HomeMy WebLinkAboutCity Council Resolution 2015-254CITY OF PLYMOUTH
RESOLUTION No. 2015-254
RESOLUTION ACCEPTING STREETS 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; 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. 5504691 for the above items be reduced
from $143,488 to $114,868.
Original
Current
New
Item
Amount
Amount
Amount
Street Construction
$127,860
$51,072
$31,965
Street Construction in OL A
28,833
-0-
-0-
Sanitary Sewer
96,005
26,404
26,404
Watermain
71,613
20,306
20,306
Storm Sewer System
44,915
13,632
13,632
Boulevard and Drainage Swale Sod/Seed
5,000
2,000
2,000
Street & Traffic Control Signs
2,500
1,000
-0-
Sidewalk Improvements
13,947
5,579
3,487
Trail Improvements
14,080
5,632
3,520
Landscaping
22,000
700
-0-
Street Lighting
10,000
-0-
-0-
Erosion Control
9,023
3,609
-0-
Setting Iron Monuments
6,200
-0-
-0-
Subtotal
$451,796
$129,934
$101,314
Design, Administration, Inspection, As-
Builts(12%)
$54,215
$13,554
$13,554
Total
$506,011
$143,488
$114,868
That the required financial guarantee and Letter of Credit No. 5504691 for the above items be reduced
from $143,488 to $114,868.
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. 5504691.
APPROVED by the City Council on this 25th day of August, 2015.