HomeMy WebLinkAboutCity Council Resolution 1995-056C
( RESOLUTION No. 95 - S6
REDUCING DEVELOPMENT BOND
FAWN CREEK ADDITION (90022)
WHEREAS, in accordance with the development contract dated September 24, 1990, Dennis E. Arne and
Ferre B. Arne, developers of Fawn Creek Addition (90022), have agreed to install certain improvements
for said development; and
WHEREAS, the developer has completed a portion of the stmt, utility and site grading as noted below;
and
WHEREAS, the developer has requested a reduction of the development bond to reflect the completed
work;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CPTY OF
PLYMOUTH, MDWESOTA; that the bonding requirements are reduced as follows:
i
ORIGINAL
AMQT1LiT
NEW
AM4Ii�
Street Construction
$119,600
5 -0 -
Sanitary Sewer
770700
-0-
Watermain
69,700
-0-
Storm Sewer
71,400
-0-
Boulevard and Drainage Swale Sod
71000
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
300
-0-
Site Grading and Drainage Improvements
52,300
-0-
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts
'��
47,760
,8L
TO'T'AL
$4450760
$-0-
That the letter of credit required for the above items be reduced as detailed above from $2,240 to $0
(zero) to reflect the completed work. The Letter of Credit is hereby reduced accordingly and will be
returned by the Finance Department.
•
RESOLUTION N0.95- 56
( FAWN CREEK ADDITION (90M)
Pais Two
FMTIMR BE PP RESOLVED that the bonding requirements for the following items per Section 8.1 of
the approved development contract be reduced as follows:
Maintenance of Erosion and Sediment
Control Plan Street Sweeping and Storm
Sewer Cleaning
Cash:
Lemr of Credit:
* See Grading Permit No. 2689
1
Adopted by the City Council on January 17, 1995.
$ 1,000* $1,000*
$20,000* $ -0-*