HomeMy WebLinkAboutCity Council Resolution 2021-051
C ITY OF P LYMOUTH
R ESOLUTION N O. 2021-051
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE FOR
G REENWAY W EST 2 ND A DDITION (2019031)
WHEREAS, in accordance with the development contract dated August 6, 2019, Pulte Homes of
Minnesota, LLC, developer of Greenway West 2nd Addition (2019031), 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
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. S508653 for the items be reduced from $906,930 to
$321,103:
Original New % of Original
Item Amount Amount Amount
Street Construction 90,300 54,180 60%
Sanitary Sewer System 242,000 60,500 25%
Watermain System 109,000 27,250 25%
Stom Sewer System 271,500 67,875 25%
Boulevard and Drainage Swale Sod 5,800 5,800 100%
Filtration Basin 39,700 39,700 100%
Retaining Walls 4,200 4,200 100%
Street & Traffic Control Signs 2,200 0 0%
Buffer/Park Posts & Signs 2,700 2,700 100%
Sidewalk Improvements 22,500 13,500 60%
Landscaping 5,000 5,000 100%
Street Lighting 4,000 0 0%
Erosion Control 6,200 4,650 75%
Site Grading & Drainage Improvements 30,250 7,563 25%
Setting Iron Monuments 4,400 4,400 100%
Subtotal $839,750 $297,318 35%
Design, Admin, Insp, As-Builts (8%) $67,180 $23,785
Total $906,930 $321,103 35%
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of
February 9, 2021, subject to the two-year guarantee by the Developer per Letter of Credit No. S508653.
APPROVED by the City Council on this 9th day of February, 2021.