HomeMy WebLinkAboutCity Council Resolution 2015-252CITY OF PLYMOUTH
RESOLUTION No. 2015-252
RESOLUTION ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
FOR TERRA VISTA (201 1095)
WHEREAS, in accordance with the development contract dated June 11, 2012, GWS Land
Development of Plymouth, LLC, developer of Terra Vista (2011095), 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:
Design, Administration, Inspection, As-
Builts(12%)
$242,895 $60,724 $60,724
Total $2,267,017 $613,310 $277,245
Original
Current
New
Item
Amount
Amount
Amount
Street Construction
$568,115
$142,000
$142,000
County Road 47 Turn/Bypass Lane
84,935
33,974
21,234
Sanitary Sewer
267,672
66,900
-0-
Watermain
357,100
89,300
-0-
Storm Sewer System
199,340
49,800
-0-
Boulevard and Drainage Swale Sod/Seed
30,681
27,000
7,670
Pond Construction
30,000
15,000
15,000
Infiltration Basins
30,000
20,000
9,900
Retaining Walls
59,670
-0-
-0-
Street & Traffic Control Signs
6,300
-0-
-0-
Sidewalk Improvements
56,500
22,600
14,125
Trail Improvements
15,900
6,400
3,975
Landscaping
1,800
1,800
-0-
Street Lighting
20,250
-0-
-0-
Erosion Control and Seeding
8,723
4,362
2,617
Site Grading and Drainage Improvements
195,061
39,012
-0-
Setting Iron Monuments
23,200
-0-
-0-
Tree Preservation/Reforestation
68,875
34,438
-0-
Subtotal
$2,024,122
$552,586
$216,521
Design, Administration, Inspection, As-
Builts(12%)
$242,895 $60,724 $60,724
Total $2,267,017 $613,310 $277,245
That the required financial guarantee and Letter of Credit No. 216 for the above items be reduced from
$613,310 to $277,245.
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
Maintenance of Erosion and Sediment
Control Plan Cash
ORIGINAL
AMOUNT
$1,000
NEW
AMOUNT
$1,000
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of August
25, 2015, subject to the one-year guarantee by the Developer per Letter of Credit No. 216.
APPROVED by the City Council on this 25th day of August, 2015.