HomeMy WebLinkAboutCity Council Resolution 2004-467CITY OF PLYMOUTH
RESOLUTION NO. 2004-467
ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
PAULA'S PLACE (2001017)
WHEREAS, in accordance with the development contract dated July 10, 2002, Three Star Tricking,
developer of Paula's Place (2001017), 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:
That the required financial guarantee for the above items be reduced as detailed above from $45,665 to
$28,872 to reflect the completed work. Letter of Credit No. 2002-10 may be reduced accordingly.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction
$ 74,965
$ 14,993
-0-
Sanitary Sewer
34,687
-0-
-0-
Watermain
26,720
-0-
-0-
Storm Sewer
24,024
-0-
-0-
Boulevard and Drainage Swale Sod
1,500
1,500
1,500
Pond Constriction
-0-
-0-
-0-
Mitigation Pond Constriction
4,500
4,500
4,500
N [_]RP Pond Constriction
-0-
-0-
-0-
Street Signs (1 x 200)
200
-0-
-0-
Park and Trail Improvements
-0-
-0-
-0-
Site Grading and Drainage Improvements
67,115
16,779
16,779
Setting Iron Monuments
3,000
3,000
3,000
Design, Administration, Inspection, As-Builts
28,405
4,893
3,093
TOTAL
$ 265,116
$ 45,665
$28,872
That the required financial guarantee for the above items be reduced as detailed above from $45,665 to
$28,872 to reflect the completed work. Letter of Credit No. 2002-10 may be reduced accordingly.
RESOLUTION NO. 2004-467
PAULA'S PLACE (2001017)
Page Two
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:
ITEM
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning
Cash:
Letter of Credit No. 2002-3:
ORIGINAL NEW
AMOUNT AMOUNT
$ 1,000 $ 1,000
$ 4,250 $ 4,250
BE IT FURTHER RESOLVED that the street constriction is accepted for continual maintenance as of
November 9, 2004, subject to the one-year guarantee by the Developer per Letter of Credit No. 2004-8
issued by the State Bank of Rogers.
Adopted by the City Council on November 9, 2004.