HomeMy WebLinkAboutCity Council Resolution 2011-378CITY OF PLYMOUTH
RESOLUTION No. 2011-378
A RESOLUTION ACCEPTING STREETS
FOR RUSTEN WOOD (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
$ 57,829
$ 5,000
Emergency Access
23,448
-0-
-0-
Sanitary Sewer
165,153
-0-
-0-
Watermain
100,480
-0-
-0-
Storm Sewer
83,202
-0-
-0-
Boulevard and Drainage Swale
3,800
500
500
Sod
Street and Traffic Control Signs
1,000
-0-
-0-
Sidewalk Improvements
19,350
3,900
-0-
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
-0-
-0-
Improvements
Setting Iron Monuments
6,800
-0-
-0-
Street Lights
4,500
-0-
-0-
Design, Administration,
115,954
10,269
6,000
Inspection, As-Builts
$ 1,082,239
$ 111,698
$ 50,700
Resolution No. 2011-378
Page 2 of 2
That the required financial guarantee for the above items be reduced as detailed above from
$111,698 to $50,700 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
$ 1,000 $ 1,000
$ 10,250 $ 10,250
FURTHER BE IT RESOLVED that the street constriction is accepted and the items
related to the bollard installation and pedestrian ramps are subject to a one year guarantee
maintenance period per Letter of Credit No. 2940004 issued by Alpine Capital.
Approved this 8th day of November, 2011.