HomeMy WebLinkAboutCity Council Resolution 2017-334
C ITY OF P LYMOUTH
R ESOLUTION N O. 2017-334
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE
FOR M APLE C REEK M EADOWS (2015040)
WHEREAS, in accordance with the development contract dated August 5, 2015, Lawndale 47, LLC,
developer of Maple Creek Meadows (2015040), 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 is reduced as indicated below and that the financial guarantee and
Letter of Credit No. 313 be reduced from $550,067 to $417,390:
% of
Original Current New Original
Item Amount Amount Amount Amount
Street Construction 398,720 199,360 99,680 25%
Sanitary Sewer 568,370 142,093 142,093 25%
Watermain 237,705 59,426 59,426 25%
Storm Sewer System 229,492 57,373 57,373 25%
Boulevard and Drainage Swale
Sod/Seed 7,600 7,600 3,040 40%
Pond Construction 15,000 7,500 7,500 50%
Street & Traffic Control Signs 4,100 0 0 0%
Sidewalk 49,440 24,720 12,360 25%
Landscaping 7,500 7,500 3,000 40%
Street Lighting 17,250 0 0 0%
Erosion Control 5,000 3,750 2,000 40%
Setting Iron Monuments 15,100 0 0 0%
Removal of Temp Turn-around 5,000 0 0 0%
Subtotal $1,560,277 $509,322 $386,472 25%
Design, Administration, Inspection, As-
Builts(8%) $124,822 $40,746 $30,918
Total $1,685,099 $550,067 $417,390 25%
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
November 14, 2017, subject to the one-year guarantee by the Developer per Letter of Credit No. 313.
APPROVED by the City Council on this 14th day of November, 2017.