HomeMy WebLinkAboutCity Council Resolution 1995-713•
RESOLUTION NO, 95 - 71:.
REDUCING REQUIRED FINANCIAL GUARANTEE
HARRISON PLACE ON BASS CREEK ADDITION (940.51)
WHEREAS, in accordance with the development contract dated December 5, 1994, McHunter Co., LLC,
developer of Harrison Place on Buis Creek Addition MW I), has agreed to install certain improvements
for said development; and
WiIBREAS, the developer has completed a portion of the street, utility and site grading as noted below;
and
VAMMU AS, the developer hu requested a reduction of the required financial guarantee to reflect the
completed work;
NOW, THBRSFORS, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE MY OF
PLYMOUTH, MINNESOTA; that the financial guarantee requirements are reduced as follows:
�M:w • • c r
Street Construction
$114,275
Co. Rd. 10 Turn Lane
290260
Sanitary Sewer
50,178
Watermain
?;,710
Storm Sewer
810580
Boulevard and Drainage Swale Sod
4,000
Mitigation Pond Construction
-0-
Sediment Pond Construction
31040
Wetland Buffer Delineation Posts
2,000
Street Signs (4 x 200)
800
Site Grading and Drainage Improvements
99,760
Park and Trail Improvements
-0-
Setting Iron Monuments
51000
Design, Administration, Inspection, As-Builts
9,112
TOTAL $523,715
$22,855
5,860
10,035
15,542
16,320
4,000
-0-
-0-
2,000
800
19,952
-0-
5,000
12AM
$114,648
That the required financial guarantee for the above items be reduced as detailed above from $235,113 to
$114,648 to reflect the completed work. The required Financial Guarantee in the form of Letter of Credit
No. 1648 -895 -DI may be reduced accordingly.
IRWOLooc
0
-UMLUnON N0.9S- 713
HARRISON PLACE ON BASS CREEK AMMON (9+W41)
Pap Two
FUMBER BE IT RESOLVED that the financial guarantee requirements for the following items per
Section 8.1 of the approved development contract be reduced as follows:
on
Miintenmm of Endep and Sediment
Control Plan Street Sweeping and Storm
Sewer Cleaning
Cash:
Later of Credit:
Adopted by the City Council on November 21, 1995.
$10000 $ls000
$29,750 $23,750
0