HomeMy WebLinkAboutCity Council Resolution 2011-074CITY OF PLYMOUTH
RESOLUTION No. 2011-074
A RESOLUTION ACCEPTING UTILITIES
FOR RUSTEN WOOD DEVELOPMENT (2006046)
WHEREAS, in accordance with the development contract dated December 19, 2006, Bohland
Rusten Wood, LLC, developer of Rusten Wood (2006046), 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:
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction
$ 211,315
$ 147,921
$ 57,829
Emergency Access
23,448
-0-
-0-
Sanitary Sewer
165,153
49,546
-0-
Watermain
100,480
30,144
-0-
Storm Sewer
83,202
24,961
-0-
Boulevard and Drainage Swale
3,800
1,200
500
Sod
Street and Traffic Control Signs
1,000
-0-
-0-
Sidewalk Improvements
19,350
3,900
3,900
Landscaping (Plantings)
110,000
39,200
39,200
Retaining Walls
18,000
-0-
-0-
Buffer Posts
2,400
-0-
-0-
Site Grading and Drainage
216,837
7,000
-0-
Improvements
Setting Iron Monuments
6,800
6,800
-0-
Street Lights
4,500
-0-
-0-
Design, Administration,
115,954
52,261
10,269
Inspection, As-Builts
$ 1,082,239
$ 362,933
$ 111,698
Resolution No. 2011-074
Page 2
That the required financial guarantee for the above items be reduced as detailed above from
$362,933 to $111,698 to reflect the completed work. Letter of Credit No. 2940004 may be
reduced accordingly.
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:
ITEM
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning
Cash:
Letter of Credit No. 2959001:
ORIGINAL NEW
AMOUNT AMOUNT
FURTHER BE IT RESOLVED that utilities are accepted.
Approved this 8t1' day of March, 2011.
$ 1,000 $ 1,000
$ 10,250 $ 10,250