HomeMy WebLinkAboutCity Council Resolution 2016-341
C ITY OF P LYMOUTH
R ESOLUTION N O. 2016-341
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE
FOR T ERRA V ISTA 3 RD (2013104)
WHEREAS, in accordance with the development contract dated January 14, 2014, GWS Land
Development of Plymouth, developer of Terra Vista 3rd Addition (2013104), 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. 273 for the items be reduced from $180,585 to $138,628:
Original Current
Item Amount Amount New Amount
Street Construction $198,211 $79,284 $49,552
Sanitary Sewer 102,504 25,626 25,626
Watermain 87,520 21,880 21,880
Storm Sewer System 61,889 15,472 15,472
Boulevard and Drainage Swale Sod/Seed 6,260 6,260 6,260
Retaining Walls 30,000 0 0
Street & Traffic Control Signs 1,600 0 0
Sidewalk Improvements 24,800 9,920 6,200
Trail Improvements 5,480 2,192 1,370
Street Lighting 10,875 0 0
Erosion Control 5,000 2,625 2,000
Setting Iron Monuments 7,300 0 0
Design, Administration, Inspection, As-Builts (8%) $43,315 $17,326 $10,268
Total $584,754 $180,585 $138,628
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
November 16, 2016, subject to the one-year guarantee by the Developer per Letter of Credit No. 273.
APPROVED by the City Council on this 16th day of November, 2016.