HomeMy WebLinkAboutCity Council Resolution 2013-260CITY OF PLYMOUTH
RESOLUTION No. 2013-260
A RESOLUTION ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
FOR TARYN HILLS 10T" ADDITION (2010072)
WHEREAS, in accordance with the development contract dated October 5th, 2010, U.S. Home
Corporation, developer of Taryn Hills 10th Addition (2010072), 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
$ 250,754
$ 150,452
$ 63,000
Sanitary Sewer System
42,405
-0-
-0-
Watermain System
37,905
-0-
-0-
Storm Sewer System
22,889
-0-
-0-
Blvd & Drainage Swale Sod, Silt Fence
3,000
3,000
1,000
Sidewalk Improvements
26,800
13,400
-0-
Street Lighting
5,000
-0-
-0-
Setting Iron Monuments
2,900
-0-
-0-
Design, Admin., Insp., As-Builts
46,998
12,000
5,000
TOTAL
$ 438,651 $ 178,852 $ 68,000
That the required financial guarantee for the above items be reduced as detailed above from $178,852 to
$68,000 to reflect the completed work. Letter of Credit No. S-18996 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:
ORIGINAL CURRENT
ITEM AMOUNT AMOUNT
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning
Cash: $ 2,000 -0-
FGAC-07095: $ 8,785 -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-18996.
Approved this 13th day of August, 2013.