HomeMy WebLinkAboutCity Council Resolution 2012-047CITY OF PLYMOUTH
RESOLUTION No. 2012-047
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
AND AUTHORIZE REIMBURSEMENT FOR TRUNK UTILITIES
FOR ARBOR GROVE 1 ST (2010059) AND
ARBOR GROVE 2ND ADDITION (201 1004)
WHEREAS, in accordance with the development contract dated May 4, 2011, The
Ryland Group, Inc, developer of Arbor Grove 1" (2010059) and Arbor Grove 2nd Addition
(2011004), 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
NEW
ITEM
AMOUNT
AMOUNT
Street Construction
$166,711
$166,711
Sanitary Sewer System
327,520
81,880
Watermain System
174,106
43,526
Storm Sewer System
68,776
17,194
Pond Construction
20,000
-0-
Rain Garden
10,000
10,000
Street and Traffic Control Signs
1,000
1,000
Sidewalk Improvements
16,280
4,070
Trail Improvements
4,662
1,655
Landscaping, Retaining Walls
55,000
34,100
Street Lighting
15,000
-0-
Erosion Control & Seeding &
16,366
12,275
Sodding
Site Grading & Drainage
270,437
40,565
Improvements
Setting Iron Monuments
6,600
6,600
Design, Admin., Insp., As-Builts
138,295
50,349
(12%)
TOTAL:
$1,290,753
$469,925
That the required financial guarantee and Letter of Credit No. CPCS-881473 for the above items
be reduced from $1,290,753 to $469,925.
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 CPCS-881476
ORIGINAL CURRENT
AMOUNT AMOUNT
$ 2,000 $ 2,000
$ 9,950 $9,950
FURTHER BE IT RESOLVED that the utilities are accepted for continuous maintenance
as of February 14, 2012, subject to the two-year guarantee by the Developer per Letter of Credit
No. CPCS-881473.
Approved this 14th day of February, 2012.