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15-090RESOLUTION NO. 15 - 090 A RESOLUTION ACCEPTING IMPROVEMENTS AND AUTHORIZING FINAL PAYMENT FOR MINNETONKA BOULEVARD IMPROVEMENTS CITY PROJECT 15 -05 WHEREAS, on June 22, 2015, the City Council authorized the expenditure of funds up to the amount of $45,000, for the Minnetonka Boulevard Improvements, City Project 15 -05; and, WHEREAS, the improvements are a cooperative effort between the Cities of Shorewood and Greenwood for frost damage repairs to an approximate 700 foot segment of Minnetonka Boulevard between Forest Drive and Ferncroft Drive; and WHEREAS, the City of Greenwood has completed the project work and has requested reimbursement for 50% of the construction cost and related indirect costs for the improvement; and WHEREAS, the City Engineer has made final inspection of the project and recommends acceptance and final payment be made. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Shorewood as follows: The City hereby accepts the work completed pursuant to said agreement and authorizes final payment to the City of Greenwood for 50% of the construction costs and related indirect costs, and all warranties shall commence as of the date of substantial completion. ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 14th day of December, 2015. )at4t-P&Kth7dA2�� Jean Panchyshyn, City Clerk S "Z r ayor