HomeMy WebLinkAboutCity Council Resolution 1994-125RZBOLUMN NO. %-12 S
RZDUCING DZVZIAPNUW BOND
SUNSZT VALLZY B011M AMMON (ZNB2)
WUMAS9 in acoordanoe with the developma t contract dyed April 10t 1987. Suet Valley Homek
Inc. . developer of Snaet Valley Homo Addition (87022), has agreed to install certain impavemew for
aid devebpmeot; and
WnMMA29 the deveiopec has completed a portion of the Weero utility and dee grading as acted below;
ad
wEOMZAS9 the developer has requested a reduction of the development bond to reflect the completed
work
street coos<nxxion
Sanitary surer
watermain
Boulevard and Drainage Swab Sod
Prod or Ditch CaWtnrctbo
Street Sips
Site Grading and Drainage Impovemmts
Paris arr` Tall Impuvements
Design, Administration, Inspection. As -Buff
'DOTAL
• til
• • . „ • I.1
$339300
$•-0-
239600
*4
.239000
•-a
69110
•.0.
3.800
800
4
-0-
130
-0-
(See Grading Permit Nn. 3133)
-0•
-0-
11.274
A
$105.224 $896
The the letter of credit required for the above items be reduced as detailed above from $11,648 to $896 to
reflect the completed work. Letter of Credit No. MP0708871 may be reduced accordingly.
RESOLUTION NO. 94' 12S
3 INSET VALLEY NON= ADDrr= (:1�)
hpTwe
FUNIU t U Lr ROUVED that the boadlog req dmmeab for the fbHmdap hems per Section LI of
the Waved -1 Amp mat coatna be reduced as fouoaa:
c,
IV l@l i I.1
Malateaanoe of Hraeioo and Sad moot
Coated Pbs Steed bmwil s ad Storm
Surer Cbambq (Par Liw 6 pbrmit No. 513S)
Case: $16000 $19000
Lotter of Credit No. IMU*780661-5199: $19.000 $3,000
FI)RnIE t BE Lr RESOLVED that the $$chary www, wdw=in. storm sellar. Mod street ooasttKdM
bwJo op concmte nab Med ldit, ams accepted for codimW maimemence as of December 7. 1992
subject to the One Year OWMMatea by the Developer.
• FIWrHE t BE Lr RESOLVED that pwmW to the developer's eagwC a 10% retaiow acs beta
is the required &wdWmeat bond for dre wrihq serer, MMmrmaia, clam sawar, Mreet
coashactions and concrete cwb wad Sutter is lieu of the required maimeoaooe bond. 1be requited
maimeoaoce guarantee bas now expired and the 10% retainer beiap hold for those items is beraby
reduced to $0 (Hero).
Adopted by the City Coundl on March 7, 1994.