HomeMy WebLinkAboutCity Council Resolution 2019-034
C ITY OF P LYMOUTH
R ESOLUTION N O. 2019-034
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE FOR
G REENWAY W EST (2017083)
WHEREAS, in accordance with the development contract dated April 23, 2018, Pulte Homes of
Minnesota, LLC, developer of Greenway West (2017083), 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. S507584 for the items be reduced from $1,441,541 to
$884,542:
% of
Original Current New
Item Original
Amount Amount Amount
Amount
Street Construction $459,600 $275,760 $275,760 60%
Sanitary Sewer System 446,100 223,050 111,525 25%
Watermain System 237,000 118,500 59,250 25%
Storm Sewer System 332,900 166,450 83,225 25%
Boulevard and Drainage Swale Sod/Seed 2,800 2,800 2,800 100%
Retaining Walls 32,500 0 0 0%
Filtration Basin 126,300 126,300 63,150 50%
Street & Traffic Control Signs 4,200 0 0 0%
Wetland Buffer Posts & Signs 7,400 7,400 7,400 100%
Sidewalk Improvements 89,700 89,700 89,700 100%
Landscaping (2 front yard trees/lot) 37,100 37,100 37,100 100%
Street Lighting 7,000 0 0 0%
Site Drainage & Grading Improvements 283,700 283,700 85,110 30%
Setting Iron Monuments 4,000 4,000 4,000 100%
Subtotal $2,070,300 $1,334,760 $819,020 40%
Design, Admin, Inspection, As-Builts(8%) $165,624 $106,781 $65,522
Total $2,235,924 $1,441,541 $884,542 40%
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of
February 12, 2019, subject to the two-year guarantee by the Developer per Letter of Credit No.
S507584.
APPROVED by the City Council on this 12th day of February, 2019.