HomeMy WebLinkAboutCity Council Resolution 2011-009CITY OF PLYMOUTH
RESOLUTION No. 2011-009
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR TARYN HILLS 3RD ADDITION (2006057)
WHEREAS, in accordance with the development contract dated July 27th, 2010, U.S. Home
Corporation, developer of Taryn Hills -1 Addition (2006057), 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 $236,936 to
$117,317 to reflect the completed work. Letter of Credit No. S-18910 may be reduced accordingly.
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Construction
$ 107,961
$ 43,184
Sanitary Sewer System
39,261
9,815
Watermain System
35,773
8,943
Storm Sewer System
28,555
7,139
Blvd & Drainage Swale Sod
2,400
2,400
Sidewalk Improvements
15,410
3,852
Buffer Posts
1,200
1,200
Site Grading and Drainage Improvements
25,000
25,000
Setting Iron Monuments
2,700
-0-
Street Lighting
4,800
-0-
Design, Admin., Insp., As-Builts
31,567
15,784
TOTAL
$236,936
$117,317
That the required financial guarantee for the above items be reduced as detailed above from $236,936 to
$117,317 to reflect the completed work. Letter of Credit No. S-18910 may be reduced accordingly.
Resolution No. 2011-009
Page 2
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 CURRENT
ITEM AMOUNT AMOUNT
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and
Storm
Sewer Cleaning
Cash: $ 1,000 $ 1,000
FGAC-07095: $ 4,955 $ 4,955
FURTHER BE IT RESOLVED that the utilities are accepted for continuous maintenance
as of January 11, 2011, subject to the two-year guarantee by the Developer per Letter of Credit
No. S-18910.
Approved this 11th day of January, 2011.