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98-097 - J'-' . . . . .. CITY OF SHOREWOOD RESOLUTION NO. 98-097 A RESOLUTION ACCEPTING THE STREETS IN THE PLAT OF MARSH POINTE WHEREAS, on November 25, 1996, the City of Shore wood entered into an Agreement with Lundgren Bros. Construction Inc. for the development of certain property known as Marsh Pointe; 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 street grading, stabilizing, and bituminous surfacing, concrete surmountable curbs and gutters, sanitary sewer mains and laterals, storm sewer and surface water drainage facilities, watermains and service connections, street signs and traffic control signs and required landscaping; and WHEREAS, Paragraph 5, 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 sanitary sewer mains and laterals, storm sewer and surface water drainage facilities, watermains and service connections were previoulsy accepted by the City of Shorewood by Resolution 98-012 on February 9, 1998; and WHEREAS, the Developer has completed construction and installation of the street grading, stabilizing, and bituminous surfacing, concrete sUImountable curbs and gutters, street signs and traffic control signs and required landscaping, 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 streets, bituminous surfacing, concrete surmountable curbs and gutters, street signs and traffic control signs. . . . 2. That the Developer shall cause a maintenance bond to be furnished naming the City as obligee for the full cost of the final lift of bituminous asphalt, to be in effect for a period of two years from the date of acceptance hereof ADOPTED BY THE CITY COUNCIL of the City of Shore wood this 26th day of October, 1998. .../ /~'ll /a (//hvtJ~ ATTEST: