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3c Pinehurst Dev Contract Amdt CITY OF CHANHASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.227.1100 Fax: 952.227.1110 Building Inspections Phone: 952.227.1180 Fax: 952.227.1190 Engineering Phone: 952.227.1160 Fax: 952.227.1170 Finance Phone: 952.227.1140 Fax: 952.227.1110 Park & Recreation Phone: 952.227.1120 Fax: 952.227.1110 Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 Planning & Natural Resources Phone: 952.227.1130 Fax: 952.227.1110 Public Works 1591 Park Road Phone: 952.227.1300 Fax: 952.227.1310 Senior Center Phone: 952.227.1125 Fax: 952.227.1110 Web Site WNW.ci. chanhassen. mn. us je, ~ MEMORANDUM VI TO: Paul Oehme, City Engineer/Dir. of Public Works Alyson Fauske, Assistant City Engineer (}~~. February 27, 2006 FROM: DATE: SUBJ: Approve First Amendment to Pinehurst Development Contract - Project No. 05-03 Plowshares Development and Lundgren Brothers Construction (a.k.a. US Homes Corporation and Lennar Construction) own lots within the Pinehurst development. The builders discovered that the proposed housing product would exceed the impervious surface coverage standard. within the development, therefore the builders are requesting to re-plat the entire development as Pinehurst 2nd Addition, thus eliminating two lots from the development. In order to process this request, the City and the developer must agree to amend the development contract. The fee owners and mortgage holders must consent to the amendment. Staff recommends approval of the first amendment to the Pinehurst Development Contract. G:\ENG\PROJECTS\Pinehurst (Mancino prop.)\Approve first amendment.doc The City of Chanhassen · A growing community with clean lakes, quality schools, a charming downtown, thriving businesses, winding trails, and beautiful parks. A great place to live, work, and play. FIRST AMENDMENT TO DEVELOPMENT CONTRACT FOR PINEHURST AGREEMENT dated , 2006, by and between the CITY OF CHANHASSEN, a Minnesota municipal corporation ("City"), and PLOWSHARES DEVELOPMENT, LLC, a Minnesota limited liability company (the "Developer"). 1. EXISTING AGREEMENT. The parties have previously entered into a Development Contract for PINEHURST dated March 14, 2004, and recorded with the office of the Carver County Recorder on July 25, 2005 as Document No. A419432, and Addendum "A" to Pinehurst Development Contract dated November 14, 2005, and recorded with the office of the Carver County Recorder on January 18, 2006 as Document No. A433262 (the "Development Contract"). The Development Contract which is incorporated herein by this reference shall remain in full force and effect except as specifically modified by this First Amendment. 2. REPLA T. The property legally described on Exhibit "A" to the Development Contract platted as "PINEHURST" is replatted, without the addition or deletion of property, as "PINEHURST 2ND ADDITION". The Development Contract shall apply to Pinehurst 2nd Addition as modified herein. 123403vOl RNK:02/1 0/2006 1 CHAN:Pinehurst (Plowshares Development and U.S. Home Corp.) 3. ADDITIONAL OTHER SPECIAL CONDITIONS. A. The water service curb stops must be removed and spot liners must be installed in the sanitary sewer services in Manchester Drive (one sewer and one water service) and inn front of Lot 5, Block 1, Pinehurst 2nd Addition (one sewer and one water service at Station 1 +07). B. A final grading plan and soils report must be submitted to the Inspections Department before building permits will be issued. The soils report must have a lot conversion table identifying how the test results from the original subdivision correlate to the new lot descriptions. C. The Developer shall create a Homeowners Association to take responsibility for the retaining walls that cross property lines and maintain them. Homeowners Association documents are subject to approval by the City Attorney. D. The Developer must ensure that the soils under all revised building pads meet required densities. CITY OF CHANHASSEN BY: Thomas A. Furlong, Mayor (S EAL) AND Todd Gerhardt, City Manager/Clerk DEVELOPER: PLOWSHARES DEVELOPMENT, LLC BY: Its l23403vOl RNK:02/1 0/2006 2 CHAN:Pinehurst (Plowshares Development and u.s. Home Corp.) STATE OF MINNESOTA ) ( ss. COUNTY OF CARVER ) The foregoing instrument was acknowledged before me this day of , 2006, by Thomas A. Furlong and by Todd Gerhardt, the Mayor and City Manager/Clerk 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 STATE OF MINNESOTA ) ( ss. COUNTY OF ) The foregoing instrument was acknowledged before me this day of 2006, by the Plowshares Development, LLC, a Minnesota limited liability company, on its behalf. , of NOTARY PUBLIC DRAFTED BY: CAMPBELL,KNUTSON Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, MN 55121 Telephone: (651) 452-5000 RNK l23403vOl RNK:02/l0/2006 3 CHAN:Pinehurst (Plowshares Development and u.s. Home Corp.) FEE OWNER CONSENT TO FIRST AMENDMENT TO DEVELOPMENT CONTRACT FOR PINEHURST u.s. HOME CORPORATION, a Delaware corporation, fee owner of all or part of the subject property, the development of which is governed by the foregoing First Amendment to Development Contract for Pinehurst and the Development Contract described therein, affirms and consents to the provisions thereof and agrees to be bound by the provisions as the same may apply to that portion of the subject property owned by it. Dated this day of ,2006. u.s. HOME CORPORATION BY: Marc S. Anderson Its Executive Vice President STATE OF MINNESOTA ) ( ss. COUNTY OF ) The foregoing instrument was acknowledged before me this _ day of , 2006, by Marc S. Anderson, the Executive Vice President of U.S. Home Corporation, a Delaware corporation, on behalf of the corporation. NOTARY PUBLIC DRAFTED BY: CAMPBELL, KNUTSON Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, MN 55121 Telephone: (651) 452-5000 RNK 123403vOl RNK:02/10/2006 4 CHAN:Pinehurst (Plowshares Development and U.S. Home Corp.) MORTGAGE HOLDER CONSENT TO FIRST AMENDMENT TO DEVELOPMENT CONTRACT FOR PINEHURST LAKELAND CONSTRUCTION FINANCE, LLC, a Minnesota limited liability company, which holds a mortgage on the subject property, the development of which is governed by the foregoing First Amendment to Development Contract for Pinehurst and the Development Contract described therein, agrees that the same shall remain in full force and effect even if it forecloses on its mortgage. Dated this _ day of ,2006. LAKELAND CONSTRUCTION FINANCE, LLC BY: Its STATE OF MINNESOTA ) ( ss. COUNTY OF ) The foregoing instrument was acknowledged before me this _ day of 2006, by the Construction Finance, LLC, a Minnesota limited liability company, on its behalf. of Lakeland NOTARY PUBLIC DRAFTED BY: CAMPBELL,KNUTSON Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, MN 55121 Telephone: (651) 452-5000 RNK 123403vOl RNK:02/1 0/2006 5 CHAN:Pinehurst (Plowshares Development and U.S. Home Corp.)