HomeMy WebLinkAboutCity Council Resolution 2016-213
C ITY OF P LYMOUTH
R ESOLUTION N O. 2016-213
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE
FOR W OOD C REST H ILLS A DDITION (2013017)
WHEREAS, in accordance with the development contract dated April 23, 2013, Hanson Companies,
LLC, developer of Wood Crest Hills Addition (2013017), 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. 245 for the items be reduced from $173,372 to $158,937:
ORIGINAL CURRENT NEW
ITEM AMOUNT AMOUNT AMOUNT
Street Construction $180,600 $54,180 $ 45,150
Sanitary Sewer 69,506 17,377 17,377
Watermain 88,540 22,135 22,135
Storm Sewer System 93,800 23,450 23,450
Boulevard and Drainage Swale Sod 5,500 0 0
Retaining Walls 40,000 0 0
Pond Construction 10,000 5,000 5,000
Turning and By-Pass Lanes 108,100 32,430 27,025
Street & Traffic Control Signs 1,800 0 0
Sidewalk Improvements 21,600 5,400 5,400
Street Lighting 11,250 0 0
Erosion Control 1,100 550 550
Site Grading and Drainage Imp. 30,000 4,500 4,500
Setting Iron Monuments 11,600 0 0
Tree Preservation/Reforestation 6,219 1,554 1,554
Design, Administration, Inspection, As-54,369 6,796 6,796
Builts(8%)
Total: $733,984 $173,372 $158,937
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of July 12,
2016, subject to the one-year guarantee by the Developer per Letter of Credit No. 245.
APPROVED by the City Council on this 12th day of July, 2016.