HomeMy WebLinkAboutCity Council Resolution 2016-261
C ITY OF P LYMOUTH
R ESOLUTION N O. 2016-261
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE
FOR C OPPER C REEK (2013111)
WHEREAS, in accordance with the development contract dated September 8, 2014, US Homes
Corp., DBA Lennar, developer of Copper Creek Addition (2013111), 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. 69601615 for the items be reduced from $249,983
to $171,522:
Original Current
Item Amount Amount New Amount
Street Construction $179,651 $89,826 $44,900
Sanitary Sewer 114,789 28,697 28,697
Watermain 124,361 31,090 31,090
Storm Sewer System 65,833 16,458 16,458
Boulevard Sod and Silt fence 6,336 6,336 1,900
Pond Construction 40,000 20,000 20,000
Street & Traffic Control Signs 1,900 0 0
Sidewalk Improvements 18,204 18,204 4,500
Trail Improvements 22,450 22,450 5,600
Street Lighting 9,375 0 0
Setting Iron Monuments 8,000 0 0
Removal of Temp. Turn-arounds 5,000 5,000 0
Design, Administration, Inspection, As-Builts
(12%) $47,672 11,922 18,377
Total $643,571 $249,983 $171,522
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of August
9, 2016, subject to the one-year guarantee by the Developer per Letter of Credit No. 69601615.
APPROVED by the City Council on this 9th day of August, 2016.