HomeMy WebLinkAboutCity Council Resolution 2021-259
C ITY OF P LYMOUTH
R ESOLUTION N O. 2021-259
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
V ILLAS AT B ASS C REEK (2015033)
WHEREAS, in accordance with the development contract dated October 2, 2015, Bass Lake Hills,
LLC, developer of Villas at Bass Creek (2015033), 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. 20007974112 for the items be reduced from $303,963 to
$143,615:
Original Current New % of Original
Item Amount Amount Amount Amount
Street Construction 311,978 187,187 77,995 25%
Sanitary Sewer 171,414 0 0 0%
Watermain 157,280 0 0 0%
Storm Sewer System 133,482 0 0 0%
Boulevard and Drainage Swale Sod/Seed 10,250 10,250 10,250 100%
Retaining Walls 32,000 0 0 0%
Pond Construction 10,000 5,000 5,000 50%
Street & Traffic Control Signs 1,000 0 0 0%
Sidewalk Improvements 42,975 25,785 10,744 25%
Trail Improvements 25,500 15,300 6,375 25%
Landscaping 61,250 15,313 0 0%
Street Lighting 19,875 0 0 0%
Erosion Control 16,525 8,263 8,263 50%
Site Grading & Drainage Improvements 41,000 14,350 14,350 35%
Setting Iron Monuments 14,900 0 0 0%
Tree Preservation and Reforestation (3) 15,469 0 0 0%
Subtotal $1,064,898 $281,447 $132,977 12%
Design, Admin, Inspec, As-Builts (8%) $85,192 $22,516 $10,638 8%
Total $1,150,090 $303,963 $143,615 12%
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
September 14, 2021, subject to the one-year guarantee by the Developer per Letter of Credit No.
20007974112.
APPROVED by the City Council on this 14th day of September, 2021.