HomeMy WebLinkAbout6.f. Rescind Bloomfield 2nd Subdivision Agreement and Redirect FundsCITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: March 6, 2000
AGENDA ITEM: Rescind Bloomfield 2n Subdivision
AGENDA SECTION:
Agreement and Redirect Funds
CONSENT
PREPARED BY: Thomas D. Burt, City Administrator
AGIJM
ATTACHMENTS: RESOLUTION, Back Ground
APPROVED BY:
Information
On August 17, 2000 City Council approved the subdivision agreement for CMC Heartland
Partners for the 2n Addition of Bloomfield. To date the developer has not signed the subdivision
agreement nor has the final plat been filed with the County.
Staff recommends the City Council rescind the subdivision agreement for Bloomfield 2nd
Addition. The developer, CMC, has failed to act in a timely manner and as a result the City has a
contract for improvements we are not able to follow through on. In light of this and their failure
to execute an agreement the subdivision agreement should be rescinded until we can determine
what the intentions are of CMC Heartland.
In addition, the city issued 429 debt for this project that we must redirect for a different project to
meet our obligations for payment. Staff recommends the City Council adopt the attached
resolution to redirect Series 1999B bonds that have been issued for this project. At a future City
Council meeting these funds will be redirected to a year 2000 project.
RECOMMENDED ACTION:
MOTION to rescind the Subdivision Agreement for Bloomfiled Second Addition.
MOTION to approve A RESOLUTION TO REDIRECT SERIES 1999B BONDS
BLOOMFIELD SECOND ADDITION.
COUNCIL ACTION:
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2000 -
A RESOLUTION TO REDIRECT SERIES 1999B BONDS
FOR BLOOMFIELD SECOND ADDITION
WHEREAS, the City of Rosemount has heretofore issued its General Obligation Improvement
Bonds, Series 1999B (the "Series 199B Bonds ") to provide funds to finance, among other things,
a local improvement project initiated under Minnesota Statutes Chapter 429, and designated as
the Bloomfield Second Addition Project (the `Bloomfield Improvements ");
WHEREAS, the development for which the Bloomfield Improvements were to be constructed
has not proceeded, and consequently the City has determined to abandon the Broomfield
Improvements in accordance with the provision of Minnesota Statutes Section 475.65.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Rosemount, as
follows:
The City hereby abandons the Bloomfield Improvements. The proceeds of the Series 1999B
Bonds which were to be used to finance the Broomfield improvements shall be applied to finance
another improvement project initiated by the City under Minnesota Statutes Chapter 429, such
substitute improvement project to be approved by the City Council at a later date pursuant to a
resolution. Any surplus Bond proceeds not used for the new improvement project shall be
transferred to the debt service fund of the Series 1999B Bonds.
ADOPTED this 6th day of March, 2000 by the City Council of the City of Rosemount.
Cathy Busho, Mayor
ATTEST:
Linda J. Jentink, City Clerk
Motion by:
Seconded by:
Voted in favor:
Voted against:
Member Not Present:
CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: August 17 1999
AGENDA ITEM: Approve Final Plat and Subdivision Agreement AGENDA SECTION:
and Receive Bids and Award Contract, Consent
Bloomfield Second Addition, City Project No. '
299
PREPARED BY: Bud Osmundson AGENDA NO.
a
City Engineer/Public Works Director g =:
ATTACHMENTS: Bid Tabulation, Resolution, and Subdivision APPROVED BY,(
Agreement
Attached is a copy of the Subdivision Agreement for Bloomfield Second Addition. The developer,
CMC Heartland Partners, has agreed to the conditions of this agreement. The final plat was approved by
the Planning Commission on July 27, 1999. Bloomfield Second Addition includes 97 single family lots
southeast of Bloomfield Path, plus 20 twinhome units east of Biscayne Avenue.
On Friday, July 30, 1999, bids for the referenced project were received and read aloud publicly. Four
bids were received on the project. The low bidder for the project is Ryan Contracting in the amount of
$1,566,414.10. The bids ranged from the low bid to a high bid of $1,601,617, and the engineer's
estimate was $1,668,400.
The firm of WSB & Associates, Inc., the consulting engineers for the project, and staff recommend the
award of Project #299 to Ryan Contracting, Inc. in the amount of $1,566,414.10.
Staff recommends the three motions be taken as described below.
RECOMMENDED ACTION: MOTION TO APPROO A RESOLUTION APPROVING THE
FINAL PLAT FOR BLOOMFIELD SECOND ADDIT
and
MOTION TO APPROVE THE SUBDIVISIONAGREEME FOR B OOIVIFIELD SECOND
ADDITION AND TO AUTHORIZE THE NECESSARY
and
MOTION TO ADOPT A RESOLUTION RECEIVINBIDS L AND AAW�ARD
FOR BLOOMFIELD SECOND ADDITION ST
PROJECT #299.
COUNCIL ACTION:
DAKOTA COUNTY, tiIINNESOTA
RESOLUTION 1999-
A RESOLUTION APPROVING THE FINAL PLAT FOR
BLOOMFIELD SECOND ADDITION
`WHEREAS, the Community Development Department of the City of Rosemount received an
application for final plat approval submitted by CMC Heartland Partners, as required by
ordinance, for the purpose of a single family attached and detached residential development on
land legally described as:
Outlot A, Outlot B, Outlot C, Bloomfield, according to the recorded plat thereof, Dakota
County, Minnesota.
WHEREAS, the Planning Commission of the City of Rosemount reviewed the final plat
application for Bloomfield Second Addition at their regular meeting on July 27, 1999; and,
WHEREAS, the Planning Commission adopted a motion to recommend approval of the final
plat to the City Council as required by the Subdivision Ordinance; and,
WHEREAS, the City Council of the City of Rosemount reviewed the final plat application as
required by the Subdivision Ordinance on August 17, 1999.
NOW, THEREFORE, BE IT RESOLVED, the City Council of the City of Rosemount hereby
approves the final plat for Bloomfield Second Addition, subject to:
1) Execution of a subdivision development agreement to secure public infrastructure;
2) Installation of sidewalks along one side of all local streets except the cul -de -sacs and the
south side of Bloomfield Path and west side of Auburn Avenue. Installation of bike paths
along the north side of Bloomfield Path and the east side of Auburn Avenue;
3) Park dedication in the form of cash contribution;
4) Conformance with the conditions of Resolution 1998 -85.
ADOPTED this 17`" day of August, 1999, by the City Council of the City of Rosemount.
Cathy Busho, Mayor
ATTEST:
Susan M. Walsh, City Clerk
Motion by:
Voted in favor:
Seconded by:
Voted against:_
Member absent:
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 1999-
A RESOLUTION RECEIVING BIDS AND AWARDING CONTRACT
FOR BLOOMFIELD SECOND ADDITION
STREET & UTILITY IMPROVEMENTS
CITY PROJECT #299
BE IT RESOLVED by the City Council of the City of Rosemount, Minnesota, as follows:
1. All bids on construction of the Bloomfield Second Addition Street & Utility
improvements are hereby received and tabulated.
2. The bid of Ryan Contracting, Inc. in the amount of $1,566,414.10 for the
construction of said improvements in accordance with the plans and specifications
and advertisement for bids is the lowest responsible bid and shall be and hereby is
accepted.
3. The Mayor and Clerk are hereby authorized and directed to enter into a contract
with said bidder for the construction of said improvements for and on behalf of the
City of Rosemount.
4. The City Clerk is hereby authorized and directed to return forthwith to all bidders
the deposits made with their bids, except that the deposit of the successful bidder
and the next two lowest bidders shall be retained until a contract has been
executed.
ADOPTED this 17th day of August, 1999, by the City Council of the City of Rosemount.
ATTEST:
Susan M. Walsh, City Clerk
Cathy Busho, Mayor
Motion by: Seconded by:
Voted in favor:
Voted against:
Member absent:
350 Westwood Lake Office
WSA8 8441 Wayzata Boulevard
Minneapolis, MN 55426
612- 541 -4800
&Associates, Inc. FAX 541 -1700
July 30, 1999
Honorable Mayor and City Council
City of Rosemount
2875 145' Street West
Rosemount, MN 55068 -4997
BA Nlittelsteadt, P.E.
Bret A. Weiss, P.E.
Peter R. Wiillenbring, P.E.
Donald W. Sterna, P.E.
Ronald B. Bray, P.E.
Re: Bloomfield 2' Addition Street & Utility Construction and Appurtenant Work
City of Rosemount Project No. 299
WSB Project No. 2012.20
Dear Mayor and Council Members:
Bids were received for the above - referenced project at 10:00 a.m., July 30, 1999, and were
opened and read aloud. A total of four bids were received. The bids were checked for
mathematical accuracy and tabulated. Please find enclosed the bid tabulation indicating the
low bidder as Ryan Contracting Co. the amount of $1,566,414.10.
We recommend award ofthe contract to Ryan Contracting Co. in the amount of $1,566,414.10.
Sincerely,
WSB & Associates, Inc.
Bret A. Weiss, P.E.
Vice President
Enclosures
c: Ryan Contracting Co.
RW
F- APWIM2012.20'"C- "&►4Ir.wpd
Infrastructure Engineers Planners
EQUAL OPPORTUNITY EMPLOYER
BID TABULATION
Bloomfield 2nd Addition Street & Utilities and Appurtenant Work
Rosemount, Minnesota
City Project No. 299
WSB Project No. 2012.20
Bids Opened: 10:00 A.M., July 30, 1999
Contractor
Ryan Contracting Co
Richard Knutson Inc
Northdale Construction Co
Barbarossa & Sons Inc
Engineer's Estimate
Bid Security Total Bid
x $1,566,414.10 **
X $1,573,008.12 "*
X $1,592,935.80
X $1,601,616.50
$1,668,406.50
I hereby certify that this is a true and correct tabulation of the bids as received on July 30, 1999.
James W. Kennedy, P.E.
** Denotes corrected figure
SUBDIVISION AGREEMENT
Bloomfield Second Addition
AGREEMENT dated this 17 day of August, 1999, by and between the CITY OF
ROSEMOUNT, a Minnesota municipal corporation, ( "City "), and CIVIC HEARTLAND
PARTNERS I, LIMITED PARTNERSHIP, a Delaware Limited Partnership, (the "Developer ").
7 . Request for Plat Approval The Developer has asked the City to approve the
subdivision of land and a plat of land to be known as Bloomfield ld Second
hereby Addition,
which land is legally described on Attachment One, attached
made a part hereof (hereinafter referred to as the "subject property ").
2. Conditions of Plat Approval The City has approved the subdivision and the plat on
the following conditions:
1) Execution of a subdivision development agreement to secure public
infrastructure;
2) Installation of sidewalks along one end Path and local west side of Auburn d
Auburn Avenue.
sacs and the south side of Bloom
Installation of bike paths along the north side of Bloomfield Path and the east
side of Auburn Avenue;
3) Park dedication in the form of cash contribution;
4) Conformance with the conditions of Resolution 1998 -85.
3. Phased Development The City may refuse to approve final plats of subsequent
additions of the plat if the Developer has breached this Contract and the breach has
not been remedied. Development of subsequent nt s the City. proceed until
Subdivision Agreements for such phase approved
4. Ef fect of Subdivision Appro val. For two (2) years from the date of this Agreement,
no amendments to the City's Comprehensive a� except
sh II applyt o or affect the e
plat in the current urban service area, or office controls
use, development density, lot size, lot layout or dedications of the approved plat
unless required by state or federal law or agreed to in writing by the City and the
Developer. Thereafter, notwithstanding anything in this Agreement to the contrary,
to the full extent permitted by state law the City Plan official cont h an
dedication requirements amendments to
uiremen enac ed
Comprehensive Guide
the date of this Agreement.
5. Development Plans The subject property
shall be developed in accordance with the
following plans, original copies of which are on file with the City Public Works
Director. With the exception of Plan A, the plans may be prepared, subject to City
approval, after entering this Agreement, but before commencement of any work on
the subject property. If the plans vary from the written terms of this Agreement, the
written terms shall control. The plans are:
Plan A -- Plat
Plan B -- Soil Erosion Control Plan and Schedule
Plan C -- Drainage and Storm Water Runoff Plan
Plan D -- Plans and Specifications for Public Improvements
Plan E -- Grading Plan and House Pad Elevations
Plan F -- Street Lights
6. Installation by Developer The Developer shall install or cause to. be installed and pay
for the following:
A. Street Lights
B. Setting of Lot and Block Monuments
C. Surveying and Staking of work required to be performed by the Developer.
D. Gas, Electric, Telephone, and Cable Lines
E. Site Grading
F. Landscaping
7. Time of Performance. The Developer shall install all required improvements
enumerated in Paragraph 6, which will se t suject pr o p erty time from the City
bcO If
2000. The Developer may, however, req uest an ex
an extension is granted, it shall be condition u
completion date. posted by
the Developer to reflect cost increases and the extended
8. Public Improvements The following improvements, known as City Project #299,
shall be designed and installed in the subject property by the City:
A.
Sanitary Sewer
B.
Water
C.
Storm Sewer
D.
Streets
E.
Sidewalks
Developer hereby petitions the City for the construction of such public improvements
pursuant to and in accordance with the te o f Pet ition and W Agreement,
hereby attached hereto as Attachment Two, and y made a
9. Assessment of Costs. The City shall assess the cost of the public improvements
referred to in Paragraph 8 together with administrative, planning, engineering,
capitalized interest, legal and bonding costs against the t s p roperty me is aBd other
executing this Agreement, the Developer agrees to pay the
costs specified in this paragraph. The Developer shall take such action as is
necessary to remove any of the subject property from "green acres" status or any
other status which would prevent or delay
he t paioa to the ents
levied against the subject property fort public
construction of public improvements.
�
10.
Securit To guarantee compliance with the terms of this Agreement, payment of
the costs of all public improvements and constr
pub
letter c �di , t
Developer shall furnish the City with a cash esc row or
from a bank ( "security ") for $183,000, which is 110% of th esti a t Of the,
t
developer installed improvements. The amount of the Y
follows:
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completion of the work in that area. Except as otherwise provided in the erosion
control plan, seed shall be rye grass or other fast - growing seed suitable to the
existing soil to provide a temporary ground cover as rapidly as possible. All seeded
areas shall be mulched and disc anchored as necessary for seed retention.
All basement and /or foundation excavation spoil piles shall be kept completely off
City right -of -way and shall be completely surrounded with an approved erosion
control silt fence. Approved erosion control fencing shall be installed around the
perimeter of each lot or at City approved locations at the time of building permit
issuance and remain in place until the lot is seeded or sodded. A 20 foot opening
will be allowed on each lot for construction deliveries.
The parties recognize that time is of the essence in controlling erosion. If
development does not comply with the erosion control plan and schedule or
supplementary instructions received from the City, the City may take such action as
it deems appropriate to control
erosion. This
foundation excavation on p spoi piles. The
erosion control for basement City will
endeavor to notify the Developer in advance of any proposed action, but failure of
the City to do so will not affect the Developer's or City's rights or obligations
hereunder. If the Developer does not reimburse the City for any cost the City
incurred for such work within thirty (30) days, the City may draw down the letter of
credit to pay any costs. No development will be allowed and no building permits will
be issued unless the subject property is in full compliance with the erosion control
requirements.
14. Planting and Seeding Prior to the City allowing occupancy,
the Developer shall plant
one (1) two -inch caliper deciduous tree on ea Ian and the Developer shall also s d et
the requirements of the approve d landscape p p
the boulevards, all at its own cost.
15. Clean up . The Developer shall clean streets of dirt and debris that has resulted from
construction work by the Developer, its agents or assigns. The City will inspect the
site on a weekly basis and determine whether it is necessary to take additional
measures to clean dirt and debris from the streets. After 24 hours verbal notice to
the Developer, the City will complete or contract to complete the clean -up at the
Developer's expense in accordance with the procedures specified in Paragraph 13.
16. Ownership of Improvemen Upon completion and City acceptance of the work and
thin
construction required by this Agreement, the public improvements lying public
rights -of -way and easements shall become City property without further notice or
action.
17. Warranty The Developer warrants all wok required ed to be performed
years rned by its against
poor material and faulty workmanship for a p rass and sod shall be warranted
completion and acceptance by the City. All trees, g
to be alive, of good quality and disease free for twelve (12) months after planting.
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� unal aannaS wojS Ile jo juawAedaad a se sa6ae14:D eaay >lunal aannaS WlOIS '0
23. Miscellaneous
A. The Developer represents to the City that the development of the subject
property, the subdivision and the plat comply with all city, county,
metropolitan, state and federal laws and regulations including, but not limited
to: subdivision ordinances, zoning ordinances and environmental regulations. If
the City determines that the subdivision or the plat or the development of the
subject property do not comply, the City may, at its option, refuse to allow
construction or development work on the subject property until the Developer
does comply. Upon the City's demand, the Developer shall cease work until
there is compliance.
B. Third parties shall have no recourse against the City under this Agreement.
C. Breach of the terms of this Agreement by the Developer shall be grounds for
denial of building permits, including lots sold to third parties.
D. If any portion, section, subsection, eason held invalid, s decision this Agreement is for any r shall not affect the
validity of the remaining portion of this Agreement.
E. If building permits are issued prior to the completion and acceptance of public
improvements, the Developer assumes all liability and costs resulting in delays
in completion of public improvements and damage to public improvements
caused by the City, Developer, its contractors, subcontractors, materialmen,
employees, agents or third parties.
F. The action or inaction of the City shall not constitute a waiver or amendment to
the provisions of this Agreement. To be binding, amendments or waivers shall
be in writing, signed by the parties and approved by written resolution of the
City Council. The City's failure to promptly take legal action to enforce this
Agreement shall not be a waiver or release.
G. The Developer represents to the City to the best of its knowledge that the
subdivision, the plat and the development of the subject property are not of
"metropolitan significance" and that an environmental impact statement is not
required. If the City or another governmental agency determines that such a
review is needed, however, the Developer shall prepare it in compliance with
legal requirements so issued the
me and t reimburse y
the City for all expenses, including
incurs in assisting in the preparation of the review.
H. This Agreement shall run with the ch steps, ncluding ege ution of itle CO
the property. The Developer sh all take su
amendments to this Agreement, as are necessary to effect the recording
hereof. After the Developer has completed the work required of it under this
Contract, at the Developer's request, the City will execute and deliver to the
Developer a release.
7
I. Each right, power or remedy herein conferred upon the City is cumulative and in
addition to every other right, power or remedy, express or implied, now or
hereafter arising, available to the City, at law or in equity, or under any other
agreement, and each and every right, power and remedy herein set forth or
otherwise so existing may be exercised from time to time a.S often and in such
order as may be deemed expedient by the City and shall not be a waiver of the
right to exercise at any time thereafter any other right, power or remedy.
J. The Developer may not assign this Agreement without the written permission
of the City Council.
24. Notices Required notices to the ' DeeenoPorshall
o bagents t shall
the Developer
hand delivered to the Developer, employees
by registered mail at the following address: CIVIC Heartland Partners I, Limited
Partnership, c/o CIVIC Heartland Partners, 547 West Jackson Blvd., Suite 1510,
Chicago, Illinois 60661, with copies to: Project Manager, CIVIC Heartland Partners I,
Limited Partnership, 15120 Chippendale Avenue South, Suite 104, Rosemount, MN
55068. Notices to the City shall be in writing and shall be either hand delivered to
the City Administrator, or mailed to the City by registered mail in care of the City
Administrator at the following address: Cit5506g nistrator, Rosemount City Hall,
2875 145th Street West, Rosemount,
IN WITNESS WHEREOF, the parties have hereunto set their hands the day and
year first above written.
CITY OF ROSEMOUNT.
BY:
Cathy Busho, Mayor
BY:
Susan M. Walsh, City Clerk
CIVIC HEARTLAND PARTNERS I, LIMITED
PARTNERSHIP
By: Heartland Development Corporation,
its General Partner
BY:
Its
BY:
Its
STATE OF MINNESOTA )
SS
COUNTY OF DAKOTA )
The foregoing instrument was acknowledged before me, this day of
1999, by Cathy Busho, Mayor, and Susan M. Walsh, City Clerk, of the
CITY OF ROSEMOUNT, a Minnesota municipal corporation, on behalf of the corporation
and pursuant to the authority granted by its City Council.
Notary Public
STATE OF ILLINOIS )
SS
COUNTY OF COOK )
The foregoing instrument was acknowledged before me this and day of
(Name)
1999, by (Title)
of Heartland Development
(Name) (Title)
Corporation, General Partner of CMC Heartland Partners I, Limited Partnership, a Delaware
Limited Partnership, on behalf of the partnership.
Notary Public
Drafted By:
City of Rosemount
2875 145th Street West
Rosemount, MN 55068
9
ATTACHMENT ONE
(Legal Description)
Outlot A, Outlot B, and Outlot C; Bloomfield, City of Rosemount, County of
Dakota, State of Minnesota.
10
ATTACHMENT TWO
Petition and Waiver Agreement
This Agreement made this 17th day of August, 1999 by and between the CITY
OF ROSEMOUNT, a Minnesota municipal corporation, ( "City "), and CIVIC HEARTLAND
PARTNERS I, LIMITED PARTNERSHIP, a Delaware Limited Partnership, (the "Owner ").
WITNESSETH:
WHEREAS, the Owner is the fee owner of certain real property(the "Subject
Property ") located in the City the legal description of which is set forth on Attachment
One, attached hereto and hereby made a part hereof; and
WHEREAS, the Owner desires to have certain public improvements constructed
to serve the Subject Property as described in Exhibit A, the Feasibility Report for the
Bloomfield 2 " Street and Utility Improvements, City Project No. 299, attached hereto and
hereby made a part hereof (hereinafter referred to as the "Improvement Project "); and
WHEREAS, the Owner wishes the City to construct the Improvement Project
without notice of hearing or hearing on the Improvement Project, and without notice of
hearing or hearing on the special assessments levied to finance the Improvement Project,
and to levy 100 percent of the cost of the Improvement Project against the Subject
Property; and
WHEREAS, the City is willing to construct the Improvement Project in
accordance with the request of the Owner and with out such notices or hearings,
provided the assurances and covenants hereinafter stated are made by the Owner to
ensure that the City will have valid and collectable special assessments as they relate to
the Subject Property to finance all of the costs of the Improvement Project; and
WHEREAS, were it not for the assurances and covenants hereinafter provided,
the City would not construct the Improvement Project without such notices and hearings
and is doing so solely at the behest, and for the benefit of, the Owner.
11
NOW, THEREFORE, ON THE BASIS OF THE MUTUAL COVENANTS AND
AGREEMENT HEREINAFTER PROVIDED, IT IS HEREBY AGREED BY AND BETWEEN THE
PARTIES HERETO AS FOLLOWS:
1 . The Owner hereby petitions the City for construction'of the Improvement
Project.
2. The Owner represents and warrants that it is the owner of 100 percent of
the Subject Property, that it has full legal power and authority to encumber the Subject
Property as herein provided, and that as of the date hereof, it has fee simple absolute title
in the Subject Property, which is not subject to any liens, interests or encumbrances,
except as listed on the attached Exhibit C.
3. The Owner requests 100 percent of the cost of the Improvement Project
be assessed against the Subject Property. The Owner understands and agrees that the
current estimated cost of the Improvement Project is $2,114,700, but that the cost of the
improvement Project will be determined in accordance with Minn Stat Chapter 429 and
standard city practices and that such cost may be as much as $2,193,000. The Owner
further understands and agrees that the City does not waive any rights to levy special
assessments against the Subject Property in an amount in excess of $2,193,000 in the
event actual project costs which may lawfully be assessed pursuant to Minn Stat
Chapter 429, exceed said amount.
4. The Owner waives notice of hearing and hearing pursuant to Minn. Stat.
Section 429.031, on the Improvement Project and notice of hearing and hearing on the
special assessments levied to finance the Improvement Project Pursuant to Minn Stat
Section 429.061, and specifically requests that the Improvement Project be constructed
and special assessments levied against the Subject Property therefor without hearings.
5. The Owner waives the right to appeal the levy of the special assessments
in accordance with this Agreement pursuant to Minn. Stat. Section 429.081 or
reapportionment thereof upon land division pursuant to Minn. Stat. Section 429.071,
Subd. 3, or otherwise, and further specifically agrees with respect to such special
assessments against the Subject Property or reapportionment that:
a. Any requirements of Minn. Stat. Chapter 429 with which the City does
not comply are hereby waived by the Owner;
b. The increase in fair market value of the Subject Property resulting from
construction of the Improvement Project will be at least equal to
$2,193,000, and that such increase in fair market value is a special
benefit to the Subject Property;
C. Assessment if 100 percent of the cost of the improvement Project against
the Subject Property is reasonable, fair and equitable and there are no
other properties against which such cost should be assessed; and
12
d. The Owner further specifically waives notice and right to appeal
reapportionment of such special assessments upon land division pursuant
to Mihn. Stat. Section 429.071, Subd. 3.
6. The Owner understands and agrees that the City may-provide for the
payment of such special assessments in installments bearing such interest as may be
determined by the City Council. However, the decision regarding the period of time over
which the special assessments may be paid and the interest rate to be applied is in the
absolute and sole discretion of the City Council, subject only to limitations imposed by
law.
7. Owner represents and warrants that the Subject Property is not so
classified for tax purposes as to result in deferral of the obligation to pay special
assessments; and Owner agrees that it will take no action to secure such tax status for
the Subject Property during the term of this Agreement.
8. The covenants, waivers and agreements contained in this Agreement shall
bind the successors and assigns of the Owner and shall run with the Subject Property and
bind all successors in interest thereof. It is the intent of the parties hereto that this
Agreement be in a form which is recordable among the land records of Dakota County,
Minnesota; and they agree to make any changes in this Agreement which may be
necessary to effect the recording and filing of this Agreement against the title of Subject
Property.
9. This Agreement shall terminate upon the final payment of all special
assessments levied against the Subject Property regarding the Improvement Project, and
the City shall thereupon execute and deliver such documents, in recordable form, as are
necessary to extinguish its rights hereunder.
IN WITNESS WHEREOF, the parties have set their hands the day and year first
written above.
CITY OF ROSEMOUNT CIVIC HEARTLAND PARTNERS I, LIMITED
PARTNERSHIP
By: Heartland Development Corporation,
By its General Partner
Cathy Busho, Mayor
By
Susan M. Walsh, City Clerk
Its
Its
13
STATE OF MINNESOTA )
SS
COUNTY OF DAKOTA )
The foregoing instrument was acknowledged before me this day of
1999, by Cathy Busho, Mayor, and Susan M. Walsh, City Clerk, of the
CITY OF ROSEMOUNT, a Minnesota municipal corporation, on behalf of the corporation
and pursuant to the authority granted by its City Council.
Notary Public
STATE OF ILLINOIS )
) SS
COUNTY OF COOK )
The foregoing instrument was acknowledged before me this day of
1999, by and
(Name) (Title)
, of Heartland Development
(Name) (Title)
Corporation, General Partner of CIVIC Heartland Partners I, Limited Partnership, a Delaware
Limited Partnership, on behalf of the partnership.
Notary Public
14
Grading, Sheet & Utility Construction
and Appurtenant Work
for the City of
Rosemount
City Project Number
299
WSB Pro i- No. 2012.20
November 23
Submitted to:
City of Rosemount
2875145th Street West
Rosemount, Minnesota 55068
- 350 Westwood Lake Office
8441 Wayzata Boulevard
WSB Minneapolis, MN 55428
612$41 4WO
& Assodat=, j FAX 541 -1700
INFRASTRUCTURE - ENGINEERS - PLANNERS