HomeMy WebLinkAboutCity Council Resolution 1994-536ABSOLUTION NO. 94- 536
REDUCING DSV61AP111ZNT BOND
CAVAN MEADOWS ADDITION (93062)
WHEREAS, in a=onb oe with the development contract dated F non 2, 19949 Abingdon
Development Corporation, developer of Cavo Meadows Addition (93062), baa agreed to install ceeuie
impOvemeats for am development; and
IHiMitEAB, the developer las completed a portion of the streets utility and she trading as noted below;
and
f7777A.1's 1117-1r;
NOW, 'i218RBFORB, BE IT =MY RWOLVBD BY TIM CITY COUNCIL OF TIM CITY OF
PLYMOM, ?ADRMOTA; that the bonding requirements are red noed as follows:
®5
ORIGINAL
Ab14[�
NEW
AMQt�
Street Constructi,m
$249055
$20,000
(Except City Prof. No. 308)
Sanitary Sewer
209060
49012
Watermain
22, l l0
41422
Storm Sewer
139380
2,716
Boulevard and Drainage Swala Sod
10400
11400
Mitigation Pond Constnucdon
10400
280
Sediment Pond Construction
-0-
-0-
Street Sitar (1 X 200)
200
200
Site (trading and Drainage Improvements
389425
79685
Part and Trail Improvements
-0-
4)-
Satdot Iron MonumeotS
600
400
Design, AdmWstratm, Inspection, As -Build
AM
4"
TOTAL
$136,450
$460049
Mist the letter of credit required for the above items be reduced as detailed above from $136,450 to
$46,049 to reflect the completed work. Letter of Credit No. 28417-C may be reduced accordingly.
RYSOUnWN NO. !d• 536
CAVAN N ADOWS ADD1TiO11 MM)
PbP Two
F[lR'IHER, B81T RESOLVED that the booding ngnitemmb for the fd lowing items per Section S.I of
the upprwed development oontnct be reduced U follows
r1�
blaintea m of Swaim and Sediment
Cowd Plan Street Swegft and Storm
Searer Cloft
cash:
Letter of credit:
Adopted by the city Couocil on September 12, 1994.
• '! ffl �I:.,
$19000 $10000
$4,922 $4,922