HomeMy WebLinkAboutCity Council Resolution 2020-308
C ITY OF P LYMOUTH
R ESOLUTION N O. 2020-308
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
G REENWAY W EST (2017083)
WHEREAS, in accordance with the development contract dated April 23, 2018, Pulte Homes of
Minnesota, LLC, developer of Greenway West (2017083), 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. S507584 for the items be reduced from $884,542 to
$621,324:
% of
Original Current New
Item Original
Amount Amount Amount
Amount
Street Construction $459,600 275,760 114,900 25%
Sanitary Sewer System 446,100 111,525 111,525 25%
Watermain System 237,000 59,250 59,250 25%
Storm Sewer System 332,900 83,225 83,225 25%
Boulevard and Drainage Swale Sod/Seed 2,800 2,800 1,400 50%
Retaining Walls 32,500 0 0 0%
Filtration Basin 126,300 63,150 63,150 50%
Street & Traffic Control Signs 4,200 0 0 0%
Wetland Buffer Posts & Signs 7,400 7,400 7,400 100%
Sidewalk Improvements 89,700 89,700 22,425 25%
Landscaping (2 front yard trees/lot) 37,100 37,100 37,100 100%
Street Lighting 7,000 0 0 0%
Site Drainage & Grading Improvements 283,700 85,110 70,925 25%
Setting Iron Monuments 4,000 4,000 4,000 100%
Subtotal 2,070,300 819,020 575,300 28%
Design, Admin, Inspection, As-Builts (8%) 165,624 65,522 46,024
Total 2,235,924 884,542 621,324 28%
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
November 24, 2020, subject to the one-year guarantee by the Developer per Letter of Credit No.
S507584.
APPROVED by the City Council on this 24th day of November, 2020.