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94-69 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: July 11, 1994 RESOLUTION NO: 94-69 MOTION BY: Mason SECONDED BY: Wing A RESOLUTION AUTHORIZING PREPARATION OF A FEASIBILITY STUDY FOR THE UPGRADE OF KINGS ROAD, PROJECT NO. 94-14 WHEREAS, the City has received a request from the Harstad Companies to subdivide 35.83 acres of property into 44 lots; and WHEREAS, Harstad Companies has petitioned the City to upgrade a portion of Kings Road with public improvements. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chanhassen authorizes Engelhardt & Associates to prepare a feasibility study for the upgrade of Kings Road, Project No. 94-14 with the condition that Harstad Companies secure the cost for said feasibility study in the form of a cash escrow or letter of credit. BE IT FURTHER RESOLVED that if an improvement project is ordered, the security for feasibility shall be credited against special assessment to the property currently owned by Harstad Companies. Passed and adopted by the Chanhassen City Council this 1 l th day of July, 1994. ATTEST: Don Ashworth, City Clerk/Manager ~ ~n ,, Mayor n Donald J. YES NO ABSENT