HomeMy WebLinkAboutCity Council Resolution 1999-363RESOLUTION NO. 99-363
REDUCING REQUIRED FINANCIAL GUARANTEE
PARKERS LAKE NORTH 3rd ADDITION (87036)
WHEREAS, in accordance with the development contract dated October 5, 1987, Laukka-Williams Parkers
Lake, developer of Parkers Lake North 3rd Addition (87036), 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 $14,896 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 1999-363_59558\CCR 1999-363.doc
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Construction
$ 148,867
$ -0-
Sanitary Sewer
118,274
-0-
Watermain
106,377
-0-
Storm Sewer
45,931
-0-
Boulevard and Drainage Swale Sod
20,600
-0-
Mitigation Pond Construction
-0-
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
1,050
-0-
Site Grading and Drainage Improvements
-0-
-0-
Park and Trail Improvements
-0-
-0-
Setting Iron Monuments
-0-
-0-
Design, Administration, Inspection, As-Builts
52,932
-0-
TOTAL
$ 494,031
$ -0-
That the required financial guarantee for the above items be reduced as detailed above from $14,896 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 1999-363_59558\CCR 1999-363.doc
RESOLUTION NO. 99-363
PARKERS LAKE NORTH 3rd ADDITION (87036)
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 [See Parkers Lake North 2nd
Addition (87006)
Cash:
Financial Guarantee:
ORIGINAL NEW
AMOUNT AMOUNT
$ -0- $-0-
$-0-
-0-
$-0- $ -0-
FURTHER BE IT RESOLVED that the street construction is accepted for continual maintenance as of
September 7, 1999.
Adopted by the City Council on September 7, 1999.
C:ADoc=cnts and Settingsubaird\Local Settings\Temp\CCR 1999-363_59558\CCR 1999-363.doc