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City Council Resolution 2006-85CITY OF MONTICELLO RESOLUTION NO. 2006-85 ACCEPT IMPROVEMENTS NATHANS COURT CITY PROTECT NO. 2004-28P WHEREAS, pursuant to the terms of a development agreement for the improvements to the plat of Nathans Court, the developer has completed the improvements for the residential plat and is requesting City acceptance of the work; NOW, THEREFORE, BE IT HEREB Y RESOL VED BY THE CITY COUNCIL OF MONTICELLO, MINNESOTA that the improvements in the Nathan Court development are accepted by the City subject to the following: 1. The developer is to submit as- builts for acceptance. 2. The developer is to submit warranty bonds for 25% of certified construction costs, with warranty commencing 2 years from the date of Council acceptance of improvements. 3. The developer is to provide a $9,600 letter of credit to cover erosion/restoration and landscaping. 4. A $5,000 cash security will be held to cover costs of final warranty inspection. Adopted by the Monticello City Council this 9P day of October, 2006. �7Y Clint Herbst, Mayor ATTEST: CAM