HomeMy WebLinkAboutCity Council Resolution 2000-459RESOLUTION NO. 2000-459
REDUCING REQUIRED FINANCIAL GUARANTEE
SAVANNAH 2ND ADDITION (95021)
WHEREAS, in accordance with the development contract dated January 23, 1996, Lundgren Brothers
Construction, Inc., developer of Savannah 2nd Addition (95021), 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 $224 to $0 (zero)
to reflect the completed work. Letter of Credit Number 29249-A may be reduced accordingly and will be
released by the Finance Department.
C:ADoc=cnts and Settingsubaird\Local Settings\Temp\CCR 2000-459_67343\CCR 2000-459.doc
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Construction
$ 63,600
$ -0-
Sanitary Sewer
61,400
-0-
Watermain
3 5, 900
-0-
Storm Sewer
12,200
-0-
Boulevard and Drainage Swale Sod
3,200
-0-
Mitigation Pond Construction
-0-
-0-
N URP Pond Construction
-0-
-0-
Street Signs (2 X 200)
400
-0-
Site Grading and Drainage Improvements
-0-
-0-
Park and Trail Improvements
-0-
-0-
Setting Iron Monuments
1,360
-0-
Design, Administration, Inspection, As-Builts
21,367
-0-
TOTAL
$ 199,427
$ -0-
That the required financial guarantee for the above items be reduced as detailed above from $224 to $0 (zero)
to reflect the completed work. Letter of Credit Number 29249-A may be reduced accordingly and will be
released by the Finance Department.
C:ADoc=cnts and Settingsubaird\Local Settings\Temp\CCR 2000-459_67343\CCR 2000-459.doc
RESOLUTION NO. 2000-459
SAVANNAH 2ND ADDITION (95021)
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 remain follows:
ORIGINAL NEW
ITEM AMOUNT AMOUNT
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping, and Storm
Sewer Cleaning [see Savannah Addition (93112)]
Cash: $ -0- $ -0-
Financial Guarantee: $ -0- $ -0-
Adopted by the City Council on September 26, 2000.
C:ADoc=cnts and Settingsubaird\Local Settings\Temp\CCR 2000-459_67343\CCR 2000-459.doc