HomeMy WebLinkAboutCity Council Resolution 1993-058RESOLUTION NO. 93-58
REDUCING DEVELOPMENT BOND
HARB`R WOODS ADDITION (90093)
WHEREAS, in accordance with the development contract dated September 25, 1992, Carlson
Real Estate Company, developer of Harbor Woods Addition (90093), has agreed to install
certain improvements for said development; and
WHEREAS, the developer has completed a portior 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 (Excluding City Proj.)
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs (2 x 150)
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 86,800
$ 55,000
64,200
-0-
48,255
-0-
79,800
-0-
5,600
5,600
-0-
-0-
300
300
99.075
19,815
1,680
46.285
1,680
9.887
$431,995 $ 92,282
That the letter of redit required for the above items be reduced as detailed above
from $170,964 to C 2,282 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:
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
$1,000 $1,000
$6,650 $6,650
FURTHER BE IT RESOLVED that the sanitary sewer, watermain (including the 16 inch
watermain) and storm sewer construction is accepted for continual maintenance as of
January 25, 1993 subject to the Two Year Guarantee by the Developer per Bond No. 400 JH
6675.
Adopted by the City Council on January 25, 1993