HomeMy WebLinkAboutCity Council Resolution 1992-294CITY OF PLYMOUTH
RESOLUTION NO. 92-294
REDUCING DEVELOPMENT BOND
CHURCHILL FARMS 2ND ADDITION (91079)
WHEREAS, in accordance with the development contract dated September 30, 1991, Lundgren
Brothers Construction, Inc., developer of Churchill Farms 2nd Addition (91079) 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:
City Proj. Original
Street Construction
$ -0-
$98,000
$ -0-
$98,000
Sanitary Sewer
-0-
36,000
-0-
36.000
Watermain
-0-
47,000
-0-
47,000
Storm Sewer
23,785
32,000
-0-
32,000
Boulevard i Drainage
Swale Sod
-0-
-0-
6,000
6.000
Pond or Ditch Construction
-0-
-0-
-0-
-0-
Street Signs (2 z 150)
-0-
300
-0-
300
Park and Trail Improvements
-0-
-0-
-0-
-0-
Site Grading i Drainage Improvements
-O-
-0-
120,000
120,000
Design, Administration,
Inspection. As-Builts
25.596
15 -UQ
40.716
ORIGINAL TOTAL
$238,896
$141,120
$380,016
TOTAL PROJ. NO. 016 $23.785
u
CHURCHILL FARMS 2ND ADDITION (91079)
Resolution No. 92-294
Page Two
IBM
NEW
AMOUNT
City Proj.
No. 016
kwlu.Q
Private
New
Total
Street Construction
$ -0-
$68,000
$ -0-
$68.000
Sanitary Sewer
-0-
7,200
-0-
7.200
Wateratin
-0-
9.400
-0-
9,400
Storm Serer
23.785
24.000
-0-
24,000
Boulevard 4 Drainage
Swale Sod
-0-
-0-
6,000
6,000
Pond or Ditch Construction
-0-
-0-
-0-
-0-
Street Signs (2 x 1500
-0-
300
-0-
300
Park and Trail Improvements
-0-
-0-
-0-
-0-
Site Grading i Drainage Improvements
-0-
-0-
96,000
96.000
Design. Administration.
Inspection. As -Built*
13.068
12.240
ZSWI=
ORIGINAL TOTAL
$121,968
$114,240
$236,208
TOTAL PROJ. NO. 016* $23.785
That the letter of credit required for the above items (excluding Project No. 016) is
hereby reduced as detailed above from $380.016 to $236.208.
* The required financial guarantee for this was provided with Churchill Farms Addition
(90009).
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced as follower
Maintenance of Erosion and
Sediment Control Plan.
Street Sweeping and Stora
Sewer Cleaning Cash: $ 1,000 $ 1.000
Letter of Credit: $38,200 $38,200
FURTHER BE IT RESOLVED that the required financial guarantees for the above items
remain at $1,000 cash with the required Letter of Credit No. 911023-1B remaining at
$38.200.
---- Adopted by the City Council on May 18. 1992