HomeMy WebLinkAboutCity Council Resolution 2015-134CITY OF PLYMOUTH
RESOLUTION No. 2015-134
RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR BRYNWOOD (2013095)
WHEREAS, in accordance with the development contract dated June 24, 2014, K. Hovnanian
Homes of Minnesota at Brynwood, LLC, developer of Brynwood (2013095), 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. 69600640 for the above items be reduced
from $950,927 to $811,021.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Construction
$477,408
$ 286,445
$ 286,445
Sanitary Sewer
210,809
84,324
52,700
Watermain
272,066
108,826
68,000
Storm Sewer System
292,369
116,948
73,100
Boulevard and Drainage Swale Sod/Seed
15,000
15,000
15,000
Vicksburg Lane Turn Lanes
17,073
10,244
10,244
Pond Construction
40,000
24,000
24,000
Street & Traffic Control Signs
4,600
-0-
-0-
Sidewalk Improvements
60,750
36,450
33,090
Trail Improvements
3,634
2,180
2,180
Landscaping
94,675
94,675
94,675
Street lighting
13,875
-0-
-0-
Erosion Control
22,709
13,625
17,032
Setting Iron Monuments
11,300
11,300
-0-
Removal of Temp. Turn-arounds
5,000
5,000
5,000
Tree Pres., Reforestation & Erosion Control
76,875
76,875
76,875
SUB -TOTAL
$1,618,143
$901,607
761,701
Design, Admin., Insp., As-Builts (8%)
123,301
49,320
49,320
Total:
$1,741,444
$950,927
$811,021
That the required financial guarantee and Letter of Credit No. 69600640 for the above items be reduced
from $950,927 to $811,021.
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: $1,000 $1,000
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of May
12, 2015, subject to the two-year guarantee by the Developer per Letter of Credit No. 69600640.
APPROVED by the City Council on this 12th day of May, 2015.