HomeMy WebLinkAboutCity Council Resolution 2018-369
C ITY OF P LYMOUTH
R ESOLUTION N O. 2018-369
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
E NCLAVE ON THE G REENWAY 2 ND A DDITION (2016021)
WHEREAS, in accordance with the development contract dated June 8, 2016, Pulte Homes of
Minnesota, developer of Enclave on the Greenway 2nd Addition (2016021), 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. 3132547 for the items be reduced from $332,768 to
$215,018:
Original Current New % of Original
Item Amount Amount Amount Amount
Street Construction 251,495 150,897 62,874 25%
Sanitary Sewer 112,880 28,220 28,220 25%
Watermain 163,866 40,967 40,967 25%
Storm Sewer System 49,172 12,293 12,293 25%
Boulevard Sod & Silt Fence 17,391 7,826 5,217 30%
Retaining Walls 30,000 0 0 0%
Buffer Posts and Monuments 1,000 1,000 1,000 100%
Street and Traffic Control Signs 2,500 0 0 0%
Sidewalk Improvements 42,383 25,430 10,596 25%
Landscaping 30,800 30,800 30,800 100%
Street Lighting 16,500 0 0 0%
Erosion Control 23,748 10,687 7,124 30%
Setting Iron Monuments 10,400 0 0 0%
Subtotal $752,135 $308,119 $199,091 26%
Design, Administration, Inspection, As-
Builts(8%) $60,170 $24,650 $15,927 8%
Total $812,305 $332,768 $215,018 26%
R ESOLUTION N O. 2-18-369
P AGE 2 OF 2
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
December 11, 2018, subject to the one-year guarantee by the Developer per Letter of Credit No.
3132547.
APPROVED by the City Council on this 11th day of December, 2018.