HomeMy WebLinkAboutCity Council Resolution 2022-214
C ITY OF P LYMOUTH
R ESOLUTION N O. 2022-214
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
E LM C REEK P LACE (2016014)
WHEREAS, in accordance with the development contract dated August 17, 2016, Elm Creek
Meadows, LLC, developer of Elm Creek Place (2016014), has agreed to install certain improvements for
said development; and
WHEREAS, the developer has completed a portion of the street, utility and site grading.
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. 202 for the items be reduced from $300,441 to
$146,620:
% of
Original Current New Original
Item Amount Amount Amount Amount
Street Construction $290,700 $174,420 $72,675 25%
Turning & By-Pass Lane 68,000 0 0 0%
Sanitary Sewer 325,000 0 0 0%
Watermain 232,700 0 0 0%
Storm Sewer System 135,100 0 0 0%
Boulevard and Drainage Swale Sod/Seed 4,000 2,400 2,400 60%
Retaining Walls 140,000 0 0 0%
Pond Construction 20,000 10,000 10,000 50%
Rain Garden/Infiltration Basin 22,600 11,300 11,300 50%
Street & Traffic Control Signs 2,350 0 0 0%
Sidewalk Improvements 49,300 29,580 12,325 25%
Landscaping 167,550 12,566 0 0.0%
Street Lighting 12,500 0 0 0%
Erosion Control 26,250 13,125 13,125 50%
Site Grading and Drainage Improvements 165,300 24,795 24,795 15%
Setting Iron Monuments 13,700 0 0 0%
Subtotal $1,675,050 $278,186 $146,620 9%
Design, Admin, Insp, As-Builts (8%) $134,004 $22,255 $11,730 8%
Total $1,809,054 $300,441 $158,350 9%
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of August
30, 2022, subject to the one-year guarantee by the Developer per Letter of Credit No. 202.
APPROVED by the City Council on this 30th day of August, 2022.