HomeMy WebLinkAboutCity Council Resolution 1999-364RESOLUTION NO. 99-364
REDUCING REQUIRED FINANCIAL GUARANTEE
PARKERS LAKE NORTH 5' ADDITION (88065)
WHEREAS, in accordance with the development contract dated November 9, 1988, Northland Land
Company, developer of Parkers Lake North 5th Addition (88065), 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 $234,543 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 1999-364 59559ACCR 1999-364.doc
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Construction
$ 67,337
$ -0-
Traffic Signal Construction
40,000
-0-
Sanitary Sewer Proj. 813
45,154
-0-
Watermain
16,580
-0-
Storm Sewer
24,399
-0-
Boulevard and Drainage Swale Sod
8,480
-0-
Mitigation Pond Construction
-0-
-0-
Pond or Ditch Construction
9,460
-0-
Street Signs (lxl50)
150
-0-
Site Grading and Drainage Improvements
-0-
-0-
Park and Trail Improvements
4,530
-0-
Setting Iron Monuments
-0-
-0-
Design, Administration, Inspection, As-Builts
18,453
-0-
TOTAL
$ 234,543
$ -0-
That the required financial guarantee for the above items be reduced as detailed above from $234,543 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 1999-364 59559ACCR 1999-364.doc
RESOLUTION NO. 99-364
PARKERS LAKE NORTH 5th ADDITION (88065)
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, sanitary sewer, storm sewer and watermain 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 1999-364 59559ACCR 1999-364.doc