HomeMy WebLinkAboutCity Council Resolution 2006-229CITY OF PLYMOUTH
RESOLUTION NO. 2006-229
FINAL RELEASE OF FINANCIAL GUARANTEE
WESTBRANCH 4TH ADDITION (95139)
WHEREAS, in accordance with the development contract dated October 8, 1997, U.S. Home
Corporation, developer of Westbranch 4th Addition (95139), 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 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 (2x200)
Site Grading and Drainage Improvements
Park and Trail Improvements
Setting Iron Monuments
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL
CURRENT
NEW
AMOUNT
AMOUNT
AMOUNT
$ 63,300
$ -0-
$ -0-
70,400
-0-
-0-
48,200
-0-
-0-
31,500
-0-
-0-
-1800
-0-
-0-
2,000
2,000
-0-
2,900
-0-
-0-
400
-0-
-0-
95,700
-0-
-0-
-0-
-0-
-00
900
-0-
-0-
38,292
240
-0-
$357,392
$ 2,240
$-0-
That the required financial guarantee for the above items be reduced as detailed above from $2,240 to
$0 (zero) to reflect the completed work. Letter of Credit No. FGAC-97137 may be released by the
Finance Department.
RESOLUTION NO. 2006-229
WESTBRANCH 4TH ADDITION (95139)
Page Two
FURTHER BE IT RESOLVED that the financial guarantee requirements for the following items per
Section 8.1 of the approved development remain at $0 (zero) as follows:
ITEM
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning
Cash
Letter of Credit No. FGAC-97127
Adopted by the City Council on June 13, 2006.
ORIGINAL
AMOUNT
$ 1,000
$ 10,500
CURRENT
AMOUNT
$-0-
$-0-
Adopted
-0-
$-0-