HomeMy WebLinkAbout2021-026 CCRMember Butler introduced the following resolution and moved its adoption:
RESOLUTION NO. 2021-26
RESOLUTION ACCEPTING SANITARY SEWER AND WATER
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 2nd 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 681h Avenue water main
replacement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that:
1) 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 $1,038,046 to $122,273.88:
Item Original New Amount % of
Amount Original
Amount
Sanitary Sewer System
$95,923.80
$0.00
0%
Watermain System
$99,165.00
$0.00
0%
Storm Sewer System
$195,446.00
$26,165.00
13%
Street Construction
$265,961.50
$55,350.92
21%
Watermain System in Existing Right -of -Way
$35,535.00
$0.00
10%
Subtotal
$692,031.30
$81,515.92
12%
Development Agreement Security (150%) $346,015.65 $40,757.96
Total $1,038,046.95 $122,273.88 12%
BE IT FURTHER RESOVLED that the sanitary sewer and water main
improvements are accepted for continuous maintenance as of January 25, 2021.
January 25, 2021
Date Mayor
RESOLUTION NO. 2021-26
ATTEST:-ON/&AI
A&A
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Lawrence -Anderson
and upon vote being taken thereon, the following voted in favor thereof.
Butler, Elliott, Graves, Lawrence -Anderson, Ryan
and the following voted against the same: None
whereupon said resolution was declared duly passed and adopted.