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, , ~ ~ ". '"llIlllII RESOLUTION NO. 5600 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION CONDITIONALLY ACCEPTING THE PUBLIC IMPROVEMENTS ASSOCIATED WITH PHA~E I OF THE W ALGREENS PUD, IN ACCORDANCE WITH . THE CONTRACT FOR PRIV A~E DEVELOPMENT (DA 00-123) WHEREAS, the City of Mounds View and Meridian Properties Real Estate Development, doing business as TOLl) Development Company, entered into a Contract for Private Development (the "Agreement") on November 29,2000; and, WHEREAS, the Agreement requires the Developer to construct certain improvements including grading, drainage, .lflndscaping, lighting, trail way and other Improvements as part of the project; and WHEREAS, the Agreement requires City inspection and acceptance of the Improvements. NOW, THEREFORE, BE IT RESOLVED, that the City of Mounds View accepts the Improvements, subject to the following considerations: 1. All issues raised by Rice Creek shall be addressed to their satisfaction. 2. The Highway 10 access drive shall be striped where it is crossed by the trailway. 3. Pavement marl\ings or signage to warn bikers and pedestrians shall be installed at the trailway/driveway crossing. 4. Upon completion of the Improvements, the Developer shall' provide the City with a copy of the site and utility as-builts. 5. The Developer shall provide a maintenance bond in the amount of$43,500. 6. Vegetation shall be added in the area of the wetland disturbance to better blend the disturbed areas in with the existing wetland vegetation as well as to discourage use of the area as a natural walking path. . , 7. The Developer or property manager shall maintain and mow the boulevard area along Highway 10 and shall restore by sod or seed those areas disturbed as a result of the trailway installation. 8. The vacant lot between the Walgreens building and the Community Center shall be seeded and maintained to prevent growth of weeds and tall grass. NOW, THEREFORE, BE IT FURTHER ESOLVED, that upon completion of the above articulated items and acceptance of the Improvements, the City shall execute a Certificate of Completion in a form substantially similar to the attached Exhibit A and approve the release of the original $435,000 letter of credit. ..