HomeMy WebLinkAboutCity Council Resolution 2015-255CITY OF PLYMOUTH
RESOLUTION No. 2015-255
RESOLUTION ACCEPTING STREETS FOR CONTINUAL MAINTENANCE
FOR ELM CREEK HIGHLANDS EAST 4TH ADDITION (2013056)
WHEREAS, in accordance with the development contract dated July 9, 2013, Pulte Homes of
Minnesota, LLC, developer of Elm Creek Highlands East 4th Addition (2013056), 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:
Original Current New
Item Amount Amount Amount
Street Construction
$18,300
$18,300
$4,575
Sanitary Sewer
-0-
-0-
-0-
Watermain
-0-
-0-
-0-
Storm Sewer System
-0-
-0-
-0-
Boulevard and Drainage Swale Sod/Seed
-0-
-0-
-0-
Street & Traffic Control Signs
-0-
-0-
-0-
Sidewalk Improvements
7,100
7,100
1,775
Trail Improvements
-0-
-0-
-0-
Landscaping
11,900
11,900
-0-
Street Lighting
-0-
-0-
-0-
Erosion Control
3,000
3,000
-0-
Setting Iron Monuments
3,800
3,800
-0-
Subtotal
$44,100
$44,100
$6,350
Design, Administration, Inspection, As-
Builts(12%)
$3,528
$3,528
$882
Total
$47,628
$47,628
$7,232
That the required financial guarantee and Letter of Credit No. 5504694 for the above items be reduced
from $47,628 to $7,232.
BE IT HEREBY RESOLVED that the financial guarantee requirements for the following items per
Section 31 of the approved Development Contract remain as follows:
ORIGINAL NEW
ITEM AMOUNT AMOUNT
Maintenance of Erosion and Sediment
Control Plan 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. 5504694.
APPROVED by the City Council on this 25th day of August, 2015.