HomeMy WebLinkAboutCity Council Resolution 1983-691Councilmember Threinen Introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 83- 691
REDUCING DEVELOPMENT BOND
PLYMOUTH HILLS 2ND ADDITION (80060)
WHEREAS, in accordance with the amended development contract dated January 26,
1981, Plymouth Hills Company, developer of Plymouth Hills 2nd Addition (8006(1),
has agreed to install certain improvements for said development; and
WHEREAS, the developer has completed a portion of the street, utility -,nd 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
CITY OF PLYNO
5 -0-
Sanitary Sewer
to due call
and notice thereof, a regular
meeting of
the City
of the City
of Plymouth, Minnesota was held
on the 19th
day of
r ,
1983. The following members were present�ldyor
Davenport,
mem& r��,
Neils, Schneider and Threinen
The following
members were
Councilmember Threinen Introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 83- 691
REDUCING DEVELOPMENT BOND
PLYMOUTH HILLS 2ND ADDITION (80060)
WHEREAS, in accordance with the amended development contract dated January 26,
1981, Plymouth Hills Company, developer of Plymouth Hills 2nd Addition (8006(1),
has agreed to install certain improvements for said development; and
WHEREAS, the developer has completed a portion of the street, utility -,nd 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
$20,000
5 -0-
Sanitary Sewer
-0-
-0-
Watermain
-O-
-0-
Storm Sewer
-0-
-0-
Boulevard and Drainage Swale Sod
2,000
2.,000
Pond or Ditch Construction
-0-
-0-
Street Signs
-0-
-0-
Street Sweeping and Storm Sewer Cleaning
500
500
Park and Trail Improvements
-0-
-0-
Maintenance of Erosion 6 Spolment Control Plan
-0-
-0-
Site Grading
-0-
-0-
Design, Administration, Inspection, As-RUIIts
2,700
500
TOTAL
S25,200
53,000
That the letter of credit required be reduced from 525,200 to $3,000 to reflect
the completed work. The combined letter of credit on file with the City can be
reduced to $67,680 (Second Addition: $3,000; Third Addition: 564,680). The
letter of credit is identified by the First Plymouth National Bank as Plymouth
Hills Development Company - Irrevocable Letter of Credit No. 2.
flat, B3� ('s91
FURTHER RE IT RESOLVED that the street construction (acceleration/deceleration
lane on County Road 9) and corresponding storm sewer construction is accepted as
of December 19, 1983 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
Councilmember Moen , and upo vote b in take t reon the
following vote n avor thereof: Mayor �avenpor , �ouncirmem�ers Moen, Neils,
neider and Threlnen
erollowing voted against or a sta n s
Whereupon the Resolution was declared duly passe and adopted.
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