City Approves $209K Development Guaranty for West Publishing Addition
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Description
The City of Eagan approved a development contract with Eagan Property Owner, LLC for the West Publishing Company 10th Addition, requiring comprehensive site improvements, a financial guaranty of $209,045, and compliance with detailed city standards. The contract includes city reimbursement on delays or defaults, and mandates payment of cash dedication for required tree mitigation.
Contract Details
Vendor
EAGAN PROPERTY OWNER LLC
Agency
City of Evan, MN
Contract Type
CONSTRUCTION
Document Date
July 2, 2025
Contract Term
Through project completion, warranty period 2 years after City approval of improvements
Renewal Date
2026-09-01
Renewal Info
Obligations remain until project completion and written City approval; 2-year warranty on improvements applies after City acceptance. Financial guaranty is partially released per project milestones, last 20% held until full City sign-off. Extensions for deadlines require City Council Resolution.
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