HomeMy WebLinkAboutCity Council Resolution 2017-273
C ITY OF P LYMOUTH
R ESOLUTION N O. 2017-273
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE
FOR B RYNWOOD 1 ST A DDITION (2013095)
WHEREAS, in accordance with the development contract dated June 24, 2014, K. Hovnanian Homes
of Minnesota at Brynwood LLC, and the re-assignment of the development contract to D.R. Horton, Inc.-
Minnesota on June 1, 2016, developers of Brynwood 1st Addition (2013095), have 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. 006070269 for the items be reduced from $811,021 to $387,752:
Original Current
Item Amount Amount New Amount
Street Construction $477,408 $286,445 $119,352
Sanitary Sewer System 210,809 52,700 0
Watermain System 272,066 68,000 0
Storm Sewer System 292,369 73,100 0
Boulevard and Drainage Swale Sod 15,000 15,000 15,000
Vicksburg Lane Turn-Lane 17,073 10,244 0
Pond Construction 40,000 24,000 20,000
Street & Traffic Control Signs 4,600 0 0
Sidewalk Improvements 60,750 33,090 15,188
Trail Improvements 3,634 2,180 909
Landscaping 94,675 94,675 94,675
Street Lighting 13,875 0 0
Erosion Control 22,709 17,032 17,032
Setting Iron Monuments 11,300 0 0
Removal of Temporary Turn-arounds 5,000 5,000 0
Tree Pres., Reforestation & Erosion
Control 76,875 76,875 76,875
Subtotal $1,618,143 $761,701 $359,030
Design, Admin, Inspection, As-Builts(8%) $129,451 $49,320 $28,722
Total $1,747,594 $811,021 $387,752
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
August 22, 2017, subject to the one-year guarantee by the Developer per Letter of Credit No. 006070269.
APPROVED by the City Council on this 22nd day of August, 2017.