HomeMy WebLinkAboutCity Council Resolution 2020-106
C ITY OF P LYMOUTH
R ESOLUTION N O. 2020-106
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
C AMELOT N INE AT B EGIN 2 ND A DDITION (2017013)
WHEREAS, in accordance with the development contract dated March 30, 2017, Pulte Homes of
Minnesota, developer of Camelot Nine at Begin 2nd Addition (2017013), 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. S507034 for the items be reduced from $315,295 to
$115,716:
% of
Original Current New Original
Item Amount Amount Amount Amount
Street Construction $ 292,250 $ 175,350 $73,063 25%
Sanitary Sewer System 113,900 28,475 0 0%
Watermain System 115,425 28,856 0 0%
Storm Sewer System 27,825 6,956 0 0%
Boulevard and Drainage Swale Sod 9,325 4,663 2,331 25%
Street & Traffic Control Signs 2,700 0 0 0%
Sidewalk Improvements 45,400 27,240 11,350 25%
Landscaping 20,400 20,400 20,400 100%
Street Lighting 7,500 0 0 0%
Setting Iron Monuments 13,900 0 0 0%
Subtotal $648,625 $291,940 $107,144 17%
Design, Admin, Insp, As-Builts (8%) $51,890 $23,355 $8,572
Total $700,515 $315,295 $115,716 17%
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of March
24, 2020, subject to the one-year guarantee by the Developer per Letter of Credit No. S507034.
APPROVED by the City Council on this 24th day of March, 2020.