HomeMy WebLinkAboutCity Council Resolution 2014-088CITY OF PLYMOUTH
RESOLUTION No. 2014-088
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR TERRA VISTA 2ND (2013008)
WHEREAS, in accordance with the development contract dated April 19, 2013, GWS
Land Development of Plymouth, LLC, developer of Terra Vista 2nd (2013008), 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
hereby reduced as follows:
That the required financial guarantee and Letter of Credit No. 241 for the above items be reduced
from $610,597 to $477,883.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Construction
$298,407
$179,007
$179,007
Sanitary Sewer System
150,806
37,701
37,701
Watermain System
155,005
38,751
38,751
Storm Sewer System
98,899
24,725
24,725
Dunkirk Lane (Storm and
Watermain)
161,092
161,092
112,764
Street and Traffic Control Signs
3,950
3,950
0
Sidewalk Improvements
43,040
43,040
25,800
Trail Improvements
6,100
6,100
3,700
Street Lighting
18,000
18,000
0
Erosion Control and Boulevard Sod
12,710
12,710
12,710
Retaining Walls and Drainage
4,000
4,000
4,000
Setting Iron Monuments
16,100
16,100
0
Design, Admin., Insp., As-Builts
77,449
65,421
38,725
Total:
$1,045,558
$610,597
$477,883
That the required financial guarantee and Letter of Credit No. 241 for the above items be reduced
from $610,597 to $477,883.
FURTHER BE IT RESOLVED, that the financial guarantee requirements for the
following items in the approved Development Contract remain as follows:
ORIGINAL CURRENT NEW
ITEM AMOUNT AMOUNT AMOUNT
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and
Storm
Sewer Cleaning
Cash: $ 1,000 $ 1,000 $ 1,000
FURTHER BE IT RESOLVED, that the utilities are accepted for continuous
maintenance as of March 25th, 2014, subject to the two-year guarantee by the Developer per
Letter of Credit No. 241.
APPROVED this 25th day of March, 2014