HomeMy WebLinkAboutCity Council Resolution 2014-379CITY OF PLYMOUTH
RESOLUTION No. 2014-379
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR STEEPLE HILL 2ND ADDITION (2013023)
WHEREAS, in accordance with the development contract dated August 13, 2013, GWS Land
Development of Plymouth, developer of Steeple Hill 2nd Addition (2013023), 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
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Construction
$393,585
$196,800
$ 157,434
Turning and By -Pass Lane
95,960
95,960
38,384
Sanitary Sewer
178,963
53,700
44,740
Watermain
192,180
57,700
48,045
Storm Sewer System
126,060
37,800
31,515
Boulevard and drainage Swale Sod
11,430
11,430
11,430
Retaining Walls
50,000
50,000
20,000
Street & Traffic Control Signs
2,250
2,250
0
Sidewalk Improvements
45,440
45,440
18,176
Landscaping
92,946
92,946
92,946
Erosion Control
3,000
3,000
3,000
Setting Iron Monuments
17,900
17,900
0
Removal of Temp. Turn-arounds
5,000
0
0
Wetland Mitigation/Restoration
13,200
0
13,200
Design, Administration, Inspection, As-
98,230
98,230
39,292
Builts(8%)
Total:
$1,326,114
$736,156
$518,162
That the required financial guarantee and Letter of Credit No. 1045 for the above items be reduced from
$736,156 to $518,162.
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
Removal of secondary access
ORIGINAL CURRENT
OW)l1NT OW)l1NT
Cash: $ 11,000 $ 11,000
FURTHER BE IT RESOLVED that the utilities are accepted for continuous maintenance as of
December 9, 2014, subject to the two-year guarantee by the Developer per Letter of Credit No. 1045.
APPROVED this 9th day of December, 2014.