HomeMy WebLinkAboutCity Council Resolution 2014-386CITY OF PLYMOUTH
RESOLUTION No. 2014-386
A RESOLUTION ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
FOR THE WILLOWS SECOND ADDITION (201 1003)
WHEREAS, in accordance with the development contract dated February 22, 2011, Pulte Homes of
Minnesota, LLC, developer of The Willows Second Addition (2011003), 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:
Tar
Street Construction
Sanitary Sewer
Watermain
Storm Sewer System
Street & Traffic Control Signs
Sidewalk Improvements
Landscaping
Street Lighting
Erosion Control and Seeding
Setting Iron Monuments
Design, Administration, Inspection, As-Builts
ORIGINAL
CURRENT
NEW
AMOUNT
AMOUNT
AMOUNT
$143,842
$72,000
$35,961
43,581
-0-
-0-
89,930
-0-
-0-
68,781
-0-
-0-
2,000
-0-
-0-
22,989
11,500
5,747
237,379
33,675
33,675
15,000
-0-
-0-
26,014
13,007
10,406
4,900
-0-
-0-
78,530
21,690
19,633
TOTAL $732,946 $151,872 $105,422
That the required financial guarantee and Letter of Credit No. 5504695 for the above items be reduced from
$151,872 to $105,422.
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
ORIGINAL NEW
AMOUNT AMOUNT
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm Sewer
Cleaning
Cash: $1,000 $1,000
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. 5504695.
APPROVED this 9th day of December, 2014.