HomeMy WebLinkAboutCity Council Resolution 2021-297
C ITY OF P LYMOUTH
R ESOLUTION N O. 2021-297
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE FOR
W ESTIN R IDGE S ECOND A DDITION (2020007)
WHEREAS, in accordance with the development contract dated June 1, 2020, West Plymouth
Development Inc., developer of Westin Ridge 2nd Addition (2020007), has agreed to install certain
improvements for said development; and
WHEREAS, the developer has completed portions of the street, utility and site grading as noted
below; and
WHEREAS, the developer has requested a reduction and release 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 and released as follows below and
that the required guarantee and Letter of Credit No. 158 for the items be reduced from $1,180,764 to
$882,193:
% of
Original Current New Original
Item Amount Amount Amount Amount
Street Construction $450,700 $270,420 $270,420 60%
Turn Lane Construction $94,400 $56,640 56,640 60%
Sanitary Sewer System 235,700 117,850 58,925 25%
Watermain System 331,900 165,950 82,975 25%
Storm Sewer System 181,100 90,550 45,275 25%
Boulevard and Drainage Swale Sod 13,100 13,100 13,100 100%
Street and Traffic Control Signs 2,500 0 0 0%
Wetland Buffer Posts & Signs 2,700 0 0 0%
Sidewalk Improvements 75,400 45,240 45,240 60%
Trail Improvements 21,200 21,200 12,720 60%
CR 101 Trail Improvements 202,000 202,000 121,200 60%
Landscaping 15,000 15,000 15,000 100%
Street Lighting 5,000 0 0 0%
Site Grading & Drainage Improvements 277,000 69,250 69,250 25%
Erosion Control 34,800 26,100 26,100 75%
Setting Iron Monuments 16,800 0 0 0%
Subtotal $1,959,300 $1,093,300 $816,845 42%
Design, Admin, Inspec, As-Builts (8%) $156,744 $87,464 $65,348
Total $2,116,044 $1,180,764 $882,193 42%
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of
October 12, 2021, subject to the two-year guarantee by the Developer per Letter of Credit No. 158.
APPROVED by the City Council on this 12th day of October, 2021.