HomeMy WebLinkAboutCity Council Resolution 1994-073•
RESOLUTION NO. 94-73
REDUCING DSVZLOPMW T BOND
PLYMOUTH POD= ADDLTION 02MO
WHERRAS, in a000rdanoe with the development contrw dated September 299 19929 (food Value Homes,
Ina., davakW of Plymouth Plop to Addition (92034), has aimed to :10M outdo imVwnromeota for laid
development; and
WHBFBAS, the developer has completed a portion of the deet, utility and site pnding as noted below;
and
WILEREAS, the dmloper has requested a reduction of the development bond to reflect the completed
wait
NOW, TIMORE, BE IT Lig MY RESOLVED BY TIM CITY COUNCIL. OF THE CITY OF
PLYMOUTH, MLNNBSOTA; that the bonding requirements ars reduoed as follow s:
11�
ORIUNAL
AM
NEW
AMQL2lT
Street Constructicn
$106,800
S -0-
Saidtary Sewer
759000
-0-
Watermain
29,300
-0-
Storm Seaver
7215W
-0-
Boulevard and Dninaga Swale Sod
992W
39000
Midption pond Coaftwflon
4-
-0-
Street Signs (4 x 150)
600
-0-
Site Graft and Dminage Improvements
128,000
-0-
aPark
Parkand Thil Improvwmts
-0-
-0-
Setting Iron Motwmetw
2,000
10000
Design, Administration, Inspection, As -Bulb
50,569
-M
TOTAL
$473,968
$4,360
TLat the letter of credit requM for the above items be reduced as detailed above from $54,304 to $4,360
to reflect the completed work. Letter of Credit No. 10065 may be reduced accordingly.
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RESOLUTION NO. 94- 73
PLYMOUTS POIlV'1'!Z ADDITION 02M
PkjP Two
FURTEOUt BE IT RESOLVED that the bonding requieameab for tie following to= per Section S.1 of
the approved development contnat be rednoed as follows:
i�
Mainoeoance of Brabn and Sediment
Control Plen Stroet Sweeping and Storm
Sewer Cleaning (Per Grading Permit No. 4900
Cub:
Letter of Credit:
t11 1:
. i.r . • NO
$19000 $13000
$190750 S9,875
FURTiO i B.E. rr RESOLVED that !be street 000stnwdon and cooceoe cub and gutter is aooepoed for
continual maintenance as of February 7, 1994 subject to the Two Ytw Ow antee by tbb Developer per
Mainteomwe Bond No. 138175
Adopted by the City Cuumil on February 7, 1994.
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