HomeMy WebLinkAboutCity Council Resolution 2009-201CITY OF PLYMOUTH
RESOLUTION NO. 2009-201
A RESOLUTION ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
FOR TARYN HILLS 6T" ADDITION (2007019)
WHEREAS, in accordance with the development contract dated April 10, 2007, US Home
Corporation, developer of Taryn Hills 6t1' Addition (2007019), 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:
Bullts
TOTAL $ 802,990 $ 58,800 10,800
That the required financial guarantee for the above items be reduced as detailed above from $58,800
to $10,800 to reflect the completed work. Letter of Credit No. FGAC-07077 may be reduced
accordingly.
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ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction
$ 23 8,5 03
$ 48,000
-0-
Sanitary Sewer
123,960
-0-
-0-
Watermain
125,900
-0-
-0-
Storm Sewer
156,168
-0-
-0-
Boulevard and Drainage Swale Sod
12,075
8,000
3,000
Sidewalk Improvements
45,175
9,035
-0-
Setting Iron Monuments
11,800
-0-
-0-
Street Lights
3,375
-0-
-0-
Design, Administration, Inspection, As-
86,035
7,800
7,800
Bullts
TOTAL $ 802,990 $ 58,800 10,800
That the required financial guarantee for the above items be reduced as detailed above from $58,800
to $10,800 to reflect the completed work. Letter of Credit No. FGAC-07077 may be reduced
accordingly.
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Resolution No. 2009-201
Page 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 (see Grading Permit for Financial
Guarantee Requirements)
Cash:
Financial Guarantee Letter of Credit No. FGAC-
07075
ORIGINAL NEW
AMOUNT AMOUNT
$ 1,000 $ 1,000
$ 22,160 $ 22,160
FURTHER BE IT RESOLVED that the street constriction is accepted for continuous
maintenance as of August 25, 2009 subject to the one-year guarantee by the Maintenance Bond
No. 1041629.
APPROVED THIS 25TH DAY OF AUGUST, 2009.
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