HomeMy WebLinkAboutCity Council Resolution 2009-284CITY OF PLYMOUTH
RESOLUTION No. 2009-284
A RESOLUTION TO ACCEPT STREETS FOR CONTINUAL MAINTENANCE
FOR SPRING ARBOR (2007002)
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:
ITEM
Street Constriction
Access Road to N[_]RP Pond & Sanitary MH
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Street and Traffic Control Signs
Sidewalk and Trail Improvements
Rain garden
Buffer Posts
Site Grading & Drainage Improvements
Setting Iron Monuments
Street Lights
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL
CURRENT
NEW
AMOUNT
AMOUNT
AMOUNT
$50,529
$40,000
-0-
4,521
-0-
-0-
31,416
-0-
-0-
26,734
-0-
-0-
35,302
-0-
-0-
2,000
900
900
1,285
1,285
-0-
5,669
5,669
-0-
6,525
6,525
3,000
300
300
300
34,799
12,000
7,500
2,800
2,800
2,800
2,400
-0-
-0-
24,514
12,257
6,128
$ 228,794
$81,736
$20,628
That the required financial guarantee for the above items be reduced as detailed above from
$81,736 to $20,628 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:
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 street constriction is accepted for continuous
maintenance as of November 24, 2009 subject to the one-year guarantee by the contractors per
Maintenance Bond No. 929470292 issued by Western Surety Company.
APPROVED THIS 24TH DAY OF NOVEMBER, 2009.