HomeMy WebLinkAboutCity Council Resolution 2012-330CITY OF PLYMOUTH
RESOLUTION No. 2012-330
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR HAMPTON HILLS 4TH ADDITION (2012005)
WHEREAS, in accordance with the development contract dated April 10th, 2012,
Hampton Hills Investment, LLC, developer of Hampton Hills 4th Addition (2012005), 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
$354,887
$177,500
$177,500
Mill/Bit. Overlay - existing Juneau Lane
180,852
45,200
45,200
Sanitary Sewer System
497,470
248,700
124,367
Watermain System
242,386
121,200
60,596
Storm Sewer System
187,739
93,900
46,934
Boulevard Sod
6,854
6,854
6,854
Infiltration Basin
11,430
11,430
11,430
Street and Traffic Control Signs
2,800
0
0
Sidewalk Improvements
39,550
19,800
10,000
Trail Improvements
43,700
11,000
10,925
Landscaping -Retaining Walls
54,000
0
0
Street Lighting
40,000
0
0
Erosion Control and Silt Fence
5,000
5,000
5,000
Site Grading
4,700
4,700
4,700
Setting Iron Monuments
14,200
0
0
Tree Preservation and Reforestation
33,188
0
0
Wetland Mitigation and Restoration
61,000
61,000
61,000
Design, Admin., Insp., As-Builts (12%)
213,571
96,754
67,740
TOTAL
$ 1,993,327
$903,038
$632,246
That the required financial guarantee for the above items be reduced as detailed above from
$903,038 to $632,246 to reflect the completed work. Letter of Credit No. IS0012195 may be
reduced accordingly.
FURTHER BE IT RESOLVED that the utilities are accepted for continuous maintenance
as of November 13, 2012, subject to the two-year guarantee by the Developer per Letter of
Credit No. IS0012195.
Approved this 13t1' day of November, 2012.