HomeMy WebLinkAboutCity Council Resolution 1994-481RESOLUTION No. 94- 481
REDUCING DEVEWPN MqT BOND
MON HORSE ESTATES ADDITION 0100
WEMREAS, in accordance with the development contract dated March 13, 1992, Feed D. Smith.
StepMnk Smith, John L. 00", Cynthia M. 00*9 &MIO er of Iron Horse Estates Addition (9106%.
has agreed to huWl certain improvements for said development; and
WHBRBAS, the developer has completed a portion of the gnat, utility and site grading as noted below;
and
NOW, 'DORS, BE IT HEREBY RESOLVED BY M CITY COUNCIL OF TIM = OF
PLYMOU'T'H, MWNBSOTA; that the bonding requirements are rodueed as follows:
limos
ORIGINAL
AM4�T
NBR►
ANKIMIT
Street Construction
$32,429
$4
Sanitary Sewer
179585
4
Watermain
13,940
4
Storm Sewer
4,397
4
Boulevard and Drainage Swale Sod
2,400
4
Pond or Ditch Construction
4)-
4
Suva Signa (1 x 150)
150
4
Site Grading and Drainage Improvements
32,000
4
Park and Trail improvements
4
-0-
Design, Administration, Inspection, As-Builts
I,M
--Q--
TOTAL
3115,249
$ 4
That the letter of credit required for the above items be reduced as detailed above firom $3,000 to $0
(aero) to reflect the completed work. Bankers Acceptance Certificate No. 322892205.79 may be reduced
accorftly and will be released by the Finance Department.
RESOLZTMN No. 94- 481
MON HORSZ ZBTATNB ADDITION (91060)
NoTWO
FURTHER BE 1T RESOLVED dot the boodia6 required for the following items per Secdon 8.1 of
the approved development caaw be reduced as follows:
=
1Naiateronoe of Erosion and Sediment
Castrol Flan Street Swra ft and Storm
Sewer Cleaning
Cub:
Lester of credit:
• v Q II:
(11INI • 0,r
!$190/0 0y0 $19000
$8930 $ /
FURTHER BE rr RESOLVED that Maiateoanoe Bond No. 135637 for meet cosmrrcdon sad ooscrete
aub and gutter orWnally effective for one year from Awn 29 1993 is hereby released ad will be
returned by the Finance Department.
kdopted by the City Council an August 15, 1994