HomeMy WebLinkAboutCity Council Resolution 2003-582CITY OF PLYMOUTH
RESOLUTION NO. 2003-582
ACCEPTANCE OF UTILITIES FOR CONTINUAL MAINTENANCE
PLUM TREE EAST 8TH ADDITION (2002032)
WHEREAS, in accordance with the development contract dated May 28, 2002, Lundgren
Brothers Construction, Inc., developer of Plum Tree East 8th Addition (2002032), 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
$225,370 to $45,651 to reflect the completed work. Letter of Credit No. FGAC-03099 may be
reduced accordingly.
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Construction
$ 74,166
$ 14,833
Sanitary Sewer
34,774
-0-
Watermain
31,590
-0-
Storm Sewer
5,400
-0-
Boulevard and Drainage Swale Sod
5,400
5,400
Pond Construction
-0-
-0-
Mitigation Pond Construction
-0-
-0-
N URP Pond Construction
-0-
-0-
Street Signs (1 x 200)
200
200
Park Trail Improvements
17,087
17,087
Site Grading and Drainage Improvements
-0-
-0-
Setting Iron Monuments
3,240
3,240
Design, Administration, Inspection, As-Builts
24,147
4,891
TOTAL
$ 225,370
$45,651
That the required financial guarantee for the above items be reduced as detailed above from
$225,370 to $45,651 to reflect the completed work. Letter of Credit No. FGAC-03099 may be
reduced accordingly.
RESOLUTION NO. 2003-582
PLUM TREE EAST 8TH (2002032)
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:
ORIGINAL NEW
ITEM AMOUNT AMOUNT
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning (Financial guarantee requirements are
included in Plum Tree 4th Addition (20045))
Cash: $ -0- $_0_
Financial
-0-
Financial Guarantee: $ -0- $_0_
FURTBER
-0-
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. 54134380 issued by United Fire and Casualty Company.
Adopted by the City Council on December 16, 2003.