HomeMy WebLinkAboutEdgewood Village 1/11/2006
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QEVELOPER1S AGREEMENT FOR
FINANCING IMPROVEMENTS
Document TItle
EDGEWOOD VILLAGE SUBDIVISION (Phase I)
Single Family Lots 1-13 and 15-21,
Lot 14, Bayhome Lots 1-20 and Outlots 1-5
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1384911
REGI STER. S OFFH:E
WINNEBAGO COUNTY I' VI
RECORUEl) ON
01 1111 ~1Ql0b 09: 5lltAM
JUl.IE PAGEl.
REGISTER OF OEE][)S
RECORDING FEE
TRANSFER FEE
i OF PAGES
33.00
12
Recording Area
Name and Return Address
-- -t:-i-t-y-A-tto r n e y
PO Box 1130
shkosh, WI 54903-1130
Parcel Identification Number (PIN)
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This infonnation must be completed by submitter: document ritle.... name & retum cuUJress, and PIN (if required). Other infomllltion such
as lhe granting clauses, legal description. elC. may be placed on this first page of the document or may be placed 011 additional pages of the
document. Note.' Use of lhis cover page adds one page to your document and ~2.00 to the recordinl!. fee. WLSconsin StalllteS, 59.517. WRDA 2/96
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DEVELOPER'S AGREEMENT
FOR FINANCING IMPROVEMENTS
THIS AGREEMENT is made pursuant to Section 66.0703 of the Wisconsin Statute.s
providing for levying and assessing the cost of various improvements to the property hereiln
described,
WHEREAS, the Common Council of the City of Oshkosh approved initial and final
resolutions pursuant to Section 66.0703 of the Wisconsin Statutes upon execution and
approval of a waiver, executed by the undersigned, developer of property herein described
of special assessment notices and hearing; and
WHEREAS, the undersigned developer has agreed, in consideration of installation
of various improvements and performance of services, to pay the full cost of such
improvements/services and related costs through invoice and/or special assessment
financing pursuant to Section 25-83 through 25-89 of the Oshkosh Municipal Code upon
certifi~tion by the City Engineer for the City of Oshkosh that said improvements have been
completed. except for certain improvements which may be installed by and/or paid for by
the undersigned developer; and
WHEREAS, the Common Council of the City of Oshkosh by resolution adopted
August 9, 2005, authorized and directed the proper City officials to enter into an
appropriate agreement to provide for full payment by the undersigned developer of said
improvements and related costs, and related matters;
NOW, THEREFORE, IT IS HEREBY AGREED to by and between the City of
Oshkosh, a municipal corporation !oqat.edin VvirmebagoCounty;Wisconsin ("CITY") and
GF Holdings, LLC ("DEVELOPER"), in reliance on the representation and covenants made
herein, as follows:
1. Developer covenants and warrants that it is the owner of all the propelity
described as follows:
Edgewood Village Subdivision (Phase I)
Single Family Lots 1-13 and 15-21, Lot 14, Bayhome Lots 1-20 and Outlots 1-5
2. Developer has requested, and consents to, services from and installation by
City of various improvements described as follows:
Survey and Inspection Services for Private Construction of : sanitary sewer
and sanitary sewer laterals, water main and water laterals, storm sewer and
stonn sewer laterals, sidewalk/trail, grading and graveling and concrete
paving .
Design, Survey and Inspection Services and Public Construction of : sanitary
sewer, water main and sidewalk
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3. City. or its designee, shall install the following improvements:
sanitary sewer, water main and sidewalk
Developer may request a permit from the Public Works Department for the
construction of sidewalk. If the Developer requests such permit and meets ail
requirements for the issuance of such permit, Developer may construct the sidewalk
privately. If Developer constructs the sidewalk privately, any funds escrowed from the sale
of lots within the subdivision shall be returned to Developer upon acceptance of the
sidewalk by the City.
4, The Developer shall install, and the City expressly consents to Developer
installation of the following improvements:
sanitary sewer and sanitary sewer laterals, water main and water laterals,
storm sewer and storm sewer laterals, sidewalk/trail, grading and graveling
and concrete paving
All services and installations shall be according to plans and specifications, and
subject to the approval and acceptance, of the City Engineer.
5. No buildings permits shall be issued for any lot to which utilities have not
been extended and/or for any/ot to which access has not been prOVided by graded,
graveled and properly maintained temporary roads. No building permits shall be
issued for any lots for which there has not been substantial completion of all major
grading and Cissociatedwo.tk required by the' gra::ling arid drainage plan and the
State of Wisconsin Department of Natural Resources Construction Site Erosion
Control Permit.
Incorporated by reference within this Agreement is the approved grading and
drainage plan as required by Chapter 30 of the Oshkosh Municipal Code. These plans
shall be adhered to and maintained by the respective Jot owners in a manner which is
consistent with the original design, function and capacity of the plan. If the respective Jot
owners fail, in the sole judgment of the City. to properly maintain the grading and drainage
plan, the City shall give notice of such fact to the respective owner{s} who shall have the
time specified in the notice to correct the deficiencies. If the owner(s) does no1t
satisfactorily complete the work within the time allotted, the City may enter the property~
using its own employees and equipment or contracting with others to complete the work,
Developer hereby grants in perpetuity to the City reasonable and appropriate access
easements over this subdivision for such purposes. Cost incurred by the City will be levied
against the respective lot(s) as a special charge pursuant to Section 66.0627 of the
Wisconsin Statutes. This provision constitutes Developer's, and any respective lot
owner's, waiver of the notice of hearing and hearing otherwise required by Section 66,0703
of the Wisconsin Statutes. This covenant is intended to run with the land and to survive:
any subsequent divestiture of title by Developer, or any respective lot owner(s) to any
successor in title but is not intended to benefit third parties who are not a party to this
agreement.
6. Developer shall pay the actual construction costs incurred by the City for
installation of the above improvements.
It is specifically understood by and between the parties that the amounts set forth
in the attached Exhibit "A" Waiver of Special Assessment Notices and Hearing under
Section 66.0703, Wisconsin Statutes are estimates only. Invoices and assessments shall
be based upon the actual costs of services and construction. In the event that the
estimated cost exceeds the actual costs of services and construction, the Developer shall
be responsible only for the actual cost of construction. In the event that the actual costs
of selVices and construction exceed the estimated costs. the City shall be entitled to
assess the property for any excess costs pursuant to statutory notice and hearing or upon
execution of an appropriate waiver.
A SPECIAL ASSESSMENTS
The Developer shall pay as special assessment cost for:
Design. survey. and inspection services and pUblic construction of sanitary sewer,
water main. and sidewalk
in installments pursuant to Sections 25-83 through 89 of the Oshkosh Municipal
Code .in which case such installment payments are to bear interest at the rate of eight
percent (8%) per annum on the unpaid balance. Notwithstanding the foregoing, Developer,
immediately upon voluntary divestiture of title to any of the property heretofore described,
shalf fUlly pay the outstanding assessments and anticipated future special assessments
against the partioular parcel or portion thereof subject to divestiture. Divestiture shall mean
the transfer of legal title providing Devefop~rdo.es tlqt r~tail1 ::Jny lien or mortgage interest
in such parcel.
In the event Developer retains a lien or mortgage interest in such parcel. the
assessments shall be paid in full within one (1) year from the date of sale. In the event
Developer sells by land contract, the assessments shall be paid in full within one (1) year
from the date of the land contract. When payment is to be made within one year from the
date of sale or contract under this paragraph, written notice must be given to the City Clerl<
informing her of the date of sale or contract.
B. PAYMENTS UPON INVOICE
The following shall be paid to the City by Developer in cash within 30 days upon
invoice from the City:
.SulVeyand Inspection Feesfor:
Privately constructed sanitary sewer and laterals, water main and water laterals,
storm sewer and storm sewer laterals, sidewalk/trail. grading and graveling. and
concrete paving
7. The attached exhibit, acknowledged by City and Developer as being true and
correct, is incorporated by reference as if fully stated herein.
EXHIBIT "AIt - Waiver of Special Assessment Notices and
Hearing under Section 66.0703, Wisconsin Statutes
8. Developer, and any successors in title, covenants and agrees to release the
City, it assigns, employees, agents and contractors from any and all claims arising from the
City's peITormance of its obligations under this agreement and shall further hold the City
harmless for any and all claims arising from Developer's performance of its obligations
under this agreement, and shall indemnify and refund to the City all sums which the City
may become obligated to pay, including attorney fees, arising from the parties'
performances of this agreement within 30 days of written demand for payment.
9. Any refund which may be due Developer as a result of any special
assessment being in excess of the actual amount paid by City for said improvements is not
assignable by Developer.
10. All privately constructed improvements shall be completed within three years
from the date of this agreement or the Developer shall be considered in default of this
agreement and subject to the provisions of paragraph 12 relating thereto.
11. The Developer shall provide a letter of credit, which meets the approval of
the City Attorney, in an amount equal to. the estimated cost of any publicly constructed
improvements or services set forth in Exhibit "A" attached hereto which may be drawn upon
by the City in payment of construction and/or related costs for the public improvements.
Such letter of credit shall be filed in the office of the City Clerk prior to approval of the Final
Plat by the Common Council.
Prior to approval of the Final Plat by the Common Council, the Developer shall file
a three year performance bond or letter of credit, which shall be renewable at the option
of the City of Oshkosh if such construction has not been completed within the three year
periOd specified above and which meets the approval of the City Attorney, which shall
guaranty Developer's performance of any privately constructed improvements as set forth
in Exhibit "A"attached hereto. After written acceptance by the City of any privately
constructed improvements, Developer may submit a letter of credit in the amount specified
in the attached Exhibit "A" as a guarantee of such improvements for a period of two years
from the date of acceptance. The Developer shall be responsible for repairs to said
privately constructed improvements during this two year guaranty period.
Failure to file an appropriate bond shall entitle the City to stop aU construction work
upon the project including construction performed by private contractors, by notice to the
Developer and any contractors. Notice may be given personally to an indMdual
representative of the contractor or Developer and/or sent by mail to the Developer or
contractor. If construction work continues without filing of an appropriate bond, the City
shall be entitled to seek an injunction to prevent further work on the project until such time
as an appropriate bond is filed and to seek such other and further relief as may be deemed
appropriate. In addition to any equitable relief, the City may seek monetary damages and
upon judgment shall be entitled to its costs and fees in pursuit of any action under the
terms of this paragraph.
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12. In addition to the remedies for default provided to the City by the financial
guarantees contained within this Agreement, the City shall have the right without notice or
hearing to Developer, or any successor in title, to impose special assessments for any
amount to which the City is entitled by virtue of this Agreement upon each and every lot
within the subdivision. Such ~ssessments shall be imposed on the individual parcels in
accordance with such parcel's share of the amount to which the City is entitled in
accordance with this Agreement and which amount has not been paid by the Developer
of such parcel or its successors or assigns. With respect to defaulting Developer, this
provision constitutes Developer's consent to the installation by the City or designee of all
public improvements and remediations required by this Agreement and constitutes
Developer's, and any successors in title, waiver and consent to all special assessment
proceedings as described in Section 66.0703, of the Wisconsin Statutes. This covenant
is intended to run with the land and to survive any subsequent divestiture of title by
Developer to, and shall be binding on, any successor in title. The remedies provided in this
Agreement are not exclusive. The City may use any other remedies available to it.
13. Developer agrees to pay any costs associated with the maintenance 01'
replacement of water stop boxes damaged during the development of this subdivision. lit
shall not be necessary for the City to determine or establish by whom the damage was
done. Developer also agrees to pay any costs associated with maintenance to the gravel
street base which may be necessary during the period prior to pavement construction.
Developer shall pay the actual costs incurred by the City within 30 days upon invoice from
the City.
14. This Agreement and its attachments. may be recorded at City's option, and
if so done, this document shall serve as Notice of Lien against such properties.
IN WITNESS WHEREOF, the parties heretofore have caused this Agreement to be
. signed by the proper persons of each party and their corporate seals. if any. to be hereunto
affixed.
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Richard A. Wollangk. Cily Manager Pamela R. Ubrig. Cily 01 ii1' G
D~d: September aJ. 2005
0' ~e Pres n f'
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STATE OF WISCONSIN
. WINNEBAGO COUNTY
~./f-IP Personally came fore me this
(/) ~'"F-> day 0 , 2005, the above-
named Richard A. Wollangk. City Manager,
and Pamela R. Ubrig, City Clerk, of the City
of Oshkosh. a municipal corporation, to me
known to be the persons who executed the
foregoing Instrument, and to me known to be
such officers of said corporation, and
acknowledged that thay executed the
foregoing instrument as such officers as the
deed f said corporation, by its authority.
,.:".;......~
otary Public, Wlnnebago Co., WI
My Cornniission expires. (- g- ~ ~OOb
ss.
This document drafted by:
Attorney Lynn A. Lorenson
Asst. City Attorney, Oshkosh. WI,
54902-1130
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WAIVER OF SPECIAL ASSESSMENT NOTICES AND .
HEARING UNDER SECTION 66,0703, WISCONSIN ST ATtJTES
The undersigned, owner of property benefited by the following improvements to be made by the,
City of Oshkosh, Winnebago County, State of Wisconsin, to wit:
For public construction, design, surveying and inspection of water main, sanitary sewer, water &
sewer laterals and sidewalk.
FOT private construction and public surveying and inspection fOT sanitary sewer, storm sewer,
water main. laterals, sidewalk, grading and graveling and concrete street paving.
In consideration of the construction of said improvements by tbe City of Oshkosh, Wisconsin, I
hereby admit that such public improvementwil1 benefit said property and consent to the levying
of special assessments against the premises under Section 66.0703 of the Wisconsin Statutes for
the cost of such improvements. In accordance with Section 66.0703 of the Wisconsin Statutes, ][
hereby waive all special assessment notices and hearings required by Section 66.0703 of the
Wisconsin Statutes; and I further agree and admit that the benefit of my property from the
construction of such improvements is in proportion to the footage thereof:
Description of Premises
Edgewood Village Subdivision
Single Family Lots 1-13 and 15-21, Lot 14, Bayhome Lots 1-20 and Outlots 1-5
Fraser Drive (from Edgewood Road to approx. 384 ft. West) and Hemlock Court
1. Sanitary Sewer & Laterals (Private Construction)
Includes internal subdivision sewer and Y2 of the estimated cost of the main extension in Edgewood Lane
from the existing manhole north to the northerly plat boundary of Blackbird Acres.
Estimated Construction Cost $138,920.00 Private
6% Survey and Inspection $ 4,405.00 Invoice *
01< A credit in the amount of $3,930.00 has been applied to the City charges. The credit is for the sanitary
sewer over sizing from lO-mch to 1S-inch, The City charge is adjusted as follows: $8,335.00 - $3,930.00
;;: $4,405.00,
Page 2 - Edgewood Village
2. Sanitary Sewer (Public Construction)
Extension of sanitary sewer main from the northerly boundary of the Blackbird Acres subdivision to Ryf
Road. Y2 of the cost of a lO-inch sanitary sewer main will be assessed to the adjacent undeveloped
property on the east and west sides ofEdgewood Lane, respectively.
~ of Estimated Construction Cost $51,300.00 Public **
6% Survey & Inspection $ 3.078.00
6% PMlDesign $ 3,078.00
Sub-Total
$ 57,456.00
** This amount does not include lateral installation as lateral1ocations have not been defined. Laterals to
be installed privately.
Assessmentpcr lot (Single Family Lots 1-13 and 15-21 & Bayhome Lots 1-20)
$57,456.00/40 Lots;;; $1,436.40/1ot
3. Water Main with Laterals (Private Constmction)
Estimated Construction Cost $87,331.00 Private
6% SUIVey and Inspection $ 2.490.00 Invoice '"
. Includes internal water main for the subdivision and water main along Edgewood Drive from Shore
Preserve Drive south to the end of the Blackbird Acres Subdivision.
* A credit in the amount of $2,250.00 has been applied to the City charges. The credit is for the
Edgewood Road water main over sizing from 8-inch to lO-mch. Tb.c City charge is adjusted as follows:
$5,240,00-$2,750.00 = $2,490.00.
4. Water Main (pUblic Construction)
E,crension of water main from Shore Preserve Drive north to RyfRoad and the extension of water main
along Ryf Road from Edgewood Lane west to plat boundary. Edgewood Village is responsible for Y2 of
the cost of an 8-inch water main at these locations. Lateral costs are not included with this estimate.
Lateral cost/installation will be the responsibility ofllie adjacent property owners.
~ of Estimated Construction Cost $33,463.00 Public
6% Survey & Inspection $ 2,007.00
6% PMIDesign $ 2,007.00
Sub1ract Credit for Over Size <$ 1,375.00> *
Sub-Total
$ 36,104.00
* A credit in the amount of $1.375.00 is applied to the City charges. The credit is for the water main over
sizing along Edgewood Lane from Shore Preserve Drive north to RyfRoad. For the calculation of the
estimated cost of the water main along RyfRoad the estimated value of and 8-inch water main was used,
thus no additional credit was applied to this section of future water main.
Assessment per lot (Single Family Lots 1-13 and 15-21 & Bayhome Lots ]-20)
$36,104.00/40 Lots = $902.60110t
5. Storm Sewer w/Laterals (Private Construction)
Estimated Construction Cost $69,568.00 Private
6% Survey and .Inspection $ 4,174.00 Invoice
Pa.ge 3 - Edgcwood Village
6. Sidewalk (public Construction)
Includes internal concrete sidewalk and concrete sidewalk along Edgewood Road, Edgewood Lane &
RyfRoad.
Internal Sidewalk Estimated Construction Cost: 3,140 If. of sidewalk x $20.00Ilf
6% Survey & Inspection
6% PMlDesign
= $62,800.00
;= $ 3,768.00
= $, 3,768.00
TOTAL $70,336.00
External Sidewalk Estimated Construction Cost: 2,138 If. of sidewalk. x. $20.00/lf = $ 42,760.00
6% Survey & Inspection ~ $ 2,566.00
6% PMlDesign = $ 2,566.00
TOTAL $ 47,892.00
Internal Sidewalk Assessmentper tot (Single Family Lots 1-13 and 15-21 & Bayhome Lots 1-20)
$70,336.00/40 Lots == $1,758.40.00/lot
External Sid~aIkAssessmentperlot (Single Family Lots 1-13 and 15-21 & Bayhome Lots 1-20)
$ 47,892.00/40 Lots = $1,197,30/10t
Tfthe sidewalk/trails are privately constructed the City staking & inspection fee is $6,878.00 (Invoice)
7. Sidewalk!rrai1 (Private Construction)
Estimate Cost at $20.00 per front foot. Includes internal stone chip walks.
Estimated Construction Cost: 1,4551f. x $20.00M= $29,100.00
6% Inspection = $ 1,746.00 (Invoice)
. 8. Grading and Graveling (Private Construction)
Center Line Feet of Roadway ;;:; 1160 Lf.
Cost per Center Lino Foot = $36/Lf.
Estimated Construction Cost
6% Survey and Inspection
9. Concrete Paving (Private Construction - Year 2008)
$41,760.00
$ 2,506.00 (Invoice)
Center Line Feet of Roadway "" 1160 Lf. (Includes Large Cul-de-sacs for)
Cost per Center Line Foot = $135.001lf
Include six (6) Handicapped Ramps 5x $600.00 = $3,000.00
Estimated Construction Cost
6% Inspection.
$159,600.00
$ 9,576.00 (Invoice)
3 - Year Irrevocable Letter of Credjt for Private Construction'" $S26,279.00
J - Year Irrevocable Letter of Credit for Public Services;;:; $31,775.00
2 - Y car Irrevocable Letter of Credit Guarantee After Acceptance of Private Construction""
$105,256.00
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Page 3 - Edgcwood Village
6. Sidewalk. (public Construction)
Inc~udes internal ooncrete sidewalk and concrete sidewalk along Edgewood Road, Edgewood Lane &
RyfRoad.
Internal Sidewalk Estimated Construction Cost: 3,140 If. of sidewalk x $20.00Ilf = $62,800.00
6% Survey & Inspection = $ 3,768.00
6%PMlDesign = $ 3,768.00
TOTAL $70,336.00
E:x:ternal Sidewalk Estimated Constmction Cost: 2,138 If, of sidewalk. x $20.00Ilf = $ 42,760.00
6% Survey & Inspection ...: $ 2,566.00
6% PMlDesign = $. 2,566.00
TOTAL $ 47,892.00
Internal SideWalk Assessment per tot (Single Family Lots 1-13 and 15-21 & Bayhome Lots 1-20)
$70.336.00/40 Lots::: $1,758.40.00/lot
External Sid~a1kAssessment per lot (Single Family Lots lr13 and 15-21 & Bayhome Lots 1-20)
$ 47,892.00/40 Lots = $1,197;30Ilot
If the sidewalk/trails are privately constructed the City staking & inspection fee is $6,878.00 (Invoice)
7. SidewalkITrail (Private Construotion)
Estimate Cost at $20.00 per front foot. Includes internal stone chip walks.
Estimated Construction Cost: 1,4551f. x $20.00/lf= $29,100.00
6% Inspection = $ 1,746.00 (Invoice)
8. Grading and Graveling (Private Construction)
Center Line Feet of Roadway ;;; 1160 Lf.
Cost per Center Lino Foot =: $36/Lf.
Estimated Construction Cost
6% Survey and Inspection
. 9. . Concrete PaVing (Private Construction - Year 2008)
Center Line Feet of Roadway "'" 1160 Lf. (Includes Large Cul-de-sacs for)
Cost per Center Line Foot = $135.00llf
Include six (6) Handicapped Ramps Sx $600.00 = $3,000.00
$41,760.00
$ 2,506.00 (Invoice)
Estimated Construction Cost
6% Inspection.
$159,600.00
$ 9,576.00 (Invoice)
3 - Year Irrevocable Letter of Credit for PriVate Construction"'" $526,279.00
3 - Year Irrevocable Letter of Credit for Public Services "" $31,775.00
2 - Year Irrevocable Letter of Credit Guarantee After Acceptance of Private Construction"'"
$105,256.00
Page 4 - Edgewood Village
OF Holdings, LLC
By: RHS Companies, Inc., its Manager
By: Michael S, Green, President