HomeMy WebLinkAboutCity Council Resolution 1994-708•
RESOLUTION NO. %- 708
RKDUC NG DBVBLOPA9W BOND
FORSTER PRZSZRVB PLAT 2 VW7)
W1WRBA.4, in accordance whh the deMebpmeot 000trtct dated September 22, 1994, JUNCO. Inc..
developer of Forster Preserve Plat 2 (94057), has speed to hrstill certain impovementa fir acid
development; and
Wi01RBAS, the developer has completed a portion of the stleet. UdHty and site PAN as soled blow;
and
VIHER] AS, the developer has zequested a reduction of the development bond to reflect the coo pidW
wort;
NOW, THBRBPORB, BE IT HBR]3BY RESOLVED BY THE CITY COUNCQ. OF THE CITY OF
PLYMOUTH, M04NBSOTA; that the bonding requirements aro reduced as foilows:
EL
ORIGINAL
�I4�[T
NEW
AM�i�It
Street Construction
$1729230
$157,230
Sanitary Sewer
113200
60,100
Watermain
93,725
74.500
Storm Seger
58,145
53.345
Boulevard and Drainap Swale Sod
90800
90800
Midpdw Pond Construction
4-
-0-
Sediment Pond COnatruttlon
5,460
19100
Street Sip= (7 x 200)
1,400
1,400
Site Oradinp and Drainage Improvements
134,800
501000
Part and Tfail Impwnmems
-0-
-0-
Sattlog Iron Monuments
3,800
3,800
Dealp, AdmWwadon, Inspection, As -Bunts
?L1QZ
am
TOTAL
$663,667
$460,628
That the latter of credit required for the above items be reduced as detailed above ffom $663667 to
$460,628 to reflect the completed wort. Performance Bond No. 400 IM 2319 has bean provided in the
amount of $690,942 (460,628 x 150%) as the required RnancW guarantee for this prgject.
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A
Bi80U=N NO. 94- Boa
FO1RSM PRZURVZ PLAT 2 044
ftrTwe
FUJKIIM BE 1T RESOLVED that the booft iequinmea- icor the irollm t b me per Section S.1 d
the app and dwdopmeat oo@UM be:eduoed U lfoBowe:
at Broldolm sledJ
Coated Plea Street Sweeplat end Seam
Sewer Cleo (SSeee Qm t Punic No. GM
6r tm rawked ftau i•1
Cub:
Law at creft
Adopted by the Citi► Council on November 7, 1994.
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