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97-50 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: July 14, 1997 MOTION BY: Mason RESOLUTION NO: 97-50 SECONDED BY: Engel A RESOLUTION APPROVING CONSTRUCTION PLANS AND SPECIFICATIONS FOR WALNUT GROVE, PROJECT NO. 97-13 WHEREAS, on May 27, 1996, the City Council approved the final plat and Development Contract/PUD Agreement for the above mentioned project. NOW, THEREFORE, BE IT RESOLVED that the Development Contract/pUD Agreement for Walnut Grove dated July 14, 1997 and construction plans and specifications dated July 10, 1997, prepared by Sathre-Berquist be approved with the following conditions: The developer enter into the Development Contract/pUD Agreement for Walnut Grove dated July 14, 1997 and supply the City with a cash escrow or letter of credit in the amount of $1,655,000 and pay the City an administration fee of $253,632.50 Passed and adopted by the Chanhassen City Council this 14th day of July, 1997. ATTEST: Don Ashworth, City Clerk/Manager Nancy K. Mancino, Mayor YES Mancino Berquist Senn Engel Mason NO ABSENT None None