HomeMy WebLinkAboutCity Council Resolution 1992-793CITY OF PLYMOUTH
RESOLUTION NO. 92-793
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
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
Pro_ect 7Original
PnblirMEuhlic
ORIGINAL
(2)
AMOUNT
Private
Org
(3) t �l
$ -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
20-981
$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. 92-793
Page Two
0
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
-0-
NEW AMOUNT
1,600
Project 7iT�1
-0-
-0-
Public( )
Public Private
(3)
$ -0-
$ -0- $
-0- $
8,636
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
1,600
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
(Grading
Permit No.
1849 issued)
-0-
$8,636 $
-0-
-0-
192
$ 1,792 $
New
1,600
-0-
-0-
-0-
That the letter of credit required for the above items be reduced as detailed above
from $1,120 to $0 (zero) to reflect the completed work on the public improvements
(excluding Project No. 705 which is being reduced to $0 (zero) and be reduced from
$2,240, to $1,792 to reflect the completed work on the private improvements.
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:
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning (Grading Permit No 18491
Issued) Cash:
Letter of Credit:
Adopted by the City Council on December 7, 1992.
$ -0- $ -0-
$ -0- $ -0-
0