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CCR2011057-Dedication-Wal Mart COMMON COUNCIL - CITY OF MUSKEGO RESOLUTION #057-2011 DEDICATION AND ACCEPTANCE OF PUBLIC IMPROVEMENTS IN AND FOR WAL-MART DEVELOPMENT AND RELEASE OF SURETY WHEREAS, Wal-Mart Real Estate Business Trust, hereafter called “DEVELOPER” has constructed public improvements which include water main facilities, including any and all equipment and appurtenances in and for Wal-Mart; and WHEREAS, the DEVELOPER has completed the construction and installation of the following improvements: Water Main 2143 LF at 65.00/LF of 12” diameter Water Main 13 EACH at $1,300.00/EACH of 12” diameter butterfly valve and valve box 8 EACH at $4000.00/EACH Hydrant with leads, valves and valve boxes and appurtenances (collectively called “IMPROVEMENTS”) in accordance with the provision of Chapter 18 of the Municipal Code of the City of Muskego, hereafter called the “CITY”, and the City Engineer has certified the systems’ acceptability; and WHEREAS, it is the Developer’s intent to, without charge to the CITY, unconditionally give, grant, convey and fully dedicate the IMPROVEMENTS to the CITY, free and clear of all encumbrances, and together with mains, conduits, pipes, plants, machinery, equipment and appurtenances which relate directly to the utilization of such IMPROVEMENTS; and WHEREAS, the DEVELOPER shall guarantee the public improvements to be dedicated against any defects due to faulty materials or workmanship which appear within a period of one (1) year from the date of dedication and shall pay for any damages resulting therefrom to the CITY property and shall indemnify the CITY against any claims, suits, or liabilities brought against the CITY at any time arising out of the alleged defects or other failure of this guarantee; and WHEREAS, the City Engineer has recommended a full release of the cash surety in the amount of $276,591.24, plus accrued interest; and NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of Muskego, upon the recommendation of the Finance Committee, does hereby accept dedication and acceptance of the public improvements within the Wal-Mart Development and authorize a full release of the cash surety including accrued interest. Reso. #057-2011 Page 2 TH DATED THIS _10 __ DAY of MAY , 2011 SPONSORED BY: FINANCE COMMITTEE Ald. Neome Schaumberg Ald. Noah Fiedler Ald. Keith Werner This is to certify that this is a true and accurate copy of Resolution #057-2011 which was adopted by the Common Council of the City of Muskego. _________________________ Clerk-Treasurer 05/11jmb