HomeMy WebLinkAboutCity Council Resolution 2017-228
C ITY OF P LYMOUTH
R ESOLUTION N O. 2017-228
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE
FOR C REEK R IDGE (20130018)
WHEREAS, in accordance with the development contract dated September 10, 2013, The Ryland
Group, Inc., developer of Creek Ridge (2013018), 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. 69603629 for the items be reduced from $692,422
to $383,911:
Original Current New
Item Amount Amount Amount
Street Construction $194,876 $48719 $48719
Sanitary Sewer 146,367 146,367 36,592
Sanitary Sewer Lift Station 36,308 36,308 9,077
Watermain 88,407 88,407 22,102
Storm Sewer System 91,521 91,521 22,881
Boulevard and Drainage Swale Sod/Seed 7,300 7,300 7,300
Pond Construction 10,000 10,000 10,000
Filtration Basin 5,000 5,000 5,000
Street & Traffic Control Signs 2,200 0 0
Sidewalk Improvements 28,528 7,132 7,132
Landscaping 30,360 30,360 30,360
Erosion Control 8,068 8,068 8,068
Site Grading & Drainage Improvements 232,634 81,421 81,421
Setting Iron Monuments 7,200 0 0
Wetland Mitigation and Restoration 70,430 70,430 70,430
Subtotal $959,199 $631,033 $359,082
Design, Administration, As-Builts (8%) $76,736 $61,389 $24,829
Total $1,035,935 $692,422 $383,911
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of
June 27, 2017, subject to the two-year guarantee by the Developer per Letter of Credit No. 69603629.
APPROVED by the City Council on this 27th day of June, 2017.