HomeMy WebLinkAboutCity Council Resolution 2014-383CITY OF PLYMOUTH
RESOLUTION No. 2014-383
A RESOLUTION ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
FOR HAMPTON HILLS SOUTH PLATEAU ADDITION (201 1097)
WHEREAS, in accordance with the development contract dated May 14, 2012, Hampton Hill
Investment, LLC, developer of Hampton Hills South Plateau Addition (2011097), 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
$ 491,955
$ 122,989
$ 122,989
Sanitary Sewer System
234,429
58,608
58,608
Watermain System
250,621
62,656
62,656
Storm Sewer System
167,976
41,994
41,994
Blvd & Drainage Swale Sod, Silt Fence
2,500
2,000
625
Infiltration Basin
29,460
7,365
2,946
Street and Traffic Control Signs
3,400
0
0
Sidewalk Improvements
47,200
11,800
0
Landscaping (Retaining Walls)
2,640
0
0
Street Lights
50,000
0
0
Erosion Control and Seeding
11,950
2,988
2,988
Site Grading
5,975
0
0
Setting Iron Monuments
15,200
0
0
Tree Pres. & Reforestation
88,922
0
0
Design, Admin., Insp., As-Builts
168,267
10,000
10,000
Total:
$1,570,495
$326,375
$302,806
That the required financial guarantee and Letter of Credit No. IS0012199 for the above items be reduced
from $326,375 to $302,806.
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 streets are accepted for continuous maintenance as of
December 9, 2014, subject to the one-year guarantee by the Developer per Letter of Credit No.
150012199.
APPROVED this 9th day of December, 2014.