HomeMy WebLinkAboutCity Council Resolution 1997-501•
RESOLUTION NO, 97-501
REDUCING REQUIRED FINANCIAL GUARANTEE
MISSION VIEW ADDITION (94158)
WHEREAS, in accordance with the development contract dated May 1, 1996, Baton Corporation, developer
of Mission View Addition (94158)9 has agreed to install certain improvements for said development; 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:
ORIGINAL
r r
AMOUNT AMOUNT
Street Construction
$ 77,000
$15,400
Sanitary Sewer
93.000
18.600
Watermain
889000
179600
Storm Sewer
42,000
8,400
Boulevard and Drainage Swale Sod
5,200
5,200
Mitigation Pond Construction
10-
-)-
Sediment Pond Construction
21,000
4,200
Street Signs (3 x 200)
600
600
Site Grading and Drainage Improvements
260,000
529000
Park and Trail Improvements
151000
150000
Setting Iron Monuments -
2,000
1.000
Design, Administration, Inspection, As-Builts
72A56
16,560
TOTAL
S 676j256
S154,560
That the required financial guarantee for the above items be reduced as detailed above from $223,664 to
51540560 to reflect the completed work. The required Financial Guarantee maybe reducerl accordicgl3 .
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ZESOLUTION NO. r-501
MISSION VIEW ADDITION (94158)
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FURTHER BE IT RESOLVED that the financiaf guarantee requirements for the following items per Section
8.1 of the approved development contract be reduced as follows:
10 u
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping and Storm
Sewer Cleaning
Cash:
Financial Guarantee:
Adopted by the City Council on September 3, IM.
: u � 1►1 : u � 1►1
$1,000 $10000
S155950 $ 159950
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