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HomeMy WebLinkAbout~Master - Completion of public improvements for South Fork Subdivision, 3rd Addition RESOLUTION NO. 17-697 RESOLUTION ACCEPTING COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR SOUTH FORK SUBDIVISION, 3RD ADDITION FOR THE CITY OF AMES, IOWA WHEREAS, the required street trees for South Fork Subdivision, 3' Addition, have not yet been installed; and, WHEREAS, on December 20, 2016, the Council approved an Improvement Agreement with the developer of South Fork Subdivision and accepts financial security in the amount of$37,595 for the final improvements still outstanding in previous South Fork Additions; and, WHEREAS, this financial security was to cover a mid-block walkway in the 8th Addition, cornmon sidewalks in the 3ra, 4th, and 8th Additions, street trees throughout the development, and correction to the easement granted in the 4th Addition, and, WHEREAS, the financial security for the street trees yet to be installed as part of the South Fork Subdivision, 3'Addition, are currently covered under Letters of Credit#404 and#429; and, WHEREAS, it is recommended that Letter of Credit#404 be released and Letter of Credit #429 be kept until such time as the trees are installed. NOW, THEREFORE, be it resolved by the City Council of the City of Ames, Iowa, that completion of public improvements, except for the installation of the street trees, for the South Fork Subdivision, 3' Addition, is hereby approved, and authorization to release Letter of Credit #404 is hereby fizrther approved. ADOPTED THIS 12th day of December, 2017. C�A� Diane R Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Gartin Seconded by: Corrieri Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin,Nelson, Orazem Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 12th day of December, 2017.