HomeMy WebLinkAboutCity Council Resolution 1994-794•
RESOLUTION N0.94. 794
REDUCING DEVELOPNOW BOND
PORSM PRZMVR ADDIMN 020904
WiIDRBAS, in ecoordanoe with the development contract dated March 221 1993, JANCO, Inc., developer
of Pbrster Preserve AddWm (92090), has agreed to lortall certain kVrovemeon for mid developmeo4
Ed
�ta�iifYl6 the developer hat completed a porton of the street, ud and die paft as noted below;
and
WI�itBAS9 the developer has requened a reduction of the development bond to reflect the completed
NOW, TMMMORB, BB IT HMUMY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTII, )MNESOTA; that the bonding requirement: aro reduced as follows:
TLat the biter of ,credit raq dm4 for the above items be reduced as detailed above ftom $800176 to
$20,974 to reflect the completed work. Letter of Credit No. 042793 may be reduced boor tly.
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ORIGINAL
AMOUNT
NEW
AMORT
Street Const uedw
$30,314
S -0 -
San" Sewer
43,515
-0-
WaMmain
33,910
-0-
Stoem Sewer
26,323
-0-
Boulevard and Drainage Swale Sod
41400
40000
Drainage Pond Conwwdm
662
133
Mitigation Pond Coowucxoo
21650
330
Streit Signs (2 x 200)
40D
-0-
Site Grading and DmhW hVmvemonts
129,080
120909
Pads and Tran Improvements
-0-
-0-
Soft Lon Monumew
2,310
11155
Design, AdmWw ation, Inspection, Aa-Buihs
3=
LM
TOTAL
$329,024
520,974
TLat the biter of ,credit raq dm4 for the above items be reduced as detailed above ftom $800176 to
$20,974 to reflect the completed work. Letter of Credit No. 042793 may be reduced boor tly.
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RESOLUTION No. 94.794
FORSTER PRESERVE ADDITION (92M
Pap Two
FURTHER BE IT RESOLVED that the boa ft requirements for the following mems per Section 8.1 of
the appaved development contract be reduced as follows:
Ff0-7,
Maiotm am Of Brodon and Sedirnant
Control Plan SUM Sweeping and Storm
Sewer Cbaning
Cash.
Letter of Credit:
• ; C11
• I1�1 • 1.1
$19000 $10000
$9,783 $4,900
FURTHER BE IT RESOLVED that the sanitary sewer, wab main and toorm sewer conmuction 4
accepted for ooaoinual maintenance as of December 3, 1994 m JM to the Two Yar Qu raaoee by do
Developer and the meet coosovaion and concrete curb and =utter are accepted for continual mahbeoanoe
as of December S, 1994 subjed to the One Year Guarantee by the developer per Maintenance Bond M.
47 0120 10328 94 S.
Adopted by the City Council on December S, 1994
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