HomeMy WebLinkAboutCity Council Resolution 2021-296
C ITY OF P LYMOUTH
R ESOLUTION N O. 2021-296
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
W ESTIN R IDGE F IRST A DDITION (2018078)
WHEREAS, in accordance with the development contract dated August 27, 2019, West Plymouth
Development, Inc., developer of Westin Ridge First Addition (2018078), 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. 1224 for the items be reduced from $864,011 to $539,703:
% of
Original Current New Original
Item Amount Amount Amount Amount
Street Construction 465,600 279,360 116,400 25%
Sanitary Sewer System 287,400 71,850 71,850 25%
Watermain System 385,000 96,250 96,250 25%
Storm Sewer System 296,400 74,100 74,100 25%
Boulevard and Drainage Swale Sod 10,000 7,500 5,000 50%
Retaining Walls 11,900 11,900 11,900 100%
Pond Construction 15,800 15,800 7,900 50%
Infiltration Basin 35,600 35,600 17,800 50%
Street & Traffic Control Signs 1,700 0 0 0%
Wetland Buffer Posts & Signs 2,400 0 0 0%
Sidewalk Improvements 62,000 37,200 15,500 25%
Trail Improvements 38,800 38,800 9,700 25%
Landscaping 15,000 15,000 15,000 100%
Street Lighting 5,000 0 0 0%
Site Grading & Drainage 233,300 116,650 58,325 25%
Setting Iron Monuments 18,300 0 0 0%
Subtotal $1,884,200 $800,010 $499,725 27%
Design, Admin, Inspect, As-Builts (8%) $150,736 $64,001 $39,978
Total $2,034,936 $864,011 $539,703 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. 1224.
APPROVED by the City Council on this 12th day of October, 2021.