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97-25 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: April 14, 1997 RESOLUTION NO: 97-25 MOTION BY: Mason SECONDED BY: Engel A RESOLUTION AUTHORIZING FEASIBILITY STUDY FOR COULTER BOULEVARD PHASE III ROAD AND UTILITY PROJECT NO. 97-1 WHEREAS, the City received a petition from Chaska Gateway Partners requesting a public road and utility improvement project (Coulter Boulevard, phase III); and WHEREAS, the City Council and the developer are interested in obtaining more defined and detailed information on the specific elements of the proposed public improvement project, staging of the improvements, overall cost, and method of financing (i.e. special assessments and TIF). NOW, THEREFORE, BE IT RESOLVED that the Chanhassen City Council hereby authorizes Bonestroo & Associates to prepare a feasibility study for the Coulter Boulevard (Phase III) Road and Utility Improvement Project No. 97-1 contingent upon the following: Chaska Gateway Partners entering into the feasibility study agreement with the City of Chanhassen and providing a cash escrow or letter of credit in the amount of $15,000. Passed and adopted by the Chanhassen City Council this 14th day of April, 1997. ATTEST: Don Ashworth, City Clerk/Manager Nancy K. Mancino, Mayor YES Mancino Berquist Senn Engel NO ABSENT None None