HomeMy WebLinkAboutCity Council Resolution 2011-011CITY OF PLYMOUTH
RESOLUTION No. 2011-011
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR TARYN HILLS 10T" ADDITION (2010072)
WHEREAS, in accordance with the development contract dated October 5th, 2010, U.S. Home
Corporation, developer of Taryn Hills 10th Addition (2010072), 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 $438,651 to
$229,550 to reflect the completed work. Letter of Credit No. S-18996 may be reduced accordingly.
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Construction
$ 250,754
$ 150,452
Sanitary Sewer System
42,405
10,601
Watermain System
37,905
9,476
Storm Sewer System
22,889
5,722
Blvd & Drainage Swale Sod, Silt Fence
3,000
3,000
Sidewalk Improvements
26,800
26,800
Street Lighting
5,000
-0-
Setting Iron Monuments
2,900
-0-
Design, Admin., Insp., As-Builts
46,998
23,499
TOTAL
$ 438,651
$ 229,550
That the required financial guarantee for the above items be reduced as detailed above from $438,651 to
$229,550 to reflect the completed work. Letter of Credit No. S-18996 may be reduced accordingly.
Resolution No. 2011-011
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: $ 2,000 $ 2,000
FGAC-07095: $ 8,785 $ 8,785
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-18996.
Approved this I It" day of January, 2011.