HomeMy WebLinkAboutCity Council Resolution 2020-228
C ITY OF P LYMOUTH
R ESOLUTION N O. 2020-228
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
C REEKSIDE H ILLS 2 ND A DDITION (2017001)
WHEREAS, in accordance with the development contract dated May 23, 2017, Creekside Hills
Development, Inc., developer of Creekside Hills 2nd Addition (2017001), 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. 1141 for the items be reduced from $598,170 to $325,328:
Original Current New % of Original
Item Amount Amount Amount Amount
Street Construction 492,360 295,416 123,090 25%
Sanitary Sewer System 429,450 0 0 0%
Watermain System 230,555 0 0 0%
Stom Sewer System 303,975 0 0 0%
Pond Sand Filter 32,000 8,000 8,000 25%
Boulevard and Drainage Swale Sod 12,545 3,136 3,136 25%
Retaining Walls 254,750 0 0 0%
Pond Construction 17,115 4,279 4,279 25%
Rain Garden / Filtration Basin 27,075 0 0 0%
Street & Traffic Control Signs 2,250 0 0 0%
Sidewalk Improvements 72,300 43,380 18,075 25%
Landscaping 46,200 34,650 34,650 75%
Street Lighting 11,250 0 0 0%
Site Grading & Drainage Improvements 1,100,000 165,000 110,000 10%
Setting Iron Monuments 21,000 0 0 0%
Wetland Mitigation 7,500 0 0 0%
Subtotal $3,060,325 $553,861 $301,230 10%
Design, Admin, Insp, As-Builts (8%) $244,826 $44,309 $24,098
Total $3,305,151 $598,170 $325,328 10%
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. 1141.
APPROVED by the City Council on this 25th day of August, 2020.