HomeMy WebLinkAboutCity Council Resolution 2013-335CITY OF PLYMOUTH
RESOLUTION No. 2013-335
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR HAMPTON HILLS SOUTH PLATEAU (201 1097)
WHEREAS, in accordance with the development contract dated May 14th, 2012,
Hampton Hills Investment, LLC, developer of Hampton Hills South Plateau Addition (2011097),
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 are
reduced as follows:
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Construction
$ 491,955
$ 122,989
Sanitary Sewer System
234,429
58,608
Watermain System
250,621
62,656
Storm Sewer System
167,976
41,994
Blvd & Drainage Swale Sod, Silt Fence
2,500
2,000
Infiltration Basin
29,460
7,365
Street and Traffic Control Signs
3,400
-0-
Sidewalk Improvements
47,200
11,800
Landscaping (Retaining Walls)
2,640
-0-
Street Lights
50,000
-0-
Erosion Control and Seeding
11,950
2,988
Site Grading
5,975
-0-
Setting Iron Monuments
15,200
-0-
Tree Pres. & Reforestation
88,922
-0-
Design, Admin., Insp., As-Builts
168,267
10,000
TOTAL
$ 1,570,495
$ 326,375
That the required financial guarantee for the above items be reduced as detailed above
from $1,570,495 to $326,375 to reflect the completed work. Letter of Credit No.
IS0012199 may be reduced.
FURTHER BE IT RESOLVED that the financial guarantee requirements for the
following items per Section 9 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: $ 1,000 $ 1,000
FURTHER BE IT RESOLVED that the utilities are accepted for continuous maintenance
as of October 22, 2013, subject to the two-year guarantee by the Developer per Letter of Credit
No. IS0012199.
Approved this 22nd day of October, 2013.