HomeMy WebLinkAboutCity Council Resolution 1997-757RESOLUTION NO. 97 - 757
REDUCING REQUIRED FINANCIAL GUARANTEE
GOLFVIEW WOODS ADDITION (96056)
WHEREAS, in accordance with the development contract dated October 17, 1996, Mary WeinzIerl.
developer of Golfview Woods Addition (MO, bas 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-ollov+s:
That the required financial guarantee for the above items be reduced as detailed above iiom $2,128 to
$600 to reflect the completed work. Letter of Credit No. 1653 may be reduced accordingly.
01 wmISwWn On 07.777.ia
ORIGINAL
NEW
EMM
AMOUNT
AIIZt2iJbT
Street Construction
$27,527
$4
Old Rockford Road Curb & Gutter
2,456
4
Sanitary Sewer
159887
4
Watermain
16,306
4
Storm Sewer
10,779
4
Boulevard and Drainage Swale Sod
1,600
400
Mitigation Pond Construction
-0-
4
NLTRP Pond Construction
19830
4
Street Signs (0 X 200)
4
4
Wetland Monument
300
4
Site Grading and Drainage Improvements
20,396
4
Remove Existing Buildings
Park and Trail Improvements
-0-
-0-
Setting Iron Monuments
S00
4
Design, Administration, Inspection, As-Builts
.?a.31
-M
TOTAL
$114$891
$ 600
That the required financial guarantee for the above items be reduced as detailed above iiom $2,128 to
$600 to reflect the completed work. Letter of Credit No. 1653 may be reduced accordingly.
01 wmISwWn On 07.777.ia
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_.ESOLLMON NO. 97-7S7
GOLFVIEW WOODS ADDITION (96050
Pop Tvro
FURTHER BE IT RESOLVED that the financial guarantee reclwcements for the following items per
Section 8.1 of the approved developmcnt contract remain as follows:
19M
Maintenance of Erosion and Sediment
Control Plan. Stream Sweeping, and Storm
Sewer Cleaning
Cash:
Financial Guarantee (cash):
. Jopted by the City Council on December 17, 1997,
v! h0 c klll AM), �Y I
$11000 $1,000
$1X0 $-0-
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