HomeMy WebLinkAboutCity Council Resolution 2007-214CITY OF PLYMOUTH
RESOLUTION NO. 2007-214
FINAL RELEASE OF FINANCIAL GUARANTEE
PONDEROSA WOODS 3RD ADDITION (94004)
WHEREAS, in accordance with the development contract dated January 31, 1994, Antoine J.
Poppelaars, Simone F. Poppelaars, Daniel A. Poppelaars and Carrie Lyn Poppelaars, developer
of Ponderosa Woods 3rd Addition (94004), 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 reduction of the development bond to reflect the
completed work;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY
OF PLYMOUTH, MINNESOTA; that the bonding requirements are reduced as follows:
ITEM ORIGINAL CURRENT NEW
AMOUNT AMOUNT AMOUNT
Street Constriction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Mitigation Pond Constriction
Sediment Pond Constriction
Street Signs (2 x 200)
Site Grading and Drainage
Improvements
Park and Trail Improvements
Setting Iron Monuments
Design, Administration, Inspection,
As-Bullts
TOTAL
$46,292
$46,292
$-0-
37,483
-0-
-0-
29,760
-0-
-0-
11,606
-0-
-0-
3,200
3,200
-0-
-0-
-0-
-0-
-0-
-0-
-0-
400
400
-0-
-0-
-0-
-0-
9,600
9,600
-0-
3,500
3,500
-0-
17,021
7,559
-0-
$158,862
$70,551
-0-
That the letter of credit required for the above items be reduced as detailed above from $70,551
to $0 (zero) to reflect the completed work.
C Documents and Settnig,Asengikdd Local Settuigs\Temp CCR 200--214 16305 CCR 200--214 doe
Resolution No. 2007-214
Ponderosa Woods 3 a Addition (94004)
Page 2 of 2
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced as follows:
ITEM ORIGINAL CURRENT
AMOUNT AMOUNT
Maintenance of Erosion and
Sediment
Control Plan Street Sweeping and
Storm
Sewer Cleaning
Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
Adopted by the City Council on May 8, 2007.
C Documents and Settnig,Asengikdd Local Settuigs\Temp CCR 200--214 16305 CCR 200--214 doe