HomeMy WebLinkAboutCity Council Resolution 2016-033
C ITY OF P LYMOUTH
R ESOLUTION N O. 2016-033
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE
FOR B RYNWOOD 2 ND A DDITION (2015027)
WHEREAS, in accordance with the development contract dated June 10, 2015, K. Hovnanian
Homes of Minnesota at Brynwood LLC, developer of Brynwood 2nd Addition (2015027), 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.
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 below and that the
required financial guarantee and Letter of Credit No. 69604269 for the items be reduced from $564,347
to $271,827:
ORIGINAL NEW
ITEM AMOUNT AMOUNT
Street Construction $190,415 $ 114,249
Sanitary Sewer 71,638 17,910
Watermain 90,646 22,621
Storm Sewer System 80,029 20,507
Boulevard and Drainage swale sod 5,200 5,200
Removal of Temp. Cul-De-Sac 1,500 1,500
Street & Traffic Control Signs 13,150 1,890
Sidewalk Improvements 37,845 22,707
Landscaping 15,400 15,400
Street Lighting 8,250 8,250
Erosion Control 10,071 10,071
Setting Iron Monuments 6,400 6,400
Design, Administration, Inspection, As-41,803 25,082
Builts (8%)
Total: $564,347 $271,827
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of
February 9, 2016, subject to the two-year guarantee by the Developer per Letter of Credit No.
69604269.
APPROVED by the City Council on this 9th day of February, 2016.