HomeMy WebLinkAboutCity Council Resolution 2016-212
C ITY OF P LYMOUTH
R ESOLUTION N O. 2016-212
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE
FOR S ERENITY ON P LYMOUTH C REEK (2014050)
WHEREAS, in accordance with the development contract dated October 14, 2014, Plymouth
Holly Creek, LLC., developer of Serenity on Plymouth Creek (2014050), 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. 1067 for the items be reduced from $217,868 to
$181,901:
ORIGINAL CURRENT NEW
ITEM AMOUNT AMOUNT AMOUNT
Street Construction $85,703 $60,000 $73,000
Sanitary Sewer 32,248 23,000 8,100
Watermain 40,428 28,000 10,100
Storm Sewer System 29,536 21,000 7,400
Boulevard and Drainage Swale Sod 6,450 6,450 6,450
Retaining Walls 6,000 6,000 0
Pond Construction 6,000 3,000 3,000
Infiltration Depression 5,000 2,500 2,500
Street & Traffic Control Signs 660 660 0
Sidewalk Improvements 8,195 8,195 4,900
Street Lighting 3,750 3,750 0
Erosion Control 7,110 4,977 4,977
Site Grading & Drainage Imp. 119,865 48,000 48,000
Setting Iron Monuments 2,500 2,500 0
Tree Preservation and Reforestation 18,625 0 0
Design, Admin, Insp, As-Builts (8%) 29,765 20,836 13,474
Total: $401,835 $217,868 $181,901
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of July
12, 2016, subject to the two-year guarantee by the Developer per Letter of Credit No. 1067.
APPROVED by the City Council on this 12th day of July, 2016.