HomeMy WebLinkAboutCity Council Resolution 2020-309
C ITY OF P LYMOUTH
R ESOLUTION N O. 2020-309
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE FOR
G REENWAY N ORTH 2 ND A DDITION (2019063)
WHEREAS, in accordance with the development contract dated September 5, 2019, Pulte Homes
of Minnesota, developer of Greenway North 2nd Addition (2019063), 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. S508753 for the items be reduced from $573,372 to
$293,360:
% of
Original New
Item Original
Amount Amount
Amount
Street Construction $125,300 75,180 60%
Sanitary Sewer System 108,500 27,125 25%
Watermain System 81,500 20,375 25%
Storm Sewer System 46,400 11,600 25%
Boulevard and Drainage Swale Sod 22,400 16,800 75%
Retaining Walls 21,200 21,200 100%
Street & Traffic Control Signs 700 0 0%
Wetland Buffer Posts & Signs 1,100 1,100 100%
Sidewalk Improvements 31,600 18,960 60%
Landscaping 22,400 22,400 100%
Street Lighting 4,000 0 0%
Erosion Control 4,200 3,150 75%
Site Drainage & Grading Improvements 52,400 44,540 85%
Setting Iron Monuments 9,200 9,200 100%
Subtotal 530,900 271,630 51%
Design, Admin, Inspection, As-Builts (8%) 42,472 21,730
Total 573,372 293,360 51%
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of
November 24, 2020, subject to the two-year guarantee by the Developer per Letter of Credit No.
S508753.
APPROVED by the City Council on this 24th day of November, 2020.