HomeMy WebLinkAboutA026 - Council Action Form dated January 12, 1993 4
COUNCIL ACTION FORM
Item # /O
Date: January 12, 1993
SUBJECT: Approval of request of developer to reduce letter of credit for
Prairie West Subdivision Improvements.
BACKGROUND:
Mid-Land Residential Venture Inc. has completed the installation of public
improvements in Prairie West Subdivision.
In order to complete the street paving to meet City specifications, a
portion of the pavement has to be removed and replaced. This work could
not be completed this year due to inclement weather. The developer will
remove and replace this paving immediately in the spring of 1993. -In
order to guarantee that this work will be completed staff insisted that a
guarantee in the amount of $5,000 be given to the City.
The developer has elected to maintain his current letter of credit at the
$5,000 amount to meet this requirement.
MANAGER'S RECOMMENDED ACTION:
It is recommended by the City Manager that the City Council approve the
request to reduce the developers letter of credit to $5,000.
COUNCIL ACTION