HomeMy WebLinkAboutCity Council Resolution 2022-263
C ITY OF P LYMOUTH
R ESOLUTION N O. 2022-263
R ESOLUTION A CCEPTING S TREETS 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 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. 158 for the items be reduced from $882,193 to
$563,274:
% of
Original Current New Original
Item Amount Amount Amount Amount
Street Construction $450,700 $270,420 $112,675 25%
Turn Lane Construction $94,400 $56,640 23,600 25%
Sanitary Sewer System 235,700 58,925 58,925 25%
Watermain System 331,900 82,975 82,975 25%
Storm Sewer System 181,100 45,275 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 18,850 25%
Trail Improvements 21,200 12,720 5,300 25%
CR 101 Trail Improvements 202,000 121,200 50,500 25%
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 $816,845 $521,550 27%
Design, Admin, Inspec, As-Builts (8%) $156,744 $65,348 $41,724
Total $2,116,044 $882,193 $563,274 27%
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
October 25, 2022, subject to the one-year guarantee by the Developer per Letter of Credit No. 158.
APPROVED by the City Council on this 25th day of October, 2022.