HomeMy WebLinkAboutCity Council Resolution 2023-216
C ITY OF P LYMOUTH
R ESOLUTION N O. 2023-216
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
S ERENITY O N P LYMOUTH C REEK (2014050)
WHEREAS, in accordance with the development contract dated October 14, 2014, Plymouth
Holly Creek, LLC., the developer of Serenity on Plymouth Creek (2014050), 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. 1067 for the items be reduced from $113,223 to $44,252:
% of
Original Previous Original
Item Amount Amount New Amount Amount
Street Construction $85,703 $73,000 $21,426 25%
Sanitary Sewer 32,248 0 $0 0%
Watermain 40,428 0 $0 0%
Storm Sewer System 29,536 0 $0 0%
Boulevard and Drainage Swale Sod 6,450 6,450 $0 0%
Retaining Walls 6,000 0 $0 0%
Pond Construction 6,000 3,000 $3,000 50%
Infiltration Depression 5,000 2,500 $2,500 50%
Street & Traffic Control Signs 660 0 $0 0%
Sidewalk Improvements 8,195 4,900 $2,049 25%
Street Lighting 3,750 0 $0 0%
Erosion Control 7,110 2,986 $0 0%
Site Grading & Drainage Imp. 119,865 12,000 $12,000 10%
Setting Iron Monuments 2,500 0 $0 0%
Tree Preservation and Reforestation 18,625 0 $0 0%
Subtotal $372,070 $104,836 $40,975 11%
Design, Admin, Insp, As-Builts (8%) $29,766 $8,387 $3,278
Total $401,836 $113,223 $44,252 11%
Resolution 2023-216
Page 2
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of August
22, 2023, subject to the one-year guarantee by the developer.
APPROVED by the City Council on this 22nd day of August, 2023.