HomeMy WebLinkAboutCity Council Resolution 2018-368
C ITY OF P LYMOUTH
R ESOLUTION N O. 2018-368
R ESOLUTION A CCEPTING U TILITIES AND S TREETS FOR C ONTINUAL M AINTENANCE FOR
C AMELOT N INE AT B EGIN (2016009)
WHEREAS, in accordance with the development contract dated August 16, 2016, Pulte Homes of
Minnesota, developer of Camelot Nine at Begin (2016009), 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 below and that the
required guarantee and Letter of Credit No. S506731 for the items be reduced from $1,418,299 to
$694,710:
Original Current New % of Original
Item Amount Amount Amount Amount
Street Construction $ 683,900 410,340 $ 170,975 25%
Sanitary Sewer System 382,500 191,250 95,625 25%
Watermain System 248,000 124,000 62,000 25%
Storm Sewer System 371,000 185,500 92,750 25%
Boulevard and Drainage Swale Sod 6,500 3,250 3,250 50%
Retaining Walls 75,000 75,000 0 0%
Pond Construction 75,000 37,500 37,500 50%
Street & Traffic Control Signs 14,500 0 0 0%
Sidewalk Improvements 67,000 40,200 16,750 25%
Trail Improvements 100,000 60,000 25,000 25%
Landscaping 45,150 45,150 45,150 100%
Street Lighting 27,500 0 0 0%
Site Grading & Drainage Improvements 377,000 131,950 94,250 25%
Setting Iron Monuments 9,100 9,100 0 0%
Removal of Temporary Turn-around(s) 10,000 0 0 0%
Subtotal $2,492,150 $1,313,240 $643,250 26%
Design, Administration, Inspection, As-
Builts(8%) $199,372 $105,059 $51,460
Total $2,691,522 $1,418,299 $694,710 26%
R ESOLUTION N O. 2018-368
P AGE 2 OF 2
BE IT FURTHER RESOLVED that the utilities and streets are accepted for continuous maintenance
as of December 11, 2018, subject to the two-year guarantee for utilities and the one-year guarantee for
streets by the Developer per Letter of Credit No. S506731.
APPROVED by the City Council on this 11th day of December, 2018.