HomeMy WebLinkAboutCity Council Resolution 2007-186CITY OF PLYOUTH
RESOLUTION NO. 2007-186
FINAL RELEASE OF FINANCIAL GUARANTEE
PLUM TREE EAST 5TH ADDITION (20084)
WHEREAS, in accordance with the development contract dated July 12, 2000, Lundgren
Bros. Constriction, Inc., developer of Plum Tree East 5t1' Addition (20084), has agreed to
install certain improvements for said development; and
WHEREAS, the developer has completed the street, utility and site grading as noted
below; and
WHEREAS, the developer has requested a release 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:
ITEM
Street Constriction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Mitigation Pond Constriction
N [-]RP Pond Constriction
Street Signs (lx200)
Site Grading and Drainage
Improvements
Park and Trail Improvements
Setting Iron Monuments
Design, Administration, Inspection, As-
Bullts
TOTAL
ORIGINAL
CURRENT
NEW
AMOUNT
AMOUNT
AMOUNT
$ 55,100
$ -0-
$ -0-
45,000
-0-
-0-
25,500
-0-
-0-
25,900
-0-
-0-
3,200
-0-
-0-
-0-
-0-
-0-
3,000
-0-
-0-
200
-0-
-0-
114,000
-0-
-0-
6,800
-0-
-0-
1,900
1,900
-0-
33,672
228
-0-
$314,272
$ 2,128
-0-
C \Document, and Settnig, ,eng(kdd Local Setting, TempCCR ?00--186_11216 CCR 200--186 doe
Resolution No. 2007-186
Plum Tree East 5th Addition (20084)
Page Two
That the required financial guarantee for the above items be reduced as detailed above
from $2,128 to $0 (zero) to reflect the completed work. Letter of Credit No. FGAC-
00146 may be released by the Finance Department.
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:
ORIGINAL CURRENT
ITEM AMOUNT AMOUNT
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning (Included in Plum Tree East 4th
Addition (20045))
Cash: $ -0- $ -0-
Financial Guarantee: $ -0- $ -0-
Adopted by the City Council on April 24, 2007.
C \Document, and Settnig, ,eng(kdd Local Setting, TempCCR ?00--186_11216 CCR 200--186 doe