HomeMy WebLinkAboutCity Council Resolution 2010-263CITY OF PLYMOUTH
RESOLUTION No. 2010-263
A RESOLUTION ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
FOR WOOD CREST OF PLYMOUTH (2008042)
WHEREAS, in accordance with the development contract dated September 4th, 2008, Wood Crest
Development of Plymouth, LLC, developer of Wood Crest of Plymouth (2008042), 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 remain as follows:
That the required financial guarantee, Letter of Credit No. 102, for the above items will remain at $295,360.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction (Includes Turnaround
$547,633
$ 137,000
$ 137,000
& Bypass Lane)
Sanitary Sewer
99,920
24,980
24,980
Private Sanitary Sewer Liftstation &
110,000
-0-
-0-
Forcemain
Watermain
206,624
51,656
51,656
Storm Sewer
92,494
23,124
23,124
Boulevard and Drainage Swale Sod
11,000
3,500
3,500
Trail Improvements
2,860
-0-
-0-
Street & Traffic Control Signs
1,400
1,400
1,400
Sidewalk Improvements
68,432
17,000
17,000
Buffer Posts
1,100
-0-
-0-
Site Grading and Drainage Improvements
388,580
20,000
20,000
Setting Iron Monuments
14,400
-0-
-0-
Street Lights
9,000
-0-
-0-
Design, Administration, Inspection, As-
186,413
16,700
16,700
Bullts
TOTAL
1,739,856
$295,360
$295,360
That the required financial guarantee, Letter of Credit No. 102, for the above items will remain at $295,360.
Resolution No. 2010-263
Page 2 of 2
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. 103
ORIGINAL CURRENT
AMOUNT AMOUNT
$ 1,000 $ 1,000
$22,855 $22,855
FURTHER BE IT RESOLVED that the streets are accepted for continuous
maintenance as of September 28, 2010 subject to the one-year guarantee by the Developer per
Letter of Credit No. 102.
Approved this 28th day of September, 2010.