HomeMy WebLinkAboutCity Council Resolution 2006-209CITY OF PLYMOUTH
RESOLUTION NO. 2006-209
ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
THE WOODS AT MEDICINE LAKE (2003089)
WHEREAS, in accordance with the development contract dated June 9, 2004, Quest
Development, Inc., developer of The Woods at Medicine Lake (2003089), 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:
ITEM
Street Constriction
Parking Stalls
Traffic Control
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale
Sod
Pond Constriction
Rain Garden
Street and Traffic Control Signs
Trail Improvements
Woodchip Trail
Landscaping (Plantings)
Buffer Posts
Site Grading and Drainage
Improvements
Setting Iron Monuments
Street Lights
Design, Administration,
Inspection, As-Builts
ORIGINAL
CURRENT
NEW
AMOUNT
AMOUNT
AMOUNT
$ 63,070
$ 63,070
$ -0-
1,820
1,820
-0-
2,500
2,500
-0-
65,511
32,756
-0-
89,450
44,725
-0-
24,922
12,461
-0-
2,000
2,000
1,200
4,000
4,000
4,000
3,000
3,000
3,000
300
300
300
1,120
1,120
500
8,150
8,150
1,630
30,000
30,000
15 000
900
900
500
310,918
62,184
31,000
2,700
2,700
2,700
1,500
1,500
1,500
73,423
32,782
7,360
$ 685,284
$ 305,968
$68,690
Resolution No. 2006-209
Page 2 of 2
That the required financial guarantee for the above items be reduced as detailed above
from $305,968 to 68,690 to reflect the completed work. Letter of Credit No. 1214 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
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning
Cash:
Letters of Credit No. 1215:
ORIGINAL NEW
AMOUNT AMOUNT
$ 1,000 $1,000
$ 7,250 $7,250
FURTHER BE IT RESOLVED that the storm sewer, watermain and sanitary sewer
constriction is accepted for continual maintenance as of April 25, 2006 subject to the
two-year guarantees by the Developer per Maintenance Bond Nos. 54158757 and
54158812 issued by United Fire and Casualty Company.
Adopted by the City Council on May 23, 2006.