HomeMy WebLinkAboutCity Council Resolution 1997-139•
RESOLUTION NO. 97- 139
REDUCING REQUIRED FINANCIAL GUARANTEE
BRWLEWOOD FARM 3RD ADDITION MUD
rdEa tBAS, in accordance with the development ountract dated June S, 1993, U.S. Home Collxntlon,
developer of Bridlrwood Farm 3rd Addition (93021; , has agreed to install certain improvements for said
deve4ment; and
WHEREAS, 8n• developer has completed a F onion os' We street, utility and site grading as noted below;
and
WHEREAS, the developar has requested a rtduction of the required timuicial guarantee to reflect the
completed worm
NOW, 'FORE, BE IT 192MY RESOLVED BY THE CLTY COUNCIL OF THE CrrY OF
PLYMOUTH, MINNESOTA; teat the financial guarantee requirements are reduced as follows:
1T�1
71at the flnanciat !uamtee required for the above itarns was previotWj *educed as detailed above to $0
(zero) to reflect the eomplW,'. *ork
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ORIGINAL
AMOUNT
NEW
Abtam
Sues. Construction (Bxcept city Pmj. No. 304)
$174,000
$4 -
Sanitary Sewar (Except City Pwj. No. 304)
35,700
-0-
Watermaiu (Bxcept City Prof. Na 30x)
47,700
-0-
Storm Sewer Mrept Cit Prof. No. 304)
649200
4 -
Boulevard and DninW Smoak Sod
10,400
-0-
Pond or Ditch COnstnrctlon
-a
-0-
Stroet Signs (S x 200)
11000
-0-
Site Grading wd Drainage Impro: smelt
1799600
-0-
park Cod Trail Impmvements
37,000
4)-
settingIron wwoumenty
7,350
4
Uesip, AdmWitrttion, Inspectia, As -Bions
.90,959
$
TOTAL
S8a,006
71at the flnanciat !uamtee required for the above itarns was previotWj *educed as detailed above to $0
(zero) to reflect the eomplW,'. *ork
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RMLIMON NO. 97- 139
JRIDLEWOOD FARM 3RD ADDITION (93021)
Pap Two
FURTHER. BE 1T RESOLVED that the financial guarantee repitemon for the following items per
Section B.I of the approved development contract be reduced as Move:
v
Maintenance of Erosion and Sediment
Control Plan, Shea Sweeping and Storm
Sewer Cleaning
Cash:
Later of Credit:
F. I , 11 (111) �, 0 a I W" Ii, MIM
$11000 511,000
$579000 S1.500
FURnM BB 1T RESOLVED that the financial guarantee for the above items remain at 51,000 cash
with the financial guarantee being reduced 6om $14,250 to $1,500.
Adopted by the City Council on March S. 1997.
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