HomeMy WebLinkAboutCity Council Resolution 2023-310
C ITY OF P LYMOUTH
R ESOLUTION N O. 2023-310
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE FOR
F IELDS OF V ICKSBURG (2021060)
WHEREAS, in accordance with the development contract dated September 28, 2021, R & R
Construction of Minneapolis, Inc, developer of Fields of Vicksburg (2021060), 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. 19536 for the items be reduced from $84,753 to $82,053:
Original Current New % of Original
ITEM
Amount Amount Amount Amount
Street Construction $46,500 $11,625 $11,625
25%
Sanitary Sewer System $32,000 $8,000 $8,000
25%
Watermain System $15,400 $3,850 $3,850
25%
Storm Sewer System $43,400 $10,850 $10,850
25%
Boulevard and Drainage Swale Sod $5,000 $5,000 $2,500
50%
Filtration Basin $40,000 $20,000 $20,000
50%
Street and Traffic Control Signs $600 $0 $0
0%
Wetland Buffer Posts & Signs $750 $750 $750
100%
Sidewalk Improvements $1,000 $250 $250
25%
Trail Improvements $17,100 $4,275 $4,275
25%
Landscaping $2,500 $0 $0
0%
Street Lighting $500 $0 $0
0%
Erosion control $7,500 $5,625 $5,625
75%
Site Grading & Drainage Improvements $33,000 $8,250 $8,250
25%
Setting Iron Monuments $1,800 $0 $0
0%
Tree Preservation / Protection $5,000 $0 $0
0%
Sub-Total $252,050 $78,475 $75,975 30%
Design, Admin. Insp, As-builts (8%) $20,164 $6,278 $6,078
TOTAL $272,214 $84,753 $82,053 30%
Resolution 2023-310
Page 2
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
December 12, 2023, subject to the one-year guarantee by the Developer per Letter of Credit No. 19536.
APPROVED by the City Council on this 12th day of December, 2023.