HomeMy WebLinkAboutCity Council Resolution 2009-136CITY OF PLYMOUTH
RESOLUTION No. 2009-136
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR WOOD CREST OF PLYMOUTH (2008042)
WHEREAS, in accordance with the development contract dated September 4th, 2008, Wood Crest
Development of Plymouth, LLC, developer of Wood Crest of Plymouth (2008042), 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 $655,898 to
$416,963 to reflect the completed work. Letter of Credit No. 102 may be reduced accordingly.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction (Includes Turnaround
$547,633
$ 301,198
$ 180,000
& Bypass Lane)
Sanitary Sewer
99,920
24,980
24,980
Private Sanitary Sewer Liftstation &
110,000
27,500
27,500
Forcemain
Watermain
206,624
51,656
51,656
Storm Sewer
92,494
23,124
23,124
Boulevard and Drainage Swale Sod
11,000
11,000
8,000
Trail Improvements
2,860
2,860
700
Street & Traffic Control Signs
1,400
1,400
1,400
Sidewalk Improvements
68,432
68,432
20,000
Buffer Posts
1,100
-0-
-0-
Site Grading and Drainage Improvements
388,580
97,145
35,000
Setting Iron Monuments
14,400
-0-
-0-
Street Lights
9,000
-0-
-0-
Design, Administration, Inspection, As-
186,413
46,603
46,603
Bullts
TOTAL
1,739,856
$655,898
$418,963
That the required financial guarantee for the above items be reduced as detailed above from $655,898 to
$416,963 to reflect the completed work. Letter of Credit No. 102 may be reduced accordingly.
Resolution No. 2009-136
Page 2 of 2
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. 103
ORIGINAL CURRENT
AMOUNT AMOUNT
$ 1,000 $ 1,000
$ 2,855 $ 2,855
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. 102.
APPROVED THIS 9TH DAY OF JUNE, 2009.