21-079 Accepting Improvements and Partial Release of Letter of Credit for Minnetonka Country Club 1st, 2nd, and 3rd Addtions, City Projects 14-13, 15-06, and 16-04CITY OF SHOREWOOD
RESOLUTION NO. 21 - 079
A RESOLUTION ACCEPTING IMPROVEMENTS
AND PARTIAL RELEASE OF LETTER OF CREDIT FOR
MINNETONKA COUNTRY CLUB 1ST 2ND, & 3RD ADDITIONS
CITY PROJECTS 14-13, 15-06, AND 16-04
WHEREAS, the City of Shorewood approved development agreements for
Minnetonka Country Club for 1st 2nd and 3rd Additions, City Projects 14-13,
15-06, 16-04; and,
WHEREAS, the Developer has substantially completed the project work
and has requested City acceptance of the improvements and a partial reduction
of letter of credit; and,
WHEREAS, the Public Works and Planning has made final inspection of
the project and recommends acceptance of the improvements and partial release
of the letter of credit by the City.
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
development agreements and authorizes partial release of the associated Letter
of Credit in the amount of $856,476.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD
this 26th day of July, 2021.
GYIR
Je ifer bathe, Mayor