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. CMinutes of the Regular Council Meeting, August 31, 1987 Page 5 . NORTHWOODS (Cont'd) Reiling displayed a plat map on which he indicated the area he assumed the storm sewer would be constructed. In discussion, Engineer Barry Peters advised that he was unaware of the storm sewer being proposed for the area Reiling indicated, however, he advised that the drainage would have been directed toward State Highway property and obtaining permission is time consuming, therefore Opus may have chosen this location as an alternate route. Councilmember Hansen suggested that Rice Creek Watershed may have suggested the storm sewer be constructed in the current location after their review of Opus's plan. Attorney Plunkett noted that such conversations between Reiling and Opus are a private matter; suggested Reiling could pursue this through civil action. Council discussed the fact that Reiling and Opus had signed the Development ~greement for the Northwoods project in which they waived the right to object to the assessments. Hansen moved, seconded by Peck, that Council approve Resolution No. 87-52, RESOLUTION ADOPTING AND CONFIRMING ASSESSMENTS FOR NORTHWOODS IMPROVEMENTS NO. SS-W-P-ST-86-l. Motion carried unanimously. (5-0) STATUS REPORT; Council was referred to letter from Engineer Barry KE!THSON ADDN. Peters, 8-28-87, recommend ins a reduction in the "Letter of Credit" for the improvements in Keithson . Addition. Peters explained that the Development Agreement requires a letter of credit be posted to cover all project costs; since the contractor has substantially completed the utility and street construction, the developer is requesting a reduction in the amount of the letter of credit. He reviewed the criteria used to determine the amount of the letter of credit. Moved by Hansen, seconded by Peck, that Council approve a reduction in the "Letter of Credit" for Keithson Addition and request that the developer submit a new "Letter of Credit" in the amount of $54,600.00. Motion carried unanimously. (5-0) CHANGE ORDER Ill; Council was referred to Change Order #1 for the Round ROUND LK. SEWER Lake Sewer Interceptor project. INTERCEPTOR PROJ Barry Peters advised he and the Public Works Supervisor had determined that two additional 12" Butterfly Valves needed to be replaced during the project. He further stated that during reconstruction of the street, unsuitable materials were uncovered; granular borrow was used for street stabilization. Moved by Peck, seconded by Sather, that Council approve Change Order #1, Round Lake Sewer Interceptor Project No. SS-83-6, W-86-2, in the amount of $5,022.00. Motion carried unanimously. . DRAINAGE PROBLEM Councilmember Winiecki questioned if the grading in the KEITHSON ADDN. Keithson Addition is according to the plan submitted and approved by the Engineer; she was contacted by a resident whose property is west of the addition, relative to water in the rear portion of his property. Barry Peters explained that additional grading needs to be accomplished in Keithson Addition; he will review the situation and advise Council at a future meeting. PAVEMENT MGMT. Council was advised by Engineer Barry Peters that the STUDY REPORT interim report of the Pavement Management Study is now available; Peters asked Council to consider a specific "--- . work session to discuss the plan. Council consensus was to discuss the Pavement Management Study report on September 14, at 7:00 p.m., prior to the regular Council meeting. TREASURER REPORT INVESTMENTS Treasurer Green reported on the following investment: 8/17/87 - $321,233.46 at Twin City Federal, @ 6/21% interest, to mature 9/17/87 Hansen moved, seconded by Peck, that Council ratify the Treasurer's report. Motion carried unanimously. (5-0)