HomeMy WebLinkAboutCity Council Resolution 2015-163CITY OF PLYMOUTH
RESOLUTION No. 2015-163
RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR KIRKWOOD 3RD ADDITION (2014015)
WHEREAS, in accordance with the development contract dated May 27, 2014, U.S. Homes
Corporation, developer of Kirkwood 3rd Addition (2014015), 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; and
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. 69601019 for the above items be reduced
from $607,574 to $527,328.
BE IT HEREBY RESOLVED that the financial guarantee requirements for the following items per
Section 31 of the approved Development Contract remain as follows:
ORIGINAL NEW
ITEM AMOUNT AMOUNT
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Construction
$232,652
$ 139,522
$ 139,522
Sanitary Sewer
72,694
43,594
18,200
Watermain
71,351
42,651
17,800
Storm Sewer System
56,226
33,726
14,100
Street & Traffic Control Signs
1,250
-0-
-0-
Sidewalk Improvements
34,795
17,398
17,398
Landscaping
427,305
299,114
299,114
Street lighting
9,375
-0-
-0-
Erosion Control
3,500
2,625
2,625
Setting Iron Monuments
4,900
-0-
-0-
Removal of temp. Turn-Arounds
5,000
2,500
-0-
Design, Admin., Insp., As-Builts (12%)
74,154
18,539
18,539
Total:
$1,001,077
$607,574
$527,328
That the required financial guarantee and Letter of Credit No. 69601019 for the above items be reduced
from $607,574 to $527,328.
BE IT HEREBY RESOLVED that the financial guarantee requirements for the following items per
Section 31 of the approved Development Contract remain as follows:
ORIGINAL NEW
ITEM AMOUNT AMOUNT
Maintenance of Erosion and Sediment
Control Plan Cash: $1,000 $1,000
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of June 9,
2015, subject to the two-year guarantee by the developer per Letter of Credit No. 69601019.
APPROVED by the City Council this 9th day of June, 2015.