HomeMy WebLinkAboutCity Council Resolution 2021-021
C ITY OF P LYMOUTH
R ESOLUTION N O. 2021-021
R ESOLUTION A CCEPTING U TILITIES AND S TREETS FOR
C ONTINUAL M AINTENANCE FOR G REENWAY N ORTH (2018033)
WHEREAS, in accordance with the development contract dated August 28, 2018, Pulte Homes of
Minnesota, developer of Greenway North (2018033), 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; and
WHEREAS, the required financial guarantee has been modified to reflect the amount of Site
Grading and Drainage Improvements that has been transferred to the 2nd and 3rdAdditions; and
WHEREAS, the required financial guarantee has been modified to reflect the amount of Erosion
Control that has been added to letter of credit S507727.
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. S507727 for the items be reduced from $1,384,424 to
$370,198:
Original % of Original
Item New Amount
Amount (1) Amount
Street Construction 158,000 39,500 25%
Sanitary Sewer System 365,100 91,275 25%
Watermain System 198,600 49,650 25%
Storm Sewer System 111,000 27,750 25%
Boulevard and Drainage Swale Sod 8,900 2,225 25%
Retaining Walls 35,800 35,800 100%
Filtration Basin 40,874 40,874 100%
Street & Traffic Control Signs 700 0 0%
Wetland Buffer Posts & Signs 7,500 7,500 100%
Sidewalk Improvements 32,500 8,125 25%
Landscaping 13,300 4,389 33%
Street Lighting 2,000 0 0%
Erosion Control (2) 24,750 6,188 25%
Site Drainage & Grading Improvements (3) 98,800 24,700 25%
Setting Iron Monuments 4,800 4,800 100%
Subtotal $1,102,624 $342,776 31%
Design, Admin, Inspection, As-Builts (8%) $88,210 $27,422
Total $1,190,834 $370,198 31%
(1) Original LoC was $1,384,424 including 8% for Design, Admin, Inspections and As-builts
(2) Erosion Control Adjustments to Original LoC.
Original LoC Line Item Amount $0
Adding LoC S507709 Starting Erosion Control Amount $40,350
Transferred to 2nd Addition ($4,200)
Transferred to 3rd Addition ($11,400)
Amount to be added to this LoC, releasing LoC S507709 $24,750
(3) Site Drainage and Grading Improvements Adjustments to Original LoC.
Original LoC Line Item Amount $302,800
Transferred to 2nd Addition ($52,400)
Transferred to 3rd Addition ($151,600)
Revised Site Drainage and Grading Improvements Amount $98,800
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of
January 12, 2021, subject to the two-year guarantee by the Developer per Letter of Credit No. S507727.
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
January 12, 2021, subject to the one-year guarantee by the Developer per Letter of Credit No. S507727.
APPROVED by the City Council on this 12th day of January, 2021.