HomeMy WebLinkAboutCity Council Resolution 1993-730CITY OF PLYMOUTH
RESOLUTION NO. 93-730
REDUCING DEVELOPMENT BOND
CHURCHILL FARMS 3RD ADDITION (92021)
WHEREAS, in accordance with the development contract dated April 29, 1992, Lundgren
Brothers Construction, Inc., developer of Churchill Farms 3rd Addition (92021) 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
Sanitary Sewer
Watermain
Storm Sewer
Boulevard 6 Drainage
Swale Sod
Pond or Ditch Construction
Street Signs (1 x 150)
Park and Trail Improvements
Site Grading i Drainage Improvements
Design, Administration,
Inspection, As-Builts
ORIGINAL TOTAL
City Proj.
No. 016
ORIGINAL
Puhlic
AMOUNT
Private
Original
Total
$ -0-
$48,000
$ -0-
$48,000
-0-
23,000
-0-
23,000
-0-
18,000
-0-
18,000
23,785
5,500
-0-
5,500
-0-
-0-
2,000
2,000
-0-
-0-
-0-
-0-
-0-
150
-0-
150
-0-
-0-
-0-
-0-
-0-
-0-
39,100
39,100
TOTAL PROJ. NO. 016 $23,785
$106,008 $ 46,032 $152,040
•
CHURCHILL FARMS 3RD ADDITION (92021)
Resolution No. 93-730
Page Two
NEW AMOUNT
City Proj.
New
No. 016
Public Private Total
Street Construction $ -0-
$ -0- $ -0- $ -0-
Sanitary Sewer -0-
-0- -0- -0-
Watermain -0-
-0- -0- -0-
Storm Sewer 23,785
-0- -0- -0-
Boulevard 6 Drainage
Swale Sod -0-
-0- 11000 1,000
Pond or Ditch Construction -0-
-0- -0- -0-
Street Signs (1 x 150) -0-
-0- -0- -0-
Park and Trail Improvements -0-
-0- -0- -0-
Site Grading 5 Drainage Improvements -0-
-0- -0- -0-
Design, Administration,
Inspection, As-Builts
-0- 120 120
ORIGINAL TOTAL
$ -0- $1,120 $1,120
TOTAL PROJ. NO. 016* $23,785
That the letter of credit required for the above
items (excludinE Project No. 016) is
hereby reduced as detailed above from $13,664 to
$1,120. Letter of Credit No. 921009-
1E may be reduced accordingly.
* 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 follows:
I= ORIGINAL
Maintenance of Erosion and
AMOUNT NEW AMOUNT
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash:
$ 11000 $ 11000
Letter of Credit:
$ 5,500 $ 1,100
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. 921009-1C remaining at
$1,100.
FURTHER BE IT RESOLVED that the street construction
and concrete curb and gutter is
accepted for continual maintenance as of November
15, 1993 subject to the Two Year
Guarantee by the Developer per the maintenance bond provided by Nodland Construction
Company, Inc.
Adopted by the City Council on November 15, 1993.