HomeMy WebLinkAboutCity Council Resolution 2018-267
C ITY OF P LYMOUTH
R ESOLUTION N O. 2018-267
R ESOLUTION A CCEPTING U TILITIES FOR C ONTINUAL M AINTENANCE FOR
E NCLAVE ON THE G REENWAY 3 RD A DDITION (2017023)
WHEREAS, in accordance with the development contract dated May 30, 2017, Pulte Homes of
Minnesota, LLC, developer of Enclave on the Greenway 3rd Addition (2017023), 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. S507120 for the items be reduced from $264,718 to
$234,194:
Original Current New % of Original
Item Amount Amount Amount Amount
Street Construction 143,583 86,150 86,150 60%
Sanitary Sewer System 83,954 41,977 20,989 25%
Watermain System 78,595 39,298 19,649 25%
Stom Sewer System 65,892 0 16,473 25%
Boulevard and Drainage Swale Sod 9,197 9,197 9,197 100%
Buffer / Park Monuments & Signs 2,500 2,500 2,500 100%
Street & Traffic Control Signs 2,765 0 0 0%
Sidewalk Improvements 31,617 31,617 31,617 100%
Landscaping 16,757 16,757 16,757 100%
Street Lighting 6,000 0 0 0%
Erosion Control & Silt Fence 16,926 12,695 12,695 75%
Site Grading & Drainage Improvements 2,341 819 819 35%
Setting Iron Monuments 4,100 4,100 0 0%
Subtotal $464,227 $245,109 $216,846 47%
Design, Admin., Insp., As-Builts (8%) $37,138 $19,609 $17,348 8%
Total $501,365 $264,718 $234,194 47%
BE IT FURTHER RESOLVED that the utilities are accepted for continuous maintenance as of July
24, 2018, subject to the two-year guarantee by the Developer per Letter of Credit No. S507120.
APPROVED by the City Council on this 24th day of July, 2018.