HomeMy WebLinkAboutCity Council Resolution 2014-375CITY OF PLYMOUTH
RESOLUTION No. 2014-375
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR COPPER CREEK ADDITION (20131 1 1)
WHEREAS, in accordance with the development contract dated August, 2014, US Homes Corp.,
DBA Lennar, Copper Creek Addition (2013111), 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:
That the required financial guarantee and Letter of Credit No. 69601615 for the above items be reduced
from $643,571 to $249,983.
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:
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Construction
$179,651
$ 89,826
Sanitary Sewer
114,789
28,697
Watermain
124,361
31,090
Storm Sewer System
65,833
16,458
Boulevard sod and silt fence
6,336
6,336
Pond Construction
40,000
20,000
Street & Traffic Control Signs
1,900
0
Sidewalk Improvements
18,204
18,204
Trail Improvements
22,450
22,450
Street Lighting
9,375
0
Setting Iron Monuments
8,000
0
Removal of Temp. Turn-around(s)
5,000
5,000
Design, Administration, Inspection, As-
47,672
11,922
Builts(12%)
Tota 1:
$643,571
$249,983
That the required financial guarantee and Letter of Credit No. 69601615 for the above items be reduced
from $643,571 to $249,983.
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
ORIGINAL CURRENT
OW)lINT OW)lINT
Cash: $ 1,000 $ 1,000
FURTHER BE IT RESOLVED that the utilities are accepted for continuous maintenance as of
December 9, 2014, subject to the two-year guarantee by the Developer per Letter of Credit No.
69601615.
APPROVED this 9th day of December, 2014.