HomeMy WebLinkAboutCity Council Resolution 2011-423CITY OF PLYMOUTH
RESOLUTION No. 2011-423
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR WOOD CREST OF PLYMOUTH 2ND ADDITION (2010094)
WHEREAS, in accordance with the development contract dated August 5, 2011,
Landmark 31 of Plymouth, LLC, developer of Wood Crest of Plymouth 2" a Addition (2010094),
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
$186,793
$186,793
$ 93,000
Sanitary Sewer
150,429
75,215
37,610
Abandon Existing Lift Station
7,000
7,000
-0-
Watermain
94,988
47,494
23,750
Storm Sewer System
96,885
48,443
24,225
Boulevard and Drainage Swale Sod
7,755
7,755
7,755
Pond Constriction
20,000
5,000
5,000
Filtration Basin Constriction
7,252
1,813
1,813
Street & Traffic Control Signs
1,430
1,430
1,430
Sidewalk Improvements
32,977
32,977
32,977
Trail Improvements
6,845
6,845
6,845
Landscaping (Irrigation)
750
750
750
Street Lights
25,000
25,000
25,000
Erosion Control and Seeding
8,487
8,487
8,487
Site Grading and Drainage
129,418
45,300
45,300
Improvements
Setting Iron Monuments
9,300
9,300
-0-
Tree Preservation/Reforestation
27,750
27,750
27,750
Wetland Mitigation/Restoration
11,600
2,900
2,900
Design, Administration, Inspection,
98,959
49,479
49,479
As-Builts (12%)
Total:
$923,618
$589,732
$394,072
That the required financial guarantee and Letter of Credit No. 195 for the above items be reduced
from $589,732 to $394,072.
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. 195.
Approved this 13th day of December, 2011.