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LAKE ELMO CITY COUNCIL, MINUTES J'ANUARY 3, 1989 PAGE 7 Council review and approve the plans and specifications and authorize advertisement for bids. A sample resolution was prepared. Councilmen Williams and Bunt stated they were uncomfortable with the arrangement of involving the City by their allowing the City Engineer work for the developer and using someone elses money and suggested the developer take over from here. Rohrer responded this is somewhat unusual for Lake Elmo. In the past, developer projects have always been planned and constructed by the developer with the City providing the review of the plans and specifications and making sure construction is being done under city standards. This option is opened to all. developers, but this is the first time it has been requested. A Developer's Agreement was approved by the Council to protect the City's interest and the bills will be paid. A. Letter of Credit is on deposit with the City. Bohrer has been consulting with one of the owners, Don Raleigh and the agent, Bruce Polz and has not deviated from city standards dictated in the Agreement. The Council asked the staff to check if the statements of cost the City Engineer has submitted have been recovered. Copies of the Developers Agreement will be sent to City Council. M/S/P Hunt/Moe - resolved that Resolution No. 89-1, authorizing advertisement for bids for Construction of 39th Street Roadway, Drainage System and Watermain is hereby approved. (Motion carried 4-0). B. Packard Park, 2nd Addition: Escrow Reduction #2 City Engineer Bohrer reported the grading, gravel base, bituminous surfacing, and pond grading have been completed on Packard Park 2nd Addition. The only work items remaining are clean up and. boulevard seeding and mulching. He estimated the $2,000 retainage would be sufficient to ensure that this work is completed and recommend that the letter of credit be reduced as follows: Remaining Security $10,000 Amount of this Release $ 8,000 New Remaining Security $ 2,000 Ann Bucheck, who has had water concerns with this development, asked when the engineer inspected this work, was there water in the pond. Bohrer responded his assistant, Tom Prew, did. not check into that, but he will look into it. M/S/P Moe/Hunt - resolved that the Council hereby approves reduction of the Escrow for Packard Park 2nd Addition in the amount of $8,000. (Motion carried 4-0).