HomeMy WebLinkAboutCity Council Resolution 2009-131CITY OF PLYMOUTH
RESOLUTION No. 2009-131
A RESOLUTION ACCEPTING STREETS AND UTILITIES FOR CONTINUAL MAINTENANCE
FOR FOUR POINTS OF PLYMOUTH (2006022)
WHEREAS, in accordance with the development contract dated August 22, 2006, Four Points
of Plymouth, LLC, developer of Four Points of Plymouth (2006022), 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:
ITEM
Street Constriction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Landscaping (Plantings)
Site Grading and Drainage Improvements
Setting Iron Monuments
Street Lights
Design, Administration, Inspection, As-
Bullts
TOTAL
ORIGINAL
CURRENT
NEW
AMOUNT
AMOUNT
AMOUNT
$ 38,908
$28,900
$9,727
23,405
11,700
5,851
21,148
5,000
5,000
33,699
16,850
8,425
1,000
1,000
500
22,825
22,825
-0-
98,740
28,000
1,500
1,700
1,700
-0-
2,400
2,400
600
29,259
16,040
13,397
$ 273,084
134,415
45,000
That the required financial guarantee for the above items be reduced as detailed above from $134,415
to $45,000 to reflect the completed work. Letter of Credit No. 127 may be reduced accordingly.
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Resolution No. 2009-131
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:
ITEM
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and
Storm
Sewer Cleaning
Cash
Letter of Credit No. 128
ORIGINAL CURRENT
AMOUNT AMOUNT
$ 1,000 $ 1,000
$ 2,855 $ 2,855
FURTHER BE IT RESOLVED that the street constriction is accepted for continuous
maintenance as of May 26, 2009 subject to the one-year guarantee by the Developer per Letter of
Credit No. 127.
FURTHER BE IT RESOLVED that the utilities are accepted for continuous
maintenance as of May 26, 2009 subject to the two-year guarantee by the Developer per Letter of
Credit No. 127.
APPROVED THIS 26TH DAY OF MAY, 2009.
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