HomeMy WebLinkAboutCity Council Resolution 2003-300CITY OF PLYMOUTH
RESOLUTION 2003 - 300
REIMBURSING DEVELOPER FOR
CONSTRUCTION OF PUBLIC IMPROVEMENTS
HARVEST HILLS (2001023)
WHEREAS, the City of Plymouth and Town and Country Homes have entered into a
development contract dated September 10, 2001 and revised on March 28, 2002 for the plat,
Harvest Hills (2001023); and
WHEREAS, as part of this development, the developer was required to construct public
improvements including Schmidt Lake Road street and watermain, the Holly Lane watermain
system, and the Schmidt Lake Road trail in Harvest Hills; and
WHEREAS, the City is responsible for the incremental cost of public improvements above
that which is the responsibility of the developer under the City Assessment Policy; and
WHEREAS, the work has been completed and is certified to be in compliance with the
approved plans and specifications by Town and Country Homes' engineer; and
WHEREAS, the cost amounts to $192,481 for construction and $23,098 for engineering; and
WHEREAS, a previous payment was made in the amount of $82,361.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PLYMOUTH, MINNESOTA: That the developer, Town and Country Homes, is
to be reimbursed in the amount of $133,218 for construction and engineering costs for the
improvements of Schmidt Lake Road and Holly Lane in accordance with the development
contract and City policy.
BE IT FURTHER RESOLVED that $41,515 of the funds be allocated from the City's MSA
Fund, $66,986 be allocated from the City Trunk Utility fund, and the remaining $24,717 be
allocated from the City and Community Parks fund.
Adopted by the City Council on July 8, 2003.
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