HomeMy WebLinkAbout2021-162 CCRMember Elliott introduced the following resolution and moved its adoption:
RESOLUTION NO. 2021-162
RESOLUTION ACCEPTING STREET IMPROVEMENTS FOR CONTINUAL
MAINTENANCE FOR EASTBROOK ESTATES 2ND ADDITION
WHEREAS, in accordance to with the Development Agreement dated October
22, 2019, Centra Homes, LLC, developer of Eastbrook Estates 2"d Addition, has agreed to install
certain improvements for said development; and
WHEREAS, the developer has completed a portion of the street, utility and site
grading as noted below; and
WHEREAS, the developer has requested a reduction of the required financial
guarantee to reflect the completed work and reimbursement for the 68t" Avenue water main
replacement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that:
1) Finai payment shall be made on the 68t�' Avenue Water Main Replacement,
taking the developer's receipt in full. The total amount to be paid for said
improvements under said development agreement shall be $49,288.
2) The financial guarantee requirements are reduced as follows below and that
the required guarantee and Bridgewater Bank Letter of Credit No. 519 for the
items be reduced from $122,273.88 to $0.00;
Item Original Current New % of Original
AMOU11t Amount Amount Amount
Sanitary Sewer System
Watermain System in Existing
Right -of --Way
Subtotal
Development Agreement Security (1
Total
$95,923.80 $0.00 WOO 0%
$692,nil .30 $81,515.92 TA [in 0%
$346,015.65 $401757.96 $0.00
$1,038,Od6.95 $122,273.88 $0.00 0%
BE IT FURTHER RESOVLED that the street improvements are accepted for
continuous maintenance as of December 13, 2021.
RESOLUTION NO. 2021-162
December 13 2021
Date
ATTEST:
City Clerk
Mayor
The motion for the adoption of the foregoing resolution was duly seconded by member
Ryan
and upon vote being taken thereon, the following voted in favor thereof:
Butler, Elliott, Lawrence -Anderson, Ryan
and the following voted against the same: None
whereupon said resolution was declared duly passed and adopted.