HomeMy WebLinkAboutCity Council Resolution 1994-081BE90LUMN NO. 94-81
1R®UCM DEVEIAPIy UM BOND
HAVMO>RNE PLACE AMMON OMM
WHEREASt in accordance with the deMgmssm onaad dated May 30, 1990. Bider Conwucdon. IOC -9
developer of Hawthorne Place Addition (90006). has WmW to inwll mtdu iaVwv018enh for raid
devok pmeot; and
WnEREASs the developer has completed a portion of the wests utility and ails graft as noted bobw;
and
•,:�
MW the latter of credit required for the above items be reduced as detailed above ttom $6,M1 to S -0 -
(um) to reflect the completed work. Letter of Credit No. 1545 may be reduced accordingly and is hereby
released.
OP�IG�INAL
M
O
��``^^
AW M
Street Consuuction (Includes M Ave. N.)
$ 24,000
•$40-
Swdtmy Sewer
149000
• -0-
Watermain
.129000
• -C-
Storm Sellar
10,000
-o-
Boulevard and Drainage Swale Sod
20600
-0-
mdpdon Pond Construction
-0-
4) -
Street situs
ISO
-0-
asite
SiteGrading and Drainage Improvements
4400110
-0-
Park and 'hail hoprovemem
-0-
-a
Dedpw Admi omdon, Inapxdon, As -Bunts
am
--D--
-D--IOTA
,
TOTAL
$119,560
S -0 -
MW the latter of credit required for the above items be reduced as detailed above ttom $6,M1 to S -0 -
(um) to reflect the completed work. Letter of Credit No. 1545 may be reduced accordingly and is hereby
released.
RBSOI.UMN NO. 94- ei
Pap Two
FURTM BB 1'I' ROMV R) that the boa ft regdrdmaots for the followioS items per Section 8.1 of
the approved development r n n a .- be reduced u follows:
Main10om0e of A m * n a sod Sediment
C.a*d Fha Street Swogft sad Stam
Saner Chaoios
Cash:
Letter of Crean:
r, ri Z Iis
r ►.r r, ►,
$1.000
$6,000 $-0-
• FURTHER BE 1T RBSOLVIID that the sanitary n,w l wdwu ab4 storm sewar, sad street cooWustioa
iochrdio8 omor rPip cob said Sutter wu aooepled for coaftW maintenance u of Deosedw 7. 1992 mAdect
to the One Year Ouaraotee by the Developer and that puramat to the developer's request. a 10% retainer
was bold in the required development bond for the unitary sewer, waftmain, storm sower, and
construction; and coner+ete crab and low in lieu of the required mainteotooe bond. 'Ito 10% retainer is
hereby w%uad.
Adopted by the City Council on February 7. 1994.