HomeMy WebLinkAboutCity Council Resolution 2017-250
C ITY OF P LYMOUTH
R ESOLUTION N O. 2017-250
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE
FOR A SPEN H OLLOW (2014008)
WHEREAS, in accordance with the development contract dated September 16, 2014, Pulte Homes of
Minnesota, developer of Aspen Hollow (2014008), 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. S504817 for the items be reduced from $1,076,390 to $743,765:
Original Current % of Original
Item Amount Amount New Amount Amount
Street Construction $1,066,509 $533,255 $266,627 25%
Sanitary Sewer 737,517 184,379 184,379 25%
Watermain 254,155 63,539 63,539 25%
Storm Sewer System 210,523 52,631 52,631 25%
Boulevard and Drainage Swale Sod/Seed 15,427 11,570 4,628 30%
Retaining Walls 95,000 0 0 0%
Street & Traffic Control Signs 7,300 0 0 0%
Sidewalk 55,475 27,738 13,869 25%
Trail 82,193 41,097 20,548 25%
Landscaping 581,500 82,450 82,450 14%
Street Lighting 27,750 0 0 0%
Setting Iron Monuments 24,700 0 0 0%
Temp Turn-around 5,000 0 0 0%
Subtotal $3,163,049 $996,658 $688,671 22%
Design, Administration, Inspection, As-
Builts(8%) $253,044 $79,733 $55,094
Total $3,416,093 $1,076,390 $743,765 22%
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. S504817.
APPROVED by the City Council on this 25th day of July, 2017.