HomeMy WebLinkAboutCity Council Resolution 2012-258CITY OF PLYMOUTH
RESOLUTION No. 2012-258
A RESOLUTION ACCEPTING UTILITIES
FOR HAMPTON HILLS 3RD (201 1002)
WHEREAS, in accordance with the development contract dated June 22, 2011, Hampton
Hills Investments, LLC, developer of Hampton Hills -1 Addition (2011022), 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:
ITEM
Street Constriction
Sanitary Sewer
Watermain
Storm Sewer System
Boulevard and Drainage Swale Sod
Pond Constriction
Infiltration Basin
Street & Traffic Control Signs
Sidewalk Improvements
Trail Improvements
Landscaping, Irrigation
Street Lighting
Erosion Control & Seeding
Site Grading
Setting Iron Monuments
Tree Pres. & Reforestation
Wetland Mitigation & Restoration
Design, Administration, Inspection,
As-Bullts(12%)
Total:
ORIGINAL
CURRENT
NEW
AMOUNT
AMOUNT
AMOUNT
$214,184
$107,092
$107,092
109,414
38,295
38,295
74,853
26,199
26,199
117,210
41,024
41,024
8,935
8,042
7,500
15,000
3,750
3,750
10,410
7,808
2,602
2,350
2,350
0
28,360
19,852
7,090
18,560
18,560
9,280
100,890
0
0
25,000
0
0
20,284
5,071
5,071
89,400
26,820
22,350
14,300
7,150
0
16,094
16,094
16,094
85,000
85,000
85,000
$114,029
$45,612
$44,560
$1,064,273
$458,719
$415,907
That the required financial guarantee and Letter of Credit No. IS0001003 for the above items be
reduced from $458,719 to $415,907.
FURTHER BE IT RESOLVED that the utilities are accepted for continuous maintenance
as of August 28, 2012, subject to the two-year guarantee by the Developer per Letter of Credit
No. IS0001003.
Approved this 28th day of August 2012.