HomeMy WebLinkAboutCity Council Resolution 1994-7977
RBSOLU MN NO, 94- 797
RZDUCING DBVBIAPNffif BOND
B31 ZRLY WOODS ADDITION W010
WIM BAS, in aoomdanoe with the development contact dated July 23, 1993, Nen► Century Homes, hr.
derdoper of KW*ely Woods Addition (93018), has spud to hmU certain Wprovemenb for said
development; and
WiIEREAS, the developer has completed a portion of the street, udlky and site pading as noted below;
and
VAM99 S, the developer bas requested a reduction of the development bond to reflect the completed
NOW, THERBPORB, BB IT HMMY RBSOLVBD BY THE Cr1Y COUNCIL OF THE CITY OF
PLYMOUTH, MDRMSSOTA; that the boo ft requirements aro reduced as bilows:
That the letter of credit required for the above items be reduced as detailed above ftom $18,637 to
$14,031 to reflect the completed wort. Letter of Credit No. 1135-1293C may be reduced accordio8(y.
•
ORIGINAL
AM
NEW
AMOUNT
Street Construction (Bxeluft Co. Rd. 9 concrete
$24,657
$100000
nub and gutter)
Co. Rd. 9 - Bypass Lane
49640
928
Sanitary Sewer
13,863
-0-
Watermain
14,439
4
Storm Sewer
7,919
-0-
Boulevard and Drsimp Swale Sod
11600
600
Sediment/StoeeSe Pond Comtrucdon
19360
4
Street Sime (1 x 20%
200
-0-
Site Gmdinj and Dminsp Impffmn ub
40958
10000
Part and Trail Improvemnenb
-0-
4
Safi Iron Momumeo(s
-0-
-0-
Design, AdmWsfatioa, Inspection, As-Builts
8.837
1.i4i
TOTAL
$82,473
$14,031
That the letter of credit required for the above items be reduced as detailed above ftom $18,637 to
$14,031 to reflect the completed wort. Letter of Credit No. 1135-1293C may be reduced accordio8(y.
•
0
Resolution No. 94--797
KPABMY WOODS ADDITION (93018)
PaPTWG
FURTEMR BE IT RESOLVED tot the boa ft requirement: tar the following items per Seotbn 8.1 of
to eppmed devebpmeot cootnct be reduced u follows:
F!=
minteneme of Irmo- MA Sediment
Commd Plss Street sweeping and Storm
Sarver Clesdos (See Grading Permit No. 540606
for required t oeo hl Swraoeees)
ash:
T etter of Credit: No. 1135-6938
Adopted by the City Council on December 51 1994.
$19000 $10000
$19000 $10000