HomeMy WebLinkAboutCity Council Resolution 2014-012CITY OF PLYMOUTH
RESOLUTION No. 2014-012
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR O'DONNELL WOODS ADDITION (2012099)
WHEREAS, in accordance with the development contract dated January 22nd, 2013, T
Creek 3 Inc., developer of O'Donnell Woods Addition (2012099), 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 Construction
$167,570
$67,028
$67,028
Sanitary Sewer System
101,381
25,346
25,346
Watermain System
63,640
15,910
15,910
Storm Sewer System
63,100
15,775
15,775
Boulevard and Drainage Swale Sod
5,400
5,400
5,400
Pond Construction
20,000
15,000
15,000
Filtration Basins
3,000
2,250
2,250
Street and Traffic Control Signs
1,700
1,700
1,700
Sidewalk Improvements
18,100
18,100
5,400
Trail Improvements
10,000
10,000
10,000
Street Lighting
7,500
7,500
0
Erosion Control
10,000
10,000
7,500
Site Grading and Drainage Improvements
34,975
26,230
6,995
Setting Iron Monuments
4,600
4,600
0
Tree Preservation and Reforestation
10,000
10,000
0
Design, Admin., Insp., As-builts (12%)
41,677
28,180
28,180
TOTAL
$ 562,643
$263,019
$204,784
That the required financial guarantee for the above items be reduced as detailed above from
$263,019 to $204,784 to reflect the completed work. Letter of Credit No. 249 may be reduced
accordingly.
FURTHER BE IT RESOLVED that the utilities are accepted for continuous maintenance
as of January 14, 2014, subject to the two-year guarantee by the Developer per Letter of Credit
No. 249.
Approved this 14th day of January, 2014.