HomeMy WebLinkAboutRESOLUTION NO. 03-07-08-1 RESOLUTION OF OZ-O '/
ACCEPTING IMPROVEMENTS AND APPROVING MAINTENANCE BOND
AND LETTER OF CREDIT FOR MAINTENANCE OF PUBLIC
IMPROVEMENT'S FOR PRAIRIE VIEW ESTATES -- PART TWO
WHEREAS, Resolution 02-10-08-3 dated October 8, 2003, set the performance bond
requirement for incompleted public improvements on Prairie View Estates — Part Two;.
and,
WHEREAS, said public improvements have now been completed and the City Engineer
has recommended acceptance of the public improvements;, and,
WHEREAS, E & F Cement & Asphaltic Concrete Company, Inc., has submitted a
maintenance bond for the Concrete pavement and Gordon Sevig has offered to maintain
$40,000.00 in the letter of credit for the maintenance of the sanitary sewer, storm sewer
and water main; and,
WHEREAS, The City Engineer recommends the approval of the maintenance bond and
letter of credit,
NOW THEREFORE BE IT (RESOLVED, by the City Council of the City of Fairfax, Iowa,
that the public improvements in Prairie View Estates — Part Two are hereby accepted,;
and,
BE IT FURTHER RESOLVED, that the maintenance bond for a four year permit
submitted by E & F Cement & Asphaltic Concrete Company, Inc., and written by
Merchants Bonding Company (Mutual) for concrete pavement and the letter of credit
written by Fairfax State Savings Bank in the amount of $40,000.00 for the maintenance
of the storm sewer, sanitary sewer and water main for a three year period are hereby
approved.
Passed and approved this day of , 2003.
AYE L ^'
NAY
ABSENT
Bill Voss, Mayor
ATTEST:
Mary achq,6fltyblerk