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CCR1988207COMMON COUNCIL - CITY OF MUSKEG0 RESOLUTION #207-88 APPROVAL OF FINAL PLAT AND SUBDIVIDERS AGREEMENT DURHAMSWOOD ADDITION #2 SUBDIVISION WHEREAS, a Final Plat has been submitted for the 31 lot Durhamswood Addn. 112 Subdivision in the NE 1/4 of Section 11, and WHEREAS, the Preliminary Plat was approved in Resolution #79-88, and WHEREAS, the Plan Commission has recommended approval, subject to approval of the City Engineer, and WHEREAS, the Subdividers Agreement has been recommended for approval by the Finance Committee, subject to Section 12, Pond Maintenance, being amended to grant the City control of the escrow funds. NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Muskego, upon the recommendation of the Plan Commission does hereby approve the Final Plat for the 31 lot Durhamswood ,'a Engineer and all objecting and approving agencies; and receipt of Addn. #2 Subdivision, subject to the approval of the City payment of any and all attorney, engineer, administrative, etc. fees. BE IT FURTHER RESOLVED that the Subdivider's Agreement as attached, with corrections pursuant to the Finance Committee City Attorney and City Engineer. recommendation, is hereby approved subject to approval of the DATED THIS /3& DAY OF , 1988 Ald. Mitchel Penovich ATTEST : City Clerk 9/88 jz SUBDIVIDER'S RG-W WRHAElSWOOD SUBDIVISION ADDITION 1 2 This agreement, made this e day of GPrc-Im, 1900 by and between ROBERT w KLENZ the .Developer', and the CITY OF WSKLW. a municipal corporation of the State of Wisconsin, located in Waukesha County, hereinafter called the -city- . WITNESSETH mFZAS. Developers have submitted for approval by the City a propomd final plan for DURHIL11sHooD RDD. 12, a residential subdivision, a copy of which is attached hereto, wde a part hereof and marked Exhibit 'A' (tha "Subdivision')# and WFIE~, s236.13 of the Wisconsin statutes pruvides that as a condition of plat approval, the governing body of the City may require that the Developers wke and install certain public improvements reasonably necessary for the Subdivision and further, nay require dedication of public streets, alleys or other ways within and adjacent to the Subdivision, to be conditioned upon the confitr~tion of said improvements according to municipal specifications without cost to said municipalityt and hlfERPAS, tho City's Engineers have duly approved the Develcpcrs' plans and specifications for Subdivision improvement and the Connuan Couneil has duly appruved and authorized the terms and provisions of this agreement and approved the final plat of Curhamswood Md. 12. NLW, THEREPORE, in consideration of the covenants herein contained, tha parties hereto agree as follas: SBXION I. IWIOJEMEWTS: The developers, entirely at their expense, shall: A. Rwda, Streets and Sewers: Construct and install Sanitary sewer, !' grade and improve all roads and streets in accordance with the plat of said Subdivision and the plans and qpecifications attached hereto, made a part hereof and mrked Exhibit %",,all in accordance with the City's street specifications. B. surface Water Drainaqe: 1. Construct,install, furnish and provide adequate facilities as approved by the City Engineer and Public works Cmittee for storm and surface rater drainage throughout and adjacent to the entire subdivision, in accordance with the plans and specifications attached hereto, made a part hereof and marked I. ! i I , i Rh1bit.C'. 2. The City shall furnish to the Develcgrs such permits or easewnta as may be required in any public street or property to enter upon and install the above deacribed surface vater drainage system. C. Landscapi~qr 1. Preaerve existing trees, wherever possible. in the construetion of subdivision inpropsmmts. 2. Remve and lavfully dispose of all destroyed trees, trunks, bruah, shrubs and other similar natural grath and all rubbish. 3. cornply with the City of Huskego Erosion Control Ordinance and as Far Erosion Control Plan as filed with the City Building Inmctor for Durham- rood SuMivision. SECTION XI. TIE OF COUPIE?ION OF IICQROWKEWSI The improvements set forth in Secticn I above shall be colnpleted by the Developers in total vithin twelve (12) rnnths of the date of this agreement of recording of the final plat, vhichever date comes first. SECTION 111. DEDICATION: Subject to all of the other provisions of this agreement, Develcpers shall, without charge to the City, upon completion of the she described improvemnts, unconditionnlly give, grant, convey and fully dedicate the roads and streets, mnnitary sewer, storm and surface vater drainage facilities to the City, its 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, msinb. conduits. pipes, lines plant, mschinery, equipment, appurtenances and hereditaments which may in any way be a part of or pertain to such inprovements and together with any and all necessary ; easements for access thereto. i I i SECTION IV. INSPE(ITI0NS AND ACMINIS?RATION FEES: The Developer shall pay and reimburse the City all fees as required and I at the times specified in Chapter 10 of its Land Oivision OrdiMme. SECTION V. HISCELIANEOUS REQUIREMENTS: The Develwr shall: ! A. Edsements: Provide any easements on and adjacent to Develqere' lmd deemed necessary by the City Engineers before the final plat is signed, provided such easements are Bo located as not to render any lot unbuildable or unnaleable. 8. Street Signs I Lights: Reimburse the City for the cost of all street signs, posts and lights and the cost of their installation, this to include (2) all traffic signs. c. hMer of Performncer Cause all construction called for by thin agreement to be carried out and performed in a good and wrkmanlike -Mer. D. Survey HDnuRentst Properly lace and install any survey or Other mn-nts required by statute or ordinance. E. Deed Restrictions: Execute and record deed restrictions in tha form attached hereto, made a part herof and marked Exhibit "D". p. Grades: Furniah to the Building Inspector of the City a copy of Exhibit "c" Shaing the street grade in frat of each lot, the yard grade and the grade of all four corners of each lot. G. street Treesx Require by Deed Restriction, street tree planting's in accordance rith RES. PC. 12-16. SECTION VI. GUARANTEES: The Developer shall guarantee the surface water drainage improvements and other improvements described in Section I. items A. 8, and C hereof, against defects due to faulty materials or workanship provided that such defect6 appear within a period of one (1) year from the date of dedication and meptance. The developers shall pay for any dawges to City property resulting frm such fault natcriale or workmanship. SECTION VII. GENERAL INDEUNITY: In addition to, and not to the exclusion or prejudice of, any provisions of this agreement or documents incorporated herein by reference. DBvelopers shall indennify and 6ave harmless the City, it6 officers. agents and employees. and shall defend the me from and against any and all liability, claim, loso damages, interest actions, suits, judqments, costs, expenses, attorney's fees, and the like to rhanaoever wed and by rhomsoever and rhenever brought or obtained, rhich may in any manner result from or arise in the course of, out of, or as a result of the Developers' negligent construction or cperatlon of inproveuents covered thereby, or its violation of any lar or ordinance, the infringement by it of any patent, trademark, trade name of copyright, and Its use of road improvenets prior to thelr formal dedication and acceptance by the I city. SECTION VIIX. AGREEHEW FOR BENEFIT OF PURCHASERS: The developers 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. SECTION'IX. ACCEPTANCE OF WOW AND DEDICATIONt As and when the Developers shall have completed the improvemnts herein required, and shall dedicate the name to the City as Bet forth herein, tho sum shall be accepted by the City if said improvements have been conpleted as required by this agreement and as required by applicable City Ordinams and other applicable law and approved by the City Engineers. SECTION X. CONSTRUCTION PERnITS, EX.: 1. The City shall, within its authority, issue such permite, a-t such resolutions, and execute such documents as nay be necessary to permit DevelopcrS to construct the improvements in accordance with plans and spcific4tions called for by this agreement, upn Developers' compliance with any daposit prwiaions or regulation. on other requirements of applacable ordinancest and the City shall cwerate with Developers in obtaining similar permits. resolutionm and dccllmsnts as may be necessary frm other authorities having jurisdiction in the premises. 2. The City shall, as a condition of the Developbrs execution thin agrea- mnt, make available lo the Developers or their nminee, succesmrs or assigns, building permits for the construction of khirty-one single Cmily resi&nra subject to the provisions of Section XI. SmXON XI. BUILDING AND CCCWANCI PERMITS: The Developer (or the Developer on behalf of purchasera of lots from Developer) shall, after the execution of this agreement, be allaad to apply for, and upon proper application the City shall grant, building pmits Cor construction OC Thirty-one (31) single family has to be constructed upon such lot. in the SuMivision as may be selected by the Developer, his minee'n or assigns. I It is empremnly understccd and agreed, hwever, that no 0aup.n~ pdtm shall be issued for the said has, until the City's engimers have determined that: A. Tha wwr and surface water drainage facilities required to serve Nch hcws are connected with an operatlong system as required herein. and 8. That the City's Engineers have apprmd the condition of the roads then existing to eerve such hames as sufficient lo service the traffic reason- ably anticipated during the period prior to the date when the roads must ba cmpleted and dedicated. i (4) . .. a 0 City shall also permit Developer to place Two 4 Pt by 8 Pt signs adwr- tising Mid lots for sale, on subject property. Sign shall be valid for a period of one year and may be renawed upon mutual agreement of City and Developer for additional six mnth intervals. There shall be no cost to the Developer for permits relation to said signa. SECTION XII. POND HRINTeEIANcE-puTuRE: The drainage pond, also knam as Outlot 11 of the plat of DUrhmmKad Add. 12 shall be amed by no less than 31 lot mners in Durhanerood Md. 12 with each being deeded their proportionate share by warranty deed. Through eatab- lishnt of a Homeowners will be responsible for maintenance of said pond and overflw storm sewer maintenance including, but not limited to grass cuttim, shrub msintenance, repair, rehabilitation, dredging, cleaning, and plantinge etc. Due to the possibility of large expenditures for future msintenance, possible dredging and/or cleaning of said pond, Developer agrees to give to the City to be owned by the City $5.000 to be used if the City sees fit for any pond main- tenance, repair, rehabilitation, dredging, cleaning. grass cutting, shrub maintenance, planting, etc. to maintain the pond and adjoining overflw storm sewer maintenance. The City shall have no liability as to Outlot 11 except to assure that any mrk authorixed by the City has been properly completed and that funds are expended for such work and responslbllity for any pond naintensnce, repair, rehabilitation, dredging, cleaning, grass cutting, shrub maintenamze, plant etc. to such pond and overflow storm sewer shall remain with the Rome mer8 Association. Any balance remaining shall continue to be held by the City for any other future maintenance. the City wiehes to perform if any. The City may, at any time, upon mutual agreement with the Association, release any and all funds remaining in the account to the Association, but the City shall not be obligated to do ea*. SECTION XIII. CENElUL CONDITIONS AND REGVIATIONS: All the provisions of the City's ordinances are incorporated herein by reference, and all such provisions ahall bind the parties heretn and be a part of this agreement as fully as If set improvements required hereunder shall ba performd and carried out in strict accordance with and subject to the providons of aid ordinances. GELTION XIV. FINmIAL GURRAWTEE: Prior to the execution of this contract by the City, the mvelopcrs shall I I .. file with the City, a letter of credit setting forth term and conditions approved by the City Attorney, in the amunt of $245,000.00 as a guarantee that the required improvemente rill be cowleted by the Developers and their sub- contractors no later than (1) year from the date of the recording of the fiM1 plat or the date of this agreement, whichever date comes first, and as a further guarantee that all obligations to the subcontractors for work perfoorwd on the development are eetiafied. 1 -ION XV. PARTIES BOUND: Developers or their aaaignees shall be bound by the terms of this agree- ment or any part herein as it applies to any phase of the devslcment of the aubdivision. IN WITNESS WHEREOF, Developers and City have caused this agrement to tm . signed by their appropriate oEficers and their seals to be hereunto affixad in duplicate original counterparts on the day and year first written above. DBVBIOPER CITY OF WSXEcn I : BY: JeAN IIARENM, CITY CLERR ! lhis instrument was drafted by: i Robert w. Klenr . I: 'i. ! State dnk Hales Corners 10708 W. Janesville Rd. Hales Corners, WI 53130 INAME AND ADDRESS OF ISSUING BANK1 AMOUNT $245,000.00 TO City of Muskego Muskego, WI 53150 NO. 88 10 DATE September 15, 198 7 WE HEREBY AUTHORIZE YOU TO DRAW ON US FOR THE ACCOUNT OF UP TO AN AGGREGATE AMOUNT OF $245,000.00 AVAILABLE BY YOUR DRAFTS1 AT SIGHT TO BE ACCOMPANIED BY We hereby issue this Irrevocable Standby Letter of Credit in your favor (the beneficiary's) which is available by beneficiary's draft(s) at sight drawn on State Bank Hales Corners, Hales Corners, Wisconsin. Each draft and accompanying documents must state "Drawn under State Bank Hales Corners, Hales Corners, Wisconsin, Letter o'f Credit No.8810." This Standby Letter of Credit is to provide security to the City of Muskego for the performance of Robert W. Klenz, obligations to complete the construction of all Xmprovements required by subdividers agreement between Robert W. Klenz and the City of Muskego, property reference currently being Tax Key No. MSKC 2201.990. Deafts are to be accompanied by a statement by the Mayor of the City of Muskego stating e at Robert W. Klenz has failed to complete the construction of all improvements in ccordance with said agreement. Said agreement shall set forth the estimated amount necessary for the City of Muskego to complete such improvements. Special Conditions: It is hereby agreed by all parties hereto that the reference to "Agreement" is for identi- fication purposes only and such reference shall not be construed in any manner to require State Bank Hales Corners, Hales Comers, WI, to inquire into its terms and obligations. SPECIAL INSTRUCTIONS: See Reverse Side. ALL BANKING CHARGES OTHER THAN ISSUING BANK'S ARE FOR BENEFICIARY'S ACCOUNT PARTIAL DRAWINGS @ PERMIITED NOT PERMITTED. ALL DRAFTS MUST BE MARKED "DRAWN UNDER LmER OF CREDIT OF Star- V 1%- 06 ISSUING 84Nlll NO. 88 10 DATED September 15 , 1988.- CHAMBER OF COMMERCE BROCHURE NO. 400. WE AGREE WITH YOU TO PAY DRAFTlSl DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS THIS CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS 11W3 REVISIONI. INTERNATIONAL OF THIS CREDIT IF PRESENTED AT THIS OFFICE TOGnHER WITH THIS LFITER OF CREDIT ON OR BEFORE THE CLOSE OF OUR BUSINESS ON December 15 , 193 stock No. 11244 z Tne total amount of the Irrevocable Standby Letter of Credit shall be reduced as per the City of Muskego’s inspection and approved as work is completed. .T ” a he Irrevocable Standby Letter of Credit No. 8810 will be duly honored in presented e hereby agree with you that drafts drawn under and in compliance with the terms of to the above mentioned drawee bank on or beEore December E, 1989. however, State Bank Hales Corners, Hales Corners, WI, shall give written notice to the This Standby Letter of Credit will terminate on the 15th day of December, 1989, provided beneficiary of its intention to terminate this Standby Letter of Credit at least ninty Credit can only terminate upon ninty (90) days written notice to the beneficiary. (90) days prior to said 15th day of December, 1989. After said date, this Letter of This credit is subject to the Uniform Customs and Practice for Documentary Credits (1983 Revision) International Chamber of Commerce Publications 400. The above total includes the following: 1. Sanitary Sewer/storm sewer $ 88,621.00 2. Grading, pond construction, roads & seeding 140,582.00 3. Street signs 6 lights 2,000.00 4. City engineering & legal fees 5,000.00 5. Pond maintenance account 5,000.00 6. Miscellaneous expenses 3 797.00 $245,000.00