HomeMy WebLinkAboutCity Council Resolution 2012-184CITY OF PLYMOUTH
RESOLUTION No. 2012-184
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR ELM CREEK HIGHLANDS EAST (2010048)
WHEREAS, in accordance with the development contract dated July 26, 2011, Pulte
Homes of Minnesota, LLC, developer of Elm Creek Highlands East (2010048), 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; and
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:
That the required financial guarantee and Letter of Credit No. DBS -19424 for the above items be
reduced from $1,005,584 to $381,520.
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Constriction
$246,806
$ 123,043
Sanitary Sewer
138,032
34,508
Watermain
117,193
29,298
Storm Sewer System
186,818
46,705
Boulevard and Drainage Swale
Sod/Seed
9,000
9,000
Street & Traffic Control Signs
8,000
-0-
Sidewalk Improvements
48,201
24,100
Trail Improvements
27,092
20,319
Landscaping & Retaining Walls
65,000
16,250
Street Lighting
15,000
-0-
Erosion Control & Seeding
21,920
21,920
Setting Iron Monuments
9,500
9,500
Wetland Mitigation and Restoration
6,000
6,000
SUB -TOTAL
$897,842
$340,643
Design, Administration, Inspection,
As-Builts (12%)
$107,742
40,877
Total:
1,005,584
$381,520
That the required financial guarantee and Letter of Credit No. DBS -19424 for the above items be
reduced from $1,005,584 to $381,520.
FURTHER BE IT RESOLVED that the financial guarantee requirements for the
following items per Section 31 of the approved Development Contract remain as follows:
ITEM
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm Sewer
Cleaning
Cash:
ORIGINAL NEW
AMOUNT AMOUNT
$2,000 $2,000
FURTHER BE IT RESOLVED that the utilities are accepted for continuous maintenance
as of June 26, 2012, subject to the two-year guarantee by the Developer per Letter of Credit No.
DBS -19424.
Approved this 26th day of June, 2012.