HomeMy WebLinkAboutCity Council Resolution 2009-051CITY OF PLYMOUTH
RESOLUTION No. 2009-051
A RESOLUTION TO ACCEPT UTILITIES FOR CONTINUAL MAINTENANCE
FOR SPRING ARBOR
WHEREAS, in accordance with the development contract dated July 11, 2007, Gonyea Homes, Inc,
developer of Spring Arbor (2007002), has agreed to install certain improvements for said development;
and
WHEREAS, the developer has completed a portion of the street, utility and site grading as noted below;
and
WHEREAS, the developer has requested a reduction of the required financial guarantee to reflect the
completed work;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA; that the financial guarantee requirements are reduced as follows:
That the required financial guarantee for the above items be reduced as detailed above from $228,794 to
$89,908 to reflect the completed work. Letter of Credit No. 704069 may be reduced accordingly.
FURTHER BE IT RESOLVED that the financial guarantee requirements for the following items per Section
8.1 of the approved Development Contract remain as follows:
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ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Constriction
$50,529
$50,529
Access Road to N[_]RP Pond & Sanitary MH
4,521
3,000
Sanitary Sewer
31,416
-0-
Watermain
26,734
-0-
Storm Sewer
35,302
-0-
Boulevard and Drainage Swale Sod
2,000
800
Street and Traffic Control Signs
1,285
1,285
Sidewalk and Trail Improvements
5,669
5,669
Rain garden
6,525
6,525
Buffer Posts
300
300
Site Grading & Drainage Improvements
34,799
17,000
Setting Iron Monuments
2,800
2,800
Street Lights
2,400
-0-
Design, Administration, Inspection, As-Builts
24,514
2,000
TOTAL
$ 228,794
$89,908
That the required financial guarantee for the above items be reduced as detailed above from $228,794 to
$89,908 to reflect the completed work. Letter of Credit No. 704069 may be reduced accordingly.
FURTHER BE IT RESOLVED that the financial guarantee requirements for the following items per Section
8.1 of the approved Development Contract remain as follows:
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ITEM
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning (see Grading Permit for Financial
Guarantee Requirements)
Cash:
Financial Guarantee Letter of Credit No. FGAC-704070
ORIGINAL NEW
AMOUNT AMOUNT
$ 1,000 $ 1,000
$ 6,500 $ 6,500
FURTHER BE IT RESOLVED that the utility constriction is accepted for continuous maintenance as of
February 24, 2008 subject to the two-year guarantees by the contractors per Maintenance Bond No. 929470292
issued by Western Surety Company.
APPROVED THIS 24TH DAY OF FEBRUARY.
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