HomeMy WebLinkAboutCity Council Resolution 2017-208
C ITY OF P LYMOUTH
R ESOLUTION N O. 2017-208
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE
FOR T HE V ILLAS AT B ASS C REEK (20150033)
WHEREAS, in accordance with the development contract dated October 2, 2015, Bass Lake Hills, LLC,
developer of The Villas at Bass Creek (2015033), 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. 523 for the items be reduced from $721,319 to $497,746:
Original Current New
Item Amount Amount Amount
Street Construction $311,978 $187,187 $187,187
Sanitary Sewer 171,414 85,707 42,854
Watermain 157,280 78,640 39,320
Storm Sewer System 133,482 66,741 33,371
Boulevard and Drainage Swale Sod/Seed 10,250 10,250 10,250
Retaining Walls 32,000 0 0
Pond Construction 10,000 5,000 5,000
Street & Traffic Control Signs 1,000 1,000 0
Sidewalk Improvements 42,975 42,975 25,785
Trail Improvements 25,500 25,500 15,300
Landscaping 61,250 61,250 61,250
Street Lighting 19,875 19,875 0
Erosion Control 16,525 12,394 10,741
Site Grading & Drainage Improvements 41,000 41,000 14,350
Setting Iron Monuments 14,900 14,900 0
Tree Preservation and Reforestation (3) 15,469 15,469 15,469
Subtotal $1,064,898 $667,888 $460,876
Design, Administration, As-Builts(8%) $85,192 $53,431 $36,870
Total $1,150,090 $721,319 $497,746
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of
June 13, 2017, subject to the two-year guarantee by the Developer per Letter of Credit No. 523.
APPROVED by the City Council on this 13th day of June, 2017.