HomeMy WebLinkAboutCity Council Resolution 1997-265RESOLUTION NO.97. 265
REDUMG REQun= FI NANLIAL GUARANPEE
IIEATMM RUN 3RD ADDITION (MM
WHEREAS, in accordance with the de dapment carman dated July 129 1994, Iaundgree Bros.
CansaucdOno Inc., developer of Heather Run 3rd Addition MWO), hn gFeed to insWi certain
I qF m mments for acid development; and
WHEREAS, the developer has completed a portion of the street, utility and site grading as noted below;
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Wi[EREAS, the developer has requested a reduction of the required financial guarantee to ref ect 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 rduced as follows:
11
ORIGINAL
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Street Conunic ion
5550800
-0-
Sanitary Sewer
28,000
-0-
Watermisin
30,000
-0-
Stam Sewer
14,000
-0-
Boulevard and Drainage Swale Sod
3,000
-0-
Sediment Pod Construction
5.000
.-
Strew Signs (2 x 200)
400
4)6
SO Grading and Drainage Improvements
450000
-0-
Park and 'frail Impmverown
-0-
-)-
Setting Iron Monuments
2,000
-0-
Design, Administration, Inspection, As-Builts
21,984
-0-
TOTAL
$2059184
$4
That the required financial guarantee for the above items be reduced as detailed above from $2,240 to $0
(zero) to reflect the completed work. letter of Credit No. 28627-B may be reduced accordingly and will
be released by the Finance Department.
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RESOLUTION N0.97- 26S
MATIR RUN 3RD ADDITION (%M
Pap Two
FURTHER BE PP RESOLVED that the financial guarantee requirements for the following items per
Sec ion 8.1 of the approved development contract be reduced as follows:
H!
Maintenance of Erosion and Sediment
Control Plan, Saw Sweeping, and Storm
Sewer Cleaning
Cash:
Inter of Credit No. 2846&A:
Adopted by the City Council on May 7, 1997.
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W.1u 1.Y ll l�il
$ 19000 $19000
$239300 $49660
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