HomeMy WebLinkAboutCity Council Resolution 2005-066CITY OF PLYMOUTH
RESOLUTION NO. 2005-066
REIMBURSING DEVELOPER FOR
CONSTRUCTION OF PUBLIC IMPROVEMENTS
TIMBER CREEK CROSSING (2001114)
WHEREAS, in accordance with the development contract dated November 13, 2002, Orrin
Thompson Homes, Inc., developer of Timber Creek Crossing (2001114), has agreed to install
certain improvements for said development;
WHEREAS, as part of this development, the developer was required to constrict public
improvements including the widening of the Schmidt Lake Road, larger watermain, a trail
along Schmidt Lake Road, Garland Lane, and 51st Avenue, and a bridge embankment for the
Schmidt Lake Road bridge; and
WHEREAS, the City is responsible for incremental cost of the public improvements above
that which is the responsibility of the developer under the City Assessment Policy; and
WHEREAS, The engineer for the Orrin Thompson Homes, Inc. development has certified
that the work to date complies with the approved plans and specifications; and
WHEREAS, the utilities and streets were accepted for continual maintenance at the August
12, 2003 and December 13, 2003 City Council meetings, respectively; and
WHEREAS, it is appropriate to make a payment at this time;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PLYMOUTH, MINNESOTA: That the developer, Orrin Thompson Homes, Inc.,
is to be reimbursed in the amount of $250,976.48 as payment for the constriction of the
public improvements including streets, watermain, trail constriction and a bridge
embankment and in accordance with the development contract and City Policy.
BE IT FURTHER RESOLVED that this payment in the amount of $250,976.48 be allocated
according to the following table:
Adopted by the City Council on February 22, 2005.
Payment
City Fund
Schmidt Lake Road Widening
$43,675.18
MSA Fund
Watermain
$26,544.00
Utility Trunk Fund
Bridge Embankment
$179,999.30
MSA Fund
Trails
$758.00
Park Dedication Fund
Adopted by the City Council on February 22, 2005.