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HomeMy WebLinkAbout17. 13-554 DECEMBER 10, 2013 13-554 RESOLUTION (CARRIED___7-0___LOST________LAID OVER________WITHDRAWN________) PURPOSE: APPROVE DEVELOPER AGREEMENT - HUNTERS RIDGE PHASE 2 INITIATED BY: DEPARTMENT OF PUBLIC WORKS BE IT RESOLVED by the Common Council of the City of Oshkosh that the proper City officials are hereby authorized and directed to enter into an appropriate Developer's Agreement for: HUNTERS RIDGE PHASE 2 (Lots 1, 2, and 3 of CSM 5774) Extension of: White Tail Lane (from south line of Lot 1, CSM 5774 to Ruffed Grouse Way), Ruffed Grouse Way (from White Tail Lane to west property line of Lot 1 CSM 5774, includes gravel cul-de-sac bulb at the west end of Ruffed Grouse Way), and Elk Ridge Drive (from Ruffed Grouse Way to approximately 660’ north) ( 0 Qf HK01H ON THE WATER MEMORANDUM TO: Honorable Mayor and Members of the Common Council FROM: Steven M. Gohde, Assistant Director of Public Workss`3' DATE: December 5, 2013 RE: Approve Developer's Agreement / Hunters Ridge Phase 2 BACKGROUND Hunters Ridge is a condominium and multi- family development located south of Waukau Avenue and west of Washburn Street. The Developer of Hunters Ridge desires to continue the development. Currently, the streets are paved with concrete through the developed area. This expansion will result in access to the new residences from the existing gravel roadway. The Developer is responsible for all costs associated with installing the public infrastructure. ANALYSIS The Developer's Agreement ensures the installation of the requited improvements by the Developer and provides financial guarantees to the City, so that the work can be completed without expense to the taxpayers. FISCAL IMPACT The Developer is responsible for all costs associated with installing the public infrastructure to serve the development. Letters of credit have been provided by the Developer to the City to ensure that funds are available. RECOMMENDATIONS I recommend approval of the Developer's Agreement and related Hunters Ridge resolutions. Approved: Mark A. Rohloff City Manager smottit r 1AEngineedng\Tracy TaylorWemos to Mayor & Common Councii520131Hunters Ridge rev Agreemnl Memo_12- 3- 13.docx