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HomeMy Public PortalAbout2024-11 Reso Accepting Reserve of Medina 3rd Street ImprovementsResolution No. 2024- 11 March 19, 2024 Member Cavanaugh introduced the following resolution and moved its adoption: CITY OF MEDINA RESOLUTION 2024-11 RESOLUTION ACCEPTING PUBLIC STREET & STORM SEWER IMPROVEMENTS WITHIN THE RESERVE OF MEDINA 3RD ADDITION WHEREAS, the City of Medina (the “City”) is a municipal corporation, organized and existing under the laws of Minnesota; and WHEREAS, Pulte Homes of Minnesota, LLC (the “Developer”) is constructing improvements within the platted development known as The Reserve of Medina 3rd Addition for the purpose of developing single family lots; and WHEREAS, the Developer and the City have previously entered into an agreement dated June 21, 2021 (the “Development Agreement”) related to the development of the subdivision; and WHEREAS, pursuant to the terms of the Agreement, the Developer completed construction of public sanitary sewer and watermain infrastructure improvements in 2022 and the City subsequently accepted the sanitary sewer and water improvements as public improvements; and WHEREAS, the Developer has now completed construction of public street and storm sewer improvements within the Subdivision (the “Improvements”); and WHEREAS, the city engineer has inspected the Improvements and determined that they have been constructed in accordance with the plans incorporated in the Development Agreement; and WHEREAS, the estimated cost of construction of the Improvements was $702,734.50 for the street and $439,063.25 for the storm sewer, the total amount of the Improvements was $1,141,797.75; and WHEREAS, as required by the Development Agreement, the Developer or the Developer’s contractor will be required to submit a warranty bond regarding repair or replacement of any defects in the Improvements for two years from the date of this resolution. NOW, THEREFORE BE IT RESOLVED, that the City Council of Medina, Minnesota as follows: 1. The City hereby accepts the Improvements, as public improvements upon the date of this resolution or the date indicated on the warranty bond, whichever is later. Thereafter, the City shall maintain the Improvements as public improvements, except as provided for herein. Resolution No. 2024-11 2 March 19, 2024 2. The Developer shall remain responsible to repair or replace defective portions of the Improvements if they show signs of failure within two years of date of this resolution or the date indicated on the warranty bond, whichever is later, normal wear and tear excepted. 3. If the Developer fails to repair or replace defective portions of the Improvements as required herein and pursuant to the Development Agreement, the City may utilize the warranty bond for such purpose. 4. Upon receipt of the warranty bond and at the discretion of the city engineer, the City authorizes a reduction of the letter of credit for the Improvements as described herein. 5. Acceptance of the Improvements is subject to the terms and conditions of the letter from the city engineer dated March 13, 2024. 6. City staff and consultants are authorized and directed to take all steps necessary or convenient to carry out the intent and purpose of this resolution. Dated: March 19, 2024. By: ________________________ Kathleen Martin, Mayor Attest: By: ___________________________ Caitlyn Walker, City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Reid and upon vote being taken thereon, the following voted in favor thereof: Albers, Cavanaugh, DesLauriers, Reid, Martin And the following voted against same: None Whereupon said resolution was declared duly passed and adopted.