HomeMy WebLinkAboutCity Council Resolution 2020-107
C ITY OF P LYMOUTH
R ESOLUTION N O. 2020-107
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
C AMELOT N INE AT B EGIN 3 RD A DDITION (2017056)
WHEREAS, in accordance with the development contract dated June 27, 2017, Pulte Homes of
Minnesota, developer of Camelot Nine at Begin 3rd Addition (2017056), 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. S507187 for the items be reduced from $251,025 to
$96,490:
% of
Original Current New Original
Item Amount Amount Amount Amount
Street Construction $ 141,880 $ 85,128 $ 35,470 25%
Sanitary Sewer System 132,625 33,156 0 0%
Watermain System 93,055 23,264 0 0%
Storm Sewer System 55,590 13,898 0 0%
Boulevard and Drainage Swale Sod 4,870 4,870 1,218 25%
Street & Traffic Control Signs 1,600 0 0 0%
Sidewalk Improvements 27,300 16,380 6,825 25%
Trail Improvements 28,300 16,980 7,075 25%
Landscaping 38,755 38,755 38,755 100%
Street Lighting 3,500 0 0 0%
Setting Iron Monuments 15,500 0 0 0%
Subtotal $542,975 $232,431 $89,343 16%
Design, Admin, Insp, As-Builts (8%) $43,438 $18,594 $7,147
Total $586,413 $251,025 $96,490 16%
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. S507187.
APPROVED by the City Council on this 24th day of March, 2020.