HomeMy WebLinkAboutCity Council Resolution 2020-108
C ITY OF P LYMOUTH
R ESOLUTION N O. 2020-108
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
E NCLAVE ON THE G REENWAY 3 RD A DDITION (2017023)
WHEREAS, in accordance with the development contract dated May 30, 2017, Pulte Homes of
Minnesota, LLC, developer of Enclave on the Greenway 3rd Addition (2017023), 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. S507120 for the items be reduced from $203,813 to
$134,767:
% of
Original Current New Original
Item Amount Amount Amount Amount
Street Construction $143,583 $86,150 $35,896 25%
Sanitary Sewer System 83,954 20,989 20,989 25%
Watermain System 78,595 19,649 19,649 25%
Stom Sewer System 65,892 16,473 16,473 25%
Boulevard and Drainage Swale Sod 9,197 3,219 2,299 25%
Buffer / Park Monuments & Signs 2,500 0 0 0%
Street & Traffic Control Signs 2,765 0 0 0%
Sidewalk Improvements 31,617 18,970 7,904 25%
Landscaping 16,757 16,757 16,757 100%
Street Lighting 6,000 0 0 0%
Erosion Control & Silt Fence 16,926 5,924 4,232 25%
Site Grading & Drainage Improvements 2,341 585 585 25%
Setting Iron Monuments 4,100 0 0 0%
Subtotal $464,227 $188,716 $124,784 27%
Design, Admin., Insp., As-Builts (8%) $37,138 $15,097 $9,983
Total $501,365 $203,813 $134,767 27%
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. S507120.
APPROVED by the City Council on this 24th day of March, 2020.