HomeMy WebLinkAboutCity Council Resolution 1991-770CITY OF PLYMOUTH
RESOLUTION NO. 91- 770
REDUCING DEVELOPMENT BOND
CHURCHILL FARMS ADDITION (90009)
WHEREAS, in accordance with the development contract dated June 14, 1991, Lundgren
Brothers Construction, Inc., developer of Churchill Farms Addition (90009), 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,
MINNESOTA; that the bonding requirements are reduced as follows:
Street Construction
Co. Ld. 24 Turn Lane
Sanitary Sewer
Watermain
Storm Sewer (Does Not Include Proj. No. 016)
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 136,500
$ 35,000
19,980
1,980
84,700
-0-
67,000
-0-
53,600
-0-
8,000
8,000
-0-
-0-
750
750
114,900
23,000
5,500
5,500
$ 549,842 $ 82,900
That the letter of credit required for the above items be reduced as detailed above
from $262,964 to $82,900 to reflect the completed work.
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced as follows:
ffi7fl
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
$1,000 $1,000
$27,400 $13,700
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, and storm sewer construction
is accepted for continual maintenance as of December 2, 1991 subject to the Two Year
Guarantee by the Developer.
Adopted by the City Council on December 2, 1991