HomeMy WebLinkAboutCity Council Resolution 1994-711•
RZWIA TION NO.94.711
R®UCING DZVSLOPR UM BOND
SUGAR IM -IA 3RD ADDITION 00"
WBB AAS, in socordance with the development contract dated Jane 7, 19949 Bupne It. FaebugA
Darlene R Fbrbagd, Matin N. Hamad, and Janice B. Buslad, developer of Supr Ri11s 3rd Addition
(94044), bu speed to install certain improvemeou for aid deve4meot; and
WUtBAS, the &vdoW has completed a portion of the street, utility and site pading as holed below;
and
Wi18RBAS, the developer has requested a redtrcdon of the development bond to reflect the completed
Wodc;
NOW, 7HBREFORE, BE rT HEREBY RESOLVED BY THE CITY COUNCIL OF TIM CITY OF
PLYMOUTH, M NMOTA; that the bonding requirements aro reduced as follows:
That the letter of credit required for the above items be reduced u detailed above from $262,869 to
$48,983 to reflect the completed work. Letter of Credit No. 10913 may be reduced accordingly.
ORIaNAL
AMOUNT
NEW
AM
Street Construction (Excluding City Projects
$170,687
$349137
30B and 310)
Sanitary Sewer
560169
-0-
Watennain (Including costs for difference
64,735
-0-
between B' and 12' watermain)
Storm Sewer
53,617
-0-
Boulevard and Dminap Swale Sod
69800
6,100
Ndpdon Pond Construction
10,000
-0-
Sediment Pond Construction
130000
4
Stmet Signs (4 x 200)
100
BOB
Site Grading and Drainage Improvements
156,000
4
Fark and Trail Improvements
-0-
4
Setting Iron Monuments
26000
20000
Duip, Administration, Inspection, As-BuUu
AM
_3,W
TOTAL
$622,505
549,985
That the letter of credit required for the above items be reduced u detailed above from $262,869 to
$48,983 to reflect the completed work. Letter of Credit No. 10913 may be reduced accordingly.
•
RnOLUTION NO. 94. 711
=AR BMiS 3RD ADDITION 00"
P60TWO
FURMM BE IT RIMMVED dot the boaft requinmeots far the fbDowiog ilea$$ per Section 8.1 of
the sppsoved daveiopomw cootw be iedwed u follows:
•O�
btaintenuoe of Brodon and Sediment
Control Plea Street bm9ft and Storm
Seaver CluoioS
Cash:
Letter of Cmdit No. 10912:
• toIlk�-
$1,000 :11000
$14,300 $14,300
FURTIOR BE TT RBSOLVBD that the sanitary sewer, watumain, and Koem sewer constmction is
accepted for continual maintenance u of November 7, 1994 subject to the Two Year Gwcsntee by the
Developer per Mainteoanoe Bond No. 34-71230.
adopted by the City Council on November 7, 1994