HomeMy WebLinkAboutCity Council Resolution 1995-398RESOIAMON NO. 95-398
REDUCING REQUIRED FINANCIAL GUARANTEE
PARIa= LAKE NORTH 9TH ADDITION OK 067)
WHSRBAS, in accordance with the developmelnt contract dated July 12, 19931 L Um -Williams P&*m
L W, developer of Parkers Lke Nath 9th Addition - Uplands Area (93067), has agreed to install certain
improvemms for said development; and
WSBREAS, the developer has completed a portion of the strict, utility and site grading as noted below;
MW
WHBRBAS, the developer has requested a re&uxion of the required financial guarantee to reflect the
completed work;
r.v
Strain construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale :iod
Drainage Pond Construction
Iviitigation Pond Construction
Strut Signs (2 x 200)
Site Grading and Drainage Improvements
Park and Trail Improvements
Setting Iron Monuments
Design, Administration, Inspection, As-Buiits
TOTAL
• ' C11
: „ • h� �t • J��M
$ 84,231
S4
23,672
4
60,310
-0-
41,914
4
-4
-0-
-0-
-0-
400
-0-
72,025
4
160
-0-
1,500
-0-
3410I
$
$318,317 $_O_
'I hat the required financial guarantee for the above items be reduced as detailed above from 52,000 to $0
(zero) to reflect the completed work,
BES UMON NO. 95-398
PARIM LAKE NORTH 9TH AMMON 03M
Pap Two
MIRT1ER BE 1T RESOLVED that the boa ft rapimmots for the Mowing items per Section 8.1 of
the sppaved devdopm d comma be reduced as follows:
��-�,: • � �,� is
Maiatanam Of BMIM and Sedbud
t`.omtol Plan Street SweapinB and Storm
Seger Ckuft
Cub: $1,000 $4
Letter of credit: $23,000 S4
Adopted by the City Cou:Ls'. on July 11, 1995.