HomeMy WebLinkAboutCity Council Resolution 2022-022
C ITY OF P LYMOUTH
R ESOLUTION N O. 2022-022
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
G REENWAY N ORTH 2 ND A DDITION (2019063)
WHEREAS, in accordance with the development contract dated September 5, 2019, Pulte Homes
of Minnesota, developer of Greenway North 2nd Addition (2019063), 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. S508753 for the items be reduced from $293,360 to
$127,521:
% of
Original Current New
Item Original
Amount Amount Amount
Amount
Street Construction $125,300 $75,180 31,325 25%
Sanitary Sewer System 108,500 27,125 27,125 25%
Watermain System 81,500 20,375 20,375 25%
Storm Sewer System 46,400 11,600 11,600 25%
Boulevard and Drainage Swale Sod 22,400 16,800 5,600 25%
Retaining Walls 21,200 21,200 0 0%
Street & Traffic Control Signs 700 0 0 0%
Wetland Buffer Posts & Signs 1,100 1,100 0 0%
Sidewalk Improvements 31,600 18,960 7,900 25%
Landscaping 22,400 22,400 0 0%
Street Lighting 4,000 0 0 0%
Erosion Control 4,200 3,150 1,050 25%
Site Drainage & Grading Improvements 52,400 44,540 13,100 25%
Setting Iron Monuments 9,200 9,200 0 0%
Subtotal 530,900 271,630 118,075 22%
Design, Admin, Inspection, As-Builts (8%) 42,472 21,730 9,446
Total 573,372 293,360 127,521 22%
Resolution No. 2022-022
Page 2
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
January 25, 2022, subject to the one-year guarantee by the Developer per Letter of Credit No. S508753.
APPROVED by the City Council on this 25th day of January, 2022.