HomeMy WebLinkAboutCity Council Resolution 1995-772•
( RESOLUTION N0.95 - 772
REDUCING REQUIRE' FINANCIAL GUARANTEE
THE PONDS AT BASS CkEEK 2ND ADDITION (95082)
WHEREAS, in accordance with the development contract dated September 14, 1995, McHunter Co.,
LLC, developer of The Ponds at Bass Creek 2nd Addition (95082), has agreed to install certain
improvements for said development; and
WHEREAS, the developer has completed a portion of 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 are reduced as follows:
That the requirra financial guarantee for the above items be reduced as detailed above from $411,500 to
$165,335 to wflect the completed work,
WMwe
ORIGINAL
NEW
EM
AMOUNT
AMQtILIT
Street Construction
$1070870
$799800
ran3tary Sewer
600460
12,100
Watetmain
48,826
90800
Storm Sewer
45,220
10,000
Boulevard and Drainage Swale Sod
51000
51000
Mitigation Pond Construction
7,840
71840
NURP Pond Construction
35500
31500
Street Signs (2 x 200)
400
400
Site Grading and Drainage Improvements
86,420
170500
Park and Trail Improvements
-0-
-0-
Setting Iron Monuments
1,875
11875
Design, Administration, Inspection, As-Builts
44M
17=
TOTAL
$411,500
$165,335
That the requirra financial guarantee for the above items be reduced as detailed above from $411,500 to
$165,335 to wflect the completed work,
WMwe
•
RESOLUTION N0.95- 772
( ME PONDS AT BASS CREEK 2ND ADDITION (95082)
Page Two
FURTHER BE IT RESOLVED that the financial guarantee requir unents for the following items per
Section 8.1 of the approved development contract be reduced as follows:
Maintenarm of Erosion and Sediment
Control Plan Street Sweeping and Storm
Sewer Cleaning (see Grading Permit for required
Financial Guarantee)
Cash:
Financial Guarantee:
( 4dopted by the City Council on December 19, 1995.
;Vi ).r ;M75 C01 lkr�
S-0- $-()-
S-0- S4)_
POORLuor