HomeMy WebLinkAboutCity Council Resolution 2012-345CITY OF PLYMOUTH
RESOLUTION No. 2012-345
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR TAYLOR CREEK 4T" ADDITION (2012043)
WHEREAS, in accordance with the development contract dated August 22"a, 2012,
Hampton Hills Investment, LLC, developer of Taylor Creek 4th (2012043), 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 and Letter of Credit No. IS0014155 for the above
items be reduced from $217,900 to $81,872.
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Constriction
$76,308
$38,200
Sanitary Sewer
50,372
12,600
Watermain
36,845
9,300
Storm Sewer
5,754
1,500
Street & Traffic Control Signs
850
0
Trail Improvements
6,375
1,600
Sidewalk Improvements
8,800
4,400
Street Lights
3,750
0
Erosion Control and Sod
4,000
4,000
Setting Iron Monuments
1,500
1,500
Design, Administration, Inspection, As-Builts
23,346
8,772
TOTAL
$217,900
$81,872
That the required financial guarantee and Letter of Credit No. IS0014155 for the above
items be reduced from $217,900 to $81,872.
Resolution No. 2012-345
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 Letter of
Credit No. IS0014155.
Approved this 27th day of November, 2012.