HomeMy WebLinkAboutCity Council Resolution 2015-101CITY OF PLYMOUTH
RESOLUTION No. 2015-101
RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR ELM CREEK HIGHLANDS EAST 2ND (2010048)
WHEREAS, in accordance with the development contract dated July 26, 2011, Pulte Homes of
Minnesota, LLC, developer of Elm Creek Highlands East 2nd (2010048), 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:
That the required financial guarantee and Letter of Credit No. 5504617 for the above items be reduced
from $381,520 to $127,916.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Construction
$246,806
$ 123,043
$ 61,700
Sanitary Sewer
138,032
34,508
-0-
Watermain
117,193
29,298
-0-
Storm Sewer System
186,818
46,705
-0-
Boulevard and Drainage Swale
Sod/Seed
9,000
9,000
9,000
Street & Traffic Control Signs
8,000
-0-
-0-
Sidewalk Improvements
48,201
24,100
12,000
Trail Improvements
27,092
20,319
6,800
Landscaping & Retaining Walls
65,000
16,250
-0-
Street Lighting
15,000
-0-
-0-
Erosion Control & Seeding
21,920
21,920
5,480
Setting Iron Monuments
9,500
9,500
-0-
Wetland Mitigation and Restoration
6,000
6,000
6,000
SUB -TOTAL
$897,842
$340,643
$100,980
Design, Administration, Inspection, As-
Builts(12%)
$107,742
40,877
26,936
Total:
1,005,584
$381,520
$127,916
That the required financial guarantee and Letter of Credit No. 5504617 for the above items be reduced
from $381,520 to $127,916.
BE IT HEREBY RESOLVED that the financial guarantee requirements for the following items per
Section 31 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: $2,000 $2,000
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of April
14, 2015, subject to the one-year guarantee by the Developer per Letter of Credit No. 5504617.
APPROVED by the City Council on this 14th day of April, 2015.