HomeMy WebLinkAboutCity Council Resolution 2019-021
C ITY OF P LYMOUTH
R ESOLUTION N O. 2019-021
R ESOLUTION A CCEPTING S TREETS FOR C ONTINUAL M AINTENANCE
FOR B RYNWOOD 3 RD A DDITION (2015095)
WHEREAS, in accordance with the development contract dated February 24, 2017, D.R. Horton,
Inc. - Minnesota, developers of Brynwood 3rd Addition (2015095), have 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 financial guarantee and Letter of Credit No. 006249212 for the items be reduced from
$101,305 to $59,345:
% of
Original Current New
Item Original
Amount Amount Amount
Amount
Street Construction
$71,435 $42,861 $17,859 25%
Sanitary Sewer
30,500 7,625 7,625 25%
Watermain
39,630 9,908 9,908 25%
Storm Sewer System
17,760 4,440 4,440 25%
Boulevard and Drainage Swale Sod
4,000 4,000 0 0%
Street & Traffic Control Signs
1,425 0 0 0%
Sidewalk Improvements
14,570 8,742 3,643 25%
Landscaping (2 front yard trees per lot)
9,100 9,100 9,100 100%
Street Lighting
4,875 0 0 0%
Erosion Control
9,500 7,125 2,375 25%
Setting Iron Monuments
3,100 0 0 0%
Subtotal
$205,895 $93,801 $54,949 27%
Design, Administration, Inspection,
As-Builts(8%)
$16,472 $7,504 $4,396 8%
Total
$222,367 $101,305 $59,345 27%
BE IT FURTHER RESOLVED that the streets are accepted for continuous maintenance as of
January 22, 2019, subject to the one-year guarantee by the Developer per Letter of Credit No.
006249212.
APPROVED by the City Council on this 22nd day of January, 2019.