HomeMy WebLinkAboutCity Council Resolution 2018-085
C ITY OF P LYMOUTH
R ESOLUTION N O. 2018-085
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE FOR
C AMELOT N INE AT B EGIN 3 RD A DDITION (2017056)
WHEREAS, in accordance with the development agreement dated June 27, 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. S507187 for the items be reduced from $343,708 to
$267,765:
Original Current New % of Original
Item Amount Amount Amount Amount
Street Construction $ 141,880 $ 85,128 $ 85,128 60%
Sanitary Sewer System 132,625 66,313 33,156 25%
Watermain System 93,055 46,528 23,264 25%
Storm Sewer System 55,590 27,795 13,898 25%
Boulevard and Drainage Swale Sod 4,870 4,870 4,870 100%
Street & Traffic Control Signs 1,600 0 0 0%
Sidewalk Improvements 27,300 16,380 16,380 60%
Trail Improvements 28,300 16,980 16,980 60%
Landscaping 38,755 38,755 38,755 100%
Street Lighting 3,500 0 0 0%
Setting Iron Monuments 15,500 15,500 15,500 100%
Subtotal $542,975 $318,248 $247,931 46%
Design, Admin, Insp, As-Builts (8%) $43,438 $25,460 $19,834
Total $586,413 $343,708 $267,765 46%
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.
S507187.
APPROVED by the City Council on this 27th day of February, 2018.