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7.5 Halla Great Plains Add.MEMORANDUM TO: FROM: DATE: SUB J: Mayor City Council Scott A. Botcher, City Manager October 19, 1999 Halla Great Plains Addition Request I have read Mr. Hempel's report to the City Engineer regarding Mr. Halla's request for an extension of time to complete his improvements. As he indicated in the memo, he is requesting an extension of five years. I am in concurrence with Mr. Hempel in that the requested extension time is simply too long. At some point, there needs to be some closure on this project. Either it needs to be finished or the-plat needs to be vacated. To that end, I directed Mr. Knutson to draft for your review a simple sidebar agreement that would memorialize our agreement and understanding in granting this final extension. This agreement would grant the two year extension recommended by Mr. Hempel, but would further grant to the City the authority to act on behalf of the developer to vacate the plat should the City so choose. Shoul~d you have any questions, please contact me directly. Thank you. g:\user~scottb~halla plat extension.doc AGREEMENT AGREEMENT made this day of by and between the CITY OF CHANHASSEN, a Minnesota corporation ("City") and DONALD E, HALLA and SANDRA. 3. HALLA, husband and wife (the "Developer"). RECITALS , 1949, municipal CWAY~A A. The City approved the plat for HALLA GREAT PLAZNS ADDTTTON. T~e - plat was filed with the Carver County Recorder on April 17, 1996 as Abstr~t Document No. 193913 (the "Plat"). ~ - B. The parties entered into a Development Contract for the dated October 23, 1995, recorded with the Carver County Recorder on A~il 17, 1996 as Abstract Document No. 193914 (the "DeveloPment Contract").~ - - C. The Development Contract provides that all requir~'7- improvements be installed by November 15, 1997. As required by Development Contract, the Developer has furnished the Citya letter of cre~t) - for $730,000.00 for guarantee compliance with the terms of t~- ~_. Development Contract. D. Pursuant to the Developer's request, the City has previou~-.':., extended the completion for the required improvements to an additional.time extension f~r i'- ' ~ 1999. I=, The Developer has requested completion of the required improvements-. COVENANTS THE PARTIES AGREE AS FOLLOWS: NOW, THEREFORE, TN CONSIDERATION OF THE MUTU~: 81917.01 l RNK: 10/21/99 1. EXTENSION, The City hereby extends the time within which the Developer must complete the required improvements to January 2, 2002. The City will not grant and the Developer will not request any additional extensions. 2. SECURITY. The security required by the Development Contract shall be amended to provide that it is for a term ending January 2, 2003. :3. PLAT VACATION. Jif the required improvements are not completed by January 2, 2002, in addition to its other remedies and the Development Contract, the City on behalf of the Developer may apply to the District Court to vacate the plat pursuant to Minn. Stat. § 505.14. The Developer agrees that the City may apply on behalf of and in the name of the Developer to vacate the plat. The Developer agrees to fully cooperate in the proceeding and join in any applications that may be necessary. The City may draw upon and use the security posted with the Development Contract to reimburse the City for all expenses the City may incur in vacating the plat, including attorney's fees. 4. RECORDING. This Agreement shall run with the land and may be recorded against all lots, blocks, and outlots within the HALLA GREAT PLATNS ADDITION plat. IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above written. (SEAL) CTTY OF CHANHASSEN Nancy~ii"Mancino, Mayor AN D Scott A. B~_Cher, City Manager DONALD E. HALLA SANDRA J. CWAYNA HALLA 81917.01 RNK:I 0/21/99 STATE OF MINNESOTA ) COUNTY OF CARVER ) The foregoing instrument was acknowledged before me this day of , 1999, by Nancy K. Mancino and by Scott A. Botcher, respectively the Mayor and City Manager of the City of Chanhassen, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. NOTARY PUBLIC DRAFTED BY: CAMPBELL KNUTSON Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, MN 55:L21 Telephone: (651) 452-5000 RNK:srn STATE OF MINNESOTA ) ( SS, COUNTY OF ) The foregoing instrument was a~owledged before me this day of , 1999, 6~,~Q:NALD E. HALLA and SANDRA CWAYNA HALLA, husband and w~fe. ' .~,,,'"'i,,ii~..i', .... .. / ,? .. /,' ,/,/' 81917.01 3 RNK: 10/21/99 MEMORANDUM CITYOF CHANHASSEN 0 Ci0' Ce,ret Drive, PO Box 147 7ha,/;asse,, Mi,,esota 55317 Pho,e 612.937.1900 Ge,em/Fax 612.937.5739 5~gi, eri,g Fax 612.937.9152 5~b/ic SagO, E~.x' 612.93(2524 TO: FROM: Anita Benson, City Engineer Dave Hempel, Assistant City Engineer DATE: October 19, 1999 SUB J: Consider Request for Extension of Time to Complete Improvements - Halla Great Plains Addition - Project No. 95-13 Back in October 1997 the City granted the developer, Mr. Don Halla, a two-year extension to complete the remaining public improvements in Phases II and III of Halla Great Plains Addition. The street and drainage improvements in Phase I were completed and accepted by the city in November 1997. The two-year extension previously granted by the City Council is scheduled to expire on November 17, 1999 as well as the letter of credit. The street and storm drainage improvements still need to be completed in the remaining phases (II and III). Mr. Halla has submitted a letter to the City requesting a five-year extension of time to complete the required public improvements and development requirements in Phases II & III of the plat. According to Mr. Halla poor sales in Phase I has deterred him from proceeding with the remaining phases.. The development contract has a provision where the developer may request the City for an extension of time to complete the improvements. If extensions are granted it shall be conditioned upon updating the security posted by the developer to reflect cost increases and the extended completion date. Currently the City holds a letter of credit in the amount of $603,000 to guarantee completion of the remaining improvements in Phases II & III. The letter of credit is scheduled to expire on November 17, 1999. Should the City Council grant an extension of time, the letter of credit shall be extended along with a cost increase of 4.2 percent to cover inflationary construction costs. ............................. O,ccording to the City's Comprehensive Plan municipal utility service is not proposed to be extended into the area until the year 2020. At this time the City "h-~s the option of granting an extension of time, use the letter of credit to complete the necessary street and drainage improvements in the remaining phases or rescind ......... the final plat and revert the land use back to 1 unit per 10 acres in Phases II & III. The demand for a rural lot subdivision may be less desirable and/or affordable than a single-family lot with urban services. Although, staff also believes.that if ............................ t~e roadway improvements were constructed in Phases II and III, the lots may be more marketable. Phases I and III of the development are adjacent to the existing nursery and golf course, which may be adversely impacting sales of the lots. 7.5 r, Se CiO, of Chanhassen. A ,q.v~t,~)~g co,mttm/ty wt'~h cba, lakes, q~Mio' schooh, a cham~i.~ dow. town, thrivi,~ busi~zesses, a~d beazttiflul parks, A ~reat place to/it,e, work, a,d pla3,. Anita Benson October 19, 1999 Page 2 It is therefore recommended that the City Council grant the developer a two-year extension of time (until November 17, 2001) to complete the street and storm drainage improvements required in Halla Great Plains Addition Phases II & III contingent upon the developer extending the letter of credit until November 17, 2001 and increasing the amount to $627,500. Attachment: 1. Letter dated October 4, 1999 from Don Halla. 2. Phasing Plan 3. Location Map. c: Don and Sandy Halla g:\eng\projects\halla\extension memo.doc Since 1942 10,000 Great Plains Blvd., Chaska, Minnesota 55318 3 Miles South of Chanhassen on Hwy. 101 Phone 612-445-6555 October 4, 1999 David C Hemple 690 City Center Drive, Po Box 147 Chanhassen, MN 55317 Dear Dave, With refrence to your letter dated Oct 1~. I had requested back in July that we would need a five-year minium extension on the public improvements & development. To date we have only sold four of the lots in the first phase, gifted one and have four more to be sold. The sales have been slow to say the least. They are and have been listed with Edina Realky for over a year now. Thank You for Your attention and Courtesies, Don Halla 10,000 Great Plains Blvd Chaska, MN 55318 CiTY OF t' OCT 0 ENGINEE~g~ DEPT. 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