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HomeMy WebLinkAboutCity Council Resolution 2007-346CITY OF PLYMOUTH RESOLUTION 2007-346 REIMBURSING DEVELOPER FOR CONSTRUCTION OF PUBLIC IMPROVEMENTS IN TARYN HILLS (2005045) WHEREAS, the City of Plymouth and U.S. Home Corporation have entered into a development contract dated December 28, 2005; and WHEREAS, as part of this development, the developer was required to constrict public improvements including trunk sanitary sewer, trunk watermain, and roadway; and WHEREAS, the City is responsible for the incremental cost of public improvements above that which is the responsibility of the developer under the City Assessment Policy; and WHEREAS, the work has been completed and is certified to be in compliance with the approved plans and specifications by U.S. Home Corporation's engineer, Sathre-Bergquist, Inc.; and WHEREAS, the cost difference between an 8" sewer main at 25 -ft. depth (developer's responsibility) and the Comprehensive Sanitary Sewer Plan which required 15-18" sewer main at depths greater than 25 feet (City responsibility) amounts to $2,097,517.07 for constriction and engineering; and WHEREAS, the cost difference between a 12" watermain (developer's responsibility) and the Comprehensive Water Supply Plan required 20" watermain (City responsibility) amounts to $834,686.44 for constriction and engineering; and WHEREAS, the developer was required by Hennepin County to make roadway improvements on County Road 47 west of Vicksburg Lane and on Vicksburg Lane north of County Road 47 that were beyond what was required by the City at an amount of $130,724.66 for constriction and engineering; and WHEREAS, the work has been accepted by the City of Plymouth; NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA: That the developer, U.S. Home Corporation, be reimbursed in the amount of $3,062,928.17 for constriction and engineering costs for the trunk sanitary sewer, trunk watermain, and roadway improvements in accordance with the development contract and City policy. BE IT FURTHER RESOLVED that $2,932,203.51 be allocated from the City's Utility Trunk Fund and that $130,724.66 be allocated from the City's Municipal State Aid Fund. Adopted by the City Council on August 14, 2007.