HomeMy WebLinkAboutCity Council Resolution 2016-285
C ITY OF P LYMOUTH
R ESOLUTION N O. 2016-285
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE
FOR M APLE C REEK M EADOWS 2 ND A DDITION (2016007)
WHEREAS, in accordance with the development contract dated April 12, 2016, Lawndale 47, LLC,
developer of Maple Creek Meadows 2nd Addition (2016007), 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. 350 for the items be reduced from $329,401 to
$126,181:
Original New
Item Amount Amount
Street Construction 128,340 64,170
Sanitary Sewer 63,503 15,876
Watermain 48,200 12,050
Storm Sewer System 30,533 7,633
Boulevard Sod & Silt Fence 3,160 3,160
Removal of Temp Cul-De-Sac 2,000 0
Sidewalk Improvements 13,390 6,695
Street Lighting 7,875 0
Erosion Control 3,000 2,250
Setting Iron Monuments 5,000 5,000
Subtotal $305,001 $116,834
Design, Administration, Inspection, As-
Builts(8%) $24,400 $9,347
Total $329,401 $126,181
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of
September 13, 2016, subject to the two-year guarantee by the Developer per Letter of Credit No. 350.
APPROVED by the City Council on this 13th day of September, 2016.