HomeMy WebLinkAboutCity Council Resolution 2020-276
C ITY OF P LYMOUTH
R ESOLUTION N O. 2020-276
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
D UNKIRK G ATEWAY (2015114)
WHEREAS, in accordance with the development contract dated October 4, 2016, Dunkirk
Gateway, LLC, developer of Dunkirk Gateway (2015114), 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. 274 for the items be reduced from $435,267 to $298,107:
Original Current New % of Original
Item Amount Amount Amount Amount
Street Construction 300,000 180,000 75,000 25%
Sanitary Sewer 240,000 0 0 0%
Watermain 220,000 0 0 0%
Storm Sewer System 137,000 0 0 0%
Boulevard and Drainage Swale Sod/Seed 20,000 12,000 10,000 50%
Retaining Walls 265,000 0 0 0%
Pond Construction 20,000 10,000 10,000 50%
Biofiltration Basin 80,000 40,000 40,000 50%
Street & Traffic Control Signs 5,000 0 0 0%
Sidewalk 40,000 24,000 10,000 25%
Street Lighting 10,000 0 0 0%
Erosion Control 60,000 30,000 24,000 40%
Landscaping 84,700 63,525 63,525 75%
Removal of Temp Turn-around 5,000 0 0 0%
Site Grading and Drainage Improvement 290,000 43,500 43,500 15%
Setting Iron Monuments 8,100 0 0 0%
Tree Preservation and Reforestation 9,125 0 0 0%
Subtotal $1,793,925 $403,025 $276,025 15%
Design, Admin, Insp, As-Builts (8%) $143,514 $32,242 $22,082
Total $1,937,439 $435,267 $298,107 15%
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
October 13, 2020, subject to the one-year guarantee by the Developer per Letter of Credit No. 274.
APPROVED by the City Council on this 13th day of October, 2020.