HomeMy WebLinkAboutCity Council Resolution 2004-016CITY OF PLYMOUTH
RESOLUTION NO. 2004-016
ACCEPTANCE OF UTILITIES FOR CONTINUAL MAINTENANCE
SERENITY ON HADLEY LAKE (2002055)
WHEREAS, in accordance with the development contract dated October 28, 2002, Serenity Partners, LLC,
developer of Serenity on Hadley Lake (2002055), 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 remain as follows:
That the required financial guarantee for the above items be reduced as detailed above from $85,855 to
$47,053 to reflect the completed work. Letter of Credit No. 65 may be reduced accordingly.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction
$ 103,308
$ 20,662
$ 20,662
Sanitary Sewer
74,626
14,926
-0-
Watermain
59,619
11,924
-0-
Storm Sewer
37,968
7,594
-0-
Boulevard and Drainage Swale Sod
2,200
2,200
2,200
Rain Garden Constriction
7,500
7,500
7,500
N[_]RP Pond Constriction
9,000
-0-
-0-
Retaining Wall
10,170
-0-
-0-
Street Signs (1 x 200)
200
200
-0-
Park and Trail Improvements
-0-
-0-
-0-
Site Grading and Drainage Improvements
80,522
10,000
10,000
Setting Iron Monuments
1,650
1,650
1,650
Design, Administration, Inspection, As-Builts
46,412
91199
5,041
TOTAL
$ 433,175
$ 85,855
$ 47,053
That the required financial guarantee for the above items be reduced as detailed above from $85,855 to
$47,053 to reflect the completed work. Letter of Credit No. 65 may be reduced accordingly.
RESOLUTION NO. 2004-016
SERENITY ON HADLEY LAKE (2002055)
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
ORIGINAL CURRENT NEW
AMOUNT AMOUNT AMOUNT
$ -0- $ -0- $-0-
$-0-
-0-
$-0- $ -0- $ -0-
FURTHER BE IT RESOLVED that the watermain, sanitary sewer, and storm sewer are accepted for
continual maintenance as of January 13, 2004 subject to the two year guarantee by Northwest Asphalt, Inc.
per maintenance Bond No. 54-143201 issued by United Fire and Casualty Company
Adopted by the City Council on January 13, 2004.