HomeMy WebLinkAboutCity Council Resolution 1993-797CITY OF PLYMOUTH
RESOLUTION NO. 93-797
REDUCING DEVELOPMENT BOND
BASS LAKE TERRACE ADDITION (90050)
WHEREAS, in accordance with the development contract dated March 12, 1991, Programmed
Land, Inc.. Vern Reynolds Construction Company, Inc., and Builders Development and
Finance, Inc., developer of Bass Lake Terrace Addition (90050) 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 Service
Watermain Services
Storm Sewer
Boulevard & Drainage
Swale Sod
Pond or Ditch Construction
Street Signs (5 x 150)
Park and Trail Improvements
Site Grading & Drainage Improvements
Design, Administration,
Inspection, As-Builts
ORIGINAL TOTAL
City Proj.
No. 106
ORIGINAL
Puhlir
AMOUNT
Private
Original
Total
$ 33,104
$133,207
$ -0-
$133,207
-0-
52,226
-0-
52,226
-0-
53,113 *
-0-
53,113
31,983
62,730
-0-
62,730
-0-
-0-
9,600
9,600
-0-
-0-
-0-
-0-
-0-
750
-0-
750
-0-
-0-
-0-
-0-
-0-
-0-
257,000 **
257,000
$338,269 $298,592 $636,861
TOTAL PROJ. NO. 106 $65,087
* Does not include the estimated cost for reimbursing the developer for the
oversizing of the watermain from 8" to 12" in the amount of $10,504.
** Does not include grading cost east of centerline Northwest Boulevard.
0
BASS LAKE TERRACE ADDITION (90050)
Resolution No. 93-797
Page Two
Street Construction
Sanitary Sewer Service
Watermain Services
Storm Sewer
Boulevard & Drainage
Swale Sod
Pond or Ditch Construction
Street Signs (5 x 150)
Park and Trail Improvements
Site Grading & Drainage Improvements
Design, Administration,
Inspection, As-Builts
NEW TOTAL
TOTAL PROJ. NO. 106 $65,087
055 6,912 -0-
$ 37,843 $ 61,152 $-0-
* Does not include the estimated cost for reimbursing the developer for the
oversizing of the watermain from 8" to 12" in the amount of $10,504.
** Does not include gradi•g cost east of centerline Northwest Boulevard.
That the letter of credit required for the above items (excluding Proj. No. 106) be
reduced as detailed above from $98,995 to $ 0 (zero) to reflect the completed work.
Letter of Credit No. 8663 may be reduced accordingly and will be returned by the
Finance Department.
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:
RM
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning *** Cash: $ -0-
Letter of Credit: $-0-
*** See Grading Permit No. 2711 for required financial guarantees
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted for continual maintenance as of December 20, 1993 subject to the One Year
Guarantee by the Developer.
Adopted by the City Council on December 20, 1993
NEW AMOUNT
City Proj.
New
No. 106
Public
Private
Total
$ 33,104
$ 26,641
$ -0-
$ -0-
-0-
-0-
-0-
-0-
-0-
-0-
* -0-
-0-
31,983
6,397
-0-
-0-
-0-
-0-
9,600
-0-
-0-
-0-
-0-
-0-
-0-
750
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
45,000 **
-0-
TOTAL PROJ. NO. 106 $65,087
055 6,912 -0-
$ 37,843 $ 61,152 $-0-
* Does not include the estimated cost for reimbursing the developer for the
oversizing of the watermain from 8" to 12" in the amount of $10,504.
** Does not include gradi•g cost east of centerline Northwest Boulevard.
That the letter of credit required for the above items (excluding Proj. No. 106) be
reduced as detailed above from $98,995 to $ 0 (zero) to reflect the completed work.
Letter of Credit No. 8663 may be reduced accordingly and will be returned by the
Finance Department.
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:
RM
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning *** Cash: $ -0-
Letter of Credit: $-0-
*** See Grading Permit No. 2711 for required financial guarantees
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted for continual maintenance as of December 20, 1993 subject to the One Year
Guarantee by the Developer.
Adopted by the City Council on December 20, 1993