HomeMy WebLinkAboutCity Council Resolution 2006-100CITY OF PLYMOUTH
RESOLUTION NO. 2006-100
ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
THE FIELDS OF NANTERRE 2ND ADDITION (2004043)
WHEREAS, in accordance with the development contract dated June 23, 2004, The
Ryland Group, Inc., developer of The Fields of Nanterre 2" a Addition (2004043), 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
remain as follows:
That the required financial guarantee for the above items be reduced as detailed above
from $249,265 to $195,841 to reflect the completed work. The Letter of Credit No.
3080103 may be reduced accordingly.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction
$ 206,297
$ 41,300
$ 41,300
Sanitary Sewer
109,611
22,000
-0-
Watermain
101,283
20,300
-0-
Storm Sewer
26,844
5,400
-0-
Sod
30,710
4,000
4,000
Irrigation
29,079
29,079
29,079
Street and Traffic Control Signs
1,400
300
300
Sidewalk Improvements
12,000
2,400
2,400
Trail Improvements
10,000
2,000
2,000
Landscaping
87,779
87,779
87,779
Site Grading and Drainage Improvements
-0-
-0-
-0-
Setting Iron Monuments
5,300
5,300
5,300
Street Lights
13,500
2,700
2,700
Design, Administration, Inspection, As-Builts
76,056
26,707
20,983
TOTAL
$ 709,859
$ 249,265
$ 195,841
That the required financial guarantee for the above items be reduced as detailed above
from $249,265 to $195,841 to reflect the completed work. The Letter of Credit No.
3080103 may be reduced accordingly.
RESOLUTION NO. 2006-100
THE FIELDS OF NANTERRE 2 N (2004043)
Page 2 of 2
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
Letter of Credit No. 3048251
ORIGINAL CURRENT NEW
AMOUNT AMOUNT AMOUNT
$ 1,000 $ 1,000 $ 1,000
$ 39,950 $ 35,955 $ 35,955
FURTHER BE IT RESOLVED that the utilities are accepted for continual maintenance
as of February 28, 2006 subject to the two-year guarantee by the Developer per
Maintenance Bond No. 190-013-772M issued by Liberty Bond Services.
Adopted by the City Council on February 28, 2006.