HomeMy WebLinkAboutCity Council Resolution 1997-175•
RESOLUTION NO. 97 - 175
REDUCING REQUIRK. FINANCIAL GUARANTEE
HARRISON PLACE ON BASS CREEK ADDITION (94051)
WHEUW, !n acoordanoe with the &%Vbpnmt contact dated December S. 1994, McHunesr Co., ILC,
deve3oper of Harrison ftm on Baas Creek Addition (144051), has Wood to inaall caWn improvements
for raid development; and
WEMEAS, the developer has completed a portion of the street, utility and site grading as noted below;
and
WiINBA.S9 the developer has requested a reduction of the required flmnclal guarantee to reflect the
completed worst,
NOW, THERBFORB, BE IT EMMY RESOLVED BY THE C1TY COUNCIL OF THE C1TY OF
PLYMOUTH. MINNESOTA; that the financial guarantee requirements am rafted. as follows:
1I3i
ORIGINAL
AM4L�
NEW
AMQI�IT
Street Construction
$114,275
S22,RSS
Co. Rd. 10 Turn law
299260
S,860
Sanitary Sawa
50,178
-0-
Watelmain
77,710
-0-
Scum Sewer
B1,S80
-0-
aBoulevard
Boulevardand Drainage Swale Sod
40000
4,000
MWpdon Food Construction
-0.
-0-
Sedimet Pond Construction
39040
-0-
Wedand Buffer Demon Pasts
29000
20000
Street Signa (4 x 200)
800
-0-
Site Grading and Drainage Improvemenn
999760
191,952
Pok and Trail improvements
-0-
-0-
swing Iron Monuments
59000
5.000
Design, Administration, Inspection, As-Builts
Sb=
7_t6{r
TOTAL
$S23,715
$66j827
That the required financl-.l guarantee for the above items be reduced as detailed above from $114,649 to
$669827 to reflect the completed work. The required Financial Guarantee In the form of Letter of Credit
Na 1648 -895 -DI may be reduceJ accordingly.
o�wrmoi�nxMsv+wmiuseo�.w*m�tiux
s
RESOLUTION NO, 97-17S
AARRISON PLACE ON BASS CREEK ADDITION MM)
Pop Two
PURE BE IT RESOLVED that the feral guaraueo uquirements for the following it= per
Section 8.1 of the appmved development contract be reduced as follows:
0 to
Maintenance of Erasion and Sediment
CoubW Plan, Street Sweeping, and Storm
Sewer Cleaning
Cash: $19000 $19000
I.etDer of Credit: $239750 $23,750
FURZHM BE 1T RESOLVED that the sanitary sewer, watetmain, Ed storm sawer =Muctim is
acoepted for continual maintenance as of March 199 1997 Subject to the two year guanmee by the
Developer per Maintenance Bond No. 2651654.
Adopted by the City Council on March 19, 1997.
m�mamsvunrtewnoawt®owaoau �.ox