HomeMy WebLinkAboutCity Council Resolution 2013-354CITY OF PLYMOUTH
RESOLUTION No. 2013-354
A RESOLUTION ACCEPTING STREETS
FOR TARYN HILLS 3RD ADDITION (2006057)
WHEREAS, in accordance with the development contract dated July 27, 2010, U.S. Home
Corporation, developer of Taryn Hills -1 Addition (2006057), 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
Street Constriction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Sidewalk Improvements
Buffer Posts
Site Grading and Drainage Improvements
Setting Iron Monuments
Street Lighting
Design, Administration, Inspection, As-
Builts (12%)
Total
ORGINAL
CURRENT
NEW
AMOUNT
AMOUNT
AMOUNT
$107,961
$27,000
-0-
39,261
0
-0-
35,773
0
-0-
28,555
0
-0-
2,400
0
-0-
15,410
3,852
-0-
1,200
0
-0-
25,000
0
-0-
2,700
0
-0-
4,800
0
-0-
31,567
3,700
-0-
$294,627
$34,552
-0-
That the required financial guarantee for the above items be reduced as detailed above from $294,627 to $0
to reflect the completed work. Letter of Credit No. S-18910 may be reduced accordingly and released.
Resolution No. 2013-354
Page 2 of 2
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:
ORIGINAL NEW
ITEM AMOUNT AMOUNT
Cash Deposit for Erosion Control $ 1,000 $ 0
Letter of Credit No. FGAC-07095 for Erosion $ 4,955 $ 0
Control:
FURTHER BE IT RESOLVED that the streets are accepted.
Approved this 12th day of November, 2013.