HomeMy WebLinkAboutCity Council Resolution 2006-158CITY OF PLYMOUTH
RESOLUTION NO. 2006-158
ACCEPTANCE OF STREETS AND UTILITIES FOR
CONTINUAL MAINTENANCE SUNRISE MARSH (2002012)
WHEREAS, in accordance with the development contract dated September 4, 2002, 3Z Holdings, LLC,
developer of Sunrise Marsh (2002012), 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:
ITEM
Street Constriction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond 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-Builts
TOTAL
ORIGINAL
CURRENT
NEW
AMOUNT
AMOUNT
AMOUNT
$ 41,892
$ 8,378
$ 8,378
35,600
7,120
7,120
53,400
10,680
10,680
114,000
22,800
22,800
5,000
2,500
1,200
-0-
-0-
-0-
4,000
4,000
4,000
7,000
1,400
1,400
200
200
-0-
9,500
9,500
9,500
24,000
12,000
3,000
2,500
2,500
2,500
35,651
9,729
8,469
$ 332,743
$90,807
$ 79,047
That the required financial guarantee for the above items be reduced as detailed above from $90,807 to
$79,047 to reflect the completed work. Letter of Credit No. 332 may be reduced accordingly.
RESOLUTION NO. 2006-158
SUNRISE MARSH (2002012)
Page Two
FURTHER BE IT RESOLVED that the financial guarantee requirements for the following items per Section
8.1 of the approved development contract be reduced as follows:
ITEM
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning (see Grading Permit for
Financial Guarantee Requirements)
Cash:
Curb Cut Financial Guarantee
Cash:
ORIGINAL CURRENT NEW
AMOUNT AMOUNT AMOUNT
$ 11,500
$5,500
$ 11,500 $ 11,500
$5,500 -0-
FURTHER, that the utility constriction is accepted for continual maintenance as of April 11, 2006 subject to
the two-year guarantee by the Developer per the $40,600 being held as part of Letter of Credit No. 332 under
the three utility items.
FURTHER, that the street constriction is accepted for continual maintenance as of April 11, 2006 subject to
the one-year guarantee by the Developer per the $8,378 being held as part of Letter of Credit No. 332 under
the street constriction item.
Adopted by the City Council on April 11, 2006.