HomeMy WebLinkAboutCity Council Resolution 1994-803RESOLUTION NO. 94- 803
REDUCING DZVF.LOPMIditPT BOND
GOLFVIZWW ESTATES ADDITION (91047)
, in accardam with the development contract dated February 100 1992 and revised February
24, 19929 Lo M Hill Development Company, devei w of f,3ndWm Estates Addition (91047), has
speed to huhu certain improvemenu for said development; and
WI BRBAS, the developer has completed a portion of the street, utility and site pading as noted below;
and
WT REAS, the developer has requested a reduction of the devdopmeat bond to to lect the completed
wait
NOW, IEtBFORB, B8 IT HEREBY RESOLVED BY TIM CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA; that the bonding requirements are reduced as follows:
E$
ORIGINAL
NEW
AMO
Strew Construction (Not incl. City Pro.
$213,700
$-0-
C.R. 9/Holly Lane)
Sanitary Sewer
159,710
-0-
Wntermain
929473
-0-
Sto M Sewer
120,307
4
Boulavard and Drainage Swab Sod
129800
10000
Mit SMWn Pond Coosw don
-0-
-0-
Sft& Situ (3 x 150)
750
-0
She Grading and Drainage Improvements
78,000
-0-
Park sad Trait Improvements
-0-
-0-
Design, Administration, Iatpecdon, As -Built$
,91.16
.M
TOTAL
$761,311
$1,120
710 the letter of credit required for the above items be reduced as detailed above liom $2,240 to $1,120
to reflect the completed work. Letter of Credit No. 298 may be reduced accordingly.
RMLU nON NO. p4. 803
GOLFVECW BSTAIU ADDITION (91047)
Plsp Twe
PURMER BE IT RESOLVED that the boodio8 requirements for the following items per Section 8.1 of
the approved development contract be reduced u follows:
Maioteosooe of Brodon and Sediment
Control Plan Street Sweeping and Storm
Sewer Chooio�
Crib: $1,000 $11000
Leser of Credit: $429800 $s,0®o
Adopted by the City Council on December S, 1994.