HomeMy WebLinkAboutCity Council Resolution 2005-284CITY OF PLYMOUTH
RESOLUTION NO. 2005-284
FINAL RELEAST OF FINANCIAL GUARANTEES
HARVEST HILLS (2001023)
WHEREAS, in accordance with the development contract dated September 10, 2001 and revised on March
28, 2002, Town and Country Homes, developer of Harvest Hills (2001023), has agreed to install certain
improvements for said development; and
WHEREAS, the developer has completed the street, utility and site grading as noted below; and
WHEREAS, the developer has requested final release 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:
That the required financial guarantee for the above items be reduced as detailed above from $1,500 cash to
$0 (zero) to reflect the completed work.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction
$ 376,676
$ -0-
$ -0-
Schmidt Lake Road Street Constriction
195,886
-0-
-0-
Sanitary Sewer
179,572
-0-
-0-
Watermain
114,780
-0-
-0-
Watermain — Schmidt Lake Road
36,470
-0-
-0-
Watermain — Holly Lane
59,809
-0-
-0-
Storm Sewer
283,505
-0-
-0-
Boulevard and Drainage Swale Sod
9,400
-0-
-0-
Rain Garden
5,000
1,500
-0-
N[_]RP Pond Constriction
73,770
-0-
-0-
Street Signs (2 x 200)
400
-0-
-0-
Concrete Sidewalk
35,249
-0-
-0-
Park and Trail Improvements
22,069
-0-
-0-
Site Grading and Drainage Improvements
287,969
-0-
-0-
Setting Iron Monuments
8,000
-0-
-0-
Design, Administration, Inspection, As-Builts
202,627
-0-
-0-
TOTAL
$ 1,891,182
$ 1,500
$-0-
That the required financial guarantee for the above items be reduced as detailed above from $1,500 cash to
$0 (zero) to reflect the completed work.
RESOLUTION NO. 2005-284
HARVEST HILLS (2001023)
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:
Financial Guarantee:
Adopted by the City Council on July 26, 2005.
ORIGINAL CURRENT NEW
AMOUNT AMOUNT AMOUNT
$ 1,000 $1,000 $-0-
$-0-
-0-
$-0- $ -0-