HomeMy WebLinkAboutCity Council Resolution 1994-378RESOLUTION NO. 94- 378
REDUCING DZVFLOPNMM BOND
PARILM WOODS ADDITION (K0337)
WI BREA4, in socodanoe with the development contract dated June 8, IM, Sberwood T. Ped,
developer of Panner: woods Addition (91037)9 has agreed to install certain improvements fbr add
devdopmeet; and
WMEAS, the developer has completed a portion of the street, utility and site 1grading as noted below;
MW
WHEREAS, the developer has requested a reduction of the development bond to reeflerx the completed
work:
NOW, Til®tBFORB, BE IT HEREBY RESOLVED BY THE CITY ._ ;j1JNCII. OF THE C1TY OF
PLYMOUTH. MNNBSOTA; that the bonding requirements are reeduce.i as follows:
�d
OPIt3INAL
NEW
SUNT
Street Construction
$479670
5 -0 -
Sanitary Sewer
119490
-0-
watermain
289760
4
Storm Sewer
51300
4
Boulevard and Drainage Swkk Sod
3,200
800
Pond or Ditch Construction
-0-
4
Street Signa (1 x 150)
ISO
4
Site Grading and Drainage Improvements
90000
4
(Includee, Required Retaining Wall)
Park and 'hail Improvanents
-0-
4
Design, Administration, Inspection, As-Builts
J2.66$
M
TOTAL
$118,238
$8%
That the lem of credit required for the above items be reduced as detailed above from $14,436 to $896 to
reflect the completed work. Certificate of Deposit No. 03-10140914 may be reduced accordi illy.
RZS0LUTI0N NO. 94.378
PARKzRs WOODS ADDITION (91037)
Pup Two
FURTHER BE IT RESOLVED that the bonding requirements for the following items per Section 8.1 of
the approved development cootmet be reduced u follows:
Rvn
1Nainumm of Brosion and Sediment
Control Phm Street Sweeping and Storm
Sewer Cleaning
Cub:
Letter of Credit:
• ' CIO 1:
$10000 $19000
$1,300 $19300
PURTH33R BE IT RESOLVED that the street comet action and oomcrete curb and Sutter is accepted for
continual m lk t nanco as of July 11, 1994 subject to the One Year Guarantee by the Developer.
Adopted by the City Council on July 11, 1994.