HomeMy WebLinkAboutCity Council Resolution 1994-074u
RBSOLUT11ON NO. 94.74
RZDUCING DBVZ APNQNT BOND
PARKIW LABZ NORTH 9TH ADDITION MW
WHEMAS, in accordance with the devabpmeet Contract dated July 12, 19939 I.widca-WilIh ms Parken
lAw, developer of Puku Labe North 9th Addition - Uplands Area (93067), has agreed to Baan Certain
lmpovemeds fbr said development; and
WEIRREAS, the developer has completed a portion of the street, utility and site grading u noted below;
and
WHEREAS, the developer bu requested a eduction of the development bond to reflect the completed
Work
NOW, 1MEFORB, BE IT H MUMY RESOLVED BY THE CITY COUNCII. OF THE QTY OF
PLYMOUTH, Ml NNWOTA; that the bonding requirements aro reduced as follows:
EL
ORIM NAL
AMOUNT
NEW
Stroet Conaructiun
S 849231
$16,846
Saoituy Sewer
23,671
4,734
Watertown
609310
12,062
Stam Sewer
41,914
8,384
Boulevard and Drainage Swab Sod
4
4
Drainage Pond Constnrction
4
4
Mitiption Pool Conanction
40-
4
Street Signs (2 x 200)
400
400
Site Graft and Dniange Impwvemenb
72,023
149405
Put and Tnil Improvements
160
160
Setting Iron Meauments
11500
11300
Design, Administration, bVecdoc, As -DAM
34, lOS
7,162
TOTAL
$3189317
$65,653
That the letter of credit required for the above items be rahwed as detailed above ftam $318,317 to
163,663 to reflect the completed work.
RZOOLUnON NO. 94- 74
PARMW Z AKE NORTH 9TH ADDrMN 03M
PIkp Two
FURTiIIMIt BE 1T RESOLVED 40 the boo ft iegAnemeob for the folimiul bb per Section $.1 of
the appiuved dereWpmeot 000ttac- be reduced u Poll mL
•. 1.1 •. 1.1
lftint nCe of Bmdos and Sediment
Conal Phm Street SMaVft end Swam
sewer cbminS
Cub: $1,000 s 1,000
Letter of Credit: $239000 $23o=
Adopted by the City Couadl on February 7, 1994.