HomeMy WebLinkAboutCity Council Resolution 2006-347CITY OF PLYMOUTH
RESOLUTION NO. 2006-347
ACCEPTANCE OF STREETS & UTILITIES FOR CONTINUAL MAINTENANCE
TIMBER CREEK CROSSING 2ND ADDITION (2004101)
WHEREAS, in accordance with the development contract dated October 13, 2004, US Home Corporation,
developer of Timber Creek Crossing 2" a Addition (2004101), has agreed to install certain improvements for
said development; and
WHEREAS, the developer has completed street and utility work as noted below; and
WHEREAS, the developer has requested acceptance of the streets and utilities for continual maintenance;
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:
That the required financial guarantee for the above items be reduced as detailed above from $661,864 to
$143,740 to reflect the completed work. Letter of Credit No. FGAC-04328 may be reduced accordingly.
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Constriction
$165,725
$ -0-
Sanitary Sewer
87,404
-0-
Watermain
134, 805
-0-
Storm Sewer
74,676
-0-
Boulevard and Drainage Swale Sod
5,220
5,220
Rain Garden
1,500
1,500
Street and Traffic Control Signs
3,500
3,500
Sidewalk Improvements
16,080
16,080
Trail Improvements
13,240
13,240
Landscaping
80,000
80,000
Buffer Posts
1,200
1,200
Setting Iron Monuments
4,600
4,600
Street Lights
3,000
3,000
Design, Administration, Inspection, As-
Builts
70,9214
15,400
TOTAL
$ 661,864
$ 143,740
That the required financial guarantee for the above items be reduced as detailed above from $661,864 to
$143,740 to reflect the completed work. Letter of Credit No. FGAC-04328 may be reduced accordingly.
RESOLUTION NO. 2006-347
TIMBER CREEK CROSSING 2"a (2004101)
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 (see Grading Permit for Financial
Guarantee Requirements)
Cash:
Financial Guarantee: LC 04326
ORIGINAL NEW
AMOUNT AMOUNT
$ 1,000 $ 1,000
$ 5,100 $ 5,100
FURTHER BE IT RESOLVED that the utility constriction is accepted for continual maintenance as of
September 12, 2006 subject to the two-year guarantee by the Developer per Maintenance Bond No. FS
7012176 issued by Great American Insurance Company.
FURTHER BE IT RESOLVED that the street constriction is accepted for continual maintenance as of
September 12, 2006 subject to the one-year guarantee by the Developer per Maintenance Bond No. FS
7011167 issued by Great American Insurance Company.
Adopted by the City Council on September 12, 2006.