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CCR1997040AMENDED COMMON COUNCIL - CITY OF MUSKEG0 RESOLUTION #40-97 APPROVAL OF FINAL PLAT, SUBDIVIDER'S AGREEMENT AND LETTER OF CREDIT Lakewood Meadows Addition No. 2 WHEREAS, a Final Plat was originally submitted on October 21, 1996 for the 26-lot Lakewood Meadows Addition No. 2 Subdivision in the SE 1/4 of Section 5; and WHEREAS, the Preliminary Plat was approved in Resolution #329-91; and WHEREAS, the Plan Commission has recommended approval subject to satisfactory fulfillment of concerns/conditions as identified by the City Planning Department, Public Works Committee, the City Trade and Consumer Protection; and Engineer, and the State of Wisconsin Department of Agriculture, WHEREAS, the Subdivider's Agreement and Letter of Credit have been received for Lakewood Meadows Subdivision, as attached, and the Finance Committee has recommended approval. NOW, THEREFORE, BE IT RESOLVED that the Common Council of the does hereby approve the Final Plat for the Lakewood Meadows City of Muskego, upon the recommendation of the Plan Commission, Addition No. 2 Subdivison, subject to approval of the City Engineer and all objecting and approving agencies, and receipt of all fees as provided in Section 18.14 of the Land Division Ordinance and any special assessments which may be due. BE IT FURTHER RESOLVED that the Subdivider's Agreement and Letter of Credit for Lakewood Meadows Addition No. 2 Subdivision, Attorney and City Engineer, all of said approvals to be obtained as attached, is hereby approved subject to approval of the City within thirty (30) days of the date of approval of this Resolution or the same will be null and void. BE IT FURTHER RESOLVED that the Mayor and Clerk-Treasurer are hereby authorized to sign the necessary documents in the name of the City. 0 DATED THIS 25th DAY OF MARCH , 1997. SPONSORED BY: Ald. Nancy Salentine Deferred 3/11/97 This is to certify that this is a true and accurate Copy Of Resolution #40-97 which was adouted bv the Common Council of the " a City of Muskego. 3/97 jmb .4 Y I A ClTlZ BANK OF MUKWONAGO Ruekert Mielke Professional Engineers B Regisrered land Surveyors since 1946 February 28,1997 Mr. Matt Sadowski Director of Plannine City of Muskego W 182 S8200 Racine Avenue Post Office Box 903 Y Muskego, WI 53 150 RE: Public Works Improvement Cost Breakdown Lakewood Meadows Addition No. 2 Dear Matt: We are in receipt of the attached Public Works Improvement Cost Breakdown for Lakewood Meadows Addition No. 2 and have the following comments: k /bP Subject to the review by the City of the Erosion Control Bond value, Item 2m)' w only. The actual costs will be dependent upon ground condition, weather and the speed and the SpeciaVMiscellaneous Item 8, the recommended Letter of Credit value is as summarized on the attached summaries. $60,720 The Construction Review and Administration summary attached is an estimate and efficiency of the respective contractors. If there are any questions regarding this matter, please contact our office. Very truly yours, RUEKERT & MIELKE, INC. e Richard Eberhdt, R.L.S. RAE/sjd R:\USERS\SID\WORD_Dl~~O228s~do.doc 13-92040.310 Enclosure cc: Mayor David L. De Angelis Larry Galeener, Lakewood Development Group, Inc. Michael F. Campbell, Ruekert & Mielke, lnc. File W239 N1812 ROCKWOOD URlVE (414) 542-5733 WAUKESHA. WISCONSIN 53188-1113 FAX (414)542-5631 Land Suweyms since 1946 onstruction Review and Administration Estimated Values: I 1. I Road Construction 1 a. Base and Binder Pavement 1 $2,100.00 1 b. Surface Pavement 850.00 4. Concrete Improvements ~ ~~ ~ 1,000.00 I 5. I ~anitarv Sewer 1 16,462.00 I ~ ~~~ I 6. I Water Main -, 9,094.00 7. 1 Storm Sewer 1 12,540.00 8. I Miscellaneous N/A 9. Fees b. Letter of Credit Administration 2,000.00 C. As-Builts I 1) Sanitary Sewer 2,605.00 I 2) Water 2,225.00 I Lakewood Meadows Addition No. 2 - Summary P.I.C.B. Form Item 1. 2. - 3. 4. 5. 6. 7. 8. 9. e Descriution Road Construction Site Grading Subject to City approval of Erosion Control Bond Topsoil, Seeding/Sodding Concrete Improvements Sanitary Sewer Water Main Storm Sewer Special Miscellaneous Sub-Total a. City Administration b. Engineering Admin. (LOC) C. As-Builts 2. Water 1. sanitary TOTALS W239N1812ROCKWOODURlVE (414) 542.5731 WAUKESHA.WlSCONSlN51188-11l3 FAX (414) 542-5631 Construction I Review $ 152,740.00 256.00 28,050.00 $ 2,950.00 5,000.00 12,540.00 94,497.00 9,094.00 8 1,082.00 16,462.00 113,144.00 1,000.00 23,800.00 200.00 1,075.00 0.00 499,388.00 2,000.00 0.00 2,000.00 0.00 42,502.00 0.00 I 2,605.00 0.00 2,225.00 $499,388.00 1 $51,332.00 Total F 155,690.00 28,306.00 5,200.00 24,800.00 129,606.00 90,176.00 107,037.00 1,075.00 541,890.00 2,000.00 2.000.00 2,605.00 2,225.00 $ 550,720.00 10, ml? /g& MUSK EGO PLANNING] This Agreement, made this day of March, 1997 by and between Lakewood Development Group, Inc. the “Subdivider” and the City of Muskego, a municipal corporation of the State of Wisconsin, located in Waukesha County, hereinafter called the “City“. WITNESSETH WHEREAS, the Subdivider has submitted for approval by the City a proposed Final Plat for Lakewood Meadows Addition No. 2 Subdivision, a boundary description of which is attached hereto as Exhibit “A, the original of which will be recorded with the Register of Deeds for Waukesha County, and a copy of which is on file in the Office of the City Clerk, for which a Final Plat was approved by the City on WHEREAS, 9 236.13, Stats. provides that as a condition of plat approval, the governing body of the City may require that the Developer 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 Subdivision, to be conditioned upon the construction of said improvements according to municipal specifications without cost to said Utility Committee and Finance CbmmiGee have duly approved, contingent of certain other approvals, Subdivider’s plans and specifications for subdivision improvements, and the city’s Plan Commission and Common Council have duly approved the final plat of Lakewood Meadows Subdivision contingent upon the execution and performance of this agreement by the Subdivider; NOW, THEFtEFOm, in consideration of the covenants herein contained, the parties hereto agree as follows: SECTION 1. IMPROVEMENTS: Subdivider, entirely at its expense, shall: A. ROADS AND STREETS: 1. Grade and improve all roads and streets in Lakewood Meadows Addition No. 2 Subdivision in accordance with the plat of said Subdivision and the plans and specifications attached hereto, made a part hereof and marked Exhibit ‘W, all in accordance with the City’s street specifications. 2. Paving of Lakewood Meadows Addition No. 2 as shown on Exhibit A shall be completed according to City Standards. B. STORM AND SURFACE WATER DRAINAGE AND MASTER GRADING PLAN: 1. Subdivider shall construct, install, furnish and provide facilities as approved by the City Engineer and Public Works Committee for storm and surface water drainage throughout the entire Subdivision, and a Master Grading Plan providing for sump pump discharge to a tile or storm sewer system, all in accordance with the plans and specifications attached hereto, made a part hereof and marked Exhibit "C'. The City reserves the right to require the Subdivider to install additional storm drainage and erosion control measures prior to acceptance of improvements by the City. 2. The City shall furnish to the Subdivider 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 therein. 3. Grade and improve all lots in conformance with the Master Grading Plan attached hereto and made a part hereof and marked Exhibit "C'. Restore with topsoil and seed. Establish dense vegetation. All grades must be verified by Developer's Engineer after completion with the following tolerances: All lot corners must be from exact to plus or minus two (2) inches. Overall lot grades must be from exact to minus six (6) inches. House pads from exact to minus twelve (12) inches. All swales and ditches must be graded to exactly minus three (3) inches to allow for standard finish. (See Section XI1,F.) 4. At Subdivider's expense, and prior to acceptance of improvements and issuance of building permits by the City (not including model homes which are governed by separate agreement), all storm sewers shall be cleaned (See Section XU.D). C. WATER: 1. Subdivider shall construct, install, furnish, and provide a complete community well system of water supply and distribution to Lakewood Meadows Addition No. 1 and Addition No. 2, as approved by the City Engineer and Public Utilities Committee and in accordance with the plans and specifications attached hereto as Exhibit 'PI. The Subdivider shall furnish "as built" plans of the entire system, including hydrant and valve locations, and locations and elevations of - 2- e 0 laterals to lot lines. The cost of the preparation of "as built" plans shall be paid by the Subdivider. Said facilities are referred to as "Water Facilities" herein and specifically include well site property and all other property and easements and other property interests necessary to operate, repair, construct, or reconstruct the water system. 2. The City shall furnish the Subdivider such permits or easement as may be required in any public street or public property to enter upon and install the above-described water system therein. 3. Any water used kom hydrants connected to the City's water system shall be metered and a permit taken out through the City. 4. Subdivider shall complete, to the satisfaction of the City Engineers, any remaining punch list items concerning the water system, prior to connection of any residence to the water system. 5. Subdivider, and their successors, shall operate and maintain the wells and water distribution system for Lakewood Meadows Addition 1 and 2, and as required by the City Utility and any applicable governmental agencies; the cost of operating and maintaining such facilities, including provisions at reasonable reserves for depreciation of facilities, shall be determined, levied against those lots which are improved with dwelling houses as per the policy defined in the Declaration of Restrictions and Covenants. 6. Subdivider shall, upon completion, furnish and provide the City with a complete summary of the actual construction costs for such system of water supply and distribution broken down in sufficient detail to satisfy the requirements of the Public Service Commission of the State of Wisconsin in establishing or revising a rate base. 7. Subdivider shall furnish well test data and other information required by the Department of Natural Resources, the Public Service Commission, and the City. 8. The following special provisions shall apply to the well, water mains, and water laterals to be installed by the Subdivider pursuant to this agreement: -3- (a) If, and to the extent necessary, the City shall grant a franchise to Subdivider, or their successors in title to the Water Facility, or to a trust which shall hold legal title to said facilities for the benefit of all owners of lots within the subdivision, to operate a private utility to serve the subdivision; provided, however, that the rates and service charges of such utility shall be formulated so as not to recoup, or produce any return upon the initial capital cost of installing the Water Facilities. (b) The City shall have an indefinite option to require transfer of the Water Facilities without consideration to the Subdivider, or their successors in title, to the Water Facilities, or any property owner, as of the end of any calendar month upon at least thirty (30) days’ prior written notice by the public owner of any municipal, intermunicipal, or metropolitan water system, including the City, either alone or in cooperation with other municipalities or any statutory water district. (c) The City grants to the Subdivider, and to their successors in title to the Water Facilities, a perpetual right and easement under all dedicated public streets in the subdivision for the installation, maintenance, and repair of the Water Facilities. The Subdivider, or their successors in title to the Water Facilities, in connection with any such maintenance and repair work, shalI erect suitable, lighted barricades; shall repair, restore, and rebuild, as necessary, all streets and other public improvements located in dedicated streets which may be opened, damaged, or removed in performing such work; and shall indemnify the City and their agents, consultants, and employees of each, and hold them harmless against all loss, damage, claims, and expenses to, or by, any third party as a result of such work performed within the right-of-way of a public street. (d) The City, at all times, shall have the right to draw water from said system through the fire hydrants, provided therefor, for fire-fighting and other municipal purposes without charge to such municipality. (e) The Subdivider, and their successors in title to the Water Facilities, agrees to preserve and maintain the water capacity of the well and pumping facility measured in terms of the Department of Natural Resources or other governmental agencies, flow requirements and the -4- requirements of the City Utility, to satisfactorily serve the lots in the subdivision. D. SANITARY SEWER: 1. Subdivider shall construct, install, furnish, and provide a complete sanitary sewage collection system throughout the entire Subdivision, as approved by the City Engineer and the Public Utilities Committee all in accordance with the plans, specifications and drawings attached hereto as Exhibit “E’’. The cost of the preparation of as-built plans shall be paid by the Subdivider. 2. The City shall furnish the Subdivider such permits or easements as may be required by any public street or public property to enter upon and install the above-described sewage system therein. 3. Subdivider shall complete, to the satisfaction of the City Engineers, any remaining punch list items concerning the Sanitary Sewer System prior to the connection of any residence to the sanitary sewer systems. 4. The Subdivider shall televise the sanitary sewer system, repair any defects as determined by the City Engineer, and supply video tape to City of Muskego, and clean all sewer lines prior to the issuance of building permits, except for model homes, and acceptance of improvements by the City (See Section XILE). E. LANDSCAPING: 1. Subdivider shall preserve existing trees outside of the public right-of-way whenever practical, when installing the Subdivision improvements. 2. Subdivider shall remove and lawfully dispose of: (a) all old barns, outbuildings; (b) destroyed trees, brush, tree trunks, shrubs and other natural growth; (c) and all rubbish. -5- e 3. Subdivider shall plant street trees in accordance with Section 18.60 of the Muskego Land Division Ordinance and Resolution NO. P.C. 101-93. F. EROSION CONTROL MEASURES: 1. Subdivider shall construct, install, furnish and provide a complete system of Erosion Control Devices or measures in specified areas of the Subdivision, as approved by the City Engineer and the Building Inspection Department and in accordance with the plans and specifications, attached hereto as =bit IF'' and incorporated herein by reference, and also in accordance with Chapter 29 of the City's Municipal Code. 2. Install silt fencing in conformance with the approved plans prior to the grading and construction work. Such fences shall be maintained by the Subdivider until such time as turf cover is established in the Subdivision. No grading shall occur without a two (2) day notice to the City. 3. Mulching and seeding of all disturbed areas to comply with Chapter 29. 4. Subdivider is responsible for obtaining Erosion Control Permits for the site for controlling erosion on the site and each individual lot owner is responsible for obtaining a separate erosion control permit at the time any vegetation is disturbed and are responsible for controlling erosion on their lot. 5. Seven Thousand Dollars ( &Oipfrom the Letter of Credit, shall be retained until adequate vegetation is established as determined by the Building Inspection Department. A Q reduction of fifty percent (50%) of the Seven Thousand Dollars /b,@ ($'r;saQOO) portion of the htter of Credit is allowable upon verification that fifty percent (50%) of disturbed areas are vegetated. If, upon a written notification by the Building Inspection Department of noncompliance of Chapter 29, the terms are not corrected within five (5) days, the City may utilize the Seven Thousand Dollarsf$9+XQOO) portion of the Letter of Credit to correct the terms ofbcom liance. / ~,Oo% SECTION II. TIME OF COMPLETION OF IMPROVEMENTS The improvements set forth in Section I above shall be completed by the ) Subdivider in total within one (1) year from signing of this Agreement or except if an earlier date is provided for in the Agreement. The final surface course pavement shall be deferred until ninety percent (90%) of the homes have been completed or 36 months after the -6- installation of the first lift of asphalt, whichever comes first. If the final course of pavement is not completed within twelve (12) months of the date of this agreement, the Subdivider shall extend the Letter of Credit in a form acceptable to the City until such time as the final surface course pavement is completed. If the City receives notice of the intention to terminate the Letter of Credit prior to completion of the final surface course pavement, such notice shall be considered a failure to complete improvements in accordance with this agreement and shall entitle the City to immediately draw against the Letter of Credit. The City agrees to provide the subdivider with a 30 day notice to cure default before drawing on the Letter of Credit provided that the City receives the Notice of Intention to Terminate the Letter of Credit at least 90 days prior to the effective date of termination. The City’s failure to provide such notice shall in no event constitute a waiver of the City’s right to draw upon the Letter of Credit. SECTION IU. DEDICATION Subject to all of the other provisions of this agreement, Subdivider shall, without charge to the City, upon completion of the above-described improvements, unconditionally give, grant, convey and fully dedicate the roads and streets, sanitary sewers, water mains, storm and surface water drainage facilities (excluding those facilities which are to be owned and maintained by the Homeowners Association) as illustrated on Ekhibit “A“ and as described in the deed restrictions, to the City, it successors and assigns, forever, free and clear of all encumbrances whatever together with and including, without limitation because of enumeration, any and all land, buildings, structures, mains, conduits, pipes lines, plant, machinery, equipment, appurtenances and hereditaments which may in any way be a part of or pertain to such improvements and together with any and all necessary easements for access thereto. The City will be receptive to the dedications of the said improvements, except for roads and surface water drainage facilities, after the first lift of bituminous concrete pavement has been installed, when all said utilities have been complete and approved by the City Engineers and other agencies as applicable. SECTION lV. INSPECTIONS AND ADMINISTRATIONS FEES: Subdivider shall reimburse the City in advance of the signing of the agreement, in accordance with Section 18.14 of the City’s Land Division Ordinance and Ordinance No. 909, and at times specified herein, but in any event, no later than 30 days after billing, all fees, expenses and disbursements which shall be incurred by the City prior to and following the date hereof in connection with or relative to the construction, installation, dedication and acceptance of the improvements covered by Section I, including without limitation by reason of enumeration, design, engineering, preparing, checking and review of designs, plans and specifications; supervision, inspection to insure that construction is in compliance with the applicable plans, specifications, regulations and ordinances; legal, administrative and fiscal work undertaken to assure and implement such compliance. -1- SECTION V. MISCELLANEOUS REQUIREMENTS: The Subdivider shall: A. B. C. D. E. F. G. Easements: Provide any easements on Subdivider's land deeded necessary by the City Engineers prior to the Final Plat being signed, provided such easements are along lines or to the rear of the lots and are not any more restrictive to the building of homes beyond the applicable sideyard and offset distances required by the zoning for such lots. Street Signs: Reimburse the City for the cost of all street signs, traffic signs and posts, including the cost of their installation. Manner of Performance: Cause all construction called for by this Agreement to be canied out and performed in a good and workmanlike manner. Survey Monuments: Properly place and install any lot, block or other monuments required by State Statute or City Ordinance. Deed Restrictions: Execute and record deed restrictions and provide proof of recording prior to sale of lots in Lakewood Meadows Addition No. 2 Subdivision in the form attached hereto, made a part hereof and marked Exhibit "G". The deed restrictions shall contain the following language: "Each lot owner must strictly adhere to and finish grade his lot in accordance with the Master Grading Plan on file in the ofice of the Subdivider and the ofEice of the City Building Inspector unless a change is approved by the City Engineer. The Subdivider and/or the City and/or the agents, employees or independent contractors shall have the right to enter upon any lot, at any time, for the purpose of inspection, maintenance, correction of any drainage conditions and the property owner is responsible for the cost of the same." Grades: Furnish to the Building Inspector and the City a copy of Exhibit "C" showing the street grade in front of each lot, the finished yard grade, the grade of all four (4) comers of the lot and grades of the buildings on adjoining lots, where applicable, as existing and as proposed. Sight Distances: Restricts lots on the face of the plat so that no structure of any kind which exceeds a height of two and one-half (24) feet above the center of the intersection shall be permitted in the vision setback area in conformance with Section 17:5.02(2) of the Zoning Ordinance. -8- 0 a H. Sump Pump Connections: The Subdivider shall furnish to the Plumbing Inspector of the City a copy of storm drains and clean out locations in the form attached hereto and made part hereof and marked Exhibit "H" showing the locations of connections whereby sump pump drains can be connected from each dwelling to the storm sewer system. The ends of each line shall have a clean out in conformance with the City Standard Details. I. Street Lights: Install street lights in accordance with Section 18.60 of the City's Land Division Ordinance. J. Permits: Submit to the City valid copies of all agency permits including the Wisconsin Department of Natural Resources and United States Army Corps of Engineers before construction commences and prior to any preconstruction meeting. K Sewer Extension Permits: 1. The City of Muskego has, pursuant to the provision of Chapter 21 of the City Code, granted the Subdivider Fiftyseven (57) Residential Equivalent Connections (REC's) as defined in Section 21.04 (22) of the City's Sewer Utility Ordinance, for the development of all lands contemplated by the Subdivider in all phases of this development including future phases. Subdivider is using Twenty-Six (26) of the above-noted REC's in the phase of development which is the subject of this Subdivider's Agreement and shall secure the installation of said sewer extensions as provided elsewhere in this agreement and as required by the City Code. There will then remain Zero (0) REC's of capacity for future phases of the development. 2. The remaining Zero (0) REC's of capacity shall automatically terminate and the allocation of said capacity shall cease to the extent that said sewer extension is not certified, by a representative appointed by the City to make said certification, to be completely constructed and approved within four (4) years of the execution of the present Subdivider's Agreement. 3. The Subdivider may, within the four (4) year period referred to above, request that the City enter into an additional Subdivider's Agreement for the next phase of the development. Any remaining REC's which have not been used within the four (4) years as noted above may be extended pursuant to the terms of said Subdivider's Agreement provided, however, that the installation of sewer extensions must be secured as provided in this agreement or when not prohibited by other ordinances or resolutions of the City, upon other security deemed appropriate -9- I ’. 0 by the City and under terms and conditions satisfactory to the City and in accordance with the City’s ordinances, resolutions and policies herein shall expire within four (4) years of the date of execution of that subsequent Subdivider’s Agreement. 4. The Subdivider may request additional Subdivider’s Agreement(s) be entered into for subsequent phases. Any such agreement shall be subject to the same terms and conditions as stated in subsections (l), (2) and (3) above. 5. Notwithstanding any of the above provisions, unless mutually agreed upon by the Subdivider and the City, all unused sewer capacity granted to the Subdivider as referenced in this agreement shall automatically terminate and the allocation of said capacity shall cease on December 21, 2002. SECTION VI. GUARANTEES: The Subdivider shall guarantee the public roads and streets, sanitary se water mains, surface water drainage improvements and all other improvements de in Section I, Items A, B, C, and D, hereof, against defects due to faulty materials workmanship provided that such defects appear within a period of one (1) year fr date of dedication and acceptance. The Subdivider shall pay for any damages to City property resulting from such faulty materials or worlananship. Th~s guarantee shall not be 0 a bar to any action the City might have for negligent workmanship or materials. Wisconsin law on negligence shall govern such situation. SECTION W. GENERAL INDEMNITY: In addition to, and not to the exclusion or prejudice of, any provisions of agreement or documents incorporated herein by reference, Subdivider shall indemnify an save harmless and agrees to accept tender of defense and to defend and pay any an reasonable legal, accounting, consulting, engineering and other expenses relating to th defense of any claim asserted or imposed upon the City, its officers, agents, and employees, and independent contractors growing out of this agreement as stated above by any party or parties. The Subdivider shall also name as additional insured on its general liability insurance the City, its officers, agents, and employees, and any independent contractors hired by the City to perform service as to this Subdivision and give the City evidence of th same upon request by the City. SECTION Vm. AGREEMENT FOR BENEFIT OF PURCHASERS: The Subdivider shall agree that in addition to the 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. Further, that the sale of any lot or parcel shall not release the Subdivider from completing the work on the attached exhibits. - 10 - SECTION M. ACCEPTANCE OF WORK AND DEDICATION: As and when the Subdivider 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 if said improvements have been completed as required by this Agreement and as required by applicable City ordinances and other applicable law and approved by the City Engineer, City Finance Committee and Common Council. SECTION X. EROSION CONTROL PLAN AND PERMFT: The Subdivider 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 (Ordinance No. 560). No construction or grading can begin until said permit is received from the City. SECTION XI. CONSTRUCTION PERMITS, ETC...: A. The City shall, within its authority, issue such permits, adopt such resolutions, and execute such documents as may be necessary to permit the Subdivider to construct the improvements in accordance with the plans and specifications called for by this agreement, upon Subdivider’s compliance with any deposit provisions or other requirements of the applicable ordinances or regulations; and the City shall cooperate with the Subdivider in obtaining similar permits, resolutions and documents as may be necessary from other authorities having jurisdiction in the premises. B. The City shall, as a condition of the Subdivider executing this Agreement, make available to the Subdivider or their nominee successors or assigns, building permits for the construction of single family residences subject to the provision of Section XI. SECTION XII. BUILDING AND OCCUPANCY PERMITS: The Subdivider shall be allowed to construct no more than two (2) model homes by separate agreement with the City. It is expressly understood and agreed that no Occupancy Permits shall be issued for the model homes, and no Building Permits or Occupancy Permits shall be issued for any other homes until the City’s Engineers have determined that: A. The sanitary sewer, water and surface water drainage facilities required to serve such homes are connected with an operational system as required herein, and, B. The Building Inspector verifies that the installation of the bituminous concrete base course pavement has been installed, and, - 11 - C. No Building Permits shall be issued prior to all signatures being obtained on the Deed Restrictions, (Exhibit "G"), and, D. Cleaning of storm sewer system completed (See Section I .B.4), and, E. Video tape of sanitary sewer system completed (See Section I.D. 4), and, F. All lot grades shall conform to the Master Grading Plan (See Section I.B. 3), and, G. The water system shall be completed (See Section I.C.4), and, H. Negative balance in Developer's deposit is satisfied unless otherwise authorized by the Planning Director. SECTION WI. GENERAL CONDlTIONS 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. Thjs 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 Mv. FINANCIAL GUARANTEES A. LE'ITER OF CREDIT: Prior to the execution of this agreement by the City, the Subdivider shall file with the City a Letter of Credit setting forth terms and conditions approved by the City Attorney in the amount of $ as a guarantee that the required plans, improvements, and approvals will be completed by the Subdivider and his subcontractors no later than one (1) year kom signing of the Agreemen4 except if another date is provided within this Agreement and as a further guarantee that all obligations to the subcontractors for work on the Subdivision are satisfied(See Section XW. D. regarding Developer's Deposit). B. INVOICES: Invoices documenting public improvements addressed and not addressed in the Letter of Credit, but attributable to the subject development shall be provided to the City at the time of the signing of this Subdivider's Agreement. - 12- C. RELEASE OF FUNDS FROM LETTER OF CREDIT: The Subdivider shall provide City with a written request to the Finance Committee accompanied by: Request for Amendment to Letter of Credit form, invoices for work completed for which a release is being requested, breakdown of invoices in format of Public Improvement Cost Breakdown form, lien waivers for all work which is subject of release request (See Section XIV. D.). D. DEVELOPERS DEPOSIT: The Subdivider shall maintain a positive balance in the Developer’s Deposit. No release from the Letter of Credit shall be entertained until the Developer’s Deposit is satisfied unless otherwise authorized by the Common Council following a recommendation of the Finance Committee (See Section XN. C.). SECTION XV. PARTIES BOUND: 1. Subdivider, or his assignees, shall be bound by the terms of this agreement or any part herein as it applies to any phase of the development. 2. Approval by the City shall not be deemed a waiver as the ultimate responsibility for the proper design and installation of streets improvements, drive and parking areas, water facilities, drainage facilities, ditches, landscaping and all other improvements shall be the Subdividers. The fact that the City or it’s engineers, or it’s attorney, or it’s staff may approve a specific project shall not constitute a waiver, p? ~ Si’teeiye the Subdivider from ultimate responsibility for the design, performance, and function of the Development and related infrastructure. \i& SECTION XVI. ASSIGNMENT: Subdivider shall not assign this Agreement without the written consent of the City. SECTION XVII. AMENDMENTS: The City and the Subdivider, by mutual consent, may amend this agreement, by written agreement between the City and the Subdivider. IN WJTNESS ELEREOF, Subdivider and City have caused this Agreement to be signed by their appropriate of€icers and their seals to be hereunto afiixed in duplicate original counterparts on the date and year first written above. - 13 - SUBDIVIDER: BY: BY. STATE OF WISCONSIN ) COUNTY OF WAUKESHA ) ) ss. Personally came before me this - day of ,19- the above-named , to me hown to be the persons who executed the foregoing instrument and acknowledged the same. Notary Public, Waukesha County, WI Commissionexpires: CITY OF MUSKEG0 BY: DAVID L. DE ANGELIS, Mayor BY: JEAN MARENDA, City Clerk/Treasurer STATE OF WISCONSIN 1 WAUKESHA COUNTY ) ss. 1 Personally came before me this - day of , 19. the above named David L. De Angelis, Mayor, and Jean Marenda, City Clerk/Treasurer, of the above-named municipal corporation City of Muskego, to me known to be the persons executed 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 from their meeting on the __ day of - Notary Public, Waukesha County, WI Commissionexpires: . 0 0 CERTIFICATION This is to certify that the foregoing is a true and correct copy of the Subdivider’s Agreement for Lakewood Meadows Addition NO. 2 Subdivision, Muskego, Wisconsin, as entered into on the - day of , 19- by and between and the City of Muskego, pursuant to the authorization by the Common Council from their meeting on the - day of 19”. - 15 - BANKLETERHEAD MODEL LETER OF CREDIT IRREVOCABLE STANDBY DOCUMEWARY CREDIT CREDIT NO: AMOUNT: DATE: Applicant: Beneficiary: City of Muskego W182 S8200 Racine Avenue Muskego, WI 53150 Dear Sirs: We hereby issue this irrevocable documentary credit in your favor which is available by beneficiary's draft(s) at sight drawn on 'BANK'S NAME". Each draft accompanying documents must state ''Drawn Under 'BANK'S NAME"' Documentary Credit No. This Standby Credit is to provide a guarantee to the City of Muskego for the performance of "SUBDIVIDERS NAME" obligations under that certain agreement dated between the City of Muskego and applicant. DRAFTS ARE TO BE ACCOMPANJED BY A statement signed by the Mayor of the City of Muskego stating that "SUBDIVIDERS NAME," has failed to complete the construction of subdivision improvements in accordance with said Agreement. Said statement shall set forth the estimated amount necessary for the City of Muskego to complete such improvements. SPECIAL CONDITIONS: This Standby Credit will terminate ninety (90) days after the termination date, provided, however, the 'BANK'S NAME" shall give written notice to the beneficiary of its intention to terminate this Standby Credit at 90 days prior to . After the date, this Letter of Credit can only terminate upon 90 days written notice to the beneficiary. It is hereby agreed by all parties hereto that the reference to "Agreement" is for identification purposes only and such reference shall not be construed in any manner to require "BANK'S NAME", to inquire into its term and obligations. We engage with you that drafts drawn under and in compliance with the terms of this credit will be duly honored if presented on or before the expiration date. This original Standby Credit must be submitted to us together with any drawings hereunder for our endorsement of any payments effected by us and/or for cancellations. Very Truly Yours, "BANK'S NAME" Senior Vice President - 17 - PUBLIC IMPROVEMENT COST BREAKDOWN Indicate the cost of each public improvement to be installed. List amounts for each category and sub-category item. Contractors bid estimates shall be submitted with this breakdown. The City Engineer will review this breakdown and approve a total amount to establish a Letter of Credit. Amount 1. Road Construction a. Excavation to subgrade b. Stone base material C. Bituminous base course pavement d. Bituminous surface course pavement e. Concrete pavement f. Other g. Engineering inspections TOTAL 2. Site Grading-Landscaping a. b. d. e. f. g. h. C. 1. Lot grading Drainage ditch construction Retention pond construction Parking area construction - including pavement Tree and shrub plantings Landscaping as specified by City Erosion control Engineering inspections Other TOTAL 3. Topsoil, Seeding/Sodding a. Road ditch area b. Terrace areas - in right-of-way c. Drainage ditches d. Retention ponds e. Areas as specified by City f. Engineering inspections €5 Other TOTAL - 18- 4. 5. 6. I. Concrete Improvements a. Curb and gutter b. Sidewalk c. Boulevard/traffic islands d. Ditch inverts e. Engineering inspections f. Other TOTAL Sanitary Sewer System a. Mains, risers and manholes b. Laterals c. Dumping station and generator d. Force main e. Grinder pumps and chamber individual dwelling g. Other f. Engineering Inspections TOTAL Water Main System a. Mains, valves, and manholes b. Hydrants and leads C. Water services d. Well and pumphouse e. Engineering inspections f. Other TOTAL Storm Sewer System a. Mains and manholes b. Catch basins and leads C. Culverts d. Drain tile e. Headwalls/discharge structures f. Engineering inspections g. Other TOTAL Amount - 19- Amount 8. Special/Miscellaneous Jinprovements and Retainage a. Street lights b. Street signs c. Signs as specified by City d. Erosion Control/Vegetation Retainage e. Other TOTAL 9. Fees a. City administration b. Engineering inspections - See each Section (required for all Letters of c. Engineering - as-built drawings for w/s. d. Legal e. Land acquisition f. Other TOTAL Credit) TOTAL PROJECT ES'IIMATE NOTE: At time of submittal of the Letter of Credit, the developer, as per Section 10.8 of the Land Division Ordinance, shall submit an administrative fee of $75.00 plus $50.00 per public improvement category; excepting the categories of Special/Miscellaneous Improvements and Fees. (Categories 8 and 9.) - 20 - I - .I . .<.. REQUEST FOR AMENDMENT TO LElTER OF CREDIT DATE: NAME OF DEVELOPMENT: DEVELOPER NAME: ADDRESS: PHONE NO.: BANK NAME. ADDRESS: PHONE NO.: .............................. TO CITY OF MUSKEGO: Please authorize the Letter of Credit for the above development to be reduced by $- for work umpleted as follows: (See attached contractor invoices): All other terms and conditions of said Letter of Credit remain unchanged. *** ATTACH ALL LIEN WAIVERS FOR SUBJECT WORK *** DATED: DATED: BY: BY: (Signature of Developer) (Signature of Bank Official) .............................. For Office Use Only: Approved by Ruekert & Mielke Approved by Finance Committee - 21 - . .* . ._ , . ". I .............................. I AUTBOFUZATION TO BANK TO REDUCE LETTER OF CREDTT: Reduce by $ . Balance of Letter of Credit: $ BY: DAVID L. De ANGELIS, Mayor .............................. CONFIRMATION BY BANK OF RELEASE OF $ . After Release, Letter of Credit Balance will be $ . All other terms and conditions of the Letter of Credit remain unchanged. Date: BY: Bank Official Signature - sad\agreemen\lakewd.sa - 22 - PROPOSAL B COMMON COUNCIL - CITY OF MUSKEG0 RESOLUTION #40-97 REJECTION OF FINAL PLAT, SUBDIVIDER'S AGREEMENT AND LETTER OF CREDIT Lakewood Meadows Addition No. 2 WHEREAS, a Final Plat was originally submitted on October 21, 1996 for the 26-lot Lakewood Meadows Addition No. 2 Subdivision in the SE 1/4 of Section 5; and WHEREAS, the Preliminary Plat was approved in Resolution #329-91; and WHEREAS, the Plan Commission has recommended approval subject to satisfactory fulfillment of concerns/conditions as identified by the City Planning Department, Public Works Committee, the City Engineer, and the State of Wisconsin Department of Agriculture, Trade and Consumer Protection; and WHEREAS, the Subdivider's Agreement and Letter of Credit have been received for Lakewood Meadows Addition No. 2 and the Finance Committee has recommended approval; and WHEREAS, Section 18.32(1)(i) of the Land Division Ordinance states that all corrections required by the objecting and placement on the Common Council agenda. approving agencies shall be made to the final plat prior to NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Muskego does hereby reject the Final Plat, Subdivider's Agreement and Letter of Credit for the Lakewood Meadows Addition No. 2 Subdivision based on corrections, if any, required by the objecting and approving agencies which must be made to the final plat prior to placement on the Common Council agenda. DATED THIS DAY OF , 1996. SPONSORED BY: Ald. Nancy Salentine This is to certify that this is a true and accurate copy of City of Muskego. Resolution #40-97 which was adopted by the Common Council of the 3/97 jmb Clerk-Treasurer