HomeMy WebLinkAboutCity Council Resolution 2014-010CITY OF PLYMOUTH
RESOLUTION No. 2014-010
A RESOLUTION ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
FOR WOOD CREST OF PLYMOUTH 2ND ADDITION (2010094)
WHEREAS, in accordance with the development contract dated August 5, 2011,
Landmark 31 of Plymouth, LLC, developer of Wood Crest of Plymouth 2" a Addition (2010094),
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
$186,793
$ 93,000
$ 47,000
Sanitary Sewer
150,429
37,610
0
Abandon Existing Lift Station
7,000
0
0
Watermain
94,988
23,750
0
Storm Sewer System
96,885
24,225
0
Boulevard and Drainage Swale Sod
7,755
7,755
1,000
Pond Constriction
20,000
0
0
Filtration Basin Constriction
7,252
1,813
1,813
Street and Traffic Control Signs
1,430
0
0
Sidewalk Improvements
32,977
8,245
8,245
Trail Improvements
6,845
0
0
Landscaping (Irrigation)
750
0
0
Street Lights
25,000
0
0
Erosion Control and Seeding
8,487
8,487
5,000
Site Grading and Drainage
129,418
32,355
5,000
Improvements
Setting Iron Monuments
9,300
0
0
Tree Preservation/Reforestation
27,750
7,750
7,750
Wetland Mitigation/Restoration
11,600
2,900
2,900
Design, Administration, Inspection,
98,959
10,000
10,000
As-Bullts(12%)
Total:
$923,618
$257,890
$88,708
That the required financial guarantee and Letter of Credit No. 195 for the above items be reduced
from $257,890 to $88,708.
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 January 14, 2014, subject to the one-year guarantee by the Developer per Letter of Credit
No. 195.
Approved this 14th day of January, 2014.