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CCR1997179COMMON COUNCIL - CITY OF MUSKEGO AMENDED RESOLUTION #179-97 SUBDIVIDER'S AGREEMENT AND LETTER OF CREDIT APPROVAL OF FINAL PLAT, Deer Creek Addition No. 1 WHEREAS, a Final Plat was submitted on April 18, 1997 for the Deer Creek Addition No. 1 Subdivision in the SW 1/4 of Section 10; and WHEREAS, the Preliminary Plat was approved in Resolution #26-95; and WHEREAS, the Plan Commission has recommended approval; and WHEREAS, the Subdivider's Agreement and Letter of Credit have been received for the Deer Creek Addition No. 1 Subdvision, 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 Deer Creek Addition City of Muskego, upon the recommendation of the Plan Commission, No. 1 Subdivision, 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, as amended, for Deer Creek Addition No. 1, as attached, are hereby approved subject to approval of the City Attorney and City Engineer, all of said approvals to be obtained 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 approval of this Resolution is subject to passage of Ordinance #937. BE IT FURTHER RESOLVED that the Mayor and Clerk are hereby authorized to sign the necessary documents in the name of the City. DATED THIS 22nd DAY OF JULY , 1997. SPONSORED BY: FINANCE COMMITTEE Ald. Domonic D'Acquisto Ald. David J. Sanders Ald. Nancy C. Salentine This is to certify that this is a true and accurate copy of Resolution #179-97 which was adopted by the Common Council of @ the City of Muskego. " COMMON COUNCIL - CITY OF MUSKEG0 RESOLUTION #179-97 SUBDIVIDER'S AGREEMENT AND LETTER OF CREDIT APPROVAL OF FINAL PLAT, Deer Creek Addition No. 1 WHEREAS, a Final Plat was submitted on April 18, 1997 fo Deer Creek Addition No. 1 10; and WHEREAS, the Preliminary Plat was approved in Resolu and WHEREAS, the Plan Commission has recommended appr WHEREAS, the Subdivider's Agreement and Letter Credit have been received for the Deer Creek Addition No. attached, and the Finance Committee has reco ubdvision, as NOW, THEREFORE, BE IT RES City of Muskego, upon the recommendation does hereby approve the Final Plat for t he Plan Commission, er Creek Addition No. 1 Subdivision, subjec all objecting and approvi provided in Section 18.14 of the Land ision Ordinance and any special assessments which may be due. BE IT FURTHER RESOLVED that the Su Letter of Credit for Deer hereby approved subject t City Engineer, all of sai thirty (30) days of the date proval of this Resolution or the same will be null and voi BE IT FURTHER RESOLVED tha subject to passage of Ordi proval of this Resolution is BE IT FURTHER RESOLVED th authorized to sign the n City. DATED THIS , 1997. SPONSORED BY: / FINANCE COMMITTEE Ald. Domonic D'Acquisto Ald. David J. Sanders Ald. Nancy C. Salentine This is to rtify that this is a true and accurate copy of the City o Muskego. Resolution 179-97 which was adopted by the Common Council of P / Clerk-Treasurer SU3DlVU)ER’S AGREEMENT This Agreement, made this day of by and between Premier Development, 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 subdwider has submitted for approval by the City a proposed Final Plat for Deer Creek Addition # 1 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 Ofice of the City Clerk, for whch a Final Plat was approved by the City on WHEREAS, Section 236.13 of the Wisconsin Statutes 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 Subdvision, to be conditioned upon the construction of said improvements according to municipal specifications without cost to said municipality; and WHEREAS, the City’s Engineers, the City’s Public Works Committee, Public Utility Committee and Finance Committee have duly approved, contingent of certain other approvals, Subdvider’s plans and specifications for subdivision improvements, and the City’s Plan Commission and Common Council have duly approved the final plat of Deer Creek Addition #1 contingent upon the execution and performance of this agreement by the Subdivider. NOW, THEREFORE, in consideration of the covenants herein contained, the parties hereto agrees as follows: SECTION I. IMPROVEMENTS: Subdivider, entirely at its expense, shall: A. ROADS AND STREETS: 1. Grade and improve all roads and streets in Deer Creek Addition #I Subdivision in accordance with the plat of said Subdivision and the plans and specifications attached hereto, made a part hereof and marked Exhibit”B”, all in accordance with the City’s street specifications. SUB ARGMNT DEER CREEK Page 2 2. Paving of Deer Creek Addition #I Subdivision streets and pedestrianhike paths 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, hsh 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 Ehbit “C” The City retains the right to require the Subdivider to install additional storm drainage and erosion control measures prior to acceptance of improvements by the City of Muskego. 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 dmnage 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 comers 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 XILF.) 4. At subdivider’s expense, and prior to acceptance of improvements and the 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 XI1.D.) SUB ARGMNT DEER CREEK Page 3 C. WATER. 1 Subdivider shall construct, install, furnish, and provide a complete system of water supply and distribution, throughout the entire Subdivision, as approved by the City Engineer and in accordance with the plans and specifications attached hereto as Exhibit “D’ The cost oft he preparation of asbuilt plans shall be paid by the Subdivider. 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 from hydrants shall be metered and a permit taken out through the City of Muskego. 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 D. SANITARY SEWER. 1 Subdivider shall consmct, 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 asbuilt 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. SUI3 ARGMNT DEER CREEK Page 4 4. The Subdivider shall televise the sanitary sewer system, repair any defects as determined by the City Engineer, and supply video tape to the 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 XI1.E). E. LANDSCAPING: I. Subdivider shall preserve existing trees outside of the public right- of-way whenever practical, when installing the Subdivision improvements. 2. Subdviders shall remove and lafilly dispose of: (a,) all old barns, outbuildings; (b.) destroyed trees, brush, tree trunks, shrubs and other natural growth; (c.) and all rubbish. 3. Subdivider shall plant street trees in accordance with Section 18.60 of the Muskego Land Division Ordnance and Resolution #P.C. 101-93. F. EROSION CONTROL MEASLIRES: e 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 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 turfcover 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. 0 r 0 0 0 SUB ARGMNT DEER CREEK Page 5 5. ($ )from the Letter of Credit (under Section XIV), shall be retained until adequate vegetation is established as determined by the Building Inspection Department. A reduction of fifty percent (50%) of the Letter of Credit is allowable upon verification of fifty percent (50%) of hstuhed areas are vegetated. If, upon a written notification by the Building Inspection Department of non- compliance of Chapter 29, the terms are not corrected within five (5) days, the City may utilize the non-conformance. From time to time, additional funds may be required in the Developer’s Deposit to cover the cost of maintenance as deemed appropriate by the Department. ($ ) portion of the ($ ) portion of the Letter of Credit to correct the terms of SECTION U. TME 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. All pedestrianhike paths shall be installed simultaneously with the first lift of road pavement. The final surface course pavement shall be deferred until ninety percent (90%) of the homes have been completed or 36 months after the installation of the first lift of asphalt, whichever comes first. If the final surface 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 of 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 immehately draw against the Letter of Credit. SECTION 111. 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, bike paths, sanitary sewers, watermains, storm and surface water drainage facilities (excluding those facilities which are to be owned and maintained by the Homeowners Association) as illustrated on Exhibit “A” and as described in the deed restrictions, to the City, it’s successors and assigns, forever, free and clear of all encumbrances whatever together SUE3 ARGMNT DEER CREEK Page 6 with and including, without limitation because of enumeration, any and all land, buildings, structures, mains, conduits, pipe 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 said improvements, except roads and surface water drainage facilities, after the first lift of bituminous concrete pavement has been installed, when all said utilities have been completed and been installed, when all said utilities have been completed and approved by the City Engineers and other agencies as applicable. SECTION IV. INSPECTIONS AND ADMINISTRATIONS FEES: Subdivider shall pay and reimburse the City in advance of the signing of Agreement, in accordance 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 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. Failure to pay or reimburse the City in a timely manner may cause the City to cease all construction inspections until such time as all anticipated or outstanding inspection and administration fees have been satisfied. SECTION V. MISCELLANEOUS REOUIREMENTS: The Subdivider shall: A. Easements: Provide any easements on SuMvider’s land deeded necessary by the City Engineers prior to the Final Plat being signed, provided such easements are along lot 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. B. Street Signs: Reimburse the City for the cost of all street signs, traffic signs and posts, including the cost of their installation. C. Manner of Performance- Cause all construction called for by this Agreement to be carried out and performed in a good and workmanlike manner, 0 0 SUB ARGh4T DEER CREEK Page 7 D. Survev Monuments: Properly place and install any lot, block or other monuments required by State Statute or City Ordinance. E. Deed Restrictions: Execute and record deed restrictions and provide proof of recording prior to sale of lots by Premier Development, Inc. in Deer Creek Addition #1 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 tile in the ofice of the Subdivider and the oftice of the City Building Inspector unless a change is approved by the City Engineer. The Subdivider and/or the City andor 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 condtions and the property owner is responsible for the cost of the same.” F. 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. G. Sight Distances: Restricts lots on the face of the plat so that no structure of any kind which exceeds a height of 2 ‘h 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. 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. 0 I. Street Lights: Install street lights in accordance with Section 18.091 I of the City’s Land Division Ordinance. J. Permits: Submit to the City valid copies ofall agency permits including the Wasconsin D.N.R. and U.S. Army Corps of Engineers before construction commences and prior to any pre-construction meeting. SUB mcwr DEER CREEK Page 8 K. Sewer Extension Permits: (a,) The City of Muskego has, pursuant to the provision of Chapter 2 I of the City Code, granted the Subdivider sw three (73) Residential Equivalent Connections (REC's) as defmed 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 this phase. Subdivider is using thirty-six (36) 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 one (I) REC of capacity. (b.) Notwithstanding any of the above provisions, 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 the 21" day of December, 2002. L. Declaration of Restrictions: Provide a copy of signed document if a Planned Unit Development. SECTION VI. GUARANTEES: The Subdivider shall guarantee the public roads and streets, sanitary sewers, watermains, surface water drainage improvements and all other improvements described in Section I, Items A, B, C, & D, hereof, against defects due to faulty materials or workmanship provided that such defects appear within a period of one (I) year from the date of dedication and acceptance. The Subdivider shall pay for any damages to City property 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 VI1. GENERAL INDEMNITY: In addition to, and not to the exclusion or prejudice of, any provisions of this agreement or documents incorporated herein by reference, Subdwider shall indemnify and save harmless, and agrees to accept tender of defense and to defend and pay any and all reasonable legal, accounting, consulting, engineering and other expenses relating to the 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 independent contractors hired by the City to perform service as to this Subdivision and give the City evidence of the same upon request by the City. 0 e 0 0 SUE3 ARGh4NT DEER CREEK Page 9 SECTION VlII. AGREEMENT FOR BENEFIT OF PURCHASERS: The SuMvider 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. SECTION Ix. 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 PERMITS: 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 (Ord. #560). No construction or grading can begn until said permit is received from the City. SECTION XI. CONSTRUCTION PERMITS, ETC ... . 1. The City shall, withm its authority, issue such permits, adopt such resolutions, and execute such documents as may be necessary to permit the SuMvider 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. 2. The City shall, as a condition of the Subdwider 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 XII. a SUB ARGMNT DEER CREEK Page IO 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 either for the said 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. B. C. D. E. F. G. The sanitary sewer, water and surface water drainage facilities required to serve such homes are connected with an operational system as required herein, and The Buildng Inspector verifies that the installation of the bituminous concrete base course pavement has been installed including pedestrianhike paths. No Build~ng Permits shall be issued prior to all signatures being obtained on the Deed Restrictions, (Exhibit “G”), Cleaning of storm sewer system completed (See Section I.B.4). Video tape of sanitary sewer system completed (See Section I.D.4). All lot grades shall conform to the Master Gdng Plan (See Section 1.B.3). Negative balance in Developer’s Deposit is satisfied unless otherwise authorized by the Planning Director. SECTION XIIl. 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 the subject to the provisions of said ordinances. SUB ARGMNT DEER CREEK 0 Page I I SECTION XIV. FNANCIAL GUARANTEES: A. LETTER OF CREDIT: Prior to the execution of this agreement by the City, the Subdivider shall tile with the City a Letter of Credit setting forth terms and conditions approved by the City Attorney in the amount of $6l5,199.00 as a guarantee that the required plans, improvements, and approvals will be completed by the Subdivider and his subcontractors no later that one (1) year from signing of the Agreement, 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 XIV 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. C. RELEASE OF FUNDS FROM LETTER OF CREDIT: The Subdivider shall provide City with a wTitten request to the Finance Committee accompanied by: Request for Amendment of 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. DEVELOPER’S 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 X1V.C.). SUB ARGMNT DEER CREEK Page 12 SECTION XV. PARTIES BOUND: Subdivider or his assignees shall be bound by the terms of this agreement or any pari herein as it applies to any phase of the development of the Subdivision. SECTION XVI. ASSIGNMENT: Subdwider shall not assign this Agreement without the written consent of the City SECTION XW. AMENDMENTS: The City and the Subdivider, by mutual consent, may amend tlus agreement, by written agreement between the City and the Subdivider. e SUE3 ARGMNT DEER CREEK Page 1 3 IN WITNESS HEREOF. Subdivider and Cih, have caused this Agreement to b signed by their appropriate oficers and their seals to be hereunto affixed in duplicate original counterparts on the date and year first written above. PREMIER DEVELOPMENT, INC. By: Clark Tabbert, President By: Keith L. Lillquist, Vice President CITY OF MUSKEGO: 0 By: David L. De Angelis, Mayor By: Jean Marenda, City Clerk1 ~~CU~U~PU' STATE OF WISCONSIN ) SS WAUKESHA COUNTY ) PERSONALLY came before me this day of ~ 1997, to me known to be the person who executed the foregoing instrument and acknowledged the same. e Notary Public-State of Wisconsin My Commission Expires SUB ARGMNT DEER CREEK Page 14 STATE OF WISCONSIN ) SS WAUKESHA COUNTY ) PERSONALLY came before me this day of , 1997, the above named David L. De Angelis, Mayor, and Jean Marenda, City Clerk, 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 ofticers as the deed of said municipal corporation by its authority and pursuant to the authorization by the Common Council form their meeting on the day of , 1997 Notary Public-State of Wisconsin My Commission Expires 0 SUB ARGMNT DEER CREEK Page 15 0 CERTIFICATION This is to certify that the foregoing is a true and correct copy of the Subdvider’s Agreement for Deer Creek Subdivision, Muskego, Wisconsin, as entered into on the and the City of Muskego, pursuant to the authorization by the Common Council from their meeting on the day of ,1997 day of , 1997, by and between Premier Development, Inc. lean Marenda, City Clerk Clerk of the City of Muskego SUB ARGMNT DEER CREEK Page 16 LIST OF EXHIBITS EXHIBIT EXHIBIT EXHIBIT EXHIBIT EXHIBIT EXHIBIT EXHIBIT EXHIBIT E&IT A B C D E F G H J BOUNDARY DESCRIPTION & FINAL PLAT GRADING PLAN STORM SEWER PLAN WATER PLANS SANITARY SEWER EROSION CONTROL PLAN DEED RESTRICTIONS SUMP PUMP DRAINS & CLEANOUTS DECLARATION OF RESTRICTIONS 0 0 0 PUl3LIC MPROVEMENT COST BREAKDOWN Amount 1. Road Construction a. Excavation to subgrade b. Stone base material c. Bituminous base come pavement d. Bituminous surface course pavement e. Concrete pavement E Other g. Engineering inspections TOTAL 2. Site Grading-Landscaping a. Lot @ng b. Drainage ditch construction c. Retention pond construction d. Parking area construction - including pavement e. Tree & shrub plantings f. Landscaping as specified by City g. Eiosion control h. Engmeering inspections i. Erosion control bond TOTAL 3. Topsoil, SeedindSodding a. Road ditch area b. Terrace areas-in R.0.W c. Drainage ditches d. Retention ponds e. Areas as specified by City f. Engineering inspections g. Other TOTAL MPROVEMENT COST BREAKDOWN 4. Concrete Improvements a. Curb & gutter b. Sidewalk c. Blvd./traffic islands d. Ditch inverts e. Engineering inspections f. Other TOTAL 5. Sanitary Sewer System a. Mains, risers, & manholes b. Laterals c. Dumping station & generator d. Force main e. Grinder pumps & chamber-individual dwelling E Engineering Inspections g. Other TOTAL 6. Water Main System a. Mains, valves, & manholes b. Hydrants & leads c. Water services d. Well & pumphouse e. Engineering inspections f. Other TOTAL 7 Storm Sewer System a. Mains & manholes b. Catch basins & leads c. Culverts d. Drain tile e. Headwallsldischarge structures f. Engineering inspections g. Other TOTAL IMPROVEMENT COST BREAKDOWN 8. SpecialMisc. Improvements & Retainage a. Street lights b. Street signs c. Signs as specified by City d. Asphalt bike path e. Other TOTAL, 9. Fees a. City administration b. Engineering inspections - See each Section (required for all Letters of Crdt) c. Engineering - as built drawings for w/s e. Land acquisition f. Other TOTAL. MINUS OVERSIZING COSTS u TOTAL PROJECT ESTIMATE d. Legal 1 * 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 ahstrative fee of $25.00 plus $50.00 per public improvement category; excepting the categories of SpeciaVMisc. Imurovements and Fees. (Categories 8 & 9) BUILDERS MORTGAGE CORPORATION 403 Jackson Street, Sulto 301 Anoka, MN 65303 (612) 323-0823, Fax (612) 323-QlO5 ConrOucdon Loan Spacirbstc hr Prokraionrl Bwldvrs " IRREVOCABLE STANOBY OOCUMENTARY CREDIT CREDIT NO: DATE: Applfant: Benrfipy: I Premier Development, Inc. 505 Capitol Drive Pewaukee. Wl53072 City of Muskego W1.32 S8ZOO Reclne Avenue MUS~~QO, WI 53150 AMOUNT: $ .- - ._ e We hereby ioaue thlJ inevacable documentary credit in your favor in the ernaunt Of U.S.) which Is available by benekiary's draft(s) at sight dnwn on Builders Morlgege Corporution. Eech draft accompanying documents must state 'Drawn under Builders Mortgage Corporation's Documentary Credit No. This Standby Credit io to provide a guarantee to the Clty of Muskego for the paformenee of Premler Development. Inc.'s obligations under that certain agreement dated -, I997 between the City of Muskego and applicant. DRAFTS ARE TO BE ACCOMPANIED BY: A statemsnt signed by Ihe Mayor 01 the C~ty of Musks90 stating that Premler Developmenl. Inc has failed to complete the construction of subdivision improvements In accordance wlth said Agreement. Said statemant shell set forth the estimated amount nmcmssery for the City of Muskego to complete su&. mprovements Contlnued on page two (2). whlch is an integral part of thls Standby Credlf. - -. .. "._ -. m/lOO Dollars ($" - " 0 e Page 2, An integral par( of Standby Credit No. SPECIAL CONDITIONS: This Standby Credit will terminate! on or 90 days provldsd, however, Bu~lders Mortgage Corporation shall give wrlnen notice to tke beneficiary of its intention to terminate this Standby Credit 81 least 80 days prior to . Affer the dale stated in this persgraph, Ihls Letter of Credlt csn oniy twminete upon-90 days written notice to the Ponoficlery. It is hereby agreed by all parties hereto that the reference to "Agreement' is for Menlicetion purposes only end such reference shall not be construed in 8ny manner to require Builders Martgage Corporation to inquire Into Its term and obligation. 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 explration date. This original Standby Credit must be submltted to us together with any drawings hereunder for our endonement of any payments sffected by us adw for cancellottons. Very truty ywm, BUILDERS MORTGAGE CORPORATION Ronald G. Stranon Presidenl RGSh