HomeMy WebLinkAboutCity Council Resolution 1994-70011
RESOLUTION NO. 94- 700
REDUCING DZVEWPNMM BOND
E01ATEOCR RUN 2ND ADDITION (94016)
WHEREAS, in accordance with the development contract dated Marcb 49 1994, 1 undgren Bra.
Construction, Inc., developer of Beadw Ran 2nd Addition (94016), hat agreed to in all ca taio
iorproremwn for aid development; and
WHEREAS, the developer bat completed a portion of the street, utility and die grading as noted below;
ad
WHEREAS, the developer has requested a reduction of the development bond to n&d the completed
Wodq
NOW, THERMM BB IT HEREBY RESOLVED BY TIB Cr1Y COUNCIL OF THE C1TY OF
PLYMOUTH, M)NMOTA; that the bonding requirements are reduced as follows:
Timet
ORIGINAL
NEW
AMOK
Street construction
$127,000
$25,400
Sanitary Sewer
36,000
-0-
Waiarmain
67,000
-0-
Storm Sewer
60,000
-0-
Boulevard and Drainage Swale Sod
89000
5,000
Mitigation Pond Construction
-0-
4
Sediment Pond Construction
46,000
41600
Street Signs (1 x 200)
200
4
Paridna Lot for Park
6,000
4
Site Orsding and Drainage Improvements
1050000
-)-
Park and Trail Improvements
13,300
4
Setting Iron Monuments
36000
4
Design, Administration, Inspection, As -Bunts
S&M4
4.M
TOTAL
$528,304
$39,200
TLat the letter of credit roTdred for the above items be reduced as detailed above from $76,160 to
$39,200 to reflect the completed work. Letter of Credit No. 28466-D may be reduced accordingly.
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RR80LU7WN NO. 94- 700
RMHER BUN 2ND ADDITION (94016)
Plop TWO
FURZEMR BE IT RESOLVED that the boa ft requirements for the Mowing items per Section 8.1 of
the sopsvved development contract be seduced as fobom:
bbb temm of Brodan and Sediment
Contrd Plan Street sweepim and Stum
Samar Ciesft
Cub: $19000 311000
Iof Credit No. 28466-B: $20,000 $x(1,000
Adopted by the City Council on November 7, 1994.
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