HomeMy WebLinkAboutCity Council Resolution 2020-227
C ITY OF P LYMOUTH
R ESOLUTION N O. 2020-227
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
E NCLAVE AT E LM C REEK 2 ND A DDITION (2018002)
WHEREAS, in accordance with the development contract dated March 15, 2018, West Plymouth
Development, Inc., developer of Enclave at Elm Creek 2nd Addition (2018002), 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. 1166 for the items be reduced from $570,131 to $363,677:
Original Current New % of Original
Item
Amount Amount Amount Amount
Street Construction $463,900 278,340 115,975 25%
Sanitary Sewer System 213,400 53,350 53,350 25%
Watermain System 231,600 57,900 57,900 25%
Storm Sewer System 175,300 43,825 43,825 25%
Boulevard and Drainage Swale Sod/Seed 11,000 5,500 5,500 50%
Filtration Basin 2,650 2,650 1,325 50%
Street & Traffic Control Signs 2,000 0 0 0%
Wetland Buffer Posts & Signs 3,000 3,000 0 0%
Sidewalk Improvements 65,900 39,540 16,475 25%
Landscaping 54,900 27,450 27,450 50%
Street Lighting 8,750 0 0 0%
Erosion Control 28,125 9,844 8,438 30%
Site Drainage & Grading Improvements 6,500 6,500 6,500 100%
Setting Iron Monuments 20,300 0 0 0%
Subtotal 1,287,325 527,899 336,738 26%
Design, Admin, Inspection, As-Builts (8%) 102,986 42,232 26,939
Total 1,390,311 570,131 363,677 26%
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of August
25, 2020, subject to the one-year guarantee by the Developer per Letter of Credit No. 1166.
APPROVED by the City Council on this 25th day of August, 2020.