HomeMy WebLinkAboutCity Council Resolution 1993-493CITY OF PLYMOUTH
RESOLUTION NO. 93-493
REDUCING DEVELOPMENT BOND
BASS LAKE WOODS ADDITION (84075)
WHEREAS, in accordance with the development contract dated November 15, 1984, Bass Lake
Woods Associates, developer of Bass Lake Woods Addition (84075), 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:
JJUX ORIGINAL
Street Construction $
AMOUNT NEW
74,700
AMOUNT
$ -0-
Sanitary Sewer
66,000
-0-
Watermain
56,000
-0-
Storm Sewer
74,000
-0-
Boulevard and Drainage Swale Sod
8,200
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
600
-0-
Site Grading and Drainage Improvements
48,200
-0-
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts
39.324
-0-
TOTAL $
367,024
$-0-
That the letter of credit required for the above items
be reduced as detailed above
from $448 to $0 (zero) 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:
ITEM ORIGINAL
AMOUNT NEW
AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
$1,000
$-0-
Letter of Credit:
$12.500
$-0-
Adopted by the City Council on August 30, 1993