HomeMy WebLinkAboutCity Council Resolution 2018-084
C ITY OF P LYMOUTH
R ESOLUTION N O. 2018-084
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE FOR
C AMELOT N INE AT B EGIN 2 ND A DDITION (2017013)
WHEREAS, in accordance with the development agreement dated March 30,
2017, Pulte Homes of Minnesota, developer of Camelot Nine at Begin (2017013), 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. S507034 for the
items be reduced from $404,773 to $335,343:
Original Current New % of Original
Item Amount Amount Amount Amount
Street Construction $ 292,250 $ 175,350 $ 75,350 60%
Sanitary Sewer System 113,900 56,950 28,475 25%
Watermain System 115,425 57,713 28,856 25%
Storm Sewer System 27,825 13,913 6,956 25%
Boulevard and Drainage Swale Sod 9,325 9,325 9,325 100%
Street & Traffic Control Signs 2,700 0 0 0%
Sidewalk Improvements 45,400 27,240 27,240 60%
Landscaping 20,400 20,400 20,400 100%
Street Lighting 7,500 0 0 0%
Setting Iron Monuments 13,900 13,900 13,900 100%
Subtotal $648,625 $374,790 $310,503 48%
Design, Admin, Insp, As-Builts (8%) $51,890 $29,983 $24,840
Total $700,515 $404,773 $335,343 48%
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. S507034.
APPROVED by the City Council on this 27th day of February, 2018.