HomeMy WebLinkAboutCity Council Resolution 2003-580CITY OF PLYMOUTH
RESOLUTION NO. 2003-580
ACCEPTANCE OF STREETS AND UTILITIES FOR CONTINUAL MAINTENACE
HARVEST HILLS (2001023)
WHEREAS, in accordance with the development contract dated September 10, 2001 and revised on March
28, 2002, Town and Country Homes, developer of Harvest Hills (2001023), 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 for the above items be reduced as detailed above from $539,789
($359,859 x 150%) to $145,737 ($97,158 x 150%) to reflect the completed work. Subdivision Bond No.
929219099 may be reduced accordingly.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Construction
$ 376,676
$ 75,335
$ -0-
Schmidt Lake Road Street Construction
195,886
-0-
-0-
Sanitary Sewer
179,572
35,914
-0-
Watermain
114,780
22,956
-0-
Watermain - Schmidt Lake Road
36,470
-0-
-0-
Watermain - Holly Lane
59,809
-0-
-0-
Storm Sewer
283,505
56,701
-0-
Boulevard and Drainage Swale Sod
9,400
9,400
9,400
Rain Garden
5,000
5,000
5,000
NURP Pond Construction
73,770
14,754
14,754
Street Signs (2 x 200)
400
400
-0-
Concrete Sidewalk
35,249
35,249
-0-
Park and Trail Improvements
22,069
-0-
-0-
Site Grading and Drainage Improvements
287,969
57,594
57,594
Setting Iron Monuments
8,000
8,000
-0-
Design, Administration, Inspection, As-Builts
202,627
38,556
10,410
TOTAL
$ 1,891,182
$ 359,859
$97,158
That the required financial guarantee for the above items be reduced as detailed above from $539,789
($359,859 x 150%) to $145,737 ($97,158 x 150%) to reflect the completed work. Subdivision Bond No.
929219099 may be reduced accordingly.
RESOLUTION NO. 2003-580
HARVEST HILLS (2001023)
Page Two
FURTHER BE IT RESOLVED that the financial guarantee requirements for the following items per Section
8.1 of the approved Development Contract remain as follows:
ITEM
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning (see Grading Permit for Financial
Guarantee Requirements)
Cash:
Financial Guarantee:
ORIGINAL NEW
AMOUNT AMOUNT
$ -0- $_0_
$
-0-
$ -0- $_0_
FURTBER
-0-
FURTHER BE IT RESOLVED that the street construction is accepted for continual maintenance as of
December 16, 2003 subject to the one-year guarantee by the Developer per Maintenance Bond No. 54134376
issued by United Fire and Casualty Company.
FURTHER BE IT RESOLVED that the utility construction is accepted for continual maintenance as of
December 16, 2003 subject to the two-year guarantee by the Developer per Maintenance Bond No. 54134375
issued by United Fire and Casualty Company.
Adopted by the City Council on December 16, 2003.