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88-121 . . . RESOLUfIOO 00. 107/- ,Pf A RESOLUfIOO AOCEPI'ING S'l'REEI.'S IN '!HE PIAT OF WATERR)RJ) 2ND AIDITIOO WHEREAS, on , 1987, the City entered into an Agreement with Trivesco for the development of the plat known as Waterford 2nd Addit ion; and WHEREAS, Paragraph 2 of said Agreement provided for the Developer to construct and install certain enumerated improvements, which improvements included street grading, stabilizing and bituminous surfacing; and WHEREAS, Paragraph 10 of said Agreement provided for such improvements to be subject to a final inspection by the City Engineer; and WHEREAS, the Developer has completed the street grading, stabi lizing, and bituminous surfacing in the plat, and such improvement has been inspected by the City Engineer and found to be in compl iance wi th the applicable plans and specifications; and WHEREAS, the Developer is desirous of conveying said improvement to the City and the City is desirous of accepting said improvement from the Developer. N:lV, 1HEREFam, BE IT RESOLVED by the City Council of the Ci ty of Shorewood as follows: 1. That the City hereby accepts from the Developer the streets in the plat of Water ford 2nd Addition. 2. That the Developer shall arrange for a maintenance bond to be furnished nmning the City as obligee for the full cost of the improvement, to be in effect for a period of one year from the date of acceptance hereo f . AOOPI'ED BY '!HE CI1Y axJNCIL of the Ci ty of Shorewood this 11th day of October, 1988. Robert Rascop, Mayor ATrEST: Sandra L. Kennelly, Ci ty Clerk