HomeMy WebLinkAboutCity Council Resolution 2016-337
C ITY OF P LYMOUTH
R ESOLUTION N O. 2016-337
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE
FOR A SPEN H OLLOW 2 ND (2016003)
WHEREAS, in accordance with the development contract dated April 27, 2016, Pulte Homes of
Minnesota, LLC, developer of Aspen Hollow 2nd (2016003), 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 and that the required
financial guarantee and Letter of Credit No. 3132538 for the items be reduced from $1,001,111 to
$749,120:
Original Current New
Item Amount Amount Amount
Street Construction 407,300 244,380 244,380
Sanitary Sewer 209,800 104,900 52,450
Watermain 159,300 79,650 39,825
Storm Sewer System 228,700 114,350 57,175
Boulevard Sod & Silt Fence 10,100 10,100 10,100
Retaining Walls 25,000 25,000 0
Pond Construction 20,000 20,000 10,000
Street and Traffic Control Signs 2,700 2,700 0
Sidewalk Improvements 39,800 39,800 23,880
Trail Improvements (Neighborhood) 5,200 5,200 3,120
Trail Improvements (NW Greenway) 32,000 32,000 19,200
Landscaping 215,800 215,800 215,800
Street Lighting 15,375 15,375 0
Erosion Control 6,000 4,500 4,500
Setting Iron Monuments 13,200 13,200 13,200
Removal of Temporary Turn-around(s) 3,975 0 0
Subtotal $1,394,250 $926,955 $693,630
Design, Administration, Inspection, As-
Builts(8%) $111,540 $74,156 $55,490
Total $1,505,790 $1,001,111 $749,120
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of
November 16, 2016, subject to the two-year guarantee by the Developer per Letter of Credit No.
3132538.
APPROVED by the City Council on this 16th day of November, 2016.