HomeMy WebLinkAboutCity Council Resolution 2004-530CITY OF PLYMOUTH
RESOLUTION NO. 2004-530
ACCEPTANCE OF STREETS FOR CONTINUAL
MAINTENANCE SERENITY ON HADLEY LAKE (2002055)
WHEREAS, in accordance with the development contract dated October 28, 2002, Serenity Partners, LLC,
developer of Serenity on Hadley Lake (2002055), 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 be reduced as follows:
That the required financial guarantee for the above items be reduced as detailed above from $47,053 to
$21,112 to reflect the completed work. Letter of Credit No. 65 may be reduced accordingly.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction
$ 103,308
$ 20,662
$ -0-
Sanitary Sewer
74,626
-0-
-0-
Watermain
59,619
-0-
-0-
Storm Sewer
37,968
-0-
-0-
Boulevard and Drainage Swale Sod
2,200
2,200
2,200
Rain Garden Constriction
7,500
7,500
7,500
N[_]RP Pond Constriction
9,000
-0-
-0-
Retaining Wall
10,170
-0-
-0-
Street Signs (1 x 200)
200
-0-
-0-
Park and Trail Improvements
-0-
-0-
-0-
Site Grading and Drainage Improvements
80,522
10,000
7,500
Setting Iron Monuments
1,650
1,650
1,650
Design, Administration, Inspection, As-Builts
46,412
5,041
2,262
TOTAL
$ 433,175
$ 47,053
$ 21,112
That the required financial guarantee for the above items be reduced as detailed above from $47,053 to
$21,112 to reflect the completed work. Letter of Credit No. 65 may be reduced accordingly.
RESOLUTION NO. 2004-530
SERENITY ON HADLEY LAKE (2002055)
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 (see Grading Permit for
Financial Guarantee Requirements)
Cash:
ORIGINAL CURRENT NEW
AMOUNT AMOUNT AMOUNT
$ 3,900 $ 3,900 $ 3,900
FURTHER BE IT RESOLVED that the street constriction is accepted for continual maintenance as of
December 28, 2004 subject to the one-year guarantee by Northwest Asphalt, Inc. per maintenance Bond No.
54-14320 issued by United Fire and Casualty Company.
Adopted by the City Council on December 28, 2004.