HomeMy WebLinkAboutCity Council Resolution 2015-253CITY OF PLYMOUTH
RESOLUTION No. 2015-253
RESOLUTION ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
FOR TERRA VISTA 2ND (2013008)
WHEREAS, in accordance with the development contract dated April 19, 2014, GWS Land
Development of Plymouth, LLC, developer of Terra Vista 2nd (2013008), 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. 241 for the above items be reduced from
$292,202 to $214,401.
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Construction
$298,407
$ 119,400
$ 74,602
Sanitary Sewer
150,806
37,701
37,701
Watermain
155,005
38,751
38,751
Storm Sewer System
98,899
24,725
24,725
Dunkirk Lane (with storm & watermain)
161,092
-0-
-0-
Street & Traffic Control Signs
3,950
-0-
-0-
Sidewalk Improvements
43,040
21,500
10,760
Trail Improvements
6,100
3,050
1,525
Street lighting
18,000
-0-
-0-
Erosion Control and Blvd Sod
12,710
6,360
5,975
Retaining Walls and Drainage
4,000
2,000
1,000
Setting Iron Monuments
16,100
-0-
-0-
SUB-TOTAL
$968,109
$253,477
$195,039
Design, Admin., Insp., As-Builts (8%)
77,449
38,725
19,362
Total:
$1,045,558
$292,202
$214,401
That the required financial guarantee and Letter of Credit No. 241 for the above items be reduced from
$292,202 to $214,401.
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 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. 241.
APPROVED by the City Council on this 25th day of August, 2015.