HomeMy WebLinkAboutCity Council Resolution 2020-109
C ITY OF P LYMOUTH
R ESOLUTION N O. 2020-109
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
A SPEN H OLLOW 2 ND A DDITION (2016003)
WHEREAS, in accordance with the development contract dated April 27, 2016, Pulte Homes of
Minnesota, LLC., developer of Aspen Hollow 2nd Addition (2016003), 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. 3132538 for the items be reduced from $564,646 to
$378,972:
Original Current New % of Original
Item Amount Amount Amount Amount
Street Construction $407,300 $244,380 $101,825 25%
Sanitary Sewer 209,800 0 0 0%
Watermain 159,300 0 0 0%
Storm Sewer System 228,700 0 0 0%
Boulevard Sod & Silt Fence 10,100 4,040 2,525 25%
Retaining Walls 25,000 0 0 0%
Pond Construction 20,000 10,000 10,000 50%
Street and Traffic Control Signs 2,700 0 0 0%
Sidewalk Improvements 39,800 23,880 9,950 25%
Trail Improvements (Neighborhood) 5,200 3,120 1,300 25%
Trail Improvements (NW Greenway) 32,000 19,200 8,000 25%
Landscaping 215,800 215,800 215,800 100%
Street Lighting 15,375 0 0 0%
Erosion Control 6,000 2,400 1,500 25%
Setting Iron Monuments 13,200 0 0 0%
Removal of Temporary Turn-around(s) 3,975 0 0 0%
Subtotal $1,394,250 $522,820 $350,900 25%
Design, Admin, Inspec, As-Builts (8%) $111,540 $41,826 $28,072
Total $1,505,790 $564,646 $378,972 25%
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. 3132538.
APPROVED by the City Council on this 24th day of March, 2020.