HomeMy WebLinkAboutCity Council Resolution 2018-081
C ITY OF P LYMOUTH
R ESOLUTION N O. 2018-081
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE FOR
E NCLAVE AT E LM C REEK (2017068) D EVELOPMENT C ONTRACT
WHEREAS, in accordance with the development contract dated August 28, 2017,
West Plymouth Development, Inc., developer of Enclave at Elm Creek (2017068), 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 guarantee and Letter of Credit No. 1151 for the
items be reduced from $1,066,910 to $889,790:
Original Current New % of Original
Item Amount Amount Amount Amount
Street Construction 137,300 82,380 82,380 60%
Sanitary Sewer System 238,000 119,000 59,500 25%
Watermain System 107,000 53,500 26,750 25%
Stom Sewer System 189,000 81,000 47,250 25%
Pond Sand Filter 27,000 27,000 27,000 100%
Boulevard and Drainage Swale Sod 1,300 1,300 1,300 100%
Retaining Walls 133,400 133,400 133,400 100%
Pond Construction 78,000 78,000 39,000 50%
Street & Traffic Control Signs 1,000 0 0 0%
Sidewalk Improvements 22,600 22,600 22,600 100%
Landscaping 20,000 20,000 20,000 100%
Street Lighting 1,000 0 0 0%
Site Grading & Drainage Improvements 310,000 310,000 310,000 100%
Setting Iron Monuments 4,700 4,700 4,700 100%
Removal of Temporary Turn-Around 5,000 5,000 0 0%
Wetland Mitigation / Restoration 50,000 50,000 50,000 100%
Subtotal $1,325,300 $987,880 $823,880 62%
Design, Admin, Insp, As-Builts (8%) $106,024 $79,030 $65,910 8%
Total $1,431,324 $1,066,910 $889,790 62%
Resolution No. 2018-081
Page 2 of 2
BE IT FURTHER RESOLVED that the utilities are accepted for continuous
maintenance as of February 27, 2018, subject to the two-year guarantee by the
Developer per Letter of Credit No. 1151.
APPROVED by the City Council on this 27th day of February, 2018.