HomeMy WebLinkAboutCity Council Resolution 2011-366CITY OF PLYMOUTH
RESOLUTION No. 2011-366
A RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE
FOR THE WILLOWS SECOND ADDITION (201 1003)
WHEREAS, in accordance with the development contract dated February 22, 2011, Pulte
Homes of Minnesota, LLC, developer of The Willows Second Addition (2011003), 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. DBS -19198 for the above items be
reduced from $732,946 to $450,648.
FURTHER BE IT RESOLVED that the financial guarantee requirements for the
following items per Section 8.1 of the approved Development Contract remain as follows:
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Construction
$143,842
$72,000
Sanitary Sewer System
43,581
10,895
Watermain System
89,930
22,482
Storm Sewer System
68,781
17,195
Street and Traffic Control Signs
2,000
0
Sidewalk Improvements
22,989
11,500
Landscaping
237,379
237,379
Street Lighting
15,000
0
Erosion Control & Seeding
26,014
26,014
Setting Iron Monuments
4,900
4,900
SUB -TOTAL:
$654,416
$402,365
Design, Admin., Insp., As-Builts
(12%)
78,530
48,283
TOTAL:
$732,946
$450,648
That the required financial guarantee and Letter of Credit No. DBS -19198 for the above items be
reduced from $732,946 to $450,648.
FURTHER BE IT RESOLVED that the financial guarantee requirements for the
following items per Section 8.1 of the approved Development Contract remain as follows:
Resolution No. 2011-366
Page 2 of 2
ORIGINAL NEW
ITEM AMOUNT AMOUNT
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm Sewer
Cleaning
Cash: $1,000 $1,000
FURTHER BE IT RESOLVED that the utilities are accepted for continuous maintenance
as of October 25, 2011, subject to the two-year guarantee by the Developer per Letter of Credit
No. DBS -19198.
Approved this 25th day of October, 2011.