HomeMy WebLinkAboutCity Council Resolution 2014-381CITY OF PLYMOUTH
RESOLUTION No. 2014-381
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR WOOD CREST HILLS ADDITION (2013017)
WHEREAS, in accordance with the development contract dated April 23, 2013, Hanson
Companies, LLC, developer of Wood Crest Hills Addition (2013017), 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
$180,600
$54,180
$ 54,180
Sanitary Sewer
69,506
20,852
17,377
Watermain
88,540
26,562
22,135
Storm Sewer System
93,800
28,140
23,450
Boulevard and Drainage Swale Sod
5,500
5,500
0
Retaining Walls
40,000
30,000
0
Pond Construction
10,000
7,500
5,000
Turning and By -Pass Lanes
108,100
32,430
32,430
Street & Traffic Control Signs
1,800
1,800
0
Sidewalk Improvements
21,600
21,600
5,400
Street Lighting
11,250
11,250
0
Erosion Control
1,100
1,100
550
Site Grading and Drainage
30,000
15,000
4,500
Improvements
Setting Iron Monuments
11,600
11,600
0
Tree Preservation/Reforestation
6,219
1,554
1,554
Design, Administration, Inspection, As-
54,369
13,593
6,796
Builts(8%)
Total:
$733,984
$282,661
$173,372
That the required financial guarantee and Letter of Credit No. 245 for the above items be reduced from
$282,661 to $173,372.
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
ORIGINAL CURRENT
OW)l1NT OW)l1NT
Cash: $ 1,000 $ 1,000
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. 245.
APPROVED this 9th day of December, 2014.