HomeMy WebLinkAboutCity Council Resolution 2012-281CITY OF PLYMOUTH
RESOLUTION NO. 2012-281
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR TARYN HILLS 1 1T" ADDITION (2010080)
WHEREAS, in accordance with the development contract dated November 16th, 2010, U.S. Home
Corporation, developer of Taryn Hills 11th Addition (2010080), 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:
That the required financial guarantee for the above items be reduced as detailed above from $513,912 to
$226,730 to reflect the completed work. Letter of Credit No. S-19065 may be reduced accordingly.
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Constriction
$ 208,773
$ 104,400
Sanitary Sewer System
61,174
15,293
Watermain System
58,000
14,500
Storm Sewer System
46,978
11,745
Rain Garden
3,000
3,000
Blvd & Drainage Swale Sod, Silt Fence
9,000
9,000
Street and Traffic Control Signs
1,800
0
Sidewalk Improvements
38,925
19,500
Street Lighting
25,000
25,000
Setting Iron Monuments
6,200
0
Design, Admin., Insp., As-Builts
55,062
24,292
TOTAL
$ 513,912
$ 226,730
That the required financial guarantee for the above items be reduced as detailed above from $513,912 to
$226,730 to reflect the completed work. Letter of Credit No. S-19065 may be reduced accordingly.
Resolution No. 2011-280
Page 2 of 2
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
Cash
Letter of Credit S-19064
ORIGINAL CURRENT
AMOUNT AMOUNT
$ 2,000 $ 2,000
$ 15,490 $ 15,490
FURTHER BE IT RESOLVED that the utilities are accepted for continuous maintenance
as of September 18, 2012, subject to the two-year guarantee by the Developer per Letter of
Credit No. S-19065.
Approved this 18th day of September, 2012.