HomeMy WebLinkAboutCity Council Resolution 1997-405CITY OF PLYMOUTH
RESOLUTION NO. 97409
REDUCING REQUIRED FINANCIAL GUARANTEE
PLYMOUTH TECHNOLOGY PARK (91031)
WHEREAS, in a000rdan a with the development cortenct dated December 11, IM, PbmwA Partners 11. developer of P4rmatdt
Tedmoba Park (91031 ] has agreed to iamU outdo 6npovemean forum dm- pmenk and
WHEREA& rho dmeloper has complexa portion of the stray, utility and site p W tg a oozed below. and
WHEREAS, the developer bas requested a reduction of die r+eq bW Ibtanc W guarantee to reflect the completed wak
NOW, THEREFORE. BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH.
MINNESOTA: that the financial guarantee requiraaerua are raktced a fbltows:
That the required financial guarantee for the above items be reduced as detailed above f}om S284.396 to S136.668 to reflect the
completed work. The Financial Guarantee may be reduced accordingly.
FURTHER BE IT RESOLVED that the financial guarantee requirements for the following cans per Section 8.1 of the approved
development contract be reduced as follows:
[qN
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Stona
Sewer Cleaning
Cash:
Letter of Credit No. 1087 96:
.dopted by the City Council on July 9, 1997.
ORIGINAL NEW
ANO AMOUNT
$11000 S 11000
S8,395 S8.395
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ORIGINAL
NEW
IMI
AMOUNT
AMOUNT
Street Construction
Z69.09
S69,179
Sanitary Sewer
9.530
1,994
Watermalo
17,876
3,373
Stam $ewer
41,220
8.244
Boulevard aid Dmloagc Swale Sod
2,999
21975
Mitiptlon Pond Cain
0
I
Treatment Pond Coostructioa
24.000
4.8W
Suva Signs (1 x 5200)
200
M.
Site Grading and Drainage Improvements
88,680
31,038
Park and TfaU Impovaaats
0
0
Setting Iron Mannmeaa
0
0
Design, Administratlon. Inspection. As -Bulla
am
14.443
TOTAL
S2",5"
S 136,668
That the required financial guarantee for the above items be reduced as detailed above f}om S284.396 to S136.668 to reflect the
completed work. The Financial Guarantee may be reduced accordingly.
FURTHER BE IT RESOLVED that the financial guarantee requirements for the following cans per Section 8.1 of the approved
development contract be reduced as follows:
[qN
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Stona
Sewer Cleaning
Cash:
Letter of Credit No. 1087 96:
.dopted by the City Council on July 9, 1997.
ORIGINAL NEW
ANO AMOUNT
$11000 S 11000
S8,395 S8.395
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•