HomeMy WebLinkAboutCity Council Resolution 2012-295CITY OF PLYMOUTH
RESOLUTION No. 2012-295
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR ARBOR GROVE 1 ST (2010059)
WHEREAS, in accordance with the development contract dated May 4, 2011, The
Ryland Group, Inc, developer of Arbor Grove 1" (2010059), 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 Constriction
$166,711
$166,711
$41,677
Sanitary Sewer System
327,520
81,880
81,880
Watermain System
174,106
43,526
43,526
Storm Sewer System
68,776
17,194
17,194
Pond Constriction
20,000
-0-
-0-
Rain Garden
10,000
10,000
10,000
Street and Traffic Control Signs
1,000
1,000
1,000
Sidewalk Improvements
16,280
4,070
4,070
Trail Improvements
4,662
1,655
1,655
Landscaping, Retaining Walls
55,000
34,100
25,900
Street Lighting
15,000
-0-
-0-
Erosion Control & Seeding &
16,366
12,275
8,183
Sodding
Site Grading & Drainage
270,437
40,565
40,565
Improvements
Setting Iron Monuments
6,600
6,600
-0-
Design, Admin., Insp., As-Builts
138,295
50,349
33,078
(12%)
TOTAL:
$1,290,753
$469,925
$308,728
That the required financial guarantee and Letter of Credit No. CPCS-881475 for the above items
be reduced from $469,925 to $308,728.
FURTHER BE IT RESOLVED that the financial guarantee requirements for the
following items per Section 8.1 of the approved Development Contract reduced as follows:
ITEM
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and
Storm
Sewer Cleaning
Cash:
Letter of Credit CPCS-881476
Wetland Mitigation
ORIGINAL NEW
AMOUNT AMOUNT
$ 2,000 $ 2,000
$ 9,950 $9,950
$ 25,500 $12,750
FURTHER BE IT RESOLVED that the streets are accepted for continuous maintenance
as of October 9, 2012, subject to the one-year guarantee by the Developer per Letter of Credit
No. CPCS-881475.
Approved this 9th day of October, 2012.