a copy of which is attached hereto as
Exhibit A, the original of which will be remrded with the Register of Deeds far Waukesha
County and a copy of which is on file in the office of the City Clerk
WHEREAS, as a condition of approval, the governing body of the city may
require that the Developer make and install certain imprwements reasanably necessary for the
Development and further, may require dedication of public ulilities with the Development, to
be conditioned upon the construction of said impmvcments aamdii to municipal specifications
without cost to said municipality; and
WHElRFAS, the City’s Engii, the City’s Public Works Committee, Public
Utility Committee and Finanw Committee have duly appmved, cantingent of certain other
approvals, Developx’s plans and specifications for such improvements, and the City’s Plan
Commission and Common Council have duly appmved the final Site, Building, and Operation
Plan contingent upon tht execution and performance of this agrement by the Develw. 0
NOW, THEREFORE, in consideration of the covenants herein contained, the
parties hereto agree as follows:
Dedoper,,,en~ly at its expense, shall:
A. C LIGHT:
Provide, with respect to the Site, a one time contribution to be paid upon
completion of installation in an amount not to exceed +$1CQ5 to cover
Subdivider’s equitable share of the cost for installation of traffic (“stop and go’)
lights at the intersection of Janesville Road (C.T.H. ‘L”) and Parkland Drive (the
‘Intersection’). If the traffic @hts are not installed within 5 years after the
effdve date bf, Developer shall be forever relieved by this obligation.
B. BIKE PATH:
Construct and pay for a b& path in the right of way on the frontage of
letter attached hereto. The City hereby grants Developer the right to enter upon
such frontage way to consmct the bike path.
- Pa&&&&& pursuant to City approved plans and the specification
C.
1.
2.
3.
D.
AGE BNDmG PLAY:
Developer shall construct. install, furnish and provide facilities (including
a detention pond) as approved by the City Engineer and Public Worh
Committee for storm and surface water drainage throughout the Site, as
shown on the Drainage And Masts Grading Plan. all in amdane with
the plans and qxcifiatiws attached hereto, made a part hereof and
marked Exhibit "B". Developer shall provide an "as built" survey post
emsWwth gm&g which confirms that Developer has completed all ifflereuetfteRL4 e in accordance with the Drainage And Master
Grading Plan.
The City shall furnish to the Developer such permits or easemenls as may
be. required in any public street or propeay to enter upon and install the
above demii surface water drainage system therein.
The City contemplates that when the property adjacent to the Site to the
east is developed a de.b!ion pond will be constructed thereupon.
Developer agrees that the detention pond on the adjacent Bite may be tied
into the detention pond on the Site so long as Developer incurs no costs
with respect thertto z& such tiein daes not advdy affect the use of the
Site by the then current owner thereof. Such bin right shall be more.
specifically set forth in the easement refarulced in Paragraph I.D.
mprwE:
Developer will, at the request of the City, grant an easement across the
swthernmoot portion of the Site as shown on FM attached hereto to
the adjacent land owner to the east. The easement will permit the
development of a driveway acmss the Site so that the land to the east haa
access to Parkland Drive through the Site. The City agrees that the
driveway need not be put in place until and if the future use warrants the
placement of the driveway. Specifically. the driveway will only need to
be put in place if the adjacent land is developed as something other than
an ofh building. All costs of development, maintenance, ad liiility
for the road will be the responsibility of the develop of the adjacent
land. In consideration of said easement, the adjacent land owners will
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-3-
The improvements set forth in Sections Z-& I.B.. 1.C and 8 u. above shall be
mmpleted by the Developer within twelve (12) months from the signing of this Agreement.
If the improvements set forth in Section IB; I.B.. LC, and € LE. have not been
completed within twelve (12) months of the date of this Agreement, the Devdaper shaIl extcnd
the Letter of Credit set forth in Section XI My hereof in a form accqtable to the City until
such time as all am oompleled. If the City receives notice of the intention to terminate the
Letter of Credit prior to completion of the improvements, such notice shall be consided a
failure to complete the. improvements in accordance wilh this Agreement and shall entitle the
City to immediately draw @st the Lette~ of Credit.
OSION CONTROL AND PERMIT
The Developer shall submit to the City, application for a Land Disturbing
Permit and an Erosion Control Plan in accordance with the requirements of Won 29.06 of the
city's Erosion Control Ordinance (Ord. Ha). No construction or grading can begin until said
permit is received from the City.
SECTION IV. INSPECTIONS AND AD"XT0N
Developer shall pay and reimburse the City in advance of the signing of this
Agreement, in awdance with Section 18.14 of the City's Land Division Ordinance and at
times specified herein, but in any event, no later than thirty (30) days afk billing, all fces.
expenses and disbursements which shall be incurred by the City prior to and following the date
hereaf in connection with or relative to the construction, instalktion, dedication and acceptance
of the improvements covered by Section I, including without IimitaIion by reason of designs,
plans and specifications; supervision, inspection to insure that construction is in compliance with
the applicable plans, specilications, regulations and ordinances; legal, administrative and fiscal
work undettakeo to assure and implement such compliance.
V
The Developer shall:
A. -: Provide any ea9ements on Developer's land deemed necessary
by the City Engineers prior to the issuance of building permits. provided
such eaJements are along lot lines or to the rear of the lots and are not
any more restrictive to the building of commercial facilities beyond the
applicable sideyard and offset distances required by the zoning for such lots.
B. "X of Perf-: Cause all construction called for by this
Agreement to be carried out and performed in a good and workmanlike manner.
4
C. WeV Monumm: Properly place and install any lot, block or other
monuments required by State Statute or City Ordinance.
D. -: 1 Rcstricta construction ao that no structure of any kind
which exceeds a height of 2 112 feet above the center of the intersection
shall be permitted in tho vision =back area in conformance with Section
17:05.02(2) of the Zoning Ordinance..
E. &j&: Submit to the City valid copiea of all ageney permits including
the Wisconsin D.N.R. and US, Amy Corpo of Engineers before
construction cammenca and prior to any precwstnrctian meeting.
The Ikvdw shall -tee the surface water drainUmDrov-
on I hereof against d- to faultv rnm wkmand& umvided defects ap within a reria of one (1'1 year from the date
mtl On from such f- o r w-s~~D. Th i s e- shall
and mce. The Devew shall rrau_forv to citv
n r xs* wigopnsin law
p ..
a h addition to, and not to the exclusion or prejudice of, any provision of this
Agreement or documents ioeorporated herein by reference. Developer shall indemnify and save harmless, and agrees to accept tender of defense and to defend and pay any and all rearonable
legal, accounting, consulting, engineering and other expenses relating to the defense of any claim
asserted or imposed up the City, ita officen, agents and employees, and independent
contracton growing out of this Agreement as stated above by any prty or parties. The
Developer shall also name. as Additional Insured on its general liability insurance the City, its
officers, agents, and employees, and any independent canbactors hired by the City to perform
service as to this Development and give the City evidence of the same upon request by the City.
The Developer shall agree that in addition to the City's rights herein, the
provisiona of this Agreement shall be for the benefit of any purchaser of the Site or any interest
thein. Further, that the sale of the Site shall not release the Developer From completing the
work on the attached Exhibits.
SECTION W IX. DlED ICATlON
-5-
TION X. ACCRWANCE OF WORK AND DEDIC-
As and whcn the Developer shall have completed the bike path
wnnccbf improvemeats hercin required, and shall dedicate the same to the City as set forth
herein, the same shall be accepted by the City if said improvement shall have been completed
as required by this Agreemeat and as required by applicable City ordinances and other applicable
law and approved by the City Engineer, City Finance Committee and Common Council.
VCXLON PER". ETC.
W
1. The City shall. witbin its auhxiiy, issue such permits, adopt such
resolutions, and execute such documents as may be neceSSary to permit the Developer to
canstruct the improvements in amrdance with the plans and specifichns called for by this
Agreement. upon Developer's compliance with my deposit pmvisiona or other requiremenh of
the applicable ordinapcGF or regulations; and the. City shall cmpcrate with the Developer in
obtaining similar permits, resolutiws and documents as may be necessary hm other authorities
having jurisdiction in the premises.
2. The City shall, as a condition of the Developer executing this Agreement,
make available to the Develop or their nominee SU~WII or assigns, building pennits for the
construction of commercial buildings subject to the provision of Section Xn.
A. ~uUdine Permits. It is expressly understood and agreed that no building
permits for any buildings shall be issued until the City has determined that any DNR and ACOE
permits are presented to the City, all past due balances in the Developer's Deposit have tea
satisfied as reasonably determined by the. Planning Director,- Wction n control measures have been camdied with. and that this document has been
executed. Gmding shall camply with the Master Grading Plan (See I.C.l).
-6-
B. Permi&. It is expressly understood and agreed that no Occupancy
pCrm1ts for any buildings shall be issued until the City's Engineers bve de.&zmhj that this
Agreement has bcen complied with in all material respects.
SXnON X4 Xm.NS AND REGuLATLoNs
All the provisions of the City's ardinanccs are incorporated haein by reference,
andallsuchprovisionsshallbindthepartiesheretoandbeaparlofthisAgreementa3~lyas
if set forth at length h&n. This Agreement and all work and impvunenta required hmeundu
shall be performed and carried out in strict accordance with and subject to the provisions of said
ordiaaoces. Any fine arising from violations to any City Codes and ordices relating to this
Development or remedial work required by the City may be deducted from the Letter or Credit.
Prior to the execution of this Agreement by the City, the Developer shall file with
the City a Letter of Credit setting forth terms and conditions appmed by the City Attorney
&Audine to the C' I@ mor to of the on-
t and all - in the amount of &W$OO - as a guarantee. that the
required plans, impmvanents, and approvals k+Se&m+ andlor payments for Sectiu
LC. and tk+iedB J,E will be completed by the Developer and its subcontractars no
later than one (1) year from signing of the Agreement, except if another date is provided within
this Agreement ad as a further guarantee that all obligations to the subcontraaors for work on
the Development are sacislied.
.. .. ..
City will give Developer at least 15 days prior written notice via ceniiied Mail
(at Developer's cost) of a material defect in construction of the improvements in accordance with
this Agreemeat before drawing an said Letter of Credit provided that the City can do sb and still
have a reasonable time to draw on the Letter of Credit.
L. Developer or his assignees shall be bound by the terms of this Agreement or
any part herein as it applies to the Site.
1 by the civ shall a waiver as the ult~ ate 'm
water fad-e fiahbes. ditches. -P and all other improve menu shall
the Developers. The fact that the Citv or its en- or its mmev. or 1 'ts stafhay
mmve shall a waim or relieve thc Dev-
n' .' r ...
miitv for the desiPn, -pfm. and function of the dwelppnent and
-7-
The air/ and the Wdoper, by mud cansent to the extent of their authority
to do bo. hereby declare that this Agreement and attached &hibits supsale and replace any
and all prior references to the pmposed improvements on, under, or over the lands and/or
parcels covered by this Agcwment. This paragraph shall be reauded in the Notice of
Developer's Agreement to be filed at Waukesha County Register of Deeds.
xRr;m "Em
Developer shall Mt assign this Agreement without the written consent of the City,
which consent shaU not be unreasonably withheld.
SECTION XY;. XVJJ. "ENIS
The City and the Developer, by mutual consent, may amend this Agreement, by
written agrePment between the City and the Developer.
IN WlTNESS HEREOF, Developer and City have caused this Ament to be
signed by fheir appropriate officers and their seals to be hereunto affixed in duplicate original
countaparts on the date and year first written above.
Develop:
Boldt Development Corporation
By:
Kristine K. O'Mcara, Secretary
City of Muskego:
By:
David L. DeAngdis, Mayor
By:
Jean Marenda, City Clerk
-a-
The undetgisned, sole BIVR~M of the adjacent property described in Section
I.D., je;R ipins in this Agreement solely for the purpose of indicating hif went with
chc provisions of section I.C.3. and Section I.D.
DIVERSIFLED DEVELOP=
GROUP
%:
Robert W. Klenz
Bv:
Michael I(. Plumley
Bx; HAL@ PARK LUhfBFiR AND
MlLLWORK, INC.
i ss.
COUNTY OF 1
PERSONALLY came before me this - day of to me known to be the pemns who executed the foregoing
I 1%
instrument and acknowledged the same,
Notary Public, State. of Wlwnsin
My Commission expim
!RATE OF WISCONSIN )
COUNTY OF 1 1 ss.
-9-
PERSONALLY came before me this - day of
the above named David L. DeAngelis, NLByor, and Jean Marenda, City Clerk. of the above
named municipal corpomtion City of Muskego, to me known to be the persods who exmutd
the foregoing instrument, and to me known to be such Mayor and City Clerk of said municipal
corporation. and acknowledged that they executed the foregoing instrument as such officers as
the deed of said municipal corporation by its authority and pursuant to the authorization by the
Common Council fmm their meeting on the - day of 9 199"
t 1%
Notary Public, State of Wisconsin
My Commission expires
- 10- '0
I
This redlined draft, generated by CompareRite - The Instant Redlincr, shows the differences
betwecn - \@ original document : C:\wPslWS\BoLTDEA.MUS
i and revised document: C:\WP51\DOCS\BOLTI)EB.MUS
Deletions appear ag struck-through text
Additions appear as underlined text
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DRAFT FOd
DISCUSSION
Boldt Dewlopmnt Corporation "I
Ililuauker, WI 53222
7700 W aluurouad Road
Um hereby opmn our Irrruucable Standby Latter of Ccdlc No. 38
yuur fmvor, which is available by your draft at SZGBT up to tho amount
in
01 Sevmty-Throe Tbouaand, Eight hunclrd, aevmnty-fiva and OO/lOO US mllara (WSD73,875.00) (blnximun Amount1 drawn on the McI Narnhall C
Ilmlry Bank, PIiluauk~e, 111 baaring the clause: "Drawn undar YtaaQPy Lactor of Crmdit No. BB - Qtd October - 1996 of UCI Marshall C
Ilmley Bank: Your draft must be acconpanied by th~ following doclnarnts:
A) Thla orlginal Btandby Letter of Credlt and any subsaquusnt
-
.nunQ114ntLoI. All .mancbnant(sI mat indicate whether they are
aoampted OK not aoc8pted by the hmnmficiazy at time of drawing.
pusporting to ba an authorisad offlaor rarrantinqr 'Boldt
Beneficiary statement, dated and mlgned by an individual
Damlopent Corporatian has Sailad to coroplcte tho public
icllproversents and other obl;gation8 covered in' tha
and tha City of Hu.kego, &tad October , 1996.'
Devolopmsut Wreement betveen Boldt Davelopmont corporation,
-
The Uaxlmtm bunt of this kttex of Credit may bo rduoed upon our
rsaaipc OS the City mf Murkago notioo, ccnnplstsd in the fomt attached
hereto ac Rxhiblt 1 (Paga 31. on itm lmttcrhend and originally signed.
Partial drawingdraductlon. are allowed. If n partial drawing le
prmoentd md paid, Lhs original Lettax of Credit will bo sndoroed and
rctummd fo you. If your drawing exhaust. the outatanding bnhnco. the
ktter of Credit will ba ratained by um.
Thlr Latter of Credlt aeta forth in full our undartaking, and such
undertaking rhall not in any way ba modifimd, anplifimd, OL 1imLted by
rcfcr6ncm co any docuwnt. lnsr-nt or aqteament referred to in tbiC
Lattar of Cracllt, except only the Uniform Cuatom and Praotioa rmferrsd
lusoin any rcfcrmcs to a document, inscnmmnt or Pqreamant.
to ho~ala, and any much rafarcnae 6hall not be domuad to incorporate
Continued on Page 2
DRAU F2R
DISCUSSION
PACE 2, *ab forma an integral part of Ir~ovoabla StanCby Letter of
Mumkepo.
It ia codtion of thir Letter of Credit it shall be deemed
expiration dmta hereof or my future -1rati-n date unless PO days
autorP.tioally Utbhdcd without amencb?nt tor one year from the
prior to the current axpiration date ua notify you by aouriar of our
eleatlon not to renaw bayand the currmnt expiration date.
U1 banking faam/axpansa=/chh.rqca incurred other tnan thoam 02 the
immuinp bank AX. for the account of tho bmrficiary. If discrepant
do-nts arm pramantad and drawing Fa honored. our diacrapancy and
ralmburraPeht fees will be dmductd from tha proob.dr.
Prorencmtion and payment of your drauinq undbt thls Latter of Credzt am rartrlotad to our counters.
"ha Latter of Credit im aubjwt to tho Unlfom Custom and Praccica for
Do-ntary Cr.dlt8 11993 Revision), InternAtlonrl Chambar of Camnotce
Puhliution Yo. 500.
UI agrmo dth you to honor your draft drmwn und.r and in -1lAllCa with
thb coma of thi~ Latter of Cradit prcsentrd, Monday through Friday, at
OUL Intematiorul Dopartauant, 770 Uarth mater St. NW4, WiluAukae. VI
53202, topather with the rotpired documents, on or befor. ths doso of
%.em.
our burinsas at 5:OO Pn. (Mllwauke~ the) on the current Cnpiratlon
credit No. sa __ dated Octobar - , 1996 lasued in faMr Of City of
DRAFT Fa,?
DISCUSSION
Page 3. rrxhiblt 1 of Irtbvocrbla Standby Uttrr of Credit Sf% - , datad oatober -, 1996, lrrued in favor of City of Muskego
TO: ncI MARS~L c ILBL~Y BAHK
M: 1NTtRYATIOIIu DIIPARTMFNT - NW I
I10 N. WNER BTRGR
HILWAUKEE WI 53202
Re: Itduction Cortifiomtm nbr. - to Standby ~attmr of C~dt 88 -
Applicant: Boldt Developmmnt Corporation
You arm irrbvoambly authorized to roducs tho Haximum Amount Of this
Etnndby Lettsr of Cr-t by USD , evmn though you
did not mndorse the revuzma of tho original Standby Lsttar of Credit for
ruch raduction.
Rmqards.
City of Huskego
ca The Appliont
PUBLIC IMPROVEMENT COST BREAKDOWN
Indicate the cost of each public improvement lo be installed.
List amounts for each category and sub-mtegory item,
* These estimates provided by Oscar J. Boldt Construction tor items for which City
requires a guarantee in the form of a Letter ot Credit. The City Engineer
will review this breakdown and approve a total amount Io eslablish
a Letter of Credit
1. Road Construction
a. Excavation to subgrade NIA
b. Stone base materials
c. Bituminous base course pavement
d. Bituminous surface course pavement
e. Concrete pavement
f. Other
g. Engineering inspections
TOTAL
2. Site Grading-Landscaping
..
"
..
"
..
..
"
a. Lot grading NIA
b. Drainage ditch construction NIA
c. Retention pond construction See 3d
d. Parking area construction - incl. pavement N/A
e. Tree & shrub plantings NIA
1. Landscaping as specified by City N/A
g. Erosion control 5000
h. Engineering inspections N/A
i. Other NIA
TOTAL
'3. Topsoil, SeedinglSodding
a. Road ditch area
b. Terrace areas - in ROW
c Drainage ditches
d. Detention ponds
e. Areas as specified by City
f. Engineering Inspections
g. Other
TOTAL
NIA
NIA
NIA
9000
NIA
NIA
N/A
4. Concrete Improvements
a. Curb & Gutter
b. Bike Path
c. Blvd. /traffic islands
d. Ditch inverts
e. Engineering inspections
1. Other
TOTAL
NIA
18500
NIA
NIA
N/A
NIA
N/A
5. Sanitary Sewer System
a Mains. risers & manholes NIA
b. Laterals
c. Dumping station & generator
d. Force main
e. Grinder pumps & chamber indiv. dwelling
f. Engineering Inspections
g. Other
TOTAL
6. Water Main System
a. Mains, valves & manholes
b. Hydranls & leads
c. Water services
d. Well & pumphouse
e. Engineering inspections
1 Other
TOTAL
-7 Storm Sewer System
a. Mains & manholes
b. Catch basins & leads
c. Culverts
d. Drain tile
e. Headwallsldischarge structures
I. Engineering inspections
g. Other
TOTAL
8. SpecialIMiscl lmprovemenls & Retainage
a. Street lights
b. Street signs
c. Signs as specified by City
d. Erosion ControlNegetation Relainage
e. Other
TOTAL
9. Fees
a. City administration
b. Engineering inspections - see each section
c. Engineering - as built drawing for w/s
d. Legal
e. Land acquisilion
1. Other
TOTAL
TOTAL PROJECT ESTIMATE
NOTE: At the lime of submittal of the Letter of Credit, the developer,
as per Section 10.8 of the Land Division Ordinance, shall submit an
administrative lee 01 $75 plus $50 per public improvement category;
excepting the categories of SpecialIMisc Improvements and Fees.
BOLDT
DEVELOPMENT
October 17,1996
Mr, Matthew Sadowski
City Planner
City of Muskego
W182 S8200 Racine Avenue
Muskego, Wisconsin 53150-0903
RE: Boldt Development Corporation
Resolution #P.C.206-96
Dear Matt:
Attached to this letter is the Public Improvement Cost Breakdown worksheet you gave me last
night. As requested, I completed the portions of the form for which the City will require a Letter
of Credit. The purpose of this form, as I understand it, is to establish the basis for the amount
of the Letter of Credit.
The items for which a Letter of Credit are required are: . Traffic Light-$l0,375
. Bike path on Parkland- $18,500
. Drainage and Master Grading Plan-$35,000 . Erosion Control Measures-$5,000
The bike path, Drainage and Master Grading Plan, and Erosion Control Measures are listed on
the attached worksheet. The traffic light is excluded from the worksheet since Boldt has no
responsibility for the work other than our maximum contribution.
A check in the amount of $225 is included with this letter, I assumed that the '$50 per public
improvement category' is necessary for a subsection involved in the Letter of Credit.
It is my understanding that the Letter of Credit for the Erosion Control Measures must equal
two times the cost for this work. The monies set aside in the Letter of Credit for the other items
equals the cost of our estimate. Therefore, the amount of the Letter of Credit will equal
$73,875.
/;,,;,I, il?r~+",,wl l.,W/,!,><,,i,2,,
;:i,i'/,,,,,,, 11; ;li.ll;l,il I;,,$ //,// 1,. i;I.i~;i.iiflo
;:Oil IIPu ;ii~,r~~wl~~ml I:,,,,ri llw,m,~~,tw Il'~v~r~~r,i 5:2/i
Mr, Matthew Sadowski
October 18, 1996
Page 2 of 2
Please contact me with any questions on the worksheet. We expect to send the revised
Developer's Agreement and form of the Letter of Credit shortly under separate cover,
Sincerely,
BOLDT DEVELOPMENT CORPORATION dfl&jb- A f?'fl(j!G vZc/ ,&
Kristine K. O'Meara
Vice President
KK0:ncs
C: Mayor David L. DeAngelis
B. w:
C.
e
e
'0 -3-
A.
B.
C.
D.
e
. ..
The Davelv shall agrw that in addition to the City's righta herein, the
provisions of this Apemat shall be for the bencftt or' any purchaser of the Site or any inrerest
fherein. Further, that the de of the Site shd not release the Develaper from mmpleting the
work on t!c attached Exhibits.
"
By:
Kristine K. O’Mearp, Sbaetary
By:
David L. DeAn$Jis, Mayor
. . . - .. . ..
Tha UaQlalgnSd, owla of the adjawat property daPeiibed In Section I.D.,
joins in this Awt polsly for the purpose of indicadng iu agrement with the pmvilioaa of
Scction I.C.3. and Satlon I.D.
DIVERSIFIED DEWXOPMENT
QROUP
Nomy Public, State of W18consln
My Commission qim
9-