HomeMy WebLinkAboutCity Council Resolution 1997-143•
RESOLUTION NO. 97 -143
3NG RMU MM FINANCIAL GUARANM
MCKORY IOIJ ADDI'T'ION 00%)
W»tBAS9 is azar k= with the development contract dead September 27s 19949 Prins Builders.
&Vdopd of Bkbq Bills Addition (94091)s has agreed to Install oertain improv for raid
dwalopmetC and
WHEINASs the developer has completed a portion of the streeto utility mad site gmft as noted below;
and
WHERBASs the developer baa requested a reducdoo of the develMmed bond to MRM the completed
w«k
NOW. 1HEREFORB, B8 IT ICY RESOLVED BY 'IMI MY COUNCQ. OF THE MY OF
PLYMOUTH. IVMMMOTA; that the fhwdd guaantee requhmems are ra&a d as follows:
TTS
ORIGIIML
AM4t�iT
NEW
AM=
Street carstruction
$31.370
S -0 -
sad" sewer
4
-0-
Watonain
239920
-0-
storm Sewer
4
-0.
Boulevard and Dmbsp Swale Sod
38M
3800
Mitipdm I and Construction
3000
4
Sediment Paod Cr nstraction
4
-0-
Stseet Suns (1 x 200)
200
4) -
Site Grading and Drainage improvemeata
1109400
4
Fork and'hail Impro%rements
11,648
-0-
Setting Iron Mets
4
4
Desip. Adson, Inspection, As-Builts
24-521
-49
'DOTAL
SMI59
$497M
That the required financial paantae for the .above items be reduced as detailed above from 95,M6 to
S4j256 to maim the completed work. Letter of Cradit No. 1506.9410A may be reduced accordl*j
0
RESOLUTION NO, 97.143
HICKORY HILLS ADDITION (94091)
Pop Two
FURTHER BE IT RESOLVED that the financial guarantee requinauam for the following items per
Section S. I of the approved development contract be reduced as follows:
Maintenance of Erosion and Sediment
Control Plan, Street Sweeping and Storm
Sewer Cleaning
QA:
Leger of Credit No. 1506-941OC:
$11,000 $19000
$28,745 $7,119
FURTHER BB IT RESOLVED that the financial guarantee for the above items remain at $1,000 cash
with Idter of C -edit No. 1506-9410C being reduced from $14,238 to $76119
FURTHER. BE IT RESOLVZD that the street construction is aco4ted for continual maintenance as of
March S, 1997 subject to the two year guarantee by the Developer per VAintenance Bond No. 018-
d88019.
Adopted by the City Council on March S. 1997.
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