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92-57 City of Chanhassen Carver and Hennepin Counties, Minnesota DATE: April 27. 1992 RESOLUTION NO: 92-57 MOTION BY: Workman SECONDED BY: Mason A RESOLUTION AUTHORIZING PREPARATION OF A FEASIBILITY STUDY FOR STREET AND UTILITY IMPROVEMENTS TO THE NWl/4 OF SECTION 10 AND THE NE1/4 OF SECTION 9, LUNDGREN BROTHERS, PROJECT 92-5 WHEREAS, the City received a petition from Lundgren Brothers to develop property located in the northern portions of Sections 9 and 10; and WHEREAS, the City Council tabled this item at the April 13, 1992 meeting to allow staff the opportunity to review the list of capital improvement projects scheduled for 1992 and 1993 as it relates to the City's overall bonding capacity to accomplish the work; and WHEREAS, it has been determined that it is unlikely any of the infrastructure improvements associated with the Lundgren petition would start this year given the approval process required; and WHEREAS, this project would schedule satisfactorily with the anticipated bonding and financial position for 1993. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chanhassen authorizes preparation of a feasibility study for street and utility improvements to the NWl/4 of Section 10 and the NE1/4 of Section 9, Project 92-5 contingent upon the following: i · Receiving a cash escrow or letter of credit from Lundgren Brothers to guarantee payment of this feasibility study; · The consulting engineering firm of Bonestroo, Rosene, Anderlik & Associates is assigned as the project engineer. Passed and adopted by the Chanhassen City Council this 27th day of April, 1992. ATTEST: Don Ashworth, ~i~y Clerk/Manager YES NO ABSENT Chmiel Dimler Wing Workman Mason None None