HomeMy WebLinkAboutCity Council Resolution 1994-791•
RB8OumON NO. 94- 791
REDUCM DEVEMNAE PT BOND
SUGAR lEM-lA ADDIMN 02M
wII>MWO in acoordaoce with the development connect dated October 21, 1992, Bugeoe R. FoibwO
and Darlene R. Forbagd, developer of Sngar EEO AdMM (82066), has agreed to boari oertda
impcovomeab for aid deveiopmeot; and
WHBR AS, the dsveloper has completed a portion of the street, utiBty and site pra ft IS nosed below;
and
Wasu S, the developer has requested a red xdm of the development bond to reflect the completed
aodr,
NOW, SORB, BE IT HEMY RESOLVED BY IM CITY COUNC L OF THE CITY OF
PLYMOUTH, MDUMOTA; that the boaft requirements aro reduced as Mows:
That the letter of credit required for the above Items be reduced as detalled above ftom $13,829 to $0
(sero) to reflect the completed work. Letter of Credit No. 10907 may be reduced aceordWly ud will be
released by the Finanoe Department.
e
ORIGNAL
NEW
AMOUNT
Street Congmc don (except City Pro. No. 301)
$ 51,233
$-0-
Restornbn - Vk Wxn Lual37th Ave.
99280
-0-
sawtM7 s m
28,393
4
wawmaln
21,S"
4
Storm sewer
249435
4
watermaidStorm Sewer Vicksburg La.137th Ave.
90007
4
Boulevard and Dainge Swale Sod
2,600
-)-
Pond or Ditch Comucdon
4
4
Street Signs (2 1130
300
4
Sita Oruft and Drainage Inyuovemeuts
25.720
4)-
aPark
Putand Tail Improvemeats
4
Setting Iron Monumeob
2,SOo
-0-
Dedge, AdmWdmdon, Inspection, As -Bulb
24.T32
TOTAL
$1930999
sa
That the letter of credit required for the above Items be reduced as detalled above ftom $13,829 to $0
(sero) to reflect the completed work. Letter of Credit No. 10907 may be reduced aceordWly ud will be
released by the Finanoe Department.
e
ri
M=LZTPION No. 94- 791
WjGAA 1ni8 ADDIMN 02M
Pap Two
PURTHt B81T RESOLVED that the boodio3 iegntremeob fa the folbwft item& pec Seetioa a.l of
the appoved development conUM be rednoed u follow&:
ire
Nakwoaaoe of in - 1 1 and Sediment
conal Pba Street SweepW wA Stores
Sewar Cleanirt:
CWM
Letmr of credit:
r to
r, i.r
$19000 $10000
$3,100 $3.100
FUR'fHM BE IT RESOLVED that the meet ooamaction sod mwrde cwb and putter b accepted for
cooWmd maiateamm u of December So 1994 wbjea to the Two Year Ona wft by the Developer per
Bond No. B 25MBI.
Adopted by the City Cmmdl on De mbar S, 1994