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City Council Resolution 1992-10RESOLUTION 92-10 A RESOLUTION ACCEPTING FEASIBILITY REPORT AND ORDERING PLANS AND SPECIFICATIONS FOR PROJECT 92-07, PHASE II OF THE CARDINAL HILLS RESIDENTIAL SUBDIVISION WHEREAS, pursuant to Resolution 92-8 of the Council adopted March 9, 1992, a report has been prepared by Orr-Schelen-Mayeron with reference to the public improvements to phase II of the Cardinal Hills residential subdivision, and this report was received by the Council on March 23, 1992; and WHEREAS, the petitioners have indicated that they will guarantee payment of the cost to prepare plans and specifications in the form of a letter of credit that can be drawn upon by the City in the event the project is not ordered. NOW, THEREFORE, BE IT"RESOLVED BY THE CITY COUNCIL OF MONTICELLO, MINNESOTA: 1. The Council will consider the improvement of such street in accordance with the report, which includes development of streets, curb, gutter, water main, sanitary sewer, and storm sewer and the assessment of abutting property for all of the cost of the improvement pursuant to Minnesota Statutes, Chapter 429, at an estimated total cost of the improvement of $423,700. 2. A public hearing shall not be held on such proposed improvement because the petition for said improvement is signed by the single property owner benefiting from the improvement. 3. Bret Weiss of OSM is hereby designated as the engineer for this improvement. He shall prepare plans and specifications for making of such improvement subject to the City receiving from the developer a letter of credit or other sufficient financial security in an amount equal to the cost to prepare plans and specifications. Adopted by the Council this 23rd day of March, 1992. M o C C,J City Admini 7xrator