HomeMy WebLinkAboutCity Council Resolution 2007-446CITY OF PLYMOUTH
RESOLUTION NO. 2007-446
ACCEPTING UTILITIES 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
$ 88,200
Sanitary Sewer Liftstation
85,000
17,000
21,250
Sanitary Sewer System
60,260
12,100
15,065
Watermain System
64,860
13,000
16,215
Storm Sewer System
75,140
30,000
18,785
Boulevard and Drainage Swale Sod
5,600
-0-
-0-
Trail Improvements
12,3150
4,000
500
Street and Traffic Control Signs
1,000
1,000
1,000
Sidewalk Improvements
16,000
3,200
-0-
Landscaping (plantings)
45,000
40,000
7,500
Turn Lanes on Cty. Rd. 73
165,000
33,000
33,000
Buffer Posts
1,500
1,000
-0-
Site Grading and Drainage
350,000
25,000
3,000
Improvements
Setting Iron Monuments
10,400
10,400
10,400
Street Lights
4,500
4,500
4,500
Design, Administration, Inspection,
120,812
33,800
26,330
As-Bullts
TOTAL
$ 1,127,582
316,200
245,745
Resolution No. 2007-446
Page 2 of 2
That the required financial guarantee for the above items be reduced as detailed above from
$316,200 to $245,745 to reflect the completed work. Letter of Credit No. 32231-A 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
ORIGINAL NEW
AMOUNT AMOUNT
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning (see Grading Permit for Financial
Guarantee Requirements)
Cash: $ 11,000 $ 11,000
FURTHER BE IT RESOLVED that the utility constriction is accepted for continuous
maintenance as of October 23, 2007 subject to the two-year guarantee by the developer, held as
part of the Development Contract Letter of Credit No. 32231-A in the amount of $52,530.
Adopted by the City Council on October 23, 2007.