HomeMy WebLinkAboutCity Council Resolution 1994-800•
RESOLUTION NO. 94- 800
REDUaNG DEVFI OMUNT BOND
PASS LABB NORTH lOrM ADDITION (9306'n
WMUtBAS, in &mrdanoe whh the development contract dated Joly 12, 1993, Laumm Willhmt Parken
Moe, developer of hdwn Leine North 10th Addidm - Ashburne Area (93067), has agreed to Wath
cauda improvemeon for aid development; and
Wim M, the developer hu completed a portio- of the strut, W ty and site gmding as rated below;
and
WHEREAS, the developer baa requested a reduction of the development bond to reflect the completed
wario;
NOW9 TORE, BE rr HEREBY mMOLYBD BY THE MY COUNCIL OF THL QTY OF
PLYMOUTH, ULNMOTA; that the bonft requirements are reduced as follows:
ITT�LL
ORIGNAL
AM
NEW
AMOUNT
Street Coostrution
S 440986
Swdtm7 Suver
22,440
-0-
Watermain
83,703
-)-
Storm Sewer
12,638
4
Boulevard and Dninap Swale Sod
4
4
Drainage Pond Coostnmtion
-0-
4
Mltlgadon Pond Contraction
4
-a
Street Sigm (1 x 200)
200
4
Site Omdl% and Drainage Lnpmvwmw
539075
4
Park and Trail Improve nmb
4
-0-
Setting Lon Monument
11500
4
Design, AdmWgradon, Lnpection, As-Bugb
LU
TOTAL
$244,767
$2,000
That the letter of credit required Por the above items be reduced u detailed above from 544,397 to 52,000
to inflect the completed wort.
REDUCING DEVELOPM>RVT BOND
PARKM LAKE NOKM I= ADDITION (93067)
Page TWO Resolution No. 94-800
FURTHER B8 ff RESOLVED that the boodiog nquh meat for the following items per Section 8.1 of
the approved development webers be reduced as follows:
(4
Mialmace of 1lwdon and Sediment
Coobd Phu Street Sweeping aid Storm
Sewer Cleaning (See Gndlog Permit No. 546M
for required liaaocid guauntee)
Cash:
Letter of Credit:
v Q I
$19000 511000
$23,000 $ 5,750
FURTE09t BE ff RESOLVED that tho sanitary sewer, watermain, and storm sewer consmcdon h
accepted for eon dawl maWeoanoe u of December S, 1994 subject to the two year guanntee by the
Developer per Maintennoce Bond No. 47 012011253941 and the street coostmetion aad concrete curb and
guaw h accepted fbr oxdm al maintenance as of December S, 1994 subject to the one year guanme by
the developer per Mdnteaanoe Bond No. 47 012011252945.
Adopted by the Chy Counrcll oo Deonaber S, 1994.