HomeMy WebLinkAboutCity Council Resolution 1998-042RESOLUTION NO. 98 - 42
REDUCING REQUIRED FINANCIAL GUARANTEE
NORTH COUNTRY ESTATES (97023)
WHEREAS, in accordance with the development contract dated December 4, 1997, North Country
Properties, Inc., developer of North Country Estates (97023), 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 $54,544 to
$20,138 to reflect the completed work. The required financial guarantee maybe reduced accordingly.
( `.ADocuments and Settnig,,esvigeiLocal Settmg, TempVC(R 1998-042584-8 CCR 1998-042 doe
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Restoration
$ 1,000
$ 1,000
Sanitary Sewer Service
5,250
1,050
Watermain System
3 3, 15 0
6,630
Storm Sewer System
-0-
-0-
Boulevard and Drainage Swale Sod
1,000
1,000
Mitigation Pond Constriction
-0-
-0-
N [-]RP Pond Constriction
-0-
-0-
Street Signs (200)
-0-
-0-
Site Grading and Drainage Improvements
8,000
8,000
Park and Trail Improvements
-0-
-0-
Setting Iron Monuments
300
300
Design, Administration, Inspection, As-Builts
5,844
2,158
TOTAL
$ 54,544
$ 20,138
That the required financial guarantee for the above items be reduced as detailed above from $54,544 to
$20,138 to reflect the completed work. The required financial guarantee maybe reduced accordingly.
( `.ADocuments and Settnig,,esvigeiLocal Settmg, TempVC(R 1998-042584-8 CCR 1998-042 doe
RESOLUTION NO. 98-42
NORTH COUNTRY ESTATES (97023)
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:
ORIGINAL NEW
ITEM AMOUNT AMOUNT
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning
Cash: $ 1,000 $ 1,000
Financial Guarantee: $ -0- $ -0-
Adopted by the City Council on January 21, 1998.
( `.ADocuments and Settnig,,esvigeiLocal Settmg, TempVC(R 1998-042584-8 CCR 1998-042 doe