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LC reduction documents 07-26-161.:)` t t `4 tit Wells Fargo Bank, N.A. U.S. Trade Services Standby Letters of Credit MAC A0283-023 794 Davis Street, 2nd Floor San Leandro, CA 9.1577-6922 Phone: 1(800) 798-2815 OPtion 1 E -Mail: sftrade@,Aellsfirgo.conn Irrevocable Standby Letter Of Credit BENEFICIARY CITY OF CHANHASSEN 7700 MARKET BOULEVARD CHANHASSEN, MINNESOTA 55317 Number: IS0100005U Issue Date : October 17, 2013 APPLICANT THE RYLAND GROUP, INC. 3011 TOWNSGATE ROAD SUITE 200 WESTLAKE VILLAGE, CALIFORNIA 91361 LETTER OF CREDIT ISSUE AMOUNT USD 90,208.14 EXPIRY DATE OCTOBER 16, 2014 LADIES AND GENTLEMEN: WE HEREBY ISSUE, FOR THE ACCOUNT OF THE RYLAND GROUP, INC. AND IN YOUR FAVOR, OUR IRREVOCABLE LETTER OF CREDIT IN THE AMOUNT OF $ 90,208.14, AVAILABLE TO YOU BY YOUR DRAFT DRAWN ON SIGHT ON THE UNDERSIGNED BANK THE DRAFT MUST: (A) BEAR THE CLAUSE, "DRAWN UNDER LETTER OF CREDIT NO. IS0100005U, DATED OCTOBER 17, 2013, OF WELLS FARGO BANK, N.A."; (B) BE SIGNED BY THE MAYOR OR CITY MANAGER OF THE CITY OF CHANHASSEN. (C) BE PRESENTED FOR PAYMENT AT 794 DAVIS STREET,2ND FLOOR, SAN LEANDRO, CA 94577 ON OR BEFORE 4:00 P.M. ON OCTOBER 16, 2014. THIS LETTER OF CREDIT SHALL AUTOMATICALLY EXTEND FOR SUCCESSIVE ONE-YEAR TERMS UNLESS, AT LEAST FORTY-FIVE (45) DAYS PRIOR TO THE NEXT ANNUAL EXTENSION DATE (WHICH SHALL BE OCTOBER 16TH OF EACH YEAR), THE BANK DELIVERS WRITTEN NOTICE TO THE CHANHASSEN CITY MANAGERTHAT IT ELECTS NOT TO EXTEND THIS LETTER OF CREDIT FOR AN ADDITIONAL TERM. WRITTEN NOTICE IS EFFECTIVE WHEN SENT BY CERTIFIED MAIL, POSTAGE PREPAID, AND DEPOSITED IN THE U.S. MAIL OR BY OVERNIGHT COURIER, AT LEAST FORTY-FIVE (45) DAYS PRIOR TO THE NEXT ANNUAL EXTENSION DATE ADDRESSED AS FOLLOWS: CHANHASSEN CITY MANAGER, CHANHASSEN CITY HALL, 7700 MARKET BOULEVARD, P.O. BOX 147, CHANHASSEN, MN 55317, AND IS ACTUALLY RECEIVED BY THE CITY MANAGER AT LEAST THIRTY (30) DAYS PRIOR TO THE EXTENSION DATE. THIS LETTER OF CREDIT SETS FORTH IN FULL OUR UNDERSTANDING WHICH SHALL NOT IN ANY WAY BE MODIFIED, AMENDED, AMPLIFIED, OR LIMITED BY REFERENCE TO ANY DOCUMENT, INSTRUMENT, OR AGREEMENT, WHETHER OR NOT REFERRED TO HEREIN. Together well go far Page 1 of 2 Each page of this document is an integral part of this Irrevocable Standby Letter of Credit Number IS0100005U THIS LETTER OF CREDIT IS NOT ASSIGNABLE. THIS IS NOT A NOTATION LETTER OF CREDIT. MORE THAN ONE DRAW MAY BE MADE UNDER THIS LETTER OF CREDIT. THIS LETTER OF CREDIT SHALL BE GOVERNED BY THE MOST RECENT REVISION OF THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS, INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 600. WE HEREBY AGREE THAT A DRAFT DRAWN UNDER AND IN COMPLIANCE WITH THIS LETTER OF CREDIT SHALL BE DULY HONORED UPON PRESENTATION. Very Truly Yours, WELLSFA BANK, N.A. By: _.. 0 Authorized Signature The original of the Letter of Credit contains an embossed seal over the Authorized Signature. Please direct any written correspondence or inquiries regarding this Letter of Credit, always quoting our reference number, to Wells Fargo Bank, National Association, Attn: U.S. Standby Trade Services at either 794 Davis Street or 401 Linden Street MAC A0283-023, MAC D4004-017, San Leandro, CA 94577-6922 Winston-Salem, NC 27101 Phone inquiries regarding this credit should be directed to our Standby Customer Connection Professionals 1-800-798-2815 Option 1 1-800-776-3862 Option 2 (Hours of Operation: 8:00 a.m. PT to 5:00 p.m. PT) (Hours of Operation: 8:00 a.m. EST to 5:30 p.m, EST) Together we'll go far Page 2of2 Each page of this multipage document is an integral part of this Irrevocable Standby Letter of Credit Number IS01000050 Potter, Jenny From: Sinclair, Jill Sent: Monday, July 18, 2016 11:34 AM To: Potter, Jenny Cc: AI-Jaff, Sharmeen Subject: SW village townhomes Hi Jenny, The landscaping is complete for this development. The remaining landscape security can be released. Thanks, Jill Sinclair Environmental Resources Specialist City of Chanhassen 952-227-1133 ;f tatus Report Wednesday, June 01, 2016 pian; Jul 2000 Au ust 2000 Se tember 2000 S M W T F S S M T W T F S S T W T F 1 1 2 3 4 5 1 2 2 3 4 5 6 7 8 6 7 8 9 101112 3 4 5 6 7 8 9 9 10 11 12 13 14 15 13 141516'17 1819 10 1112 1314 1516 2021 .. ....2223............... 16 17 18192021 22 24 25 2.6 17 18 19 20 21 2223 23 24 25 26 27 28 29 21 28 29'30'bf'... 2425 *26'27 28 29 30 30 31 ............. +; Securities (Start Due S P Category Description 6/1/2016 9/1/2016 ® LC #ISOI00005U expires 10/16/2014 (Automatically renews annually) Southwest Village Townhomes Site Plan Permit 2013-19 The Ryland Group, Inc. $90,208.14 Time of Performance: July 31, 2015 Notify Sharmeen Al-Jaff & Jill Sinclair 9/10/15 - Sharmeen, status? 9/16/15 - Per Jill, all landscaping has been installed. Five trees alive but questionable survivability (plan marked and placed in file). Letter of credit can be reduced to 10% ($9,021). Letter sent to bank requesting reduction. Waiting for confirmation of reduction from bank. Check status on 6/15/15. Kim 9/16/15 - Per Sharmeen, HOLD LC reduction letter noted above. Check status 10/15/15. Kim 10/15/15 - Sharmeen, status? Kim 11/20/15 - Per Sharmeen, ok to reduce letter of credit to 10% ($9,021). Letter sent to bank requesting reduction. Waiting for confirmation of reduction from bank. Check status on 6/15/15. Kim 11/30/15 - Received Amendment No. 1 to Letter of Credit reducing the amount to $9,021. Check status 6/1/16. Kim 6/9/16 - Notified Bob. Jenny 6/20/16 - Per Jill: Contacted Ryland about replacements. Security can be released oce replacements are intalled. -2015 shrub west of 8955 - Prairie dropp seed (1) -2015 shrub front of 8932 - Cranberry bush (1) - 2015 - shrub rear of 893141 jap tree lilac (1) Can be released once replacements are intstalled. Follow up 9/1/16. Jenny 7/26/16 - Per Jill: landscaping is complete. Escrow can be released. Notified Jolene in finance to release. - Jenny ............................................................................................................................................................................................................................ ............................................................................................................................................................................................................................ ............................................................................................................................................................................................................................ ............................................................................................................................................................................................................................ ........................................................................................................................................................................................................................... .... ............................................................................................................................... ................................................................... 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Attn: U.S. Standby Trade Services 794 Davis Street MAC A0283-023 San Leandro, CA 94577-6922 Re: Letter of Credit Reduction — SouthWest Village Townhomes Planning Case No. 2013-19 To Whom It May Concern: Please accept this letter as authorization to reduce Letter of Credit No. ISO 100005U by $81,187.14 to leave a remaining balance of $9,021.00. Please send written acknowledgement of this reduction to the undersigned at your earliest convenience. If you have any questions or concerns, please contact me by email at kmeuwissen(ii)ci.chanhassen mn us or at 952-227-1107. Sincerely, CITY OF CHANHASSEN 4K V Meissen Sr. Administrative Support Specialist KTM:ms Enclosure: Letter of Credit No. IS0100005U (copy) ec: Sharmeen Al-Jaff, Senior Planner Michael DeVoe, Ryland Homes Len Simich, SouthWest Transit 9:\plan\2013 planning cases\2013-19 southwest village townhomesuc reduction letter 11-20-2015.doc Chanhassen is a Community for Life - Providing forTodayand Planning for Tomorrow W elLc Fargo Bank, N..4. r U.S. 'Prude Sen aces Standby betters of Credit MAC Ao283-023 794 Davis Street, 2nd Floor San Leandro, CA 94577-6922 Phone.: 1(800) 798-2813 Option 1 E -Mail: sftrade@wel1sfargo.com Irrevocable Standby Letter Of Credit BENEFICIARY CITY OF CHANHASSEN 7700 MARKET BOULEVARD CHANHASSEN, MINNESOTA 55317 Number: IS0100005 U Issue Date: October 17, 2013 APPLICANT THE RYLAND GROUP, INC. 3011 TOWNSGATE ROAD SUITE 200 WESTLAKE VILLAGE, CALIFORNIA 91361 LETTER OF CREDIT ISSUE AMOUNT USD 90,208.14 EXPIRY DATE OCTOBER 16, 2014 LADIES AND GENTLEMEN: WE HEREBY ISSUE, FOR THE ACCOUNT OF THE RYLAND GROUP, INC. AND IN YOUR FAVOR, OUR IRREVOCABLE LETTER OF CREDIT IN THE AMOUNT OF $ 90,208.14, AVAILABLE TO YOU BY YOUR DRAFT DRAWN ON SIGHT ON THE UNDERSIGNED BANK. THE DRAFT MUST: (A) BEAR THE CLAUSE, "DRAWN UNDER LETTER OF CREDIT NO. IS0100005U, DATED OCTOBER 17, 2013, OF WELLS FARGO BANK, N.A."; (B) BE SIGNED BY THE MAYOR OR CITY MANAGER OF THE CITY OF CHANHASSEN, (C) BE PRESENTED FOR PAYMENT AT 794 DAVIS STREET,2ND FLOOR, SAN LEANDRO, CA 94577 ON OR BEFORE 4:00 P.M. ON OCTOBER 16, 2014. THIS LETTER OF CREDIT SHALL AUTOMATICALLY EXTEND FOR SUCCESSIVE ONE-YEAR TERMS UNLESS, AT LEAST FORTY-FIVE (45) DAYS PRIOR TO THE NEXT ANNUAL EXTENSION DATE (WHICH SHALL BE OCTOBER 16TH OF EACH YEAR), THE BANK DELIVERS WRITTEN NOTICE TO THE CHANHASSEN CITY MANAGERTHAT IT ELECTS NOT TO EXTEND THIS LETTER OF CREDIT FOR AN ADDITIONALTERM. WRITTEN NOTICE IS EFFECTIVE WHEN SENT BY CERTIFIED MAIL, POSTAGE PREPAID, AND DEPOSITED IN THE U.S. MAIL OR BY OVERNIGHT COURIER, AT LEAST FORTY-FIVE (45) DAYS PRIOR TO THE NEXT ANNUAL EXTENSION DATE ADDRESSED AS FOLLOWS: CHANHASSEN CITY MANAGER, CHANHASSEN CITY HALL, 7700 MARKET BOULEVARD, P.O. BOX 147, CHANHASSEN, MN 55317, AND IS ACTUALLY RECEIVED BY THE CITY MANAGER AT LEAST THIRTY (30) DAYS PRIOR TO THE EXTENSION DATE. THIS LETTER OF CREDIT SETS FORTH IN FULL OUR UNDERSTANDING WHICH SHALL NOT IN ANY WAY BE MODIFIED, AMENDED, AMPLIFIED, OR LIMITED BY REFERENCE TO ANY DOCUMENT, INSTRUMENT, OR AGREEMENT, WHETHER OR NOT REFERRED TO HEREIN. Together we'll go far Page 1 of 2 Each page of this document is an integral part of this Irrevocable Standby Letter of Credit Number I50100005U THIS LETTER OF CREDIT IS NOT ASSIGNABLE. THIS IS NOT A NOTATION LETTER OF CREDIT. MORE THAN ONE DRAW MAY BE MADE UNDER THIS LETTER OF CREDIT. THIS LETTER OF CREDIT SHALL BE GOVERNED BY THE MOST RECENT REVISION OF THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS, INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 600. WE HEREBY AGREE THAT A DRAFT DRAWN UNDER AND IN COMPLIANCE WITH THIS LETTER OF CREDIT SHALL BE DULY HONORED UPON PRESENTATION. Very Truly Yours, WELLS FA BANK, N.A. By: Authorized Signature The original of the Letter of Credit contains an embossed seal over the Authorized Signature. Please direct any written correspondence or inquiries regarding this Letter of Credit, always quoting our reference number, to Wells Fargo Bank, National Association, Attn: U.S. Standby Trade Services at either 794 Davis Street or 401 Linden Street MAC A0283-023, MAC D4004-017, San Leandro, CA 94577-6922 Winston-Salem, NC 27101 Phone inquiries regarding this credit should be directed to our Standby Customer Connection Professionals 1-800-798-2815 Option 1 1-800-776-3862 Option 2 (Hours of Operation: 8:00 a.m. PT to 5:00 p.m. PT) (Hours of Operation: 8:00 a.m. EST to 5:30 p.m. EST) Together D'e'li cm iur Page 2 of 2 Each page of this multipage document is an integral part of this Irrevocable Standby Letter of Credit Number IS010000SU Status Report •.y, October 15, 2015 Jul 2000 Au ust 2000 September 2000 S M T W T F S S M T W T F S S M T W T F S 1 1.'W" 2..3 4 5 1...? 2 3 4 5 6 7 8 8 7 8 9 10�1�1�12 34 5 6 7 8 9 9 10 11 12 13,14'1 6 93' -18- ff'19 10-11- '12�13��14�95 t6 16 17 18 19 2021 22 26 H*;Yff24'ff28 17­18'19'ffH'22 23 23 24 25 26 27 28 29 27 28 29 30 31 24 25 26 27 28 29 3b 3d'3i..................... .......................... Securities 10/15/2015 6/15/2016 F LC #IS0100005U expires 10/16/2014 (Automatically renews annually) Southwest Village Townhomes Site Plan Permit 2013-19 The Ryland Group, Inc. $90,208.14 Time of Performance: July 31, 2015 Notify Sharmeen Al-Jaff 9/10/15 - Sharmeen, status? 9/16/15 - Per Jill, all landscaping has been installed. Five trees alive but questionable survivability (plan marked and placed in file). Letter of credit can be reduced to 10% ($9,021). Letter sent to bank requesting reduction. Waiting for confirmation of reduction from bank. Check status on 6/15/15. Kim 9/16/15 - Per Sharmeen, HOLD LC reduction letter noted above. Check status 10/15/15. Kim ........................................................................................................................................................................................................................... ............................................................................................................................ ................................................................................................ ............................................................................................................................................................................................................................ ........................................................................................................................................................................................................................... ........................................................................................................................................................................................................................... ........................................................................................................................................................................................................... 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I .......................... ........................................................................................................................................................................................................................... ............................................................................................................................................................................................................................ ............................................................................................................................................................................................................................ .................................... .........................................................................._.......................................................................................................9.... 0 Lotus Development Corp. 10/1/2015 at 8:41 AM S -Status P-Prlority Pae 1 CITY OF CHANHASSEN SITE PLAN AGREEMENT 2013-19 SPECIAL PROVISIONS THIS AGREEMENT ("Site Plan Agreement") dated September 9, 2013, by and between the CITY OF CHANHASSEN, a Minnesota municipal corporation (the "City"), and The Ryland Group, Inc., a Corporation under the laws of the State of Maryland (the "Developer"). 1. Request for Site Plan Approval. The Developer has asked the City to approve a site plan for construction of 38 townhomes (SouthWest Village Townhomes), Planning Case 2013-19 (referred to in this Site Plan Agreement as the "Project"). The land is legally described as follows: Lots 1-6, Block 1; Lots 1-6, Block 2; Lots 1-6, Block 3; Lots 1-6, Block 4; Lots 1-7, Block 5; Lots 1-7, Block 6, SouthWest Village 2nd Addition, according the recorded plat thereof, Carver County, Minnesota. 2. Conditions of Site Plan Approval. The City hereby approves the site plan on condition that the Developer enters into this Site Plan Agreement and furnishes the security required by it. 3. Development Plans. The project shall be developed and maintained in accordance with the following plans. The plans shall not be attached to this Contract. If the plans vary from the written terms of this Permit, the written terms shall control. The plans are: Plan A: (1 of 18) Title Sheet dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan B: (2 of 18) Grading and Erosion Control Plan dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. PlanC: (3 of 18) SWPPP Narrative dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan D: (4 of 18) SWPPP Notes dated Received August 2, 2013, prepared by Westwood Professional mer`✓1CeS, Inc. SP -1 Plan E: (5 of 18) Existing Drainage Area dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan F: (6 of 18) Post -Development Drainage Area dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan G: (7 of 18) Overall Utility and Street dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan H: (8 of 18) Sanitary and Water Main Construction Plan dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan I: (9 of 18) Sanitary and Water Main Construction Plan dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan J: (10 of 18) Street and Storm Sewer Construction Plan dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan K: (11 of 18) Street and Storm Sewer Construction Plan dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan L: (12 of 18) Landscaping Plan dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan M: (13 of 18) Landscaping Detail Plans dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan N: (14 of 18) Landscape Details and Notes dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan O: (15 of 18) Details dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan P: (16 of 18) Details dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan Q: (17 of 18) Details dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan R: (18 of 18) Lighting Plan dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan S: (C1.1) FOPPOF UNITS CONTROL ELEVATIONS dated Received August 2, 2013, prepared by Ryland Homes. SP -2 Plan T: (Al. IF) FREMONT UNITS ELEVATIONS, RF. PLAN dated Received August 2, 2013, prepared by Ryland Homes. Plan U: (A2.2F) FREMONT UNIT BSMT. FLOOR PLANS dated Received August 2, 2013, prepared by Ryland Homes. Plan V: (A3.1 F) FREMONT UNIT 1 ST AND 2" FLOOR PLANS dated Received August 2, 2013, prepared by Ryland Homes. Plan W: (ALIN) NEWPORT ELEVATIONS, RF. PLAN dated Received August 2, 2013, prepared by Ryland Homes. Plan X: (A2.2N) NEWPORT BSMT. FLOOR PLANS dated Received August 2, 2013, prepared by Ryland Homes. Plan Y: (A3. IN) NEWPORT IST AND 2ND FLOOR PLANS dated Received August 2, 2013, prepared by Ryland Homes. Plan Z: (ALIO) ONTARIO UNITS ELEVATIONS, RF. PLAN dated Received August 2, 2013, prepared by Ryland Homes. Plan AA: (A2.20) ONTARIO BSMT. FLOOR PLANS dated Received August 2, 2013, prepared by Ryland Homes. Plan BB: (A3.10) ONTARIO UNITS 1 ST AND 2ND FLOOR PLANS dated Received August 2, 2013, prepared by Ryland Homes. Plan CC: (Al. IP) PINEHURST ELEVATIONS, RF. PLAN dated Received August 2, 2013, prepared by Ryland Homes. Plan DD: (A2.2P) PINEHURST BSMT. FLOOR PLANS dated Received August 2, 2013, prepared by Ryland Homes. Plan EE: (A3.1 P) PINEHURST UNITS 1 ST AND 2ND FLOOR PLANS dated Received August 2, 2013, prepared by Ryland Homes. Plan FF: (1 of 1) Preliminary Plat dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan GG: (1 of 2) FINAL PLAT SINGNATURE SHEET dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan HH: (2 of 2) FINAL PLAT dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan II: Rendering I dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. SP -3 Plan JJ: Rendering I dated Received August 2, 2013, prepared by Westwood Professional Services, Inc. Plan KK: Rendering I dated Received August 2, 2013, prepared by Westwood Professional Services Inc. 4. Time of Performance. The Developer shall install all required screening and landscaping by July 31, 2015. The Developer may, however, request an extension of time from the City. If an extension is granted, it shall be conditioned upon updating the security posted by the Developer to reflect cost increases and the extended completion date. 5. Security. To guarantee compliance with the terms of this Site Plan Agreement, the Developer shall furnish the City with a letter of credit from a bank, cash escrow, or equivalent ("security") in the amount of $90,208.14. This amount has been calculated at a rate of 110% of the actual value of improvement (landscaping $82,007). The City will release the security posted in accordance with the City Code. 6. Notices. Required notices to the Developer shall be in writing, and shall be either hand delivered to the Developer, its employees or agents, or mailed to the Developer by registered mail at the following address: Michael W. DeVoe Operational Vice President The Ryland Group 7599 Anagram Drive Eden Prairie MN 55344 Phone: 952-229-6000 Notices to the City shall be in writing and shall be either hand delivered to the City Manager, or mailed to the City by registered mail in care of the City Manager at the following address: Chanhassen City Hall, 7700 Market Boulevard, P.O. Box 147, Chanhassen, Minnesota 55317, Telephone (952) 227-1100. 7. Other Special Conditions. On September 9, 2013, the City Council adopted the following motion: "The City Council approves the site plan for 38 town homes for Planning Case 2013-19 for SouthWest Village Townhomes as shown in plans dated received April 13, 2006, and amended landscape plan dated received August 2, 2013, subject to the following conditions: Landscaping Conditions 1. Increase buffer yard plantings along Lyman Boulevard to include a minimum of 14 trees and 24 shrubs. 2. All of the trees located on Highway 101 and Lyman Boulevard between the trail and the curbline shall be moved to the other side of the trail. The trees will be located within the County Right -of -Way. The applicant will be responsible for all long-term maintenance and irrigation of the landscaping within the Right -of -Way. SP -4 Engineering eering Conditions On -street parking is not permitted on the private streets. 2. Any landscaping or structures proposed to be located within the right-of-way must be approved by the regulating agency. Building Official Conditions Accessibility must be provided to all portions of the development and a percentage of the units may also be required to be accessible or adaptable in accordance with Minnesota State Building Code Chapter 1341. Further information is needed to determine these requirements. 2. Buildings over 9250 square feet of floor area are required to be protected with an automatic sprinkler system. For the purposes of this requirement, property lines do not constitute separate buildings and the areas of basements and garages are included in the floor area threshold. 3. The buildings will be required to be designed by an architect and engineer as determined by the Building Official. 4. Demolition permits must be obtained before demolishing any structures on the site. Application for such permits must include hazardous substances investigative and proposed mitigation reports. 5. Walls and projections within five feet of property lines are required to be of one-hour fire - resistive construction. 6. Retaining walls over four feet high require a permit and must be designed by a professional engineer. 7. The developer and/or their agent shall meet with the Inspections Division as early as possible to discuss plan review and permit procedures. Fire Marshal Conditions 1. A three-foot clear space must be maintained around fire hydrants. 2. "No Parking Fire Lane" signs will be required as well as yellow painted curb. Contact the Chanhassen Fire Marshal for exact location of signs and curbing to be painted. 3. Submit proposed street names to Chanhassen Fire Marshal and Chanhassen Building Official for review and approval. 4. Prior to combustible construction, fire hydrants must be made serviceable. 5. Prior to combustible construction, fire apparatus access roads capable of supporting the weight of fire apparatus shall be made serviceable. SP -5 6. Temporary street signs shall be installed prior to and during time of construction." 8. General Conditions. The general conditions of this Site Plan Agreement are attached as Exhibit "B" and incorporated herein. CITY OF CHANHASSEN (SEAL) AND: STATE OF MINNESOTA ) ( ss COUNTY OF CARVER ) Tom Furlong, Mayor Todd Gerhardt, City Manager The foregoing instrument was acknowledged before me this day of .1 2013, by Tom Furlong, Mayor, and by Todd Gerhardt, 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 SP -6 DEVELOPER: THE RYLAND GROUP, INC.: Michael W. DeVoe, Operational Vice President STATE OF MINNESOTA ) ( ss COUNTY OF ) The foregoing instrument was acknowledged before me this day of , 2013, by Michael W. DeVoe, Operational Vice President of The Ryland Group, Inc., a Corporation under the laws of the State of Maryland, on behalf of the company. DRAFTED BY: City of Chanhassen 7700 Market Boulevard Chanhassen, MN 55317 (952)227-1100 SP -7 NOTARY PUBLIC CITY OF CHANHASSEN SITE PLAN AGREEMENT EXHIBIT "B" GENERAL CONDITIONS 1. Right to Proceed. Within the site plan area, the Developer may not grade or otherwise disturb the earth, remove trees, construct improvements, or any buildings until all the following conditions have been satisfied: 1) Site Plan Agreement has been fully executed by both parties and filed with the City Clerk, 2) the necessary security and fees have been received by the City, 3) the Site Plan Agreement has been recorded with the County Recorder's and Registrar of Titles' Offices of the County where the project is located, and 4) the City Planner has issued a letter that the foregoing conditions have been satisfied and then the Developer may proceed. 2. Maintenance of site. The site shall be maintained in accordance with the approved site plan. Plants and ground cover required as a condition of site plan approval which die shall be promptly replaced. 3. License. The Developer hereby grants the City, its agents, employees, officers and contractors a license to enter the plat to perform all work and inspections deemed appropriate by the City in conjunction with site plan development. 4. Erosion Control. Before the site is rough graded, and before any building permits are issued, the erosion control plan, Plan B, shall be implemented, inspected, and approved by the City. The City may impose additional erosion control requirements if they would be beneficial. All areas disturbed by the excavation and backfilling operations shall be reseeded forthwith after the completion of the work in that area. Except as otherwise provided in the erosion control plan, seed shall be certified seed to provide a temporary ground cover as rapidly as possible. All seeded areas shall be fertilized, mulched, and disc anchored as necessary for seed retention. The parties recognize that time is of the essence in controlling erosion. If the Developer does not comply with the erosion control plan and schedule or supplementary instructions received from the City, the City may take such action as it deems appropriate to control erosion at the Developer's expense. The City will endeavor to notify the Developer in advance of any proposed action, but failure of the City to do so will not affect the Developer's and City's rights or obligations hereunder. No development will be allowed and no building permits will be issued unless there is full compliance with the erosion control requirements. Erosion control shall be maintained until vegetative cover has been restored. After the site has been stabilized to where, in the opinion of the City, there is no longer a need for erosion control, the City will authorize removal of the erosion control measures. 5. Clean up. The Developer shall maintain a neat and orderly work site and shall daily clean, on and off site, dirt and debris, including blowing materials, from streets and the surrounding area that has resulted from construction work by the Developer, its agents or assigns. GC -1 6. Warranty. All trees, grass, and sod required in the approved Landscaping Plan, Plan C, shall be warranted to be alive, of good quality, and disease free at the time of planting. All trees shall be warranted for twelve (12) months from the time of planting. The City shall retain $3,180.00 of the posted security for landscaping for twelve (12) months following planting to secure the warranties. Provided the landscaping is in the condition required herein following such twelve (12) month period, the City shall release the remaining security to Developer within ten (10) business days of request therefore. 7. Responsibility for Costs. A. The Developer shall hold the City and its officers and employees harmless from claims made by itself and third parties for damages sustained or costs incurred resulting from site plan approval and development. The Developer shall indemnify the City and its officers and employees for all costs, damages, or expenses, which the City may pay or incur in consequence of such claims, including attorneys' fees. B. The Developer shall reimburse the City for costs incurred in the enforcement of this Permit, including engineering and attorneys' fees. C. The Developer shall pay in full all bills submitted to it by the City for obligations incurred under this Permit within thirty (30) days after receipt. if the bills are not paid on time, the City may halt all plat development work and construction. Bills not paid within thirty (30) days shall accrue interest at the rate of 8% per year. 8. Developer's Default. In the event of default by the Developer as to any of the work to be performed by it hereunder, the City may, at its option, perform the work and the Developer shall promptly reimburse the City for any expense incurred by the City, provided the Developer is first given notice of the work in default, not less than four (4) days in advance. This Site Plan Agreement is a license for the City to act, and it shall not be necessary for the City to seek a Court order for permission to enter the land. When the City does any such work, the City may, in addition to its other remedies, assess the cost in whole or in part. 9. Miscellaneous. A. Construction Trailers. Placement of on-site construction trailers and temporary job site offices shall be approved by the City Engineer. Trailers shall be removed from the subject property within thirty (30) days following the issuance of a certificate of occupancy unless otherwise approved by the City Engineer. B. Postal Service. The Developer shall provide for the maintenance of postal service in accordance with the local Postmaster's request. C. Third Parties. Third parties shall have no recourse against the City under this Permit. D. Breach of Contract. Breach of the terms of this Permit by the Developer shall be grounds for denial of building permits. GC -2 E. Severability. If any portion, section, subsection, sentence, clause, paragraph, or phrase of this Permit is for any reason held invalid, such decision shall not affect the validity of the remaining portion of this Site Plan Agreement, F. OccupancX. Unless approved in writing by the City Engineer, no one may occupy a building for which a building permit is issued on either a temporary or permanent basis until the streets needed for access have been paved with a bituminous surface and the utilities tested and approved by the city. G. Waivers/Amendments. The action or inaction of the City shall not constitute a waiver or amendment to the provisions of this Site Plan Agreement. To be binding, amendments or waivers shall be in writing, signed by the parties and approved by written resolution of the City Council. The City's failure to promptly take legal action to enforce this Site Plan Agreement shall not be a waiver or release. H. Recording. This Site Plan Agreement shall run with the land and may be recorded against the title to the property. I. Remedies. Each right, power or remedy herein conferred upon the City is cumulative and in addition to every other right, power or remedy, express or implied, now or hereafter arising, available to City, at law or in equity, or under any other agreement, and each and every right, power and remedy herein set forth or otherwise so existing may be exercised from time to time as often and in such order as may be deemed expedient by the City and shall not be a waiver of the right to exercise at any time thereafter any other right, power or remedy. J. Construction Hours. The normal construction hours under this Site Plan Agreement shall be from 7:00 a.m. to 7:00 p.m. on weekdays, from 9:00 a.m. to 5:00 p.m. on Saturdays, with no such activity allowed on Sundays or any recognized legal holidays. Operation of all internal combustion engines used for construction or dewatering purposes beyond the normal working hours will require City Council approval. K. Soil Treatment Systems. If soil treatment systems are required, the Developer shall clearly identify in the field and protect from alteration, unless suitable alternative sites are first provided, the two soil treatment sites identified during the site plan process for each lot. This shall be done prior to the issuance of a Grading Permit. Any violation/disturbance of these sites shall render them as unacceptable and replacement sites will need to be located for each violated site in order to obtain a building permit. L. Compliance with Laws, Ordinances, and Regulations. In the development of the property pursuant to this Site Plan Agreement, the Developer shall comply with all laws, ordinances, and regulations of the following authorities to the extent any of the same have jurisdiction over the property's development: 1. City of Chanhassen; 2. State of Minnesota, its agencies, departments and commissions; 3. United States Army Corps of Engineers; 4. Watershed District; GC -3 5. Metropolitan Government, its agencies, departments and commissions. M. Proof of Title. Upon request, the Developer shall furnish the City with evidence satisfactory to the City that it has the authority of the fee owners and contract for deed purchasers too enter into this Site Plan Agreement. N. Soil Conditions. The Developer acknowledges that the City makes no representations or warranties as to the condition of the soils on the property or its fitness for construction of the improvements or any other purpose for which the Developer may make use of such property. The Developer further agrees that it will indemnify, defend, and hold harmless the City, its governing body members, officers, and employees from any claims or actions arising out of the presence, if any, of hazardous wastes or pollutants on the property, unless hazardous wastes or pollutants were caused to be there by the City. O. Soil Correction. The Developer shall be responsible for soil correction work on the property. The City makes no representation to the Developer concerning the nature of suitability of soils nor the cost of correcting any unsuitable soil conditions which may exist. GC -4 Status Report Wednesday, June 01, 2016 Plan July 2000 Au ust 2000 Se tember 2000 3 M T W T F S S M T W T F S S U_,_ T W T F S 1 1 2 3 4 5 1 2 2 3 4 5 6 7 8 6 7 89 10 91 12 34 5 67 8 9 9 10 11 12 13 14 15 13 14 15 16 17 18 19 10 'fl -i *13'14 '15'16 ....... 16 17 18 19 2021.22 20 21 22..23.24..25,26 9Vff29­22"23 23 24 25 26 27 28 29 27 28 29 30 31 24..... 27..28.29.30 Securities [start Due S P Category Description 6/1/2016 6/1/2016 O LC #IS0100005U expires 10/16/2014 (Automatically renews annually) Southwest Village Townhomes Site Plan Permit 2013-19 The Ryland Group, hie. $90,208.14 Time of Performance: July 31, 2015 Notify Sharmeen A]-Jaff & Jill Sinclair 9/10/15 - Sharmeen, status? 9/16/15 - Per Jill, all landscaping has been installed. Five trees alive but questionable survivability (plan marked and placed in file). Letter of credit can be reduced to 10% ($9,021). Letter sent to bank requesting reduction. Waiting for confirmation of reduction from bank. Check status on 6/15/15. Kim 9/16/15 - Per Sharmeen, HOLD LC reduction letter noted above. Check status 10/15/15. Kim 10/15/15 - Sharmeen, status? Kim 11/20/15 - Per Sharmeen, ok to reduce letter of credit to 10% ($9,021). Letter sent to bank requesting reduction. Waiting for confirmation of reduction from bank. Check status on 6/15/15. Kim 11/30/15 - Received Amendment No. 1 to Letter of Credit reducing the amount to $9,021. Check status 6/1/16. Kim 6/9/16 - Notified Bob. Jenny 6/20/16 - Per Jill: Contacted Ryland about replacements. Security can be released oce replacements are intalled. -2015 shrub west of 8955 - Prairie dropp seed (1) -2015 shrub front of 8932 - Cranberry bush (1) - 2015 - shrub rear of 8931-41 jap tree lilac (1) Can be released once replacements are intstalled. Follow up 9/1/16. Jenny ............................................................................................................................................................................................................................ ............................................................................................................................................................................................................................ ........................................................................................................................................................................................................................... ........................................................................................................................................................................................................................... ......................................................................................................................................................................................................................... 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I ............... ............................................................................................................................................................................................................................ ...........................................................................................................................................................................................................................I ............................................................................................................................................................................................................................. ........................................................................................................................................................................................................................... ........................................................................................................................................................................................................................... ...............................................................................................................................................................................................I ........................... ............................................................................................................................................................................................................................ ............................................................................................................................................................................................................................ ............................................................................................................................................................................................................................ ............................................................................................................................................................... ............................................................. ............................................................................................................................................................................................................................ © Lotus Development Corp. 6/30/2016 at 3;22 PM S=Status P=Priority Page 1 -042 91, x P ,.. —,.. `SOP.' .. rc ��✓�'1 ��.,�u�� p �z1 ,.. —,.. `SOP.' .. rc ��✓�'1 ��.,�u�� I'i ��a�ooilo I�i II 0000j�' � o§'4"4ih„„mrm to _0 'O c Jul!)- a 'E ala al SII SF ri�iun ec'e, oo'ej Y Hd�s', 25 € I a 1 m to _0 'O m Status Report Wednesday, June 01, 2016 Plan Jul 2000 Au ust 2000 tealer 2000 S M T W T F S S M T W T F Se S M T W T F S 1 1 2 3 4 5 1 2 2 3 4 5 6 7 8 6 x..8...9 10 11 12 3..4..5...6......8 9 .... 9 10 11 12 1314 15 13 14 15 16 17 18 19 10 11.12.13 4 15 16 ................... 16 17 18 19 20 21 22 20 21 22 23 24 25 26 17 18 19 20 21 22 23 23 24 .. 29 27 28..29.30.31...... 2425 26 27 28.29.30 3b 31 Securities Istart Due S P Category Description 6/1/2016 6/1/2016 F LC #IS0100005U expires 10/16/2014 (Automatically renews annually) Southwest Village Townhomes Site Plan Permit 2013-19 The Ryland Group, Inc. $90,208.14 Time of Performance: July 31, 2015 Notify Sharmeen Al-Jaff & Jill Sinclair 9/10/15 - Sharmeen, status? 9/16/15 - Per Jill, all landscaping has been installed. Five trees alive but questionable survivability (plan marked and placed in file). Letter of credit can be reduced to 10% ($9,021). Letter sent to bank requesting reduction. Waiting for confirmation of reduction from bank. Check status on 6/15/15. Kim 9/16/15 - Per Sharmeen, HOLD LC reduction letter noted above. Check status 10/15/15. Kim 10/15/15 - Sharmeen, status? Kim 11/20/15 - Per Sharmeen, ok to reduce letter of credit to 10% ($9,021). Letter sent to bank requesting reduction. Waiting for confnmation of reduction from bank. Check status on 6/15/15. Kim 11/30/15 - Received Amendment No. 1 to Letter of Credit reducing the amount to $9,021. Check status 6/1/16. Kim ............................................................................................................................................................................................................. 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I............................ ............................................................................................................................................................................................................................ ............................................................................................................................................................................................................................. ............................................................................................................................................................................................................................. © Lotus Development Corp. 12117/2015 at 0:00 AM S=Statue P=Prlority Page 1 Wells Fargo Bank, N.A. U.S. Trade Services Standby Letters of Credit 794 Dads Street, 2nd Floor 31V Ao 283-023, San Leancb•o, CA 94577-6922 Phone: '(800) 798-2815 Option 1 E -Mail: sftrade@wellsfargo.com Amendment To Irrevocable Standby Letter Of Credit Number: IS0100005U Amendment Number: 001 BENEFICIARY CITY OF CHANHASSEN 7700 MARKET BOULEVARD CHANHASSEN, MINNESOTA 55317 LADIES AND GENTLEMEN: Amend Date: November 25, 2015 APPLICANT THE RYLAND GROUP, INC. 3011 TOWNSGATE ROAD SUITE 200 WESTLAKE VILLAGE, CALIFORNIA 91361 AT THE REQUEST AND FoR `rHE ACCOUNT OF THE ABOVE REFERENCED APPLICANT, WE HEREBY AMEND OUR IRREVOCABLE STANDBY LEITER OF CREDIT (THE "WELLS CREDIT') IN YOUR FAVOR AS FOLLOWS: THE CURRENT AVAILABLE AMOUNT IS DECREASED BY USD 81,1187.14 TO USD 9,021.00 . ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. THIS AMENDMENT IS TO BE ATTACHED TO THE ORIGQNAL WELLS CRED7 AND IS AN INTEGRAL PARTTHEREOF. Very Truly Yours, WELLS FARGO BANK, NJL By: Authorized Signature The original of the Letter of Credit contains an embossed seal over the Authorized Signature. 1510 Page 1 of 2 Each page of this document is an integral part of this In evocable Standby Letter of Credit Number 15010000511, Amendment Number 001 77 Please direct any written correspondence or inquiries regarding this Letter of Credit, always quoting our reference number, to Wells Fargo Bank, National Association, Attn: U.S. Standby Trade Services at either 794 Davis Street, 2nd Floor MAC A0283-023, San Leandro, CA 94577-6922 or 401 N Research Pkwy, list Floor MAC D4004-017, WINSTON-SALEM, NC 27101-4157 Phone inquiries regarding this credit should be directed to our Standby Customer Connection Professionals 1-800-798-2815 Option 1 1-800-776-3862 Option 2 (Hours of Operation: 8:00 a.m. PT to 5:00 p.m. PT) (Hours of Operation: 8:00 a.m. EST to 5:30 p.m. EST) Consent to Amendment 001 on Standby Letter of Credit No. 15010000511 is required to become effective.. Please date and sign below and return a copy via e-mail to standbylc@wellsforgo.com or return an original signed copy to our office located at efther. 794 Davis Street, 2nd Floor, or 401 N. Research Pkwy, 1st Floor MAC A0283-023, MAC D4004-017, San Leandro, CA 94577-6922. WINSTON-SALEM, NC 27101-4157 or Fax to 415-296-8905. or Fax to 336-735-0950. V Amendment accepted in its entirety I2-/ 3 Date I— Amendment rejected in its entirety CHANHASSEN aZ) zzl-_ UaV �� Telephone Number Printed Name of Authorized Signer 1510 Page 2 of 2 Each page of this muitipage document is an integral part of this Irrevocable Standby Letter of Credit Number IS010000sU, Amendment Number 001 Wells Fargo Bank, N.A. U.S. Trade Services Staandbv Letters of Credit 794 Dxgs Street, 2nd Floor K,AC Ao283-023, San Leandro, l7Ag4577-6g2z Phone: 1(800) 798-2815 Option i E-Nlail: sftrnde@wellsfargo.coan Amendment To Irrevocable Standby Letter Of Credit Number: IS0100005U CITY PECE�ED ��N Amendment Number: 001 Amend Date : November 25, 2015 NOV 3 0 2015 BENEFICIARY APPLICANT CHANHASSEN PLMNING DEPT CITY OF CHANHASSEN THE RYLAND GROUP, INC. 7700 MARKET BOULEVARD 3011 TOWNSGATE ROAD SUITE 200 CHANHASSEN, MINNESOTA 55317 WESTLAKE VILLAGE, CALIFORNIA 91361 LADIES AND GENTLEMEN: AT THE REQUEST AND FOR THE ACCOUNT OF THE ABOVE REFERENCED APPUCANT, WE HEREBY AMEND OUR IRREVOCABLE STANDSY LETTER OF CREDIT (THE "WELLS CREDIT") IN YOUR FAVOR AS FOLLOWS: THE CURRENT AVAILABLE AMOUNT IS DECREASED BY USD 81,187.14 TO USD 9,021.00. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. THIS AMENDMENT IS TO BE ATTACHED TO THE ORIGINAL WELLS CREDIT AND IS AN INTEGRAL PART THEREOF. Very Truly Yours, WELLS FARGO BALK, N.A. By: Authoriz Signature The original of the Letter of Credit contains an embossed seal over the Authorized Signature. 1510 Page 1 of 2 Each page of this document is an integral part of this Irrevocable Standby Letter of Credit Number IS0100005U , Amendment Number 001 Together we'll go far Please direct any written correspondence or inquiries regarding this Letter of Credit, always quoting our reference number, to Wells Fargo Barak, National Association, Attn: U.S. Standby Trade Services at e:eOcer 794 Davis Street, 2nd Floor MAC A0283-023, San Leandro, CA 94577-6922 or 401 N. Research Pkwy, 1 st Floor MAC D4004-017, WINSTON-SALEM, NC 27101-4157 Phone inquiries regarding this credit should be directed to our Standby Customer Connection Professionals 1-800-798-2815 Option 1 1-800-776-3862 Option 2 (Hours of Operation: 8:00 a.m. PT to 5:00 p.m. PT) (Hours of Operation: 8:00 a.m. EST to 5:30 p.m. EST) Consent to Amendment 001 on Standby Letter of Credit No. IS010000EU is required to become effective. Please date and sign below and return a copy via e-mail to standbyic@weiisfargo.cem. or r eturn an original signed copy to our office located at either: 794 Davis Street, 2nd Floor or 401 N. Research Pkwy, 1 st Floor MAC A0283-023, MAC D4004-017, San Leandro, CA 94577-6922 WINSTON-SALEM, NC 27101-4157 or Fax to 415-296-8905. or Fax to 336-735-0950. [_ Amendment accepted in its entirety s i Date Telephone Number 1510 I _ Amendment rejected in its entirety Authorized Signature- CIlYOFCHANHASSEN Printed Name of Authorized Signer Page 2of2 Each page of this multipage document is an integral part of this Irrevocable Standby Letter of Credit Number 15010000510, Amendment Number 001 Together we'll go far