HomeMy WebLinkAboutCity Council Resolution 1994-699•
RB IAMON NO.94_ 699
RMUCING DBVBdAPNMM BOND
EMTBM RUN ADDITION (92035)
WHE BAS, in acco dsm with the development contract dated Manch 22, 1993, Luadg en Boot.
Con on, Inc., developer of ne then Run Addition (92043), has speed to !call oertdn
improvement{ for Sam development; and
WHEREAS, the developer has completed a portion of the Weet, utility and rite trading as noted bobw;
and
WHEREAS, the developer has requested a reduction of the development bad to reflect the completed
wod►
NOW, 72MEWOPA BE IT HIMMY RESOLVED BY THE CITY COUNaL OF THE CITY OF
PLYMOUTH, MENNBSOTA; that the bonding requirements are reduced as follows:
I1�L
ORIGINAL
dM4Ia1T
NEW
AMOUNT
street Construction
$182,000
$-0-
County Road 24 Lane Improvements
29,300
30860
Sanitary Suver
1449700
-0-
Watarmain
72,100
-0-
storm sewer
679800
-0-
Boulevard and Drainage Swale Sod
7,200
2,000
Mldgatioo Pond Construction
231000
-0-
Street Signe (4 x 200)
800
-0-
Site Grading and Drainage Improvements
1721300
-0-
Park and Tan Lnpromnents
130200
-0-
Sadist Iron Monuments
30000
�
Design, AdminlMdon, Inspection, Aa-Builts
0-992
W
TO'T'AL
$8309392
$8,803
That the letter of credit required for the above Items be reduced as detailed above from $84,448 to $8,803
to reflect the completed wodc. Letter of Credit No. 28133-C may be reduced accordingly.
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RMLUTION No. 94.699
IMATIM RUN ADDITION 02015)
Pop TWO
FUR IIIER BE, 1T RESOLVED that the boo ft requirement for the fol wA% Items per Section 8.1 of
the eppoved derdopa" oomttact be reduced as Man:
Mabnlemamce of Bwdw and sediment
Comtd Pfau street srreepfe8 and storm
sewer cleamio8
Cub:
Letter of Credit:
$11000 s 1,000
$27,650 $13,825
FURTiIDR BB IT RESOLVED that the drW consauedon and - - -11te cub wd surer Is accepted for
condwal maWwance as of November 7, 1994 subject to the T c Year Onaeantee by the Developer per
Maintanmoe Bood No. 54065681.
Adopted by do City Council on November 7, 1994.
C