HomeMy WebLinkAboutCity Council Resolution 1998-100CITY OF PLYMOUTH
RESOLUTION 98 - 100
REIMBURSING DEVELOPER FOR
REQUIRED STREET AND STORM SEWER CONSTRUCTION
AND ENGINEERING COSTS
SCHMIDT LAKE ROAD
CITY PROJECT NO. 3016
WHEREAS, the City of Plymouth and Weston Corp. have entered into a development
contract dated December 11, 1995 for the development of Nanterre Subdivision; and
WHEREAS, as part of this development, the developer was required to constrict Schmidt
Lake Road in Nanterre Subdivision in order to conform with State Aid standards for street
constriction; and
WHEREAS, as part of the constriction of Schmidt Lake Road, the developer is to be
reimbursed for engineering costs and the City's portion of the cost for street and storm sewer
constriction based on the City Assessment Policy; and
WHEREAS, the work has been completed and is certified to conform with State Aid
standards for street constriction by Weston Corp.'s engineer as detailed in the approved
plans and specifications; and
WHEREAS, the cost amounts to $790,468.67 for constriction and $163,289.44 for
engineering ; and
WHEREAS, previous payments were made in the amount of $857,739.34.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PLYMOUTH, MINNESOTA: That the developer, Weston Corp., is to be
reimbursed in the amount of $96,018.77 for constriction and engineering costs for the
improvement of Schmidt Lake Road in accordance with the development contract and City
policy.
BE IT FURTHER RESOLVED that the fiinds be allocated from the City's MSA Fund.
Adopted by the City Council on February 18, 1998
( `.ADocuments and Settnig,,esvigei Local Settnig, TempVCCR 1998-10058W CCR 1998-100 doe