HomeMy WebLinkAboutCity Council Resolution 1994-802RESOLUTION NO. 94.803
REDUC24G DBVEWPNOW BOND
RAGLBWOOD ADDITION (92110)
W RREAS, in a000rdance with the development coa act dated April 12, 19939 Argus Development,
Inc., developer of Bagkwood Addition (92110)9 has agreed to iosWl certain improvements for said
deveiopmeat; noel
WIEtBAS, the developer has completed a portion of the street, utility and site grading a:. noted below;
and
NOW, 'SORB, BE IT HEMY RESOLVED BY THE CITY COUNCIL OF THE CPPY OF
PLYMOUM,1]1NHSOTA; that the bonding requirenwob are reduced as follows:
Ed
ORIONAL
AMQ�
NEW
AiJ[4VrIT
Street Construction
$1091519
$150401
Sanitary Sewer
58,962
110792
Watermain
410270
80254
Storm Sewer
619826
12,365
Boulevard and Drainage Swale Sod
79400
3,000
Mitigation Pond Coo"waction
40180
836
Street Signa (3 x 200)
600
-0-
She Grading and Drainage Improvemeots
1110928
-0-
Park and Tail Improvemerks
40449
890
Sorting Iron -Monuments
30000
10000
Design, Adn"Mation, Impaction, As-Builts
48.376
AW
TOTAL
$4510510
L99,963
That the letter of cmilt required for the above items be reduced as detailed above from $69,038 to
$59,%3 to reflect the completed work. Letter of Credit No. 28022-A may be reduced accordingly.
VjWLUTION N0.94. 802
RAGLEWOOD ADDrMN CM110)
PAPTWO
FURTHER BE IT RESOLVED that the bonding requir+anenb for the following items per Secdoo 8.1 of
the approved development oormct be reduced u follows:
blaioteoaoce of B cion and Sediment
Control Phm Street Sweeping and Storm
Suer Cleanio�
Cud: $19000 $11000
Letter of Credit: $17,600 $8.500
Adopted by the City Council on Deoember 3, 1994