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HomeMy WebLinkAboutCity Council Resolution 1985-032CITY OF PLYMOUTH Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Plymouth, Minnesota was held on the 7th day of January , 1985. The following members were present: Mayor Davenvort, Councilmembers Crain. Neils. Schneider and Vasiliou . The following members were absent: None Councilmember Neils introduced the following Resolution and moved its adoption: RESOLUTION NO. 85-32 REDUCING DEVELOPMENT BOND - SILVERTHORNE ADDITION ,62052) WHEREAS, in accordance with the development contract dated September 12, 1983, Raymond L. Laurent and Jeanne A. Laurent, developer of Silverthorne Addition (82052), 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 that the bonding requirements are reduced as follows: Street Sweeping and Storm Sewer Cleaning Maintenance of Erosion and Sediment Control Plan Site Grading and Drainage Improvements Park and Trail Improvements Design, Administration, Inspection, As-Builts 16,361 $152,699 TOTAL ORIGINAL AMOUNT PRIVATE $ 31,000 84,057 48,518 24,875 12,400 -0- -0- 2,500 ORIGINAL 2,000 AMOUNT ITEM PUBLIC Street Construction $ 43,950 Sanitary Sewer 26,295 Watermain • 44,068 Storm Sewer 12,000 Boulevard Sod -0- Pond or Ditch Construction -0- Street Signs 300 Street Sweeping and Storm Sewer Cleaning Maintenance of Erosion and Sediment Control Plan Site Grading and Drainage Improvements Park and Trail Improvements Design, Administration, Inspection, As-Builts 16,361 $152,699 TOTAL ORIGINAL AMOUNT PRIVATE $ 31,000 84,057 48,518 24,875 12,400 -0- -0- 2,500 -0- 2,000 -0- -0- 59,500 5,225 -0- 31,242 $291,592 NEW AMOUNT PUBLIC $27,940 _O_ -0- -0- -0- -0- 300 NEW AMOUNT PRIVATE $26,000 15,000 21,400 4,800 12,400 -0- -0- 2,500 -0- 2,000 -0- -0- 5,950 5,225 -0- 4,556 101266 $42,521 $95,816 That the letter of credit required be reduced from $152,699 to $42,521 to reflect the completed work for the public improvements, and from $291,592 to $95,816 to reflect the completed work for the private improvements. FURTHER, BE IT RESOLVED, that the sanitary sewer, watermain and storm sewer construction identified on the "as -built" drawings as public improvements (all lying within the public right-of-way) is accepted as of January 7, 1985 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 Schneider , and upon vote being taken thereon, the following voted in favor thereof: Mayor Davenport, Councilmembers Crain, Neils, Schneider and Vasiliou The following voted against or abstained: None Whereupon the Resolution was declared duly passed and adopted.