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HomeMy WebLinkAboutItem 06.fMay 31, 2013 Item No. AUTUMN MEADOWS SECOND ADDITION REVISED DEVELOPMENT CONTRACT JUNE 3, 2013 CITY COUNCIL MEETING Proposed Action Staff recommends adoption of the following motion: Move to approve the revised development contract for Autumn Meadows Second Addition. Adoption of this motion will allow a change to the developer's name on the development contract and warranty deed. Overview At the May 20, 2013 meeting, the City Council approved the final plat for Autumn Meadows Second Addition. Following City Council approval of the final plat, the developer informed staff of their proposal to change the name of the development company as noted on the development contract from K. Hovnanian Homes of Minnesota, LLC to K. Hovnanian Homes of Minnesota at Autumn Meadows, LLC. The City Attorney has revised the development contract and warranty deed to reflect the amended business entity name. At the request of the developer's attorney, the development contract has also been revised to include wording in paragraph 35.N releasing the Autumn Meadows Addition development contract dated June 4, 2007. Primary Issue to Consider None Supporting Information • Signed, revised development contract • Signed, revised warranty deed conveying Outlots A and B to the City 7. Frank Dempsey, AICP, Ass late Playrher Financial Impact: $ None Budgeted: Y/N Source: Related Documents (CIP, ERR etc.): Notes: (reserved for recording information) DEVELOPMENT CONTRACT (Developer Installed Improvements) A UTUMN MEADOWS SECOND ADDITION AGREEMENT dated 2013, by and between the CITY OF LAKEVILLE, a Minnesota municipal corporation ( "City "), and K. HOVNANIAN HOMES OF MINNESOTA AT AUTUMN MEADOWS, LLC, a Minnesota limited liability company (the "Developer"). 1. REQUEST FOR PLAT APPROVAL. The Developer has asked the City to approve a plat for AUTUMN MEADOWS SECOND ADDITION (referred to in this Contract as the "plat "). The land is situated in the County of Dakota, State of Minnesota, and is legally described as: Outlot F, Autumn Meadows, according to the recorded plat thereof, Dakota County, Minnesota. (Torrens Certificate of Title No. 147784) 2. CONDITIONS OF PLAT APPROVAL. The City hereby approves the plat on condition that the Developer enter into this Contract, furnish the Security required by it, and record the plat with the County Recorder or Registrar of Titles within 100 days after the City Council approves the final plat. Doc. #170177v.5 RNK: 5/28/2013 1 LKVL: Autumn Meadows Second Addition r 3. RIGHT TO PROCEED. Within the plat or land to be platted, the Developer may not grade or otherwise disturb the earth, remove trees, construct sewer lines, water lines, streets, utilities, public or private improvements, or any buildings until all the following conditions have been satisfied: 1) this agreement has been fully executed by both parties and filed with the City Clerk, 2) the necessary Security has been received by the City, and 3) the plat has been filed with the Dakota County Recorder's Office. 4. PHASED DEVELOPMENT. If the plat is a phase of a multi - phased preliminary plat, the City may refuse to approve final plats of subsequent phases if the Developer has breached this Contract and the breach has not been remedied. Development of subsequent phases may not proceed until Development Contracts for such phases are approved by the City. Park charges, sanitary sewer charges, watermain charges, and storm sewer charges referred to in this Contract are not being imposed on outlots, if any, in the plat that are designated in an approved preliminary plat for future subdivision into lots and blocks. Such charges will be calculated and imposed when the outlots are final platted into lots and blocks. 5. PRELIMINARY PLAT STATUS. If the plat is a phase of a multi - phased preliminary plat, the preliminary plat approval for all phases not final platted shall lapse and be void unless final platted into lots and blocks, not outlots, by May 20, 2015. 6. CHANGES IN OFFICIAL CONTROLS. For two (2) years from the date of this Contract, no amendments to the City's Comprehensive Plan, except an amendment placing the plat in the current metropolitan urban service area, or official controls shall apply to or affect the use, development density, lot size, lot layout or dedications of the approved plat unless required by state or federal law or agreed to in writing by the City and the Developer. Thereafter, notwithstanding anything in this Contract to the contrary, to the full extent permitted by state law, the City may require compliance with any amendments to the City's Comprehensive Plan, official controls, platting or dedication requirements enacted after the date of this Contract. Doc. #170177v.5 2 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 7. DEVELOPMENT PLANS. The plat shall be developed in accordance with the following plans. The plans shall not be attached to this Contract. With the exception of Plans A, B, C, and F, the plans may be prepared, subject to City Engineer approval, after entering the Contract, but before commencement of any work in the plat. The City Engineer may approve minor amendments to Plan B without City Council approval. The erosion control plan may also be approved by the Dakota County Soil and Water Conservation District. If the plans vary from the written terms of this Contract, the written terms shall control. The plans are: Plan A - Plat Plan B - Final Grading, Drainage, and Erosion Control Plan Plan C - Tree Preservation Plan Plan D - Plans and Specifications for Public Improvements Plan E - Street Lighting Plan Plan F - Landscape Plan 8. IMPROVEMENTS. The Developer shall install and pay for the following (Collectively "Improvements "): A. Sanitary Sewer System B. Water System C. Storm Sewer System D. Streets E. Concrete Curb and Gutter F. Street Lights G. Site Grading, Stormwater Treatment/[nfiltration Basins, and Erosion Control H. Underground Utilities I. Setting of Iron Monuments J. Surveying and Staking Doc. #170177v.5 3 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 K. Sidewalks and Trails L. Retaining Walls The improvements shall be installed in accordance with the City subdivision ordinance; City standard specifications for utilities and street construction; and any other ordinances including Section 11 -16 -7 of the City Code concerning erosion and drainage and Section 4 -1 -4 -2 prohibiting grading, construction activity, and the use of power equipment between the hours of 10 o'clock p.m. and 7 o'clock a.m. The Developer shall submit plans and specifications which have been prepared by a competent registered professional engineer to the City for approval by the City Engineer. The Developer shall instruct its engineer to provide adequate field inspection personnel to assure an acceptable level of quality control to the extent that the Developer's engineer will be able to certify that the construction work meets the approved City standards as a condition of City acceptance. In addition, the City may, at the City's discretion and at the Developer's expense, have one or more City inspectors and a soil engineer inspect the work on a full or part-time basis. The Developer, its contractors and subcontractors, shall follow all instructions received from the City's inspectors. The Developer's engineer shall provide for on -site project management. The Developer's engineer is responsible for design changes and contract administration between the Developer and the Developer's contractor. The Developer or its engineer shall schedule a pre - construction meeting at a mutually agreeable time at the City with all parties concerned, including the City staff, to review the program for the construction work. Within thirty (30) days after the completion of the improvements and before the Security is released, the Developer shall supply the City with a complete set of reproducible "as constructed" plans and an electronic file of the "as constructed" plans in an AutoCAD.DWG file or a .DXF file, all prepared in accordance with City standards. In accordance with Minnesota Statutes 505.02, the final placement of iron monuments for all lot corners must be completed before the applicable Security is released. The Developer's Doc. #170177v.5 4 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 surveyor shall also submit a written notice to the City certifying that the monuments have been installed following site grading, utility and street construction. 9. CONTRACTORS /SUBCONTRACTORS. City Council members, City employees, and City Planning Commission members, and corporations, partnerships, and other entities in which such individuals have greater than a 25% ownership interest or in which they are an officer or director may not act as contractors or subcontractors for the public improvements identified in Paragraph 8 above. 10. PERMITS. The Developer shall obtain or require its contractors and subcontractors to obtain all necessary permits, which may include: A. Dakota County for County Road Access and Work in County Rights -of -Way B. MnDot for State Highway Access C. MnDot for Work in Right -of -Way D. Minnesota Department of Health for Watermains E. MPCA NPDES Permit for Construction Activity F. MPCA for Sanitary Sewer and Hazardous Material Removal and Disposal G. DNR for Dewatering H. City of Lakeville for Building Permits I. MCES for Sanitary Sewer Connections J. City of Lakeville for Retaining Walls 11. DEWATERING. Due to the variable nature of groundwater levels and stormwater flows, it will be the Developer's and the Developer's contractors and subcontractors responsibility to satisfy themselves with regard to the elevation of groundwater in the area and the level of effort needed to perform dewatering and storm flow routing operations. All dewatering shall be in accordance with all applicable county, state, and federal rules and regulations. DNR regulations regarding appropriations permits shall also be strictly followed. 12. TIME OF PERFORMANCE. The Developer shall install all required public improvements by November 30, 2013, with the exception of the final wear course of asphalt on streets. The final wear course on streets shall be installed between August 15th and October 15th Doc. #170177v.5 5 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 the first summer after the base layer of asphalt has been in place one freeze thaw cycle. The Developer may, however, request an extension of time from the City. If an extension is granted, it shall be conditioned upon updating the Security posted by the Developer to reflect cost increases and the extended completion date. Final wear course placement outside of this time frame must have the written approval of the City Engineer. 13. LICENSE. The Developer hereby grants the City, its agents, employees, officers and contractors a license to enter the plat to perform all work and inspections deemed appropriate by the City in conjunction with plat development. 14. EROSION CONTROL. Prior to initiating site grading, the erosion control plan, Plan B, shall be implemented by the Developer and inspected and approved by the City or Dakota County Soil and Water Conservation District. The City or Dakota County Soil and Water Conservation District may impose additional erosion control requirements if they would be beneficial. All areas disturbed by the grading operations shall be stabilized per the MPCA Stormwater Permit for Construction Activity. Seed shall be in accordance with the City's current seeding specification which may include temporary seed to provide ground cover as rapidly as possible. All seeded areas shall be fertilized, mulched, and disc anchored as necessary for seed retention. The parties recognize that time is of the essence in controlling erosion. If the Developer does not comply with the MPCA Stormwater Permit for Construction Activity or with the erosion control plan and schedule or supplementary instructions received from the City or the Dakota County Soil and Water Conservation District, the City may take such action as it deems appropriate to control erosion. The City will endeavor to notify the Developer in advance of any proposed action, but failure of the City to do so will not affect the Developer's and City's rights or obligations hereunder. If the Developer does not reimburse the City for any cost the City incurred for such work within ten (10) days, the City may draw down the Security to pay any costs. No development, utility or street construction will be allowed and no building permits will be issued unless the plat is in full compliance with the approved erosion control plan. Doc. #170177v.5 6 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 15. GRADING PLAN. The plat shall be graded in accordance with the approved grading development and erosion control plan, Plan "B ". The plan shall conform to City of Lakeville specifications. Within thirty (30) days after completion of the grading and before the City approves individual building permits (except three model home permits on lots acceptable to the Building Official), the Developer shall provide the City with an "as constructed" grading plan certified by a registered land surveyor or engineer that all storm water treatment/infiltration basins and swales, have been constructed on public easements or land owned by the City. The "as constructed" plan shall include field verified elevations of the following: a) cross sections of storm water treatment/infiltration basins; b) location and elevations along all swales, wetlands, wetland mitigation areas if any, locations and dimensions of borrow areas /stockpiles, and installed "conservation area" posts; and c) lot corner elevations and house pads, and all other items listed in City Code Section 10- 3 -5.NN. The City will withhold issuance of building permits until the approved certified grading plan is on file with the City and all erosion control measures are in place as determined by the City Engineer. The Developer certifies to the City that all lots with house footings placed on fill will be been monitored and constructed to meet or exceed FHA/HUD 79G specifications. Before a building permit is issued, a cash escrow of $1,000.00 per lot shall be furnished to the City to guarantee compliance with the erosion control and grading requirements and the submittal of an as -built certificate of survey. Prior to the release of the required individual lot grading and erosion control Security that is submitted with the building permit, an as -built certificate of survey for single family lots must be submitted to verify that the final as -built grades and elevations of the specific lot and all building setbacks are consistent with the approved grading plan for the development, and amendments thereto as approved by the City Engineer, and that all required property monuments are in place. If the final grading, erosion control and as -built survey is not timely completed, the City may enter the lot, perform the work, and apply the cash escrow toward the cost. Upon satisfactory completion of the grading, erosion control Doc. #170177v.5 7 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 and as -built survey, the escrow funds, without interest, less any draw made by the City, shall be returned to the person who deposited the funds with the City. 16. CLEAN UP. The Developer shall clean dirt and debris from streets that has resulted from construction work by the Developer, home builders, subcontractors, their agents or assigns. Prior to any construction in the plat, the Developer shall identify in writing a responsible party and schedule for erosion control, street cleaning, and street sweeping. 17. OWNERSHIP OF IMPROVEMENTS. Upon completion of the work and construction required by this Contract and final acceptance by the City, the improvements lying within public easements shall become City property without further notice or action. 18. CITY ENGINEERING ADMINISTRATION AND CONSTRUCTION OBSERVATION. The Developer shall pay a fee for in -house engineering administration. City engineering administration will include monitoring of construction observation, consultation with Developer and its engineer on status or problems regarding the project, coordination for final inspection and acceptance, project monitoring during the warranty period, and processing of requests for reduction in Security. Fees for this service shall be three percent (3 %) of construction costs identified in the Summary of Security Requirements, assuming normal construction and project scheduling. The Developer shall pay for construction observation performed by the City's in -house engineering staff or consulting engineer. Construction observation shall include part or full time inspection of proposed public utilities and street construction and will be billed on hourly rates estimated to be seven percent (7 %) of the estimated construction cost. 19. STORM SEWER AREA CHARGE. Development of Autumn Meadows Second Addition includes public storm sewer construction. Storm sewer will be installed within the subdivision to collect and - convey stormwater runoff generated from within the public right -of- way and lots to the public stormwater basins located within Outlots B and C. Doc. #170177v.5 8 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 The Trunk Storm Sewer Area Charge has not been collected on the parent parcel and shall be paid at the time of final plat approval. The Trunk Storm Sewer Area Charge is calculated as follows: Gross Area of Autumn Meadows Second Addition 2,117,452 s.f. Less Area of Outlot A (Deeded to the City) Less Area of Outlot B (Deeded to the City) Less Area of Outlot C (Future Development) Less Area of Outlot D (Future Development) Less Area of 179 Street R/W Dedication Total ( -) 2,600 s.f. ( -) 69,652 s.f. ( -) 594,338 s.f. ( -) 554,201 s.f. ( -) 163,480 s.f. = 733,181 s.f. 733,181 s.f. x $0.167/s.f. _ $122,441.23 Net Area of Autumn Meadows Area Charge Total Second Addition The Developer will receive credits to the Trunk Storm Sewer Area Charge for conveying Outlot B to the City, consistent with City policy. The $8,800.00 credit is based on the area of Outlot B (1.6 acres) and is calculated at the rate of $5,500.00 per acre, and will be applied to the Autumn Meadows Second Addition final plat cash fees. The balance due the City for Trunk Storm Sewer Area Charge is calculated as follows: Trunk Storm Sewer Area Charge $122,441.23 Less Credit for Outlots B H 8,800.00 Balance $113,641.23 Final locations and sizes of all storm sewer facilities will be reviewed by City staff with the final construction plans. 20. SANITARY SEWER AVAILABILITY CHARGE. Development of Autumn Meadows Second Addition includes the construction of public lateral sanitary sewer. Eight inch sanitary sewer will be extended within the subdivision from two separate locations in order to provide gravity sewer service to all future lots within the Autumn Meadows Second Addition development. All within Block 1, as well as Lots 1 -3 of Block 2, and Lot 1, Block 3, will be serviced by extending eight inch sanitary sewer from the existing manhole that was stubbed to Doc. #170177v.5 9 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 the northwest corner of Autumn Meadows Second Addition with the Autumn Meadows improvements. All other lots within Autumn Meadows Second Addition will be serviced by extending eight inch sanitary sewer from the existing sanitary sewer manhole located along Fieldcrest Avenue, within the Kenridge Second Addition development. The Sanitary Sewer Availability Charge has not been collected on the parent parcel and must be paid at the time of final plat approval The Sanitary Sewer Availability Charge is calculated as follows: 37 units x $307.00 /dwelling unit = $11,359.00 Single - Family Dwelling Units Sanitary Sewer Availability Charge Rate Total 21. WATERMAIN. Development of Autumn Meadows Second Addition includes the construction of public watermain. Eight inch watermain will be extended through the subdivision from the existing watermain that was stubbed to the westerly plat limits with the Autumn Meadows improvements, along 178 Street. Eight inch watermain will also be extended through Autumn Meadows Second Addition from the existing terminus along Fieldcrest Avenue, within the Kenridge Second Addition development. The proposed watermain layout is in accordance with the City's Comprehensive Water Plan. Final locations and sizes of all watermain facilities shall be reviewed by City staff with the final construction plans. In association with MnOPS requirements, utility hook -ups for buildings within Autumn Meadows Second Addition shall not be permitted until the as -built electronic files have been submitted and approved by City staff. 22. CONSTRUCTION ACCESS. Construction traffic access and egress for grading, public utility construction, and public street construction must be from the existing 179 street terminus at the westerly plat limits of Autumn Meadows Second Addition. No construction access shall be permitted through the adjacent existing subdivisions. Doc. #170177v.5 10 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 23. PARK DEDICATION, TRAILS AND SIDEWALKS. The Parks, Trails and Open Space Plan and the Autumn Meadows preliminary plat review identified the need for a future neighborhood park along the east side of Autumn Meadows and the west side of the adjacent 80 -acre parcel. Dedication of this park land shall be completed at the time Outlot C develops into lots and blocks. The Developer of Autumn Meadows Second Addition will be responsible for 100% of the costs associated with the interim grading and restoration of that portion of the future park area, as shown on the final grading plan for this phase of the development. Development of Autumn Meadows Second Addition includes the construction of public concrete sidewalks. Concrete sidewalks will be constructed along one side of 178th Street, Fielding Way, and both sides of Fieldcrest Avenue. The City's Comprehensive Trail System Plan identifies eight -foot wide bituminous trails along the north and south sides of 179 Street. The Developer will construct the 179 Street trails between Fieldfare Way and Fieldcrest Avenue with this phase of the development. The remaining segments of the 179 Street trails will be constructed with the extension of 179 Street to the east, when the adjacent 80 -acre parcel develops. Future phases of the Autumn Meadows development will be required to provide a cash escrow for the future extension of the 179 Street trails to the east development limits. Within Outlot A, the Developer will construct an eight -foot wide bituminous trail to provide a connection to the development to the north ( Kenridge). The Developer will also extend this trail within the 20 -foot wide trail easement (Easement Document No. 356776) located within the Kenridge development. The City will reimburse the Developer of Autumn Meadows Second Addition for 100% of the costs (as estimated by the Developer's engineer) associated with constructing that portion of the trail through the Kenridge development. The cost to construct the trails shall be apportioned accordingly: • The Developer will pay 100% of the costs of grading and restoration and 5 /8 the cost of Class 5 aggregate base and bituminous mix for the trail segments along 179 Street between Fieldfare Way and the intersection with Fieldcrest Avenue. Doc. #170177v.5 11 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 • The City will pay 3 /8 of the cost of Class 5 aggregate base and bituminous mix for the trail segments along 179 Street between Fieldfare Way and the intersection with Fieldcrest Avenue. • The Developer will pay 100% of the costs of grading and restoration and 5 /8 the cost of Class 5 aggregate base and bituminous mix for the trail segment within Outlot A, Autumn Meadows Second Addition. • The City will pay 3 /8 of the cost of Class 5 aggregate base and bituminous mix for the trail segments within Outlot A, Autumn Meadows Second Addition. • The City will pay 100% of the costs of restoration, Class 5 aggregate base and bituminous mix for the trail segment between Outlot A and Firebird Path, within the Kenridge development. The Developer will receive a credit to the Park Dedication Fee for the City's 3 /8 share of the trail construction costs along 179 Street, between Fieldfare Way and Fieldcrest Avenue. The $18,551.56 credit is based on an estimate provided by the Developer's engineer and will be applied to the Autumn Meadows Second Addition final plat cash fees. The Developer will receive a credit to the Park Dedication Fee for the City's 3 /8 share of the trail construction costs within Outlot A, as well as 100% of the costs associated with the trail construction north of Outlot A, within the Kenridge development. The $4,223.75 credit is based on an estimate provided by the Developer's engineer and will be applied to the Autumn Meadows Second Addition final plat cash fees. This credit will be applied using the $1,001.41 escrow collected with the Kenridge Development (Escrow #8098) for the future construction of this trail, as well as a $3,222,34 contribution from the City. The Park Dedication Fee has not been collected on the parent parcel. The Developer will ultimately satisfy the park dedication requirement for the entire Autumn Meadows development through a combination of land dedication and a cash contribution. The Developer will convey the land designated for park area (within Outlot C) to the City with future phases of the Autumn Meadows development. The Park Dedication Fee for this phase will be collected as a cash contribution at the time of final plat approval and is calculated as follows: 35 units X $3,532.00 /dwelling unit = $123,620.00 Single - Family Dwelling Units 2013 Park Dedication Fee Rate Total The balance due the City for park dedication is calculated as follows: Doc. #170177v.5 12 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 Park Dedication Fee $123,620.00 Less Credit for 179 Street Trail Extension (- )18,551.56 Less Credit for Outlot A & Kenridge Trail Extension ( -) 3,222.34 Less Credit from Escrow #8098 (Kenridge Development) ( -) 1,001.41 Balance $100,844.69 24. TRAFFIC CONTROL SIGNS AND STREET LIGHT OPERATION COSTS. A cash fee for traffic control signs in the amount of $3,400.00 must be paid at the time of final plat approval, which includes three street and stop signs, eighteen nine -button delineator signs and four "Future Street Extension" signs. If the street posts are installed in front conditions, the Developer must pay an additional $150.00 at each street post location. A cash fee for one -year of streetlight operating expenses must also be paid at the time of final plat approval, and is calculated as follows: 37 units x $7.80 /unit/qtr. x 4 qtrs. = $1,154.40 Dwelling Units Streetlight Operating Fee Total 25. SURFACE WATER MANAGEMENT UTILITY FEE. A cash fee for one -year of surface water management expenses must be paid at the time of final plat approval and is calculated as follows: 37 units x $7.00 /unit/qtr. x 4 qtrs. = $1,036.00 Dwelling Units Surface Water Management Fee Total 26. LANDSCAPING. Unless the lot already has two (2) trees on it, the Developer or lot purchaser shall plant sufficient trees so that there are at least two (2) trees on every lot in the plat, one of which must be planted in the front yard. Trees that are chosen by the Developer or property owner cannot cause a public nuisance, such as cotton producing trees, or trees that may become a public hazard due to bug infestation or weak bark. The minimum deciduous tree size shall be two and one -half (2 inches caliper, balled and burlapped. Evergreen trees must be at least eight feet (8') tall. The trees may not be planted in the right -of -way. The Developer or lot purchaser shall sod the front yard, boulevard, and side yards to the rear of the structure on every lot. Weather permitting, the trees, sod, and seed shall be planted within sixty (60) days Doc. #170177v.5 13 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 after a home has received a certificate of occupancy. Before a building permit is issued, a cash escrow of $1,000.00 per lot shall be furnished the City to guarantee compliance with the landscaping requirements. If the landscaping is not completed in a timely manner, the City may enter the lot, perform the work, and apply the cash escrow toward the cost. Upon satisfactory completion of the landscaping the escrow funds, without interest, less any draw made by the City, shall be returned to the person who deposited the funds with the City. All trees shall be warranted to be alive, of good quality, and disease free for twelve (12) months after planting. Any replacements shall be warranted for twelve (12) months from the time of planting. The Developer or property owner is responsible for contacting the City when all the landscaping has been installed to set up an inspection. Fifty percent (50 %) of the Security will be released when all the landscaping has been installed and inspected by City staff and the remaining fifty percent (50 %) will be released one year after the landscaping inspection and any warranty work has been completed. 27. BUFFER YARD BERM /LANDSCAPE SCREEN. A buffer yard berm and landscaping screen with a combined height of 10 feet must be provided on the lots adjacent to 179"' Street, as shown on the plans. A certified grading plan of the buffer yard berms must be submitted and approved by City staff prior to the installation of any buffer yard plantings. 28. TREE PRESERVATION. The Developer must post a Security for tree preservation on an individual lot basis for each lot containing a "save" significant tree. The Security is $1,500.00 for each lot with a "save" significant tree and $1,000.00 for each outlot with a "save" significant tree and is calculated as follows: Outlot C 1 @$1,000 $1,000 Tree Preservation Security = $1,000 Prior to the issuance of building permits in this plat, the Developer's forester shall certify that all trees designated to be saved on the tree preservation plan are saved or replaced in compliance with Subdivision Ordinance requirements. Prior to issuance of a building permit for homes on a lot Doc. #170177v.5 14 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 with tree preservation, the builder shall post a $1,000.00 tree protection Security and provide an individual lot tree preservation plan. The Developer shall submit an as -built tree preservation plan following site grading, street and utility construction. After City staff has reviewed and approved the as -built tree preservation plan the Security may be released. 29. SPECIAL PROVISIONS. The following special provisions shall apply to plat development: A. Implementation of the recommendations listed in the May 3, 2013, engineering report. B. Before the City signs the final plat, the Developer shall convey Outlots A and B to the City by warranty deed, free and clear of any and all encumbrances. C. The Autumn Meadows Second Addition development must comply with the following building setback requirements: Front Yard 30 feet Rear Yard 30 feet Buffer Yard 50 feet Side Yards: Interior 10 feet Corner 20 feet Buffer Yard 30 feet D. The Developer must install a "Future Street Extension" sign and barricades at the east end of 178 Street until the street is extended in the future. E. The Developer must install a "Future Street Extension" sign and barricades at each end of Fieldcrest Avenue and the east end of 179 Street until the street is extended with future phases of the development. F. The Developer is required to submit a Security of $62,591.00 as a stipulation of final plat approval to guarantee installation of the approved buffer yard landscape plan. The rear yards of Lots 9 through 16, Block 2 must be sodded to the edge of the trail to be constructed on the north side of 179 Street. A $1,500.00 cash escrow must be submitted with the building permit applications for these eight (8) lots to guarantee Doc. #170177v.5 15 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 installation of the rear yard sod. This escrow will be in addition to the landscape /sod escrow required for each of the eight (8) lots at the time of building permit. G. Driveway access onto Fieldcrest Avenue will not be permitted for Lot 16, Block 2; Lot 11, Block 3 and Lots 1 and 5, Block 4. H. Prior to City Council approval of the final plat, the Developer shall furnish a boundary survey of the proposed property to be platted with all property comer monumentation in place and marked with lath and a flag. Any encroachments on or adjacent to the property shall be noted on the survey. The Developer shall post a $4,100.00 Security for the final placement of interior subdivision iron monuments at property corners. The Security was calculated as follows: 41 lots /outlots at $100.00 per lot/outlot. The Security will be held by the City until the Developer's land surveyor certifies that all irons have been set following site grading and utility and street construction. In addition, the certificate of survey must also include a certification that all irons for a specific lot have either been found or set prior to the issuance of a building permit for that lot. I. The Developer shall pay a cash fee for the preparation of record construction drawings and City base map updating. This fee is $75.00 per lot/outlot for a total charge of $3,075.00. J. The Developer shall be responsible for the cost of street light installation consistent with a street lighting plan approved by the City. Before the City signs the final plat, the Developer shall post a Security for street light installation consistent with the approved plan. The estimated amount of this Security is $14,800.00 and consists of two mast - arm street lights at $1,400.00 and ten decorative street lights at $1,200.00 each. K. The Developer is required to submit the final plat in electronic format. The electronic format shall be either AutoCAD.DWG file or a .DXF file. All construction record drawings (e.g., grading, utilities, streets) shall be in electronic format in accordance Doc. #170177v.5 16 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 with standard City specifications. The Developer shall also submit one complete set of reproducible construction plans on Mylar. 30. SUMMARY OF SECURITY REQUIREMENTS. To guarantee compliance with the terms of this Contract, payment of real estate taxes including interest and penalties, payment of special assessments, payment of the costs of all public improvements, and construction of all public improvements, the Developer shall furnish the City with a cash escrow, letter of credit or alternate Security, in the form attached hereto, from a bank ( "Security ") for $1,778,838.76, plus a cash fee of $43,682.78 for City engineering administration. The amount of the Security was calculated as follows: CONSTRUCTION COSTS: Sanitary Sewer Watermain Storm Sewer Street Construction Erosion Control /Storm Water Basins and Infiltration Basins /Grading Certification CONSTRUCTION SUB -TOTAL OTHER COSTS: Developer's Design (6.0 %) Developer's Construction Survey (2.5 %) City Legal Expenses (0.5 %) City Construction Observation (7.0 %) Developer's Record Drawings (0.5 %) Tree Preservation Landscaping Lot Corners Street Lights OTHER COSTS SUB -TOTAL TOTAL PROJECT SECURITIES: $ 146,611.50 233, 322.50 345,661.00 384,260.00 346,237.50 $ 1,456.092.50 $ 87, 365.55 36,401.31 7,280.46 101, 926.48 7,280.46 1,000.00 62,591.00 4,100.00 14.800.00 $ 322,746.26 $ 1 X78,838.76 This breakdown is for historical reference; it is not a restriction on the use of the Security. The bank shall be subject to the approval of the City Administrator. The City may draw down the Doc. #170177v.5 17 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 Security, on five (5) business days written notice to the Developer, for any violation of the terms of this Contract or without notice if the Security is allowed to lapse prior to the end of the required term. If the required public improvements are not completed at least thirty (30) days prior to the expiration of the Security, the City may also draw it down without notice. If the Security is drawn down, the proceeds shall be used to cure the default. Upon receipt of proof satisfactory to the City that work has been completed and financial obligations to the City have been satisfied, with City approval the Security may be reduced from time to time by ninety percent (90 %) of the financial obligations that have been satisfied. Ten percent (10 %) of the amounts certified by the Developer's engineer shall be retained as Security until all improvements have been completed, all financial obligations to the City satisfied, the required "as constructed" plans have been received by the City, a warranty Security is provided, and the public improvements are accepted by the City Council. The City's standard specifications for utility and street construction outline procedures for Security reductions. 31. SUMMARY OF CASH REQUIREMENTS. The following is a summary of the cash requirements under this Contract which must be furnished to the City prior to the City Council signing the final plat: CASH REQUIREMENTS Park Dedication Fee Sanitary Sewer Availability Charge Trunk Storm Sewer Area Charge Street Signs Streetlight Operating Fee Surface Water Management Fee City Base Map Updating Fee City Engineering Administration (3.00 %) SUBTOTAL — CASH REQUIREMENTS $123,620.00 11,359.00 122,441.23 3,400.00 1,154.40 1,036.00 3,075.00 43,682.78 $ 309,768.41 Doc. #170177v.5 RNK: 5/28/2013 18 LKVL: Autumn Meadows Second Addition CREDITS TO THE CASH REQUIREMENTS 179 Street Trail Extension Outlot A and Kenridge Trail Improvements Escrow #8098 Collected with the Kenridge Development Trunk Storm Sewer Credit for Outlot B SUBTOTAL - CREDITS TO THE CASH REQUIREMENTS TOTAL CASH REQUIREMENT $ 278,193.10 32. WARRANTY. The Developer warrants all improvements required to be constructed by it pursuant to this Contract against poor material and faulty workmanship. The warranty period for streets is one year. The warranty period for underground utilities is two years and shall commence following completion and acceptance by City Council. The one year warranty period on streets shall commence after the final wear course has been installed and accepted by the City Council. The Developer shall post maintenance bonds in the amount of twenty -five percent (25 %) of final certified construction costs to secure the warranties. The City shall retain ten percent (10 %) of the Security posted by the Developer until the maintenance bonds are furnished to the City or until the warranty period expires, whichever first occurs. The retainage may be used to pay for warranty work. The City's standard specifications for utility and street construction identify the procedures for final acceptance of streets and utilities. 33. RESPONSIBILITY FOR COSTS. A. Except as otherwise specified herein, the Developer shall pay all costs incurred by it or the City in conjunction with the development of the plat, including but not limited to Soil and Water Conservation District charges, legal, planning, engineering and construction observation inspection expenses incurred in connection with approval and acceptance of the plat, the preparation of this Contract, review of construction plans and documents, and all costs and expenses incurred by the City in monitoring and inspecting development of the plat. $18,551.56 3,222.34 1,001.41 8,800.00 $ 31,575.31 Doc. #170177v.5 19 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 B. The Developer shall hold the City and its officers, employees, and agents harmless from claims made by itself and third parties for damages sustained or costs incurred resulting from plat approval and development. The Developer shall indemnify the City and its officers, employees, and agents for all costs, damages, or expenses which the City may pay or incur in consequence of such claims, including attorneys' fees. C. The Developer shall reimburse the City for costs incurred in the enforcement of this Contract, including engineering and attorneys' fees. D. The Developer shall pay, or cause to be paid when due, and in any event before any penalty is attached, all special assessments referred to in this Contract. This is a personal obligation of the Developer and shall continue in full force and effect even if the Developer sells one or more lots, the entire plat, or any part of it. E. The Developer shall pay in full all bills submitted to it by the City for obligations incurred under this Contract within thirty (30) days after receipt. If the bills are not paid on time, the City may halt plat development and construction until the bills are paid in full. Bills not paid within thirty (30) days shall accrue interest at the rate of eighteen percent (18 %) per year. F. In addition to the charges and special assessments referred to herein, other charges and special assessments may be imposed such as but not limited to sewer availability charges ( "SAC "), City water connection charges, City sewer connection charges, and building permit fees. 34. DEVELOPER'S DEFAULT. In the event of default by the Developer as to any of the work to be performed by it hereunder, the City may, at its option, perform the work and the Developer shall promptly reimburse the City for any expense incurred by the City, provided the Developer, except in an emergency as determined by the City, is first given notice of the work in default, not less than five (5) calendar days in advance. This Contract is a license for the City to act, and it shall not be necessary for the City to seek a Court order for permission to enter the Doc. #170177v.5 20 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 land. When the City does any such work, the City may, in addition to its other remedies, assess the cost in whole or in part. 35. MISCELLANEOUS. A. The Developer represents to the City that the plat complies with all city, county, metropolitan, state, and federal laws and regulations, including but not limited to: subdivision ordinances, zoning ordinances, and environmental regulations. If the City determines that the plat does not comply, the City may, at its option, refuse to allow construction or development work in the plat until the Developer does comply. Upon the City's demand, the Developer shall cease work until there is compliance. B. Third parties shall have no recourse against the City under this Contract. C. Breach of the terms of this Contract by the Developer shall be grounds for denial of building permits, including lots sold to third parties. D. If any portion, section, subsection, sentence, clause, paragraph, or phrase of this Contract is for any reason held invalid, such decision shall not affect the validity of the remaining portion of this Contract. E. Grading, curbing, and one lift of asphalt shall be installed on all public and private streets prior to issuance of any building permits, except three model homes on lots acceptable to the Building Official. Approval of an administrative permit in compliance with Chapter 27 of the City's zoning ordinance is required prior to the construction of any model homes. F. If building permits are issued prior to the acceptance of public improvements, the Developer assumes all liability and costs resulting in delays in completion of public improvements and damage to public improvements caused by the City, Developer, its contractors, subcontractors, material men, employees, agents, or third parties. No sewer and water connections or inspections may be conducted and no one may occupy a building for which a building permit is issued on either a temporary or Doc. #170177v.5 21 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 permanent basis until the streets needed for access have been paved with a bituminous surface and the utilities are accepted by the City Engineer. G. The action or inaction of the City shall not constitute a waiver or amendment to the provisions of this Contract. To be binding, amendments or waivers shall be in writing, signed by the parties and approved by written resolution of the City Council. The City's failure to promptly take legal action to enforce this Contract shall not be a waiver or release. H. This Contract shall run with the land and may be recorded against the title to the property. The Developer covenants with the City, its successors and assigns, that the Developer is well seized in fee title of the property being final platted and /or has obtained consents to this Contract, in the form attached hereto, from all parties who have an interest in the property; that there are no unrecorded interests in the property being final platted; and that the Developer will indemnify and hold the City harmless for any breach of the foregoing covenants. I. The Developer and contractor shall acquire public liability and property damage insurance covering personal injury, including death, and claims for property damage which may arise out of the Developer's work or the work of their subcontractors or by one directly or indirectly employed by any of them. The insurance must be maintained until six (6) months after the City has accepted the public improvements. Limits for bodily injury and death shall be not less than $500,000 for one person and $1,000,000 for each occurrence; limits for property damage shall be not less than $200,000 for each occurrence; or a combination single limit policy of $1,000,000 or more. The City shall be named as an additional insured on the policy on a primary and noncontributory basis, and the Developer and contractor shall file with the City a certificate evidencing coverage prior to the City signing the plat. The certificate shall Doc. #170177v.5 22 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 provide that the City must be given ten (10) days advance written notice of the cancellation of the insurance. J. Each right, power or remedy herein conferred upon the City is cumulative and in addition to every other right, power or remedy, express or implied, now or hereafter arising, available to City, at law or in equity, or under any other agreement, and each and every right, power and remedy herein set forth or otherwise so existing may be exercised from time to time as often and in such order as may be deemed expedient by the City and shall not be a waiver of the right to exercise at any time thereafter any other right, power or remedy. K. The Developer may not assign this Contract without the written permission of the City Council. The Developer's obligation hereunder shall continue in full force and effect even if the Developer sells one or more lots, the entire plat, or any part of it. L. Retaining walls that require a building permit shall be constructed in accordance with plans and specifications prepared by a structural or geotechnical engineer licensed by the State of Minnesota. Following construction, a certification signed by the design engineer shall be filed with the Building Official evidencing that the retaining wall was constructed in accordance with the approved plans and specifications. All retaining walls identified on the development plans and by special conditions referred to in this Contract shall be constructed before any other building permit is issued for a lot on which a retaining wall is required to be built. M. This Development Contract supersedes and replaces the Development Contract with K. HOVNANIAN HOMES OF MINNESOTA, L.L.C. N. The Autumn Meadows Second Addition is released from the Development Contract for the Autumn Meadows Addition dated June 4, 2007, recorded in the office of the Dakota County Registrar of Titles as document number 620023 on November 9, 2007. Doc. #170177v.5 23 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 36. NOTICES. Required notices to the Developer shall be in writing, and shall be either hand delivered to the Developer, its employees or agents, or mailed to the Developer by certified mail at the following address: 12701 Whitewater Drive, Suite 120, Minnetonka, Minnesota 55343. Notices to the City shall be in writing and shall be either hand delivered to the City Administrator, or mailed to the City by certified mail in care of the City Administrator at the following address: Lakeville City Hall, 20195 Holyoke Avenue, Lakeville, Minnesota 55044. [The remainder of this page has been intentionally left blank. Signature pages follow.] Doc. #170177v.5 24 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 CITY OF LAKEVILLE BY: Matt Little, Mayor (SEAL) AND: Charlene Friedges, City Clerk STATE OF MINNESOTA ) )ss. COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this day of , 2013, by Matt Little and by Charlene Friedges, the Mayor and City Clerk of the City of Lakeville, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. NOTARY PUBLIC Doc. #170177v.5 25 LKVL: Autumn Meadows Second Addition RNK: 5/28/2013 DEVELOPER: K. HOVNANIAN HOMES OF MINNESOTA AT AUTUMN MEADOWS, LLC BY: Its: hrctiee�r STATE OF MINNESOTA ) )ss. COUNTY OF DAKOTA The foregoing instrument was acknowledged before me this � t day of tAay 2013, by . leVP - Parka the 7yes;i F ak-C of K. Hovnanian Homes of Minnesota at Autumn Meadows, LLC, a Minnesota limited liability company, on behalf of said company. DRAFTED BY: CAMPBELL, KNUTSON Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, MN 55121 Telephone: (651) 452 -5000 RNK:cjh Doc. #170177v.5 RNK: 5/28/2013 I DOF --', A lm - 4 0 :� ' V 1 26 LKVL: Autumn Meadows Second Addition (Reserved for Recording Data) WARRANTY DEED STATE DEED TAX DUE HEREON: $1.65 Dated: FOR VALUABLE CONSIDERATION, K. HOVNANIAN HOMES OF MINNESOTA AT AUTUMN MEADOWS, LLC, a Minnesota limited liability company, Grantor, hereby conveys and warrants to the CITY OF LAKEVILLE, a Minnesota municipal corporation, Grantee, real property in Dakota County, Minnesota, described as follows: Outlots A and B, Autumn Meadows Second Addition, according to the recorded plat thereof, together with all hereditaments and appurtenances belonging thereto, subject to the following exceptions: A. Covenants, conditions, restrictions, declarations and easements of record, if any; B. Reservations of minerals or mineral rights by the State of Minnesota, if any; C. Building and zoning laws, ordinances, state and federal regulations. THE GRANTOR CERTIFIES THAT THE GRANTOR DOES NOT KNOW OF ANY WELLS ON THE DESCRIBED REAL PROPERTY. The consideration for this transfer was less than $500.00. STATE OF MINNESOTA ) )ss. COUNTY OF OpkV 'i-A K. HOVNANIAN HOMES OF MINNESOTA AT AUTUMN MEADOWS, LLC BY: 4# Its: PrcAP-�' � The foregoing instrumerd Yvas acknowledged before me this day of 201 by the 1 of K. Hovnanian Homes of Minnesota at Autumn Meadows, LLC, a Minnesota limited liability co any, on ehalf aid company. LORI ANN ARMBORST ' Notary► PubNo Weeaft Notary Public My COnrnNrbn E�phe�,Mn 91.9015 Check here if park or all of the land is Registered (Torrens) Tax Statements for the real property described in this instrument should be sent to (Include name and address of Grantee): City of Lakeville 20195 Holyoke Avenue Lakeville, Minnesota 55044 THIS INSTRUMENT WAS DRAFTED BY: Campbell Knutson Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, Minnesota 55121 651- 452 -5000 RNK/cjh 170186v1 2