HomeMy WebLinkAboutCity Council Resolution 1981-859RESOLUTION NO. 81- 859
REDUCING DEVELOPMENT BOND
WIND RIDGE AT BASS LAKE 3RD ADDITION {A-755}
WHEREAS, in accordance with the development contract dated May 18, 1981, Wind Ridge
at Bass Lake 3rd Addition Partnership, developer of Wind Ridge at Bass Lake 3rd Addn.,'
has agreed to install certain improvements for said development; and
WHEREAS, the developer has completed a portion of the street, 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 CITY OF PLYMOUTH,
MINNESOTA that the bonding requirements are reduced as follows:
ITEM ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$ 39,325
$15,938
Sanitary Sewer
21,350
-O-
Watermain
13,500
-0-
Storm Sewer,
6.,200
-0-
Boulevard and Drainage Swale Sod
3,200
3,200
Pond or Ditch Construction
2,500
-0-
Street Signs
150
150
Street Sweeping and
Storm Sewer Cleaning
11000
11000
Park and Trail Improvements
-0-
-0-
Maintenance of Erosion and Sedi-
ment Control Plan
1,500
1,500
Site Grading
21,500
-0-
Design, Admn., Insp., As-Builts
13,227
6,600
TOTALS
$123,452
$28,388
That the letter of credit required be
reduced from $32,493
to $28,388 to reflect the
completed work.
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer are accepted,
as of December 21, 1981 for continual maintenance subject to the one year guarantee
by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilme ber Schneider and upon vote being taken thereon, the
o owing votea, in favor ereo Mayor Davenport, Councilmembers Hoyt, Neils,
S hqeiogr andThreinen
The followin9voted against or abstained: none
Mhereupon'the Resolution was declared duly passed and adopted.