HomeMy WebLinkAboutCity Council Resolution 1999-487RESOLUTION NO. 99-487
REDUCING REQUIRED FINANCIAL GUARANTEE
JARNES ADDITION (95129)
WHEREAS, in accordance with the development contract dated February 8, 1996, The Norman P. Jarnes
Revocable Trust, developer of Jarnes Addition (95129), 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:
ITEM
ORIGINAL
NEW
AMOUNT
AMOUNT
Street Construction
$ 5,900
$ 1,180
Sanitary Sewer
17,650
3,530
Water Services
4,200
840
Storm Sewer
-0-
-0-
Boulevard and Drainage Swale Sod
800
400
Mitigation Pond Construction
-0-
-0-
Sediment Pond Construction
-0-
-0-
Street Signs (200)
-0-
-0-
Site Grading and Drainage Improvements
11,500
-0-
Park and Trail Improvements
-0-
-0-
Setting Iron Monuments
-0-
-0-
Design, Administration, Inspection, As-Builts
4,806
714
TOTAL
$ 44,856
$ 6,664
That the required financial guarantee for the above items be reduced as detailed above from $13,182 to
$6,664 to reflect the completed work. The financial guarantee may be reduced accordingly.
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RESOLUTION NO. 99-487
JARNES ADDITION (95129)
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 ORIGINAL NEW
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 November 16, 1999.
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