HomeMy WebLinkAboutCity Council Resolution 2012-051CITY OF PLYMOUTH
RESOLUTION No. 2012-051
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE AND
AUTHORIZE REIMBURSEMENT FOR TRUNK UTILITIES
FOR STEEPLE HILL (2010098)
WHEREAS, in accordance with the development contract dated April 25, 2011, D.R.
Horton, Inc. -Minnesota, developer of Steeple Hill (2010098), 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; and
WHEREAS, the developer has installed the trunk utilities in accordance with the
development contract but actual costs were higher than estimated.
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 Constriction
$234,636
$ 117,318
Sanitary Sewer
180,023
45,005
Watermain
186,793
46,698
Storm Sewer System
119,466
29,866
Boulevard and Drainage Swale
9,475
9,475
Sod/Seed
Pond Constriction
15,000
15,000
County Road 47 Turn/Bypass Lane
82,741
82,741
Street & Traffic Control Signs
2,125
-0-
Sidewalk Improvements
21,056
10,528
Trail Improvements
19,191
9,595
Landscaping and Retaining Walls
71,115
17,778
Street Lights
15,000
-0-
Erosion Control and Seeding
46,072
46,072
Site Grading and Drainage
168,273
25,240
Improvements
Setting Iron Monuments
11,800
11,800
Tree Preservation/Reforestation 9,594 9,594
Wetland Mitigation and Restoration 5,100 5,100
Design, Administration, Inspection, 143,695 57,817
As-Bullts( 12%)
Total: $1,341,155 $539,627
That the required financial guarantee and Letter of Credit No. 5-19241 for the above items be
reduced from $1,341,155 to $539,627.
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. 5-19241.
FURTHER BE IT RESOLVED the estimated reimbursement for the trunk utilities was
$31,500 with a total reimbursement amount of $49,176. Final reimbursement amount of $49,176
to the developer is hereby approved and the City's Administrative Services Director is hereby
authorized to pay the same forthwith. Funding will be from the Trunk Utilities Fund.
Approved this 14th day of February, 2012.