HomeMy WebLinkAboutCity Council Resolution 2006-454CITY OF PLYMOUTH
RESOLUTION NO. 2006-454
FINAL RELEASED FINANCIAL GUARANTEE
PLUM TREE EAST (94090) AND PLUM TREE EAST 2ND (98128)
WHEREAS, in accordance with the development contract dated May 8, 1997, Lundgren Bros.
Constriction, Inc., developer of Plum Tree East Addition (94090), has agreed to install certain
improvements for said development; and
WHEREAS, in accordance with the development contract dated September 3, 1998, Lundgren Bros.
Constriction, Inc., developer of Plum Tree East 2" a Addition (98128), 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 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 be reduced as follows:
(94090)
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction
$ 167,450
$ -0-
$ -0-
Sanitary Sewer
104,710
-0-
-0-
Watermain
83,560
-0-
-0-
Storm Sewer
101,920
-0-
-0-
Boulevard and Drainage Swale Sod
4,400
-0-
-0-
Wetland Buffer Monuments
300
-0-
-0-
Mitigation Pond Constriction
3,000
3,000
-0-
N[_]RP Pond Constriction
10,000
-0-
-0-
Street Signs (3 x 200)
600
-0-
-0-
Site Grading and Drainage Improvements
237,000
-0-
-0-
Sidewalk
23,180
-0-
-0-
Setting Iron Monuments
2,800
360
-0-
TOTAL
$ 827,590
$ 3,360
$ -0-
Resolution No. 2006-454
Plum Tree East (94090) and Plum Tree East 2"a (98128)
Page 2
(98128)
ORIGINAL
CURRENT
NEW
ITEM
AMOUNT
AMOUNT
AMOUNT
Street Constriction
$ 137,000
$ -0-
$ -0-
Sanitary Sewer
84,000
-0-
-0-
Watermain
53,000
-0-
-0-
Storm Sewer
46,000
-0-
-0-
Boulevard and Drainage Swale Sod
5,400
-0-
-0-
Mitigation Pond Constriction
6,000
6,000
-0-
N [_]RP Pond Constriction
-0-
-0-
-0-
Street Signs (3 x $200)
600
-0-
-0-
Site Grading and Drainage Improvements
170,000
-0-
-0-
Sidewalk
25,000
-0-
-0-
Setting Iron Monuments
1,890
-0-
-0-
Design, Administration, Inspection, As-Builts
63,467
720
-0-
TOTAL
$ 592,357
$ 6,720
$ -0-
That the required financial guarantee for the above items be reduced as detailed above from $5,040 to $0
(zero) to reflect the completed work. Letter of Credit No. FGAC-99222 may be released accordingly.
Adopted by the City Council on November 14, 2006.