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HomeMy WebLinkAboutCasey's Meadow South Lots 21-32 DEVELOPER'S AGREEMENT FOR FINANCING IMPROVEMENTS 1 —4 5 + s REGISTER OFFICE Document Number DocumentTtle KINNEBAGG CGUBTY, Wi RECORDED ON 108/17/2010 09 :24AH JULIE PAGEL First Addition to Casey's Meadow South REGISTER OF DEEDS Lots 21 - RECORRDINGFFEE 30.00 FER City of Oshkosh, Winnebago County, WI I OF PAGES 8 Recording Area • Name and Return Address �' 1 City Attorney City of Oshkosh PO Box 1130 • Oshkosh, WI 54903 -1130 Parcel Identification Number (PIN) • • • • • This instrument was drafted by: Attorney Lynn A. Lorenson City Attorney Oshkosh, WI 54903 -1130 This information must be completed by submitter: document title, name & return address, and PIN (f required), information such as the granting clauses, legal description, etc. may be placed on :hit first page of the document or may be placed on additional pages of the document. Note: Use of this cover page adds one page to your document and $2.00 to the recording` fee. Wisconsin Stances, 59.517. WRDA 2/96 SY4 DEVELOPER'S AGREEMENT FOR FINANCING IMPROVEMENTS THIS AGREEMENT is made pursuant to Section 66.0703 of the Wisconsin Statutes providing for levying and assessing the cost of various improvements to the property herein 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 certification 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 April 13, 2010, 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 located in Winnebago County, Wisconsin ( "CITY ") and Casey's Meadow, 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 property described as follows: First Addition to Casey's Meadow South Lots 21 - 32 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 Laterals, Water Main and Laterals, Storm Sewer and Laterals, Sidewalk, Grading and Graveling, and Concrete Paving 3. The Developer shall install, and the City expressly consents to Developer installation of the following improvements: Sanitary Sewer and Laterals, Water Main and Laterals, Storm Sewer and Laterals, Sidewalk, Grading and Graveling, Concrete Paving and Street Lighting. All services and installations shall be according to plans and specifications, and subject to the approval and acceptance, of the City Engineer. 4. No building permits will be issued for any lot to which utilities have not been extended to and /or for any lot to which access has not been provided by graded, graveled and properly maintained temporary roads. No building permits will be issued for any lots until an "as- built" grading and drainage plan has been approved by the Department of Public Works. At a minimum, the as -built plan shall show all drainage features, and lot line grades. The as -built plan shall be certified by a Professional Engineer (PE) or a Registered Land Surveyor (RLS) licensed in the State of Wisconsin to be in compliance with the grading and drainage plan approved by the Department of Public Works. All storm water management facilities shall be compared to the original design. Any deviation from the design shall be noted, and the Department of Public Works may require the Developer to confirm that the as- built facilities comply with the storm water management ordinance. 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 lot owners in a manner which is consistent with the original design, function and capacity of the plan. If the respective lot 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 not 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. 5. 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 • services 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. PAYMENTS UPON INVOICE The following shall be paid to the City by Developer in cash within 30 days upon invoice from the City: Survey and Inspection Fees for: Sanitary Sewer and Laterals, Water Main and Laterals, Storm Sewer and Laterals, Sidewalk, Grading and Graveling, and Concrete Paving 6. The attached exhibit, acknowledged by City and Developer as being true and correct, is incorporated by reference as if fully stated herein. EXHIBIT "A" - Waiver of Special Assessment Notices and Hearing under Section 66.0703, Wisconsin Statutes 7. 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 performance 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. 8. 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. 9. 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. 10. 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 by the Common Council, the Developer shall file a four 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 all 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 individual 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. 11. 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 assessments 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. 12. Developer agrees to pay any costs associated with the maintenance or replacement of water stop boxes damaged during the development of this subdivision. It 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. 13. 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. 14. Developer shall comply with Wisconsin's Act 28. This requires developer to pay prevailing wage rate for all work to be dedicated to the City of Oshkosh. Developer shall provide certification upon completion of the work that prevailing wage rates were paid. 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. Dated: April 1 , 2010. In the Presence of: Casey's Meadow, LLC (2/ ' I • II ' e - f i ' B : Ti mot Rusch By: Chet ese er g y Owner /member Owner /member Casey's Meadow LLC Casey's Meadow LLC Developer's Address: 3265 Casey Trail Oshkosh, WI 54904 CITY OF OSHKOSH , By: --- - A nd: MI ■ / 0 i M A. Rohloff, City Manager Pamela R. Ubrig, City Clerk 4 Approved as to Form and Execution: Lynn'A. Lorens'an, y Attorney STATE OF WISCONSIN ) STATE OF WISCONSIN ) SS. WINNEBAGO COUNTY ) SS WINNEBAGO COUNTY ) Personally came before me this 1 day of April Personally came before me this day of 2010, the above -named Mark A. Rohloff, City Manager, April, 2010, the above -named Chet and Pamela R. Ubrig, City Clerk, of the City of Oshkosh, Wesenberg and Timothy Rusch, to me known a municipal corporation, to me known to be the persons to be the person(s) who executed the who executed the foregoing instrument, and to me known foregoing instrument and to me known to be to be such officers of said corporation, and such officer of said corporation, and acknowledged that they executed the foregoing acknowledged that he executed the foregoing instrument as such officers as the deed of said instrument as such officer as the deed of said corporation, by its authority. c poration, by its uthority. J Notary Public, Winnebago County, WI Notary Public, Winnebago Co., WI My Commission expires /is:1 - I 2- My Commission expires/is 11 -17 -ao/3 WAIVER OF SPECIAL ASSESSMENT NOTICES AND HEARING UNDER SECTION 66.0703, WISCONSIN STATUTES 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, surveying and inspection of concrete sidewalk. For private construction and public inspection and survey for sanitary sewer, storm sewer, water main, laterals, grading & graveling, and concrete street pavement. In consideration of the construction of said improvements by the City of Oshkosh, Wisconsin, I hereby admit that such public improvement will 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, I 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 First Addition to Casey's Meadow South Lots 21 - 32 Construction of Mockingbird Way 1. Sanitary Sewer & Laterals (Private Construction) Estimated Construction Cost $23,941.00 Private 6% Survey and Inspection $1,436.46 Invoice 2. Water Main with Laterals (Private Construction) Estimated Construction Cost $43,589.00 Private 6% Survey and Inspection $2,615.34 Invoice 3. Storm Sewer w /Laterals (Private Construction) Estimated Construction Cost $54,907.00 Private 6% Survey and Inspection $3,294.42 Invoice 4. Grading and Graveling (Private Construction) Center Line Feet of Roadway = 4301f Cost per Center Line Foot = $69.93/lf Estimated Construction Cost $30,070.00 Private 6% Survey and Inspection $1,804.20 Invoice - Casey's Meadow — Phase 1B Page 2 of 2 5. Sidewalk (Public Construction) Assess Assessment Rate = $23.00 per front foot of each lot Includes 6% for Inspection and Surveying First Addition to Casey's Meadow South Sidewalk Cost Lot # Sidewalk Frontage Estimate 21 61.00 $1,403.00 22 61.00 $1,403.00 23 61.90 $1,423.70 24 61.00 $1,403.00 25 61.00 $1,403.00 26 61.00 $1,403.00 27 61.00 $1,403.00 28 90.00 $2,070.00 29 75.00 $1,725.00 30 75.00 $1,725.00 31 75.00 $1,725.00 32 75.00 $1,725.00 6. Concrete Street Paving (Private) — Paving in 2013 Center Line Feet of Roadway = 4301f Cost per Center Line Foot = $200 /lf Include zero (0) Handicapped Ramps x $600.00 each = $0.00 Estimated Construction Cost $86,000.00 Private 6% Survey and Inspection $5,160.00 Invoice 7. Street Lighting (Private) $7,000.00 Private 4 — Year Irrevocable Letter of Credit for Private Construction = $245,507.00 4 — Year Irrevocable Letter of Credit for Public Services = $14,310.42 2 — Year Irrevocable Letter of Credit after Acceptance of Private Construction = $12,275.35 Signatu - of 0 er: Signature o • uthorized Reim sentative Date e Signature f Authorized Representative Date