HomeMy WebLinkAboutCity Council Resolution 2021-288
C ITY OF P LYMOUTH
R ESOLUTION N O. 2021-288
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
C REEKSIDE H ILLS 4 TH A DDITION (2018054)
WHEREAS, in accordance with the development contract dated April 9, 2019, Creekside Hills
Development, Inc., developer of Creekside Hills 4th Addition (2018054), 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. 1213 for the items be reduced from $378,950 to $236,925:
% of
Original Current New Original
Item Amount Amount Amount Amount
Street Construction 310,200 186,120 77,550 25%
Sanitary Sewer System 131,000 32,750 32,750 25%
Watermain System 109,000 27,250 27,250 25%
Storm Sewer System 41,200 10,300 10,300 25%
Boulevard and Drainage Swale Sod/Seed 6,300 6,300 6,300 100%
Street & Traffic Control Signs 1,000 0 0 0%
Sidewalk Improvements 40,100 24,060 10,025 25%
Street Lighting 2,500 0 0 0%
Erosion Control (75%) 15,200 15,200 15,200 100%
Site Drainage & Grading Improvements (50%) 160,000 40,000 40,000 25%
Setting Iron Monuments 8,900 8,900 0 0%
Subtotal $825,400 $350,880 $219,375 27%
Design, Admin, Inspection, As-Builts (8%) $66,032 $28,070 $17,550
Total $891,432 $378,950 $236,925 27%
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
October 12, 2021 subject to the one-year guarantee by the Developer per Letter of Credit No. 1213.
APPROVED by the City Council on this 12th day of October 2021.