HomeMy WebLinkAboutCity Council Resolution 2022-316
C ITY OF P LYMOUTH
R ESOLUTION N O. 2022-316
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
G REENWAY W EST 2 ND A DDITION (2019031)
WHEREAS, in accordance with the development contract dated August 6, 2019, Pulte Homes of
Minnesota, LLC, developer of Greenway West 2nd Addition (2019031), 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. S508653 for the items be reduced from $321,103 to
$272,093:
Original Current New % of Original
Item Amount Amount Amount Amount
Street Construction 90,300 54,180 22,575 25%
Sanitary Sewer System 242,000 60,500 60,500 25%
Watermain System 109,000 27,250 27,250 25%
Storm Sewer System 271,500 67,875 67,875 25%
Boulevard and Drainage Swale Sod 5,800 5,800 1,450 25%
Filtration Basin 39,700 39,700 39,700 100%
Retaining Walls 4,200 4,200 4,200 100%
Street & Traffic Control Signs 2,200 0 0 0%
Buffer/Park Posts & Signs 2,700 2,700 2,700 100%
Sidewalk Improvements 22,500 13,500 5,625 25%
Landscaping 5,000 5,000 5,000 100%
Street Lighting 4,000 0 0 0%
Erosion Control 6,200 4,650 3,100 50%
Site Grading & Drainage Improvements 30,250 7,563 7,563 25%
Setting Iron Monuments 4,400 4,400 4,400 100%
Subtotal $839,750 $297,318 $251,938 30%
Design, Admin, Insp, As-Builts (8%) $67,180 $23,785 $20,155
Total $906,930 $321,103 $272,093 30%
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
December 13, 2022, subject to the one-year guarantee by the Developer.
APPROVED by the City Council on this 13th day of December, 2022.