HomeMy WebLinkAboutCity Council Resolution 2008-015CITY OF PLYMOUTH
RESOLUTION NO. 2008-015
ACCEPTANCE OF STREETS FOR CONTINUAL MAINTENANCE
STONE CREEK VILLAGE (2001073)
WHEREAS, in accordance with the development contract dated January 29, 2003,
Plymouth Leased Housing Associates, LLC., developer of Stone Creek Village
(2001073), 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
Rain Garden Constriction
Mitigation Pond Constriction
N [_]RP Pond Constriction
Street Signs (I x 200)
Park and Trail Improvements
Site Grading and Drainage Improvements
Setting Iron Monuments
Design, Administration, Inspection, As-
Bullts
ORIGINAL
CURRENT
NEW
AMOUNT
AMOUNT
AMOUNT
$ 50,825
$ 12,800
$ -0-
12,380
-0-
-0-
1,000
-0-
-0-
27,100
-0-
-0-
-0-
-0-
-0-
10,500
10,500
10,500
9,450
9,450
9,450
25,760
6,440
6,440
200
-0-
-0-
-0-
-0-
-0-
123,500
6,175
6,175
750
750
750
31,376
-0-
-0-
$292,841
$46,115
$33,315
That the required financial guarantee for the above items be reduced as detailed above
from $46,115 to $33,315 to reflect the completed work. Letter of Credit No. 170 may be
reduced accordingly.
Resolution No. 2008-015
Stone Creek Village (2001073)
Page Two
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:
ORIGINAL
AMOUNT
$ 9,000
NEW
AMOUNT
$9,000
FURTHER BE IT RESOLVED that the street constriction is accepted for continual
maintenance as of January 8, 2008 subject to the one-year guarantee by the Developer per
Maintenance Bond No. 105006307 issued by Travelers Casualty and Surety Company of
America.
Adopted by the City Council on January 8, 2008.