HomeMy WebLinkAboutCity Council Resolution 2008-370CITY OF PLYMOUTH
RESOLUTION NO. 2008-370
ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
BASSETT CREEK CROSSING (2005093)
WHEREAS, in accordance with the development contract dated January 11, 2006, Charles Cudd,
LLC, developer of Bassett Creek Crossing (2005093), 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:
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction
$ 110,160
$ 88,200
$ 26,800
Sanitary Sewer Liftstation
85,000
-0-
-0-
Sanitary Sewer System
60,260
-0-
-0-
Watermain System
64,860
-0-
-0-
Storm Sewer System
75,140
-0-
-0-
Boulevard and Drainage Swale Sod
5,600
-0-
-0-
Trail Improvements
12,3150
500
-0-
Street and Traffic Control Signs
1,000
1,000
-0-
Sidewalk Improvements
16,000
-0-
-0-
Landscaping (plantings)
45,000
7,500
7,500
Turn Lanes on Cty. Rd. 73
165,000
16,500
-0-
Buffer Posts
1,500
-0-
-0-
Site Grading and Drainage
350,000
3,000
-0-
Improvements
Setting Iron Monuments
10,400
-0-
-0-
Street Lights
4,500
-0-
-0-
Design, Administration, Inspection,
120,812
20,505
-0-
As-Bullts
TOTAL
$ 1,127,582
$ 137,205
$ 34,300
Resolution No. 2008-370
Page 2
That the required financial guarantee for the above items be reduced as detailed above from
$137,205 to $34,300 to reflect the completed work. Letter of Credit No. 32231-A may be
reduced accordingly.
FURTHER BE IT RESOLVED that the street constriction is accepted for continuous
maintenance as of December 9, 2008 subject to the one-year guarantee by the developer, held as
part of the Development Contract Letter of Credit No. 32231-A in the amount of $26,800.
Adopted by the City Council on December 9, 2008.