HomeMy WebLinkAboutCity Council Resolution 2000-613RESOLUTION NO. 2000-613
REDUCING REQUIRED FINANCIAL GUARANTEE
CONOR MEADOWS PLAT THREE (98092)
WHEREAS, in accordance with the development contract dated July 9, 1998, Centex Real Estate
Corporation, developer of Conor Meadows Plat Three (98092), 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 $3,696 to $0
(zero) to reflect the completed work. Subdivision Bond No. 5944082 submitted as the financial guarantee
may be reduced from $5,544 (150% x $3,696) to $0 (zero) and will be released by the Finance Department.
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ORIGINAL
NEW
ITEM
AMOUNT
AMOUNT
Street Construction
$ 29,322
$ -0-
Sanitary Sewer
7,520
-0-
Watermain
8,445
-0-
Storm Sewer
10,700
-0-
Boulevard and Drainage Swale Sod
6,800
-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
1,300
-0-
Design, Administration, Inspection, As-Builts
7,738
-0-
TOTAL
$ 72,225
$ -0-
That the required financial guarantee for the above items be reduced as detailed above from $3,696 to $0
(zero) to reflect the completed work. Subdivision Bond No. 5944082 submitted as the financial guarantee
may be reduced from $5,544 (150% x $3,696) to $0 (zero) and will be released by the Finance Department.
C:ADoc=cnts and Settingsubaird\Local Settings\Temp\CCR 2000-613_67496ACCR 2000-613.doc
RESOLUTION NO. 2000-613
CONOR MEADOWS PLAT THREE (98092)
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 (Included in Conor Meadows
Plat 2 (96150))
Cash:
Financial Guarantee:
Adopted by the City Council on December 19, 2000.
ORIGINAL NEW
AMOUNT AMOUNT
$ -0- $-0-
$-0-
-0-
$-0- $-0-
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