HomeMy WebLinkAboutCity Council Resolution 2011-422CITY OF PLYMOUTH
RESOLUTION No. 2011-422
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR SPRING MEADOWS 2ND ADDITION (201 1019)
WHEREAS, in accordance with the development contract dated August 11, 2011,
O'Donnell Woods, LLC, developer of Spring Meadows 2" a Addition (2011019), 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
$372,412
$ 186,206
$ 186,206
Sanitary Sewer
174,716
61,150
43,679
Watermain
193,175
67,612
48,294
Storm Sewer System
102,309
35,808
25,577
Boulevard and Drainage Swale
10,446
10,446
10,446
Sod/Seed
Pond Constriction
20,000
5,000
5,000
Filtration Basin Constriction
7,773
1,943
1,943
Street & Traffic Control Signs
3,370
3,370
840
Sidewalk Improvements
46,735
46,735
46,735
Street Lights
40,000
40,000
10,000
Erosion Control and Seeding
29,835
14,917
14,917
Site Grading and Drainage
160,175
40,044
40,044
Improvements
Setting Iron Monuments
13,000
6,500
-0-
Tree Preservation/Reforestation
20,687
10,344
10,344
Design, Administration, Inspection,
143,355
71,677
59,464
As-Builts (12%)
Total:
$1,337,988
$601,752
$503,489
That the required financial guarantee and Letter of Credit No. 118 for the above items be reduced
from $734,930 to $636,667, which includes security for Dunkirk Lane Reconstruction in the
amount of $133,178.
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
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. 118.
Approved this 13th day of December, 2011.