HomeMy WebLinkAboutCity Council Resolution 2013-007CITY OF PLYMOUTH
RESOLUTION No. 2013-007
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR TERRA VISTA (201 1095)
WHEREAS, in accordance with the development contract dated June 11, 2012, GWS
Land Development of Plymouth, LLC, developer of Terra Vista (2011095), 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:
ITEM
Street Constriction
County Road 47 Turn/Bypass Lane
Sanitary Sewer
Watermain
Storm Sewer System
Boulevard and Drainage Swale
Sod/Seed
Pond Constriction
Infiltration Basins
Retaining Walls
Street & Traffic Control Signs
Sidewalk Improvements
Trail Improvements
Landscaping
Street Lighting
Erosion Control and Seeding
Site Grading and Drainage
Improvements
Setting Iron Monuments
Tree Preservation/Reforestation
ORIGINAL
CURRENT
NEW
AMOUNT
AMOUNT
AMOUNT
$568,115
$397,681
$284,100
84,935
84,935
84,935
267,672
133,836
66,900
357,100
178,550
89,300
199,340
99,670
49,800
30,681
30,681
30,681
30,000
22,500
15,000
30,000
20,000
20,000
59,670
59,670
59,670
6,300
6,300
0
56,500
56,500
56,500
15,900
15,900
15,900
1,800
1,800
1,800
20,250
20,250
0
8,723
8,723
8,723
195,061
97,531
39,012
23,200
23,200
0
68,875
34,438
34,438
Design, Administration, Inspection, 242,894 155,060 103,050
As-Builts (12%)
Total: $2,267,016 $1,447,225 $959,809
That the required financial guarantee and Letter of Credit No. 216 for the above items be reduced
from $1,447,225 to $959,809.
FURTHER BE IT RESOLVED that the financial guarantee requirements for the
following items in the approved Development Contract remain as follows:
ITEM
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and
Storm
Sewer Cleaning
Cash
ORIGINAL CURRENT
AMOUNT AMOUNT
$ 1,000 $ 1,000
FURTHER BE IT RESOLVED that the utilities are accepted for continuous maintenance
as of January 8th, 2013, subject to the two-year guarantee by the Developer per Letter of Credit
No. 216.
Approved this 8t1' day of January, 2013.