HomeMy WebLinkAboutCity Council Resolution 1999-298RESOLUTION NO. 99-298
REDUCING REQUIRED FINANCIAL GUARANTEE
LUTZS CEDAR VIEW ADDITION (95042)
WHEREAS, in accordance with the development contract dated August 24, 1999, B. J. Lutz and Sarah L.
Lutz, developer of Lutzs Cedar View Addition (95042), 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 $6,496 to $0
(zero) to reflect the completed work. The required financial guarantee may be reduced accordingly.
C:ADoc=cnts and Settingsubaird\Local Settings\Temp\CCR 1999-298_59493\CCR 1999-298.doc
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Construction
$ -0-
$ -0-
Sanitary Sewer and Water Service/Street Repair
5,400
-0-
Sanitary Sewer
-0-
-0-
Watermain
-0-
-0-
Storm Sewer
-0-
-0-
Boulevard and Drainage Swale Sod
400
-0-
Mitigation Pond Construction
-0-
-0-
N URP Pond Construction
-0-
-0-
Street Signs (0x200)
-0-
-0-
Site Grading and Drainage Improvements
-0-
-0-
Park and Trail Improvements
-0-
-0-
Setting Iron Monuments
-0-
-0-
Design, Administration, Inspection, As-Builts
696
-0-
TOTAL
$ 6,496
$ -0-
That the required financial guarantee for the above items be reduced as detailed above from $6,496 to $0
(zero) to reflect the completed work. The required financial guarantee may be reduced accordingly.
C:ADoc=cnts and Settingsubaird\Local Settings\Temp\CCR 1999-298_59493\CCR 1999-298.doc
RESOLUTION NO. 99-298
LUTZS CEDAR VIEW ADDITION (95042)
Page Two
FURTHER BE IT RESOLVED that the financial guarantee requirements for the following items per Section
8.1 of the approved development contract be reduced 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 $-0-
$-0-
-0-
$-0- $ -0-
FURTHER BE IT RESOLVED that the financial guarantee for the above items be reduced from $1,000 cash
to $0 (zero). The financial guarantee may be reduced accordingly and will be released by the Finance
Department.
Adopted by the City Council on July 6, 1999.
C:ADoc=cnts and Settingsubaird\Local Settings\Temp\CCR 1999-298_59493\CCR 1999-298.doc