HomeMy WebLinkAboutCity Council Resolution 1995-478•
RESOLUTION NO, 95 - 478
REDUCING REQUIRED FINANCIAL GUARANTEE
HARRISON IkLACE ON BASS CREEK ADDITION (94051)
WHEREAS, in accordance with the development contract dated December 5, 1994, McHunter Co., LLC,
developer of Harrison Place on Bass Creek Addition (94051), has agreed to install certain improvemwts
for add development; and
WHEREAS, the developer has completed a portion of the stroet, utility and site grading as noted below;
and
WIMREAS, the developer has requested a reduction of the required financial guarantee to reflect the
completed work;
NOW, THEREFORE, IIS IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINMOTA; that the financial guarantee requirements are reduced as follows:
Street Construction
Co. Rd. 10 Turn Lane
Sanitary Sewer
Watemnain
Storm Sewer
Boulevard and Drainage Swale Sod
Mitigation Pond Construction
Sediment Pond Construction
Wetland Buffer Delineation Posts
Street Signs (4 x 200)
Site Gradirl and Drainage Improvements
Park and Trail Lnprovements
Setting Iron Monuments
Design, Administration, Inspection, As-Builts
TOTAL
$114,275
$114,275
29,260
29,260
50,178
40,000
77,710
77,710
810580
70,000
4,000
4,000
-0-
4
3,040
610
2,000
2,000
800
600
99,760
10,000
-0-
•0-
5,000
50000
56.112
gum
$523,715 $396,094
That the required financial guarantee for the above items be reduced as detailed above from $523,715 to
$396,094 to reflect the completed work. Tho required letter of credit may be roduced accordingly.
IlK.M I'mc
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RESOL[JTION N0.95- 478
HARRL4ON PLACE ON BASS CREEK ADDITION (94051)
Page Two
FURTHER BE rr RESOLVED that the financial guarantee requirements for the following items per
Section 8.1 of the approved developmeat contract be reduced as follows:
40:71
Maintenance of Erosion and Sediment
Control Plan Suet Sweeping and Storm
Sewer Cleaning
Cash:
Lector of Credit:
Adopted by the City Council on August 15, 1995.
v • 10M : u )SMI
$11000 $1000
$23,750 $23750
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