HomeMy WebLinkAboutCity Council Resolution 1994-538•
)R1.S�SSOVLIMONNO. 94 S38
IY\V
h/DR U.OBOND
R RUN 3RD ADDITION (94058)
WMUMAS, in accordance with the development contract dated July 129 1994, Lundgren Bros.
Construction, Inc., developer of Heather Run 3rd Addition 04MB), lies agreed to Wall oertaio
impovemats for nU development; and
Wllm[tBAS, the devek+per hu completed a potion of the sheet, utility and site grading as noted below;
and
WiiSi W, the developer has requested a reduction of the develol%ro t bond to reflex do completed
worts;
NOW, nMIMMo HE IT HB MY MRSOLVBD BY THE CITY COUNCIL OF THB CITY OF
PLYMOUTH, MZNNBSOTA; that the bonding requirements are reduced as follows:
jam$
ORIGINAL
AMOUNT
NEW
AMOUNT
Street C4rtatruction
$550800
$35,800
Sarthry Sewer
28,000
5,600
Waoerntain
30,000
6,000
Storm Sewer
140000
2,800
Boulevard and Drainage Swab Sod
31000
3,000
Sediment Pond Comgmalon
51000
11000
Street Signs (2 x 200)
400
400
Site Grading and Drabage Improvements
450000
90000
Park and TMR Imr%VM amts
-0-
4
Setting Iron Monumteets
21000
2,000
Design, Administration, Inspection, As-Buih
21,9M
7_d72
TOTAL
TOTAL
5305,184
$73,472
'Nkat the letter of credit required for the "ve items be reduced as detalled above from $205,184 to
$73,472 to reflect the completed work.
•
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RBBOLUTION NO. 94-538
RE►TH= RUN 3RD ADDITION 04M
Pap Two
FURTHER BE IT RESOLVED that the bonding teWir mants for the following bens per Section 8.1 of
the app ved development conum be reduced u follows:
�� • c1l
1Nab tett m of Brodoe and Sediment
Codrol Plan Street Sweeping ad Storm
Sewer Cleaning (See Onding Penaft P 60484 For
FinencW Ouanneeu)
Cub:
Latter of credit:s-0-
Adopted by the City Council on September 12, 1994.