HomeMy WebLinkAboutCity Council Resolution 1996-089•
RESOLUTION N0.96- 89
REDUCING REQUIRED FINANCIAL GUARANTEE
HEATHER RUN 3RD ADDITION (94058)
WHEREAS, in accordance with the development contract dated July 12, 1994, L-undgren Bros.
Construction, Inc., developer of Heather Run 3rd Addition (94058), has agreed to install certain
improvements for said develcpment; 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:
ITEM
ORIGINAL
AMOUNT
NEW
AMOUNT
Street Construction
$55,800
-0-
Sanitary Sewer
28,000
-0-
Watetmain
30,000
-0-
Storm Sewer
14,000
-0-
Boulevard and Drainage Swale Sod
39000
21000
Sediment Pond Construction
5,000
-0-
Street Signs (2 x 200)
400
-0-
Site Grading and Drainage Improvements
45,000
-0-
Park and Trail Improvements
10-
-0-
Setting Iron Monuments
21000
-0-
Design, Administration, Inspection, As-Builts
_21,984
_24Q
TOTAL
$205,184
$2,240
That the required financial guarantee for the above items be reduced as detailed above from $18,099 to
$2,240 to reflect the completed work.
ci,,eNa,umi.MKra,w,ne,pnsntankHose.uoc
0
•
RESOLUTION NO. 96- 89
aEATHER RUN 3RD ADDITION (94058)
Page Two
.THER BE IT RESOLVED that the financial guarantee requirements for the following items per
,a -.don 8.1 of the approved development contract be reduced as follows:
I� ki
Maintenance of Erosion and Sediment
Control Plan Street Sweeping and S.orm
Sewer Cleaning (See Grading Permit d 60484 For
Financial Guarantees)
Cash:
Letter of Credit No. 28466-A:
adopted by the City Council on February 7, 1996.
M 1 ii
:uIlUl :uI1►
$ 1,000 $10000
$23,300 $4,660
n:�eau�nCvt.MHts�wwe�ntsoi.�nKaw.se.txx�
•