HomeMy WebLinkAboutCity Council Resolution 2014-376City of Plymouth
Resolution No. 2014 - 376
A Resolution Accepting Utilities for Continual Maintenance
for Elm Creek Highlands East 3rd Addition (2012055)
WHEREAS, in accordance
with the development contract dated October 12, 2012, Pulte Homes of Minnesota, LLC, developer of Elm Creek Highlands East 3rd Addition (2012055), 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
Street Construction in OL A
$127,860
28,833
$63,900
14,500
$51,072
-0-
Sanitary Sewer
96,005
28,800
26,404
Watermain
71,613
21,500
20,306
Storm Sewer System
44,915
13,500
13,632
Boulevard and drainage swale sod
5,000
5,000
2,000
S
treet & Traffic Control Signs
2,500
2,500
1,000
Sidewalk Improvements
Trail Improvements
Landscaping
13,947
14,080
22,000
13,947
14.080
22,000
5,579
5,632
700
Street Lighting
10,000
0
0
Erosion Control
9,023
8,200
3,609
Setting Iron Monuments
6,200
6,200
0
Design, Administration, Inspection, As-Builts(12%)
54,215
6,500
13,554
Total:
$506,011
$220,627
$143
,488
That the required financial guarantee and Letter of Credit No. S504691 for the above items be reduced from $220,627 to $143,488.
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
CURRENT
ITEM
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 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. S504691.
Approved this 9th day of December, 2014