HomeMy WebLinkAboutCity Council Resolution 1994-701E
It8'SOIAMON NO. 94- 701
RJWCING DSVSIAPNIIIM BOND
EIZATMM RUN 3RD ADDITION (94068)
WHBREA.S, in accordance with the developuet contract dated July 120 1994, Lmdgran Bion.
C I .. p'in n, Inc., davdaper of Heather Run 3rd Addition (94068), las agreed to iarWl certain
improvemeah for aid davebpment; and
VAMUMAS, the developer has conVided a portion of the meet, utility and site grading as noted bdow;
and
WAS, the developer bas requested a reduction of the development bond to reflect the completed
NOW, SORB, BB IT K=WY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA. that the boa ft requirements an reduced as follows:
lim
ORIGINAL
AMOUNT
NEW
AMOUNT
street Construction
$55►800
$119160
Sanitary Sewer,
28,000
-0-
watermain
309000
-0-
Storm Suver
14,000
-0-
Boulevard and Drainage Swab Sod
31000
3,000
Sediment Pond Coostruetion
59000
11000
Street Signs (2 x 20Q)
400
-0-
Site Grading and Drainage Improvements
45,000
-0-
Park and Trail Improvereeatr
-0-
-)-
Setft Iron Monuments
2,000
11000
Deign, AdmWstr adon, Impection, As-Builts
21.984
1.939
TOTAL
$205,184
$18,099
That the letter of credit required for the above items be reduced as detailed above Thom $73,472 to
$18,099 to reflect the completed work.
RUOILUTION NO. 94. 701
MMTKU RUN 3RD ADDITION (A1088)
Pop Two
FURTHER BE 1T RESOLVED that the boa ft iequiremeob far the following hems per Section 8.1 of
the appeoved devdopmeot oonum be ieduoed a, foilowa:
w
Maiolenanoe of Bmebn w d Sediment
Castrol Plan Street Sweepias and Storm
Sewer ClssoWg (See Grading Pumk 8 60484 For
s'�lOaocW Owwnteee)
Cub:
Letter of Credit:
L c�i is
FURIMM BB 1T RESOLVED that the wftry aeaas, water mdu, and storm sewer coma wdm is
accepted for continual mainteoaooe u of November 7, 1994 wbjact to the Two Year Ouanntee by the
Developer per Maintenance Bond No. 54072122.
Adopted by the City Coumdl on November 7, 1994.