HomeMy WebLinkAboutCity Council Resolution 1991-768CITY OF PLYMOUTH
RESOLUTION NO. 91- 758
REDUCING DEVELOPMENT BOND
ZACHARY HEIGHTS ADDITION (88042)
WHEREAS, in accordance with the development contract dated January 23, 1989 the Graham
Development Co. developer of Zachary Heights Addition (88042) 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 development bond to reflect the
completed work;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH that
the bonding requirements are reduced as follows:
Street Construction
Concrete Curb and Gutter
Sanitary Sewer
iia t e rma in
Storm Sewer
Boulevard & Drainage
Swale Sod
Pond or Ditch Construction
Street Signs
Park and Trail Improvements
Site Grading & Drainage Improvements
Design, Administration,
Inspection, As-Builts
ORIGINAL TOTAL
Project 7.�5
zubj.ir.(( ))
ORTGINAL
(2)
P1i C
A► OTINT
Private
(3) Original
Total
$ -0-
$ 53,330
$ -0-
$ 53,330
8,636
-0-
-0-
8,636
-0-
52,908
-0-
52,908
-0-
*36,559
-0-
36,559
-0-
28,545
-0-
28,545
-0-
-0-
3,200
3,200
-0-
-0-
-0-
-0-
-0-
300
-0-
300
-0-
-0-
-0-
-0-
(Grading
Permit No.
18491 issued)
-0-
$8,636
20_597
$192,239
384
$3,584
20-991
$204,459
* Does not include the cost of the 12" watermain in Schmidt Lake Road that is to be
reimbursed to the developer.
(1) Public Improvement Project No. 705 - City to own and/or maintain after development
complete.
(2) Developer Improvements. City to own and maintain after development complete.
(3) Private - Property owner and/or property owner's association to maintain after
development completed.
ZACHARY HEIGHTS ADDITION (88042)
Resolution No. 91- 768
Page Two
Street Construction
Concrete Curb and Gutter
Sanitary Sewer
Watermain
Storm Sewer
Boulevard & Drainage
Swale Sod
Pond or Ditch Construction
Street Signs
Park and Trail Improvements
Site Grading & Drainage Improvements
Design, Administration,
Inspection, As-Builts
ORIGINAL TOTAL
Project ?
Public`
NEW AMOUNT
Public �_
(3)
Private
New
Total
$ -0-
$ 11000
$ -0- $
1,000
8,636
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
2,000
2,000
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
(Grading
Permit No.
1849 issued)
360
-o-
$8,636
120
$ 1,120
240
$ 2,240 $
3,360
That the letter of credit required for the above items be reduced as detailed above
from $9,666 to $1,120 to reflect the completed work on the public improvements
(excluding Project No. 705 which is being reduced to $0 (zero) and be reduced from
$2,912, to $2,240 to reflect the completed work on the private improvements.
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted for continual maintenance as of December 2, 1991 subject to the One Year
Guarantee by the developer.
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 6.1 of the approved development contract be reduced as follows:
TTEM OATGTNAI_ AlIOtlNT NEW •l,Oilllt
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sever Cleaning (Grading Permit No 18491
Issued) Cash: $ -0- $ -0-
Letter of Credit: $ -0- $ -o-
In lieu of the required maintenance bond the developer has agreed to post a financial
guarantee in the amount of $1,000 to insure the street construction and concrete curb
and gutter for the required one year guarantee period.
Adopted by the City Council on December 2, 1991.