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CCR1993146AMENDED COMMON COUNCIL - CITY OF MUSKEGO RESOLUTION #146-93 APPROVAL OF DEVELOPER'S AGREEMENT AND LETTER OF CREDIT Stoney Creek WHEREAS, the Developer's Agreement and Letter of Credit have been received for Stoney Creek, as attached, and the Finance Committee has recommended approval. NOW, THEREFORE, BE IT RESOLVED that the Common Council Of the City of Muskego, upon the recommendation of the Finance Committee, does hereby approve the Developer's Agreement and Letter of Credit, attached as amended, for Stoney Creek subject to the approvals of the City Attorney and City Engineers, 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 the Mayor and Clerk are hereby authorized to sign the necessary documents in the name of the City. DATED THIS 8TH DAY OF JUNE , 1993. SPONSORED BY: FINANCE COMMITTEE Ald. Patrick A. Patterson Ald. Edwin P. Dumke Ald. David J. Sanders This is to certify that this is a true and accurate copy of Resolution #146-93 which was adopted by the Common Council of the City of Muskego. .$* JUNE 08, 1993 - '&\ , BENEFICIARY: CITY OF MUSKEGO W182 58200 RACINE AVE. 9400 N. 107TH STREET MUSKEGO, WI 53150 MILWAUKEE, WI 53224 APPLICANT: SKYLINE DEVELOPMENT CORPORATION OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. S100928 AMOUNT: $74,000 GENTLEMEN: WE HEREBY ISSUE THIS IRREVOCABLE DOCUMENTARY CREDIT IN YOUR DRAWN ON FIRSTAR BANK MILWAUKEE, N.A. EACH DRAFT ACCOMPANYING FAVOR WHICH IS AVAILABLE BY BENEFICIARY'S DRAFT(S) AT SIGHT DOCUMENTS MUST STATE "DRAWN UNDER FIRSTAR BANK MILWAUKEE, N.A. IRREVOCABLE STANDBY LETTER OF CREDIT NO, S100928. THIS STANDBY CREDIT IS TO PROVIDE A GUARANTEE TO THE CITY OF MUSKEGO FOR THE PERFORMANCE OF SKYLINE DEVELOPMENT CORPORATION'S OBLIGATIONS UNDER THAT CERTAIN AGREEMENT DATED JUNE 8, 1993 BETWEEN THE CITY OF MUSKEGO AND APPLICANT. DRAFTS ARE TO BE ACCOMPANIED BY: A STATEMENT SIGNED BY THE MAYOR OF THE CITY OF MUSKEGO STATING THAT SKYLINE DEVELOPMENT CORPORATION HAS FAILED TO COMPLETE THE CONSTRUCTION OF PROJECT IMPROVEMENTS IN ACCORDANCE WITH SAID AGREEMENT OR OTHERWISE PERFOF OBLIGATIONS OF SAID AGREEMENT. SAID STATEMENT SHALL SET FORTH THE ESTIMATED AMOUNT NECESSARY FOR THE CITY OF MUSKEGO TO COMPLETE SUCH IMPROVEMENTS OR OBLIGATIONS. SPECIAL CONDITIONS: ****CONTINUED ON NEXT PAGE**** OUR REF. NO. s1009za PAGE 2 - THIS STANDBY CREDIT WILL TERMINATE ON THE 9TH DAY OF SEPTEMBER WRITTEN NOTICE TO THE BENEFICIARY OF ITS INTENTION TO TERMIRATE 1994 PROVIDED, HOWEVER, FIRSTAR BANK MILWAUKEE, N.A. SHALL GIVE THIS STANDBY CREDIT AT NINETY (90) DAYS PRIOR TO THE 9TH DAY OF ONLY TERMINATE UPON NINETY (90) DAYS WRITTEN NOTICE TO THE SEPTEMBER, 1994. AFTER SAID DP.TE, THIS LETTER OF CREDIT CPN 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 OBLIGATIONS. FIRSTAR BANK MILWAUKEE, N.A. TO INQUIRE INTO ITS TERMS AND 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 EXPIRY DATE. THIS ORIGINAL STANDBY CREUIT MUST BE SUBMITTED TO US TOGETHER WITH ANY DRAWINGS HEREUNDER FOR OUR ENDORSEMENT OF ANY PAYMENTS EFFECTED BY us AND/OR FOR CANCELLATION. VERY TRULY YOURS, AUTHORIZED SIGNATURE AUTHORIZED SIGNATURE MG I L in DEVELOPER'S AGREEMENT This agreement, made this k - day of /." at I , 19 93 by and between b,,~,- c 6 w F c.~ t,, ,v/~ JC Lf E "DeveloDer", and the City of Muskeqo, a municipal corporation - , the of the 'state of Wisconsin, located-in Waukesha-County; hereinafter called the "City". WITNESSETH WHEREAS, Developer has submitted for approval by the City a proposed Building, Site and Operation Plan for Stoney Creek Development, a boundary description of which is attached hereto as Exhibit A and a copy of which is on file in the Office of the Planning Department, for which a Building, Site and Operation Plan was approved by the Plan Commission on March 16, 1993; Plan approval, the Plan Commission of the City required that WHEREAS, as a condition of Building, Site and Operation the Developer make and install certain public and private improvements reasonably necessary for the Project and further, may require dedication of public streets, to be conditioned upon the construction of said improvements according to municipal specifications without cost to said municipality; and WHEREAS, the Plan Commission, the City's Engineers, the City's Public Works Committee, Public Utility Committee and Finance Committee have duly approved, contingent of certain other approvals, plans and specifications for project improvements, and the CITY'S Plan Commission has duly approved the Building, Site and Operation Plan of Stoney Creek Development, contingent upon the execution and performance of this Agreement by the Developer. NOW, THEREFORE, in consideration of the covenants herein contained, the parties hereto agree as follows: DEVELOPER'S AGREEMENT SECTION I. IMPROVEMENTS: DEVELOPER, entirely at its expense, shall: Roads and Streets 1. Grade and improve Tess Corners Drive, in accordance with the Building, Site and Operation of said Project and the plans and specifications attached hereto, made a part hereof and marked Exhibit "B", all in accordance with the City's street specifications. A. E. L. D. Surface Water Drainaqe and Master Gradinq Plan 1. DEVELOPER shall construct, install, furnish and provide facilities as approved by the City Engineer and Public Works Committee for storm and surface water drainage including a detention pond , all in accordance with the plans and specifications attached hereto, made a part hereof and marked Exhibit "C". 2. The CITY shall furnish to the DEVELOPER such permits or easements as may be required in any public street described surface water drainage system therein. or property to enter upon and install the above Landscapinq 1. Preserve existing trees outside of the public right-of-way wherever practical, when installing the Project improvements. 2. Remove and lawfully dispose of: (a) all old barns and out buildings; (b) destroyed trees, brush, tree trunks, shrubs and other natural growth; (c) and all rubbish. 3. Provide landscaping in accordance with the plans and specifications attached here to and in accordance with Exhibit "D" . Erosion Control Measures 1. DEVELOPER shall construct, install, furnish and measures in specified areas of the Project, as approved provide a complete system of Erosion Control Devices or by the City Engineer and Building Inspection Department and in accordance with the plans and specifications attached hereto as Exhibit "E" also in accordance with Chapter 29 of the City's Municipal Code. 2. 3. 4. Install silt fencing in conformance with the approved plans prior to the grading and construction work. Such fences shall be maintained by the DEVELOPER until such time as turf cover is established in the Project. No grading shall occur without a 2 day notice to the City. Mulching and seeding of all terraced areas to comply with Chapter 29. The DEVELOPER is responsible for obtaining Erosion Control Permits for the site for controlling erosion on the site. SECTION 11. TIME OF COMPLETION OF IMPROVEMENTS completed by the Developer in total within one (1) year from the signing of this Agreement except if an earlier date is provided for in the Agreement. SECTION 111. DEDICATION The improvements set forth in Section I above shall be Subject to all of the other provisions of this agreement, DEVELOPER shall, without charge to the CITY, upon completion of unconditionally give, grant, convey and fully dedicate the the above described improvements in Section I.A., Roads and Streets, to the CITY, its successors and assigns, with and including, without limitation because of enumeration, forever, free and clear of all encumbrances whatever together any and all land, 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, when all facilities are completed and approved by the City Engineers. SECTION IV. INSPECTIONS AND ADMINISTRATION FEES DEVELOPER shall pay and reimburse the CITY in advance of the signing of the Agreement, in accordance with Section 10 of the CITY'S Land Division Ordinance and at times specified therein and if not specified, then within 30 days of 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, engineering, preparing, checking and review of designs, plans including without limitation by reason of enumeration, design, and specifications; supervision, inspection to insure that construction is in compliance with the applicable plans, administrative and fiscal work undertaken to assure and specifications, regulations and ordinances; legal, implement such compliance. SECTION V. MISCELLANEOUS REQUIREMENTS The DEVELOPER shall: A. Street Siqns: Reimburse the CITY for the cost of all street signs, traffic signs and posts, including the cost of their installation. B. Manner of Performance: Cause all construction called for workmanlike manner. by this Agreement to be carried out and performed in a good and C. Survey Monuments: Properly place and install any lot, block or other monuments required by State Statute or City Ordinance. D. Sight Distances: Restricts lots so that no structure of any kind which exceeds a height of 2 1/2 feet above the center of the intersection shall be permitted in the vision setback area in conformance with Section 17:5.02(2) F L G. of the Zoning Ordinance. E. Street Liqhts: Install street lights in accordance with Section 8.11 of the City's Land Division Ordinance. F. Permits: Submit to the City valid copies of all agency permits including the Wisconsin DNR and U.S. Army Corps of 0 Engineers. SECTION VI. GUARANTEES The DEVELOPER shall guarantee the public roads and streets, and surface water drainage improvements and all other improvements described in Section I, items A, B, C, .S D, hereof due to faulty materials or workmanship provided that such and all other obligations of this agreement, against defects defects appear with a period of one (1) year from the date of dedication and acceptance. The DEVELOPER shall pay for any damages to CITY property resulting from such faulty materials or workmanship. This guarantee shall not be a bar to any materials. Wisconsin law on negligence shall govern such action the CITY might have for negligent workmanship or situations. SECTION VII. GENERAL INDEMNITY anv orovisions of this Aqreement or documents incorporated In addition to, and not to the exclusion or prejudice o f, .. herein by reference, DEVELOPER shall indemnify and save harmless the City, its officers, agents, and employees, and shall defend the same from and against any and all liability, 0 claims, losses, damages, interest actions, suits, judgments, costs, expenses, attorney's fees, and the like to whomsoever may in any manner result from or arise in the course of, out owed and by whomsoever and whenever brought or obtained, which of, or as a result of the DEVELOPER'S negligent construction or operation of improvements covered thereby, in its violation of any law or ordinance, the infringement by it of any patent, trademark, trade name or copyright, and its use of road improvements prior to their formal dedication and acceptance by the CITY. SECTION VIII. AGREEMENT FOR BENEFIT OF PURCHASERS The DEVELOPER agrees that in addition to the CITY'S rights herein, the provisions of this Agreement shall be for the benefit of the purchaser of any unit or any interest in any unit or parcel of land in the Project unit. SECTION IX. ACCEPTANCE OF WORK AND DEDICATION As when the DEVELOPER shall have completed the improvements herein required, and shall dedicate the same to CITY if said improvements have been completed as required by the CITY as set forth herein, the same shall be accepted by the 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 PERMIT The DEVELOPER 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). SECTION XI. CONSTRUCTION PERMITS, ETC. 1. The CITY shall, within its authority, issue such permits, adopt such resolutions, and execute such documents as may be necessary to permit DEVELOPER to construct the improvements in accordance with the plans and specifications called for by this agreement, upon DEVELOPER'S compliance with any deposit provisions or other requirements of the applicable ordinances or regulations; and the CITY shall cooperate with the DEVELOPER in obtaining similar permits, resolutions and documents as may be necessary from other authorities having jurisdiction in the premises. 0. 2. The CITY shall, as a condition of the DEVELOPER executing this Agreement, make available to the DEVELOPER or Its nominee successors or assigns, building permits for the construction of the project. SECTION XII. OCCUPANCY PERMITS: Permits shall be for any part of the proposed project until the It is expressly understood and agreed that no Occupancy City's Engineers have determined that: A. The road improvements to Tess Corners Drive and surface water drainage facilities required to serve the project are connected with. an operating system as required herein, and SECTION XIII. 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 and subject to the provisions of said ordinances. SECTION XIV. FINANCIAL GUARANTEE DEVELOPER shall file with the CITY a Letter of Credit setting forth terms and conditions approved by the CITY Attorney in the amount of $74,000 as a guarantee that the required plans, improvements, and approvals will be completed by the DEVELOPER and his subcontractors no later than one (1) year from the signing of the Agreement, except if an earlier date is provided within this agreement and as a further guarantee that all obliaations to the subcontractors for work on the Project are Prior to the execution of this Agreement by the City, the satisfied and all other obligations of the agreement ire -' satisfied. SECTION XV. PARTIES BOUND " this Agreement or any part herein as it applies to any phase of the development. DEVELOPER or its assignees shall be bound by the terms of SECTION XVI. ASSIGNMENT written consent of the CITY. DEVELOPER shall not assign this Agreement without the SECTION XVII. AMENDMENTS approved by the Common Council and shall be made part of this agreement. Any amendments to this agreement or Exhibits shall be IN WITNESS HEREOF, DEVELOPER AND CITY have caused this Agreement to be signed by their appropriate officers and their seals to be hereunto affixed in duplicate original counterparts on the date and year first written above. DEVELOPER: By : By : See. CITY OF MUSKEGO By : David L. DeAngelis, Mayor By : Jean Marenda, Clerk STATE OF WISCONSIN WAUKESHA COUNTY Personally came before me this f- day of J~u E 1993 the above-named &rzLn~g, President, and JS*Y .desc.~h , Secretary, of+aue LfcEpC.- L~P, to me known to be such President and Secretary of said corporation, and acknowledged that they executed the foregoing instrument as such officers as the deed of said , by its authority. rf / / /!&-./ /" I Notary Public, Waukesha, WI LL€" AI -r,EJiRI My Commission Expires: STATE OF WISCONSIN ) WAUKESHA COUNTY ) ) Personally came before me this day of Marenda, CITY Clerk, of the above-named municipal corporation 1993, the above named David L. DeAngelis, Mayor, and Jean K. CITY of Muskego, to me known to be the persons executed the Clerk of said Municipal corporation, and acknowledged that they foregoing instrument, and to me known to be such Mayor and CITY 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 1993. Notary Public, Muskego, WI My Commission Expires: