HomeMy WebLinkAboutCity Council Resolution 2016-036
C ITY OF P LYMOUTH
R ESOLUTION N O. 2016-036
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE
FOR C REEK R IDGE OF P LYMOUTH A DDITION (2013018)
WHEREAS, in accordance with the development contract dated September 10, 2013, The Ryland
Group Inc, developer of Creek Ridge of Plymouth Addition (2013018), 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. 69603629 for the items be reduced from $1,035,935 to $692,422:
ORIGINAL NEW
ITEM AMOUNT AMOUNT
Street Construction $194,876 $ 48,719
Sanitary Sewer 146,367 146,367
Sanitary Sewer Lift Station 36,308 36,308
Watermain 88,407 88,407
Storm Sewer System 91,521 91,521
Boulevard and Drainage swale sod 7,300 7,300
Pond Construction 10,000 10,000
Filtration Basin 5,000 5,000
Street & Traffic Control Signs 2,200 0
Sidewalk Improvements 28,528 7,132
Landscaping 30,360 30,360
Erosion Control 8,068 8,068
Site Grading & Drainage Improvements 232,634 81,421
Setting Iron Monuments 7,200 0
Wetland Mitigation and Restoration 70,430 70,430
Design, Administration, Inspection, As-76,736 61,389
Builts (8%)
Total: $1,035,935 $692,422
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. 69603629.
APPROVED by the City Council on this 9th day of February, 2016.