HomeMy WebLinkAboutCity Council Resolution 2022-028
C ITY OF P LYMOUTH
R ESOLUTION N O. 2022-028
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE FOR
G REENWAY N ORTH 3 RD A DDITION (2020046)
WHEREAS, in accordance with the development contract dated September 8, 2020, Pulte Homes
of Minnesota, developer of Greenway North 3rd Addition (2020046), 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. S509191 for the items be reduced from $1,272,240 to
$576,866:
% of
Original New
Item Original
Amount Amount
Amount
Street Construction $267,800 160,680 60%
Turn Lane Construction 180,000 0 0%
Sanitary Sewer System 88,200 22,050 25%
Watermain System 68,600 17,150 25%
Storm Sewer System 136,500 34,125 25%
Boulevard and Drainage Swale Sod 59,300 59,300 100%
Filtration Basin 33,800 33,800 100%
Retaining Walls 42,300 42,300 100%
Street & Traffic Control Signs 3,200 0 0%
Wetland Buffer Posts & Signs 3,800 3,800 100%
Sidewalk Improvements 79,400 47,640 60%
Landscaping 33,300 33,300 100%
Street Lighting 8,000 0 0%
Erosion Control 11,400 8,550 75%
Site Drainage & Grading Improvements 151,600 60,640 40%
Setting Iron Monuments 10,800 10,800 100%
Subtotal 1,178,000 534,135 45%
Design, Admin, Inspection, As-Builts (8%) 94,240 42,731
Total 1,272,240 576,866 45%
Resolution No. 2022-028
Page 2
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of
January 25, 2022, subject to the two-year guarantee by the Developer per Letter of Credit No. S509191.
APPROVED by the City Council on this 25th day of January, 2022.