HomeMy WebLinkAboutCity Council Resolution 1994-760•
RESOLUTION NO. 94- 760
REDUCIINIG DE'VEiAPNMM BOND
SUGAR IMIS 2ND ADDrIWN OMQ
WHBitBAS, in accordance with the development contract dated September 7, 1993, Begone R. Forbtagd
and Darlene R. Porbngd, developer of Sugar Hills 2nd Addition (93014), has agreed to Wall certain
insprovements for odd development; and
wiiZRtBAS, the developer hu completed a portion of the street, utility and site grading as noted below;
Ed
NOW, THEREFORE, BB rf HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, bQNNESOTA; that the bonding requirements are reduced u follows:
jam$
ORIGINAL
AM
NEW
AM4L�
Street Construction (Excluding City Proj.
$306,000
$-0-
No's 308 do 310)
Sanitary Sewer
1259000
-0-
watermain
116,000
-0-
Storm Sewer
138,000
4
Boulewrd and Drainage Swale Sod
11,000
2,600
Mitiptlon Pond Construction
4
4
Sediment Pond Construction
33,300
3,330
Street situ (5 x 200)
1,000
4
Site Grading and Drainage Improvements
1410500
4
Park and Trail Improvements
4
4
Setting Iron Monuments
3,000
d) -
Design, Adm nlaradon, Inspection, As-Builts
714
TOTAL
$9800000
$6,664
Th• t the latter of credit required for the above items be reduced as detailed above from $80,472 to
$6,664 to reflect the completed work. Letter of Credit No. 10911 may be reduced accordingly.
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RESOLUTION NO. 94- 760
3UGA>R IFM J 2ND ADDITION (93064)
PbP Two
FURTHM BE IT RESOLVED that the bow4;nS requircrowb for the followioj items per Section 8.1 of
the gVwved developoteot cootrad be reduoee u follows:
Naiatemaoe of Brosion and Sediment
Control Plan Street Swevin and Storm
Sewer Clan ft
Crib:
Letter of Credit:
• t11 1='T
• Lr .1 T (fill 10 1
$19000 $1,000
$20,750 $10,375
FURT2133R BE IT RESOLVED that the street cousbuctkm and concrete curb and rAer is accepted for
continual mainieaanoe u of November 21, 1994 subject to the Two Year Oua antae by the Developer per
MaitKuaarioe Bond No. 54-66962.
Adopted by the City Council on November 21, 1994.
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