HomeMy WebLinkAboutCity Council Resolution 2018-007CITY OF PLYMOUTH
RESOLUTION N0. 2018-007
RESOLUTION ACCEPTING UTILITIES FOR CONTINUAL MAINTENANCE FOR
BRYNWOOD 3RD ADDITION (2015095)
WHEREAS, in accordance with the development contract dated February 24, 2017, D.R. Horton,
Inc.- Minnesota, developer of Brynwood 3rd Addition (2015095), 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 BYTHE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the financial guarantee requirements are reduced as follows below and that the
required guarantee and Letter of Credit No. 006249212 for the items be reduced from $141,481 to
$101,305:
% of
Original Current New Original
Item Amount Amount Amount Amount
Street Construction
71,435
42,861
42,861
60%
Sanitary Sewer
30,500
15,250
7,625
25%
Watermain
39,630
19,815
9,908
25%
Storm Sewer System
17,760
8,880
4,440
25%
Boulevard and Drainage Swale Sod
4,000
4,000
4,000
100%
Street and Traffic Control Signs
1,425
1,425
0
0%
Sidewalk Improvements
14,570
14,570
8,742
60%
Landscaping (2 front yard trees per lot)
9,100
9,100
9,100
100%
Street Lighting
4,875
4,875
0
0%
Erosion Control
9,500
7,125
7,125
75%
Setting Iron Monuments
3,100
3,100
0
0%
Subtotal
$205,895
$131,001
$93,801
46%
Design, Administration, Inspection, As-
Builts(8%)
Total
$16,471 $10,480 $7,504 8%
$222,366 $141,481 $101,305 46%
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of
January 9, 2018, subject to the two-year guarantee by the Developer per Letter of Credit No.
006249212.
APPROVED by the City Council on this 9th day of January, 2018.