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01-055CITY OF SHOREWOOD RESOLUTION NO.01 - 055 A RESOLUTION ACCEPTING STORM SEWER IN THE PLAT OF is SEAMAN'S ESTATES WHEREAS, on December 28, 2000, the City of Shorewood entered into an Agreement with Kim Koehnen for the development of certain property known as Seaman's Estates; and WHEREAS, Paragraph 2 of said Development Agreement provided for the Developer to construct and install certain enumerated improvements within the plat of said property, which improvements included storm sewer; and WHEREAS, Paragraph 16 of said Development Agreement provided for such improvements to be subject to a final inspection by the City Engineer; and WHEREAS, Paragraph 17 of said Development Agreement provided for the conveyance of said improvements to the City by the Developer and for the acceptance by the City of such improvements; and WHEREAS, the developer has completed construction and installation of the storm sewer, and such improvements have been inspected by the City Engineer and found to be in compliance with the applicable plans and specifications, and • WHEREAS, the Developer is desirous of conveying said improvements to the City and the City is desirous of accepting said improvements from the Developer. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Shorewood as follows: 1. That the City hereby accepts from the Developer the storm sewer in the plat of Seaman's Estates. 2. That the Developer shall cause a maintenance bond to be furnished naming the City as obligee for the full cost of the storm sewer to be in effect for a period of two years from June 1, 2001. 3. That the irrevocable letter of credit shall be reduced in the amounts associated with the public utilities, excepting landscaping.. ADOPTED BY THE CITY COUNCIL of the City of Sho woo this 10`h day of September, 2001. oody Love, Mayor ATTE T: •&1/1 Craig N)Wiwson, City Administrator