HomeMy WebLinkAboutCity Council Resolution 2000-578RESOLUTION NO. 2000-578
REDUCING REQUIRED FINANCIAL GUARANTEE
NORTH COUNTRY ESTATES (97023)
WHEREAS, in accordance with the development contract dated December 4, 1997, North Country
Properties, Inc., developer of North Country Estates (97023), 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 $1,008 to $0
(zero) to reflect the completed work. Letter of Credit No. 730 may be reduced accordingly and will be
released by the Finance Department.
C:ADoc=cnts and Settingsubaird\Local Settings\Temp\CCR 2000-578_67461\CCR 2000-578.doc
ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Restoration
$ 1,000
$ -0-
Sanitary Sewer Service
5,250
-0-
Watermain System
33,150
-0-
Storm Sewer System
-0-
-0-
Boulevard and Drainage Swale Sod
1,000
-0-
Mitigation Pond Construction
-0-
-0-
N URP Pond Construction
-0-
-0-
Street Signs (200)
-0-
-0-
Site Grading and Drainage Improvements
8,000
-0-
Park and Trail Improvements
-0-
-0-
Setting Iron Monuments
300
-0-
Design, Administration, Inspection, As-Builts
5,844
-0-
TOTAL
$ 54,544
$ -0-
That the required financial guarantee for the above items be reduced as detailed above from $1,008 to $0
(zero) to reflect the completed work. Letter of Credit No. 730 may be reduced accordingly and will be
released by the Finance Department.
C:ADoc=cnts and Settingsubaird\Local Settings\Temp\CCR 2000-578_67461\CCR 2000-578.doc
RESOLUTION NO. 2000-578
NORTH COUNTRY ESTATES (97023)
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 erosion control be reduced from $1,000 cash
to $0 (zero). The financial guarantee may be reduced accordingly and will be release by the Finance
Department.
Adopted by the City Council on November 28, 2000.
C:ADoc=cnts and Settingsubaird\Local Settings\Temp\CCR 2000-578_67461\CCR 2000-578.doc