HomeMy WebLinkAboutCity Council Resolution 2017-008
C ITY OF P LYMOUTH
R ESOLUTION N O. 2017-008
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE
FOR E NCLAVE ON THE G REENWAY (2010004)
WHEREAS, in accordance with the development contract dated February 3, 2015, Pulte Homes of
Minnesota, LLC, developer of Enclave on the Greenway (2014004), 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. 3122131 for the items be reduced from $981,743 to $763,686:
Original Current New
Item Amount Amount Amount
Street Construction $435,497 $261,300 $261,300
Sanitary Sewer System 209,681 104,800 52,421
Watermain System 171,400 85,700 21,425
Storm Sewer System 204,623 102,300 51,156
Boulevard and Drainage Swale Sod/Seed 76,214 76,214 76,214
Retaining Walls 93,900 93,900 93,900
Buffer Posts & Monuments 12,000 12,000 12,000
Street & Traffic Control Signs 15,250 7,600 0
Sidewalk Improvements 47,526 28,500 28,500
Landscaping 100,200 100,200 100,200
Street Lighting/Conduits & Wiring 24,375 0 0
Conduits & Wiring 40,000 0 0
Erosion Control 20,000 14,600 10,000
Setting Iron Monuments 18,700 0 0
Removal of Temp. Turn-Around 5,000 0 0
Design, Admin., Insp., As-Builts (8%) 117,949 94,359 56,570
Total: $1,592,315 $981,473 $763,686
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of January
10, 2017, subject to the two-year guarantee by the Developer per Letter of Credit No. 3122131.
APPROVED by the City Council on this 10th day of January, 2017