HomeMy WebLinkAboutCity Council Resolution 1993-060CITY OF PLYMOUTH
RESOLUTION NO. 93-60
REDUCING DEVELOPMENT BOND
KINGSWAY ESTATES ADDITION (90081)
WHEREAS, in accordance with the development contract dated February 20, 1991, Orville
E. Miller and Joyce T. Miller, developer of Kingsway Estates addition (90081) has
agreed to install certain improvements for said development; and
WHEREAS, the developer has completed the utility construction 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:
INK M14zF3FWX"(I1it'31 1M*MFX(41114
Sanitary Sewer -0- 2,500 -0- -0-
Watermain 9,600 -0 -0- -0-
Inspection, As-Builts 1.152
s00 -0- _o_
TOTAL $10,752 $2,800 $-0- $-0-
That the letter of credit required for the above items was previously reduced as
detailed above from $10,752 to $-0- to reflect the completed work on the public
improvements, and from $2,800 to $-0- 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:
ITEM ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash: $ 1,000 $ -0-
That the $1,000 cash deposit submitted on April 11, 1991 is reduced as detailed above
from $1,000 to $0 to reflect the completed work. The cash deposit is hereby released
and will be returned to the developer.
Adopted by the City Council on January 25, 1993.