HomeMy WebLinkAboutCity Council Resolution 2001-419RESOLUTION NO. 2001-419
REDUCING REQUIRED FINANCIAL GUARANTEE
FERNBROOK WOODS 3D ADDITION (96057)
WHEREAS, in accordance with the development contract dated June 27, 1996, Marvin H. Anderson
Constriction Company, developer of Fernbrook Woods -1 Addition (96057), 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 $3,248 to $224 to
reflect the completed work. The required financial guarantee in this case cash may be reduced accordingly.
C:\Documents and Settings\mfreese\Local Settings\Temp\CCR 2001-419_54739\CCR 2001-419.doc
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Constriction
$ 79,409
$ -0-
Sanitary Sewer
39,870
-0-
Watermain
41,688
-0-
Storm Sewer
33,566
-0-
Boulevard and Drainage Swale Sod
4,800
200
Mitigation Pond Constriction
-0-
-0-
N [-]RP Pond Constriction
-0-
-0-
Street Signs (4 x 200)
800
-0-
Site Grading and Drainage Improvements
-0-
-0-
Park and Trail Improvements
3,850
-0-
Setting Iron Monuments
2,000
-0-
Design, Administration, Inspection, As-Builts
24,718
24
TOTAL
$ 230,701
$ 224
That the required financial guarantee for the above items be reduced as detailed above from $3,248 to $224 to
reflect the completed work. The required financial guarantee in this case cash may be reduced accordingly.
C:\Documents and Settings\mfreese\Local Settings\Temp\CCR 2001-419_54739\CCR 2001-419.doc
RESOLUTION NO. 2001-419
FERNBROOK WOODS 3RD ADDITION (96057)
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 (Financial guarantee requirements are
included in Fernbrook Woods 2"a Addition (94018))
Cash:
Financial Guarantee:
Adopted by the City Council on October 9, 2001.
ORIGINAL NEW
AMOUNT AMOUNT
$ -0- $-0-
$-0-
-0-
$-0- $-0-
C:\Documents and Settings\mfreese\Local Settings\Temp\CCR 2001-419_54739\CCR 2001-419.doc