HomeMy WebLinkAboutCity Council Resolution 2013-259CITY OF PLYMOUTH
RESOLUTION No. 2013-259
A RESOLUTION ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
FOR TARYN HILLS 9T" ADDITION (2010012)
WHEREAS, in accordance with the development contract dated March 24th, 2010, U.S. Home
Corporation, developer of Taryn Hills 9th Addition (2010012), 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 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:
ITEM
ORIGINAL CURRENT NEW
AMOUNT AMOUNT AMOUNT
Street Construction
$ 190,800
$ 114,480
$ 48,000
Sanitary Sewer System
39,801
-0-
- 0-
Watermain System
45,205
-0-
-0-
Storm Sewer System
9,694
-0-
-0-
Blvd & Drainage Swale Sod, Silt Fence
1,400
-0-
-0-
Street and Traffic Control Signs
2,025
-0-
-0-
Site Grading & Drainage Improvements
6,000
-0-
-0-
Setting Iron Monuments
9,900
-0-
-0-
Design, Admin., Insp., As-Builts
35,979
13,730
5,000
TOTAL
$ 335,804 $ 128,210 $ 53,000
That the required financial guarantee for the above items be reduced as detailed above from $128,210 to
$53,000 to reflect the completed work. Letter of Credit No. S-18766 may be reduced accordingly.
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
ORIGINAL CURRENT
AMOUNT AMOUNT
Cash: $ 2,000 -0-
S-18766: $ 1,030 -0-
FURTHER BE IT RESOLVED that the streets are accepted for continuous maintenance as of
August 13, 2013, subject to the one-year guarantee by the Developer per Letter of Credit No. S-18766.
Approved this 13th day of August, 2013.