HomeMy WebLinkAboutCity Council Resolution 2012-344CITY OF PLYMOUTH
RESOLUTION No. 2012-344
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR TAYLOR CREEK 3RD ADDITION (2012042)
WHEREAS, in accordance with the development contract dated July 27, 2012, T Creek
3, Inc, developer of Taylor Creek 4t1' (2012042), 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 be reduced from $323,194 to $220,588.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction
$187,880
$93,940
$93,940
Sanitary Sewer
86,609
43,304
21,700
Watermain
178,600
89,300
44,700
Storm Sewer
67,854
33,927
17,000
Street & Traffic Control Signs
1,450
1,450
0
Sidewalk Improvements
21,900
21,900
11,000
Street Lights
7,125
7,125
0
Erosion Control and Sod
5,890
2,945
2,945
Setting Iron Monuments
5,900
5,900
5,900
Design, Administration, Inspection, As-
67,584
23,403
23,403
Bullts
TOTAL
$630,792
$323,194
$220,588
That the required financial guarantee be reduced from $323,194 to $220,588.
Resolution No. 2012-344
Page 2 of 2
FURTHER BE IT RESOLVED that the financial guarantee requirements for the
following items per Section 29 of the approved Development Contract remain as follows:
ORIGINAL CURRENT
ITEM AMOUNT AMOUNT
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning
Cash: $ 1,000 $ 1,000
FURTHER BE IT RESOLVED that the utilities are accepted for continuous
maintenance as of November 27, 2012 subject to the two-year guarantee by the Developer per
Cash Deposit receipt number R201203102.
Approved this 27th day of November, 2012.