HomeMy WebLinkAboutCity Council Resolution 2014-382CITY OF PLYMOUTH
RESOLUTION No. 2014-382
A RESOLUTION ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
FOR ELM CREEK HIGHLANDS THIRD ADDITION (2010047)
WHEREAS, in accordance with the development contract dated January 11, 2011, Pulte Homes
of Minnesota, LLC, developer of Elm Creek Highlands Third Addition (2010047), 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:
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Construction
$128,668
$ 64,334
$ 32,167
Sanitary Sewer
103,908
0
0
Watermain
74,180
0
0
Storm Sewer System
130,191
0
0
Boulevard and Drainage Swale
Sod/Seed
9,000
1,000
0
Pond Construction
72,650
0
0
Street & Traffic Control Signs
6,600
0
0
Sidewalk Improvements
17,040
8,520
4,260
Trail Improvements
22,000
11,000
5,500
Landscaping & Fences
121,850
87,000
0
Street Lighting
10,000
0
0
Site Grading and Drainage
Improvements
32,300
2,500
0
Setting Iron Monuments
5,100
0
0
Design, Administration, Inspection, As-
88,019
22,004
8,802
Builts(12%)
Total:
$821,506
$196,358
$50,729
That the required financial guarantee and Letter of Credit No. 5504692 for the above items be reduced
from $196,358 to $50,729. Also, that Letter of Credit No. 5504690 in the amount of $38,185 for erosion
control is hereby released.
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)l1NT OW)l1NT
Cash: $ 2,000 $ 2,000
FURTHER BE IT RESOLVED that the streets are accepted for continuous maintenance as of
December 9, 2014, subject to the one-year guarantee by the Developer per Letter of Credit No.
5504692.
APPROVED this 9th day of December, 2014.