HomeMy WebLinkAboutCity Council Resolution 2013-370CITY OF PLYMOUTH
RESOLUTION No. 2013-370
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR SPRING MEADOWS 2ND ADDITION (201 1019)
WHEREAS, in accordance with the development contract dated August 11, 2011,
O'Donnell Woods, LLC, developer of Spring Meadows 2" a Addition (2011019), 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
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction
$372,412
$ 93,100
$ 93,100
Sanitary Sewer
174,716
43,679
-0-
Watermain
193,175
48,298
-0-
Storm Sewer System
102,309
25,577
-0-
Boulevard and Drainage Swale
10,446
10,446
5,223
Sod/Seed
Pond Constriction
20,000
5,000
5,000
Filtration Basin Constriction
7,773
-0-
-0-
Street & Traffic Control Signs
3,370
840
840
Sidewalk Improvements
46,735
11,700
11,700
Street Lights
40,000
-0-
-0-
Erosion Control and Seeding
29,835
14,917
14,917
Site Grading and Drainage
160,175
40,044
40,044
Improvements
Setting Iron Monuments
13,000
-0-
-0-
Tree Preservation/Reforestation
20,687
-0-
-0-
Design, Administration, Inspection,
143,355
35,232
35,232
As-Bullts(12%)
Total:
$1,337,988
$328,829
$206,056
That the required financial guarantee and Letter of Credit No. 207 for the above items be reduced
from $462,007 to $339,234, which includes security for Dunkirk Lane Reconstruction in the
amount of $133,178.
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: $ 1,000 $ 1,000
FURTHER BE IT RESOLVED that the streets are accepted for continuous maintenance
as of November 26, 2013, subject to the one-year guarantee by the Developer per Letter of Credit
No. 207.
Approved this 26th day of November, 2013.