HomeMy WebLinkAboutCity Council Resolution 2011-410CITY OF PLYMOUTH
RESOLUTION No. 2011-410
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR TAYLOR CREEK 2ND ADDITION (201 101 3)
WHEREAS, in accordance with the development contract dated October 5, 2011,
O'Donnell Woods, LLC, developer of Taylor Creek 2" a Addition (2011013), 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 and Letter of Credit No. 201 for the above items be reduced
from $246,689 to $108,681.
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Constriction
$67,636
$ 33,800
Sanitary Sewer
26,310
6,578
Watermain
22,150
5,538
Storm Sewer System
28,569
7,142
Boulevard and Drainage Swale
3,517
3,517
Sod/Seed
Street & Traffic Control Signs
900
900
Sidewalk Improvements
8,560
8,560
Trail Improvements
3,580
3,580
Street Lights
5,000
-0-
Erosion Control and Seeding
4,353
4,353
Site Grading and Drainage
33,850
10,155
Improvements
Setting Iron Monuments
2,900
-0-
Tree Preservation/Reforestation
12,914
12,914
Design, Administration, Inspection,
26,450
11,644
As-Builts (12%)
Total:
$246,689
$108,681
That the required financial guarantee and Letter of Credit No. 201 for the above items be reduced
from $246,689 to $108,681.
FURTHER BE IT RESOLVED that the financial guarantee requirements for the
following items in 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
FURTHER BE IT RESOLVED that the utilities are accepted for continuous maintenance
as of December 13, 2011, subject to the two-year guarantee by the Developer per Letter of Credit
No. 201.
Approved this 13th day of December, 2011.