HomeMy WebLinkAboutCity Council Resolution 2006-274CITY OF PLYMOUTH
RESOLUTION NO. 2006-274
ACCEPTANCE OF UTILITIES FOR CONTINUAL MAINTENANCE
BRIDGEPORT (2003046)
WHEREAS, in accordance with the development contract dated December 11, 2003, LeGran Homes, Inc.,
developer of Bridgeport (2003046), 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:
The required financial guarantee for the above items may be reduced as detailed above from $113,555 to
$79,462 to reflect the completed work. Letter of Credit No. 202 may be reduced accordingly by the Finance
Department.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction
$ 57,817
$ 11,563
$ 11,563
Sanitary Sewer
29,200
5,840
-0-
Watermain
40,000
8,000
-0-
Storm Sewer
83,000
16,600
-0-
Boulevard and Drainage Swale Sod
2,000
1,500
1,500
Pond Constriction
20,000
4,000
4,000
Rain Garden
7,635
7,635
7,635
Street and Traffic Control Signs
25,000
350
350
Sidewalk Improvements
15,000
15,000
15,000
Trail Improvements
-0-
-0-
-0-
Landscaping
-0-
-0-
-0-
Site Grading and Drainage Improvements
213,016
30,000
30,000
Setting Iron Monuments
900
900
900
Barn Demolition
5,933
-0-
-0-
Wall Demolition
2,753
-0-
-0-
Design, Administration, Inspection, As-Builts
57,312
12,167
8,514
TOTAL
$ 534,916
$ 113,555
$ 79,462
The required financial guarantee for the above items may be reduced as detailed above from $113,555 to
$79,462 to reflect the completed work. Letter of Credit No. 202 may be reduced accordingly by the Finance
Department.
RESOLUTION NO. 2006-274
BRIDGEPORT (2003046)
Page Two
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:
ORIGINAL NEW
AMOUNT AMOUNT
$ 1,000 $ 1,000
FURTHER BE IT RESOLVED that the utility constriction is accepted for continual maintenance as of July
1, 2006 subject to the two-year guarantee by the Developer per Maintenance Bond No. 929383958 issued by
CNA Surety.
Adopted by the City Council on July 11, 2006.