HomeMy WebLinkAboutCity Council Resolution 2001-238RESOLUTION NO. 2001-238
REDUCING REQUIRED FINANCIAL GUARANTEE
FERNBROOK WOODS 4TH ADDITION (98093)
WHEREAS, in accordance with the development contract dated July 9, 1998, Marvin H. Anderson
Constriction Company, developer of Fernbrook Woods 4t1' Addition (98093), 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:
That the required financial guarantee for the above items be reduced as detailed above from $12,740 to $224
to reflect the completed work. The required financial guarantee, in this case cash, may be reduced
accordingly.
C Documents and Settnig, anfieese,Local Settuig, TempVC(R 2001-238 54495CCR 2001-238 doe
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Constriction
$ 9,500
$ -0-
Sanitary Sewer
-0-
-0-
Watermain
-0-
-0-
Storm Sewer
-0-
-0-
Boulevard and Drainage Swale Sod
1,000
200
Mitigation Pond Constriction
-0-
-0-
N [-]RP Pond Constriction
-0-
-0-
Street Signs (0)
-0-
-0-
Site Grading and Drainage Improvements
-0-
-0-
Park and Trail Improvements
500
-0-
Setting Iron Monuments
375
-0-
Design, Administration, Inspection, As-Builts
1,365
24
TOTAL
$ 12,740
$ 224
That the required financial guarantee for the above items be reduced as detailed above from $12,740 to $224
to reflect the completed work. The required financial guarantee, in this case cash, may be reduced
accordingly.
C Documents and Settnig, anfieese,Local Settuig, TempVC(R 2001-238 54495CCR 2001-238 doe
RESOLUTION NO. 2001-238
FERNBROOK WOODS 4TH ADDITION (98093)
Page Two
FURTHER BE IT RESOLVED that the financial guarantee requirements for the following items per Section
8.1 of the approved development contract remain as follows:
ITEM
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning
Cash:
Financial Guarantee:
ORIGINAL NEW
AMOUNT AMOUNT
$ 1,000 $ 1,000
$ -0- $ -0-
FURTHER BE IT RESOLVED that the street constriction is accepted for continual maintenance as of
June 12, 2001.
Adopted by the City Council on June 12, 2001.
C Documents and Settnig, anfieese,Local Settuig, TempVC(R 2001-238 54495CCR 2001-238 doe