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03-61• RESOLUTION NO. 2003-61 RESOLUTION ORDERING PREPARATION OF PLANS AND SPECIFICATIONS A RESOLUTION ACCEPTING FEASIBILITY STUDY, WAIVING PUBLIC HEARING AND DIRECTING PREPARATION OF PLANS AND SPECIFICATIONS FOR THE IMPROVEMENT OF PROJECT NO. 03-08, FOR TRUNK UTILITY IMPROVEMENTS TO THE FOLLOWING AREA KITTREDGE CROSSING. WHEREAS, the City Council ordered the preparation of a feasibility study for the improvement on the 21 ST day of April, 2003; and WHEREAS, such feasibility study was prepared by Hakanson Anderson Associates, Inc. and presented to the Council on the 23`d day of June, 2003; and WHEREAS, the Petitioner, Darrel A. Farr Development Corporation have waived the right to a Public Hearing; and WHEREAS, the City Council has reviewed the feasibility study and declares the improvement feasible, for an estimated cost of $695,000.00. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Otsego to hereby receive the feasibility report with an estimated total cost of improvements of $695,000.00, waive the Public Hearing and order improvements. BE IT FURTHER RESOLVED by the City Council to hereby direct the firm of Hakanson Anderson Associates, Inc. to prepare the plans and specifications for such improvement project. BE IT FURTHER RESOLVED by the City Council to hereby require the Petitioner, Darrel A. Farr Development Corporation, submit an escrow with the City in the estimated amount of the cost of the Plans and Specifications ($20,000.00) and agree to pay any costs in excess of that amount as per the City of Otsego and Hakanson Anderson Associates, Inc. contract and, further, that the Petitioner execute an Agreement with the City agreeing to pay any and all costs associated with the construction of the project and waiving irregularities, hearing, and right of appeal to have said amount assessed against real property owned by Petitioner. Adopted by the Council this 23`d day of June 2003. 'r Lar Fournier, Mayor