HomeMy WebLinkAboutCity Council Resolution 2016-338
C ITY OF P LYMOUTH
R ESOLUTION N O. 2016-338
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE
FOR E NCLAVE ON THE G REENWAY 2 ND (2016021)
WHEREAS, in accordance with the development contract dated July 8, 2016, Pulte Homes of
Minnesota, LLC, developer of Enclave on the Greenway 2nd (2016021), 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. 3132547 for the items be reduced from $812,305 to
$359,217:
Original New
Item Amount Amount
Street Construction 251,495 150,897
Sanitary Sewer 112,880 28,220
Watermain 163,866 40,967
Storm Sewer System 49,172 12,293
Boulevard Sod & Silt Fence 17,391 17,391
Retaining Walls 30,000 0
Buffer Posts and Monuments 1,000 1,000
Street and Traffic Control Signs 2,500 0
Sidewalk Improvements 42,383 25,430
Landscaping 30,800 30,800
Street Lighting 16,500 0
Erosion Control 23,748 17,811
Setting Iron Monuments 10,400 7,800
Subtotal $752,135 $332,608
Design, Administration, Inspection, As-
Builts(8%) $60,170 $26,609
Total $812,305 $359,217
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.
3132547.
APPROVED by the City Council on this 16th day of November, 2016.