HomeMy WebLinkAboutCity Council Resolution 2000-014RESOLUTION NO. 2000 -
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REDUCING REQUIRED FINANCIAL GUARANTEE
SILVERTHORNE 5TH ADDITION (99075)
WHEREAS, in accordance with the development
Development, Inc., developer of Silverthorne
5th
improvements for said development; and
contract dated September 8, 1999, Laurent Land
Addition (99075), has agreed to install certain
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:
That the required financial guarantee for the above items be reduced as detailed above from $81,420 to
18,433 to reflect the completed work. The required financial guarantee may be reduced accordingly.
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ORIGINAL NEW
ITEM AMOUNT AMOUNT
Street Construction 37,021 7,404
Sanitary Sewer
13,702 2,740
Watermain 17,515 3,503
Storm Sewer 1,313 262
Boulevard and Drainage Swale Sod 2,400 2,400
Mitigation Pond Construction 0- 0-
NURP Pond Construction 0- 0-
Street Signs (200) 0- 0-
Site Grading and Drainage Improvements
0- 0-
Park and Trail Improvements 0- 0-
Setting Iron Monuments
745 149
Design, Administration, Inspection, As-Builts 8,724 1,975
TOTAL 81,420 18,433
That the required financial guarantee for the above items be reduced as detailed above from $81,420 to
18,433 to reflect the completed work. The required financial guarantee may be reduced accordingly.
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014
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RESOLUTION NO. 2000-014
SIL VERTHORNE 5TH ADDITION (99075)
Page Two
FURTHER BE IT RESOLVED that the financial guarantee requirements for the following items per Section
8.1 of the approved development contract remain as follows:
ITEM
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning (Included in Silverthorne 4th
Addition -(97133))
Cash:
Financial Guarantee:
Adopted by the City Council on January 4, 2000.
ORIGINAL
AMOUNT
$ -0-$ -0-
NEW
AMOUNT
$ -0-
$ -0-
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