HomeMy WebLinkAboutCity Council Resolution 2016-034
C ITY OF P LYMOUTH
R ESOLUTION N O. 2016-034
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE
FOR T RILLIUM W OODS A DDITION (2008085)
WHEREAS, in accordance with the development contract dated March 15, 2013, LCS-
Westminister Partnership V, LLP, developer of Trillium Woods Addition (2008085), 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. IS0080365U for the items be reduced from
$2,487,125 to $990,049:
ORIGINAL NEW
ITEM AMOUNT AMOUNT
Street/Fire Lane/ Parking Lot Const. $868,798 $232,199
Sanitary Sewer 142,783 85,670
Watermain 153,557 92,134
Storm Sewer System 260,362 156,217
Boulevard and Drainage swale sod 12,800 12,800
Street & Traffic Control Signs 5,000 0
Sidewalk Improvements 45,430 11,358
Trail Improvements 37,677 9,419
Retaining Walls/Fences 115,960 28,990
Landscaping 202,640 79,625
Site Lighting 326,040 100,000
Grading & Erosion Control 43,500 21,750
Setting Iron Monuments 6,100 0
Design, Administration, Inspection, As-266,478 159,887
Builts (12%)
Total: $2,487,125 $990,049
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
February 9, 2016, subject to the one-year guarantee by the Developer per Letter of Credit No.
IS0080365U.
APPROVED by the City Council on this 9th day of February, 2016.