HomeMy WebLinkAboutCity Council Resolution 2012-200CITY OF PLYMOUTH
RESOLUTION NO. 2012-200
A RESOLUTION ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
FOR ELM CREEK HIGHLANDS 2ND ADDITION (201001 3)
WHEREAS, in accordance with the development contract dated March 23, 2010, Pulte
Homes of Minnesota, LLC, developer of Elm Creek Highlands 2" a Addition (2010013), 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:
ITEM
Street Constriction
Sanitary Sewer
Watermain
Storm Sewer System
Boulevard and Drainage Swale
Sod/Seed
Pond Constriction
Street & Traffic Control Signs
Sidewalk Improvements
Trail Improvements
Landscaping
Street Lighting
Site Grading and Drainage
Improvements
Setting Iron Monuments
SUB -TOTAL
Design, Administration, Inspection,
As-Builts (12%)
Total:
ORIGINAL
CURRENT
NEW
AMOUNT
AMOUNT
AMOUNT
$221,447
$ 88,600
$ 55,361
153,230
38,400
38,400
153,203
38,400
38,400
133,746
33,500
33,500
52,564
26,282
13,141
79,600
20,000
20,000
5,500
1,400
1,400
18,944
4,800
4,736
6,700
1,700
1,675
209,150
104,575
104,575
20,000
0
0
353,400
88,400
88,350
13,000
13,000
13,000
$1,420,484
$459,057
$412,538
$170,458
55,086
49,504
1,590,942
$514,143
$462,042
That the required financial guarantee and Letter of Credit No. DBS -18828 for the above items be
reduced from $514,143 to $462,042.
FURTHER BE IT RESOLVED that the financial guarantee requirements for the
following items per Section 8.1 of the approved Development Contract remain as follows:
ITEM
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm Sewer
Cleaning (for Elm Creek Highlands 2"a and -1
Cash:
Financial Guarantee Letter of Credit No F854391
ORIGINAL NEW
AMOUNT AMOUNT
$1,000 $1,000
$29,000 $29,000
Tree Preservation Financial Guarantee Letter of Credit F854390 $41,850 $20,500
(for Elm Creek Highlands 2"a and -1
FURTHER BE IT RESOLVED that the streets are accepted for continuous maintenance
as of July 10, 2012, subject to the one-year guarantee by the Developer per Letter of Credit No.
DBS -18828.
Approved this 10th day of July, 2012.