HomeMy WebLinkAboutCity Council Resolution 1994-482RBSOLZTI'ION NO. 94- 482
RIIDUCING DRVRILOPhOW BOND
SUGAR RUJA 3RD ADDITION 00"
WHEB MAS, In aocordem with the development contract dated June 79 1994. EBrgaae R. Fasbsagd,
Darlsoe IL Forbragd, Mahn N. Harstad, asud Janice S HNted, developer of Suer Hills 3rd Addi =
(91044)s has agreed to inwall certain impavemaw for said development; and
VAMBREAS, We developer has completed a portion of the street, uWky and site graft as octad below;
and
VAMBREAB, the developer has requested a reduction of the development bood to reflect the comphMd
work;
NOW, TMIRMRE, BE ET HEREBY RESOLVED BY THE CITY COUNCEL OF THE CITY OF
PLYMOUTH, IOTA; that the bonding requiremeats are reduced as follows:
Tiffs
ORIGINAL
AMOUNT
NEW
AMOUNT
Street Construction (I eluding City Projects
$1709687
$1709687
308 and 310)
Sanitary Sewer
36,169
569169
Watuumain (Including coats for difference
849733
84,733
between 8% and 12' wasermain)
Storm Smelt
33,617
33,617
Boulevard and Drainap Swale Sod
61800
69800
Mitigatiou Pond Construction
100000
29000
Sediment Pond Comtnuction
139000
31000
Street Signs (4 x 200)
800
800
She Grading and Drainage Improvements
1560000
31,200
Park and Trail Improvements
-0-
4
Setting Iron Monuments
21000
2,000
Design, Administration, Inspection, As-Builts
MM
42M
TOTAL
$6220305
$460,329
That the letter of credit required for the above items be reduced as detailed above from $622,303 to
$460,329 to reflect the completed work. Letter of Credit No. 10913 may be reduced accordingly.
RISOLU ION No. 94- 482
$WAR NUIS 3RD ADDnwiq va"
Pap Two
FUlt1i1>lit BE IT RWMV D tot the boa ft regWnmeab for do feHowias items ver 3=dm 8.1 of
the approved developsmed cc - -ct be rednoed as follows:
MaMe00asoe of IS "a and $edhneet
Coettrol Flare SUM sweeping Ed Storm
.Sewer cbmu nb
Cad:
Leper of Credit No. 10912:
Adopted by the City Council on Aupat 15, 1994
$19000 $19000
$14.300 $14.300