HomeMy WebLinkAboutCity Council Resolution 2017-249
C ITY OF P LYMOUTH
R ESOLUTION N O. 2017-249
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE
FOR E NCLAVE ON THE G REENWAY (2014004)
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 $763,686 to $393,960:
Original New % of Original
Item Amount Amount Amount
Street Construction $435,497 $108,875 25%
Sanitary Sewer System 209,681 52,421 25%
Watermain System 171,400 21,425 12.5%
Storm Sewer System 204,623 51,156 25%
Boulevard and Drainage Swale
Sod/Seed 76,214 41,918
55%
Retaining Walls 93,900 0 0%
Buffer Posts & Monuments 12,000 12,000 100%
Street & Traffic Control Signs 15,250 0 0%
Sidewalk Improvements 47,526 11,882 25%
Landscaping 100,200 55,110 55%
Street Lighting/Conduits & Wiring 24,375 0 0%
Conduits & Wiring 40,000 0 0%
Erosion Control 20,000 10,000 50%
Setting Iron Monuments 18,700 0 0%
Removal of Temp. Turn-Around 5,000 0 0%
Design, Admin., Insp., As-Builts (8%) 117,949 29,183 25%
Total: $1,592,315 $393,960 25%
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
July 25, 2017, subject to the one-year guarantee by the Developer per Letter of Credit No. 3122131.
APPROVED by the City Council on this 25th day of July, 2017.