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HomeMy WebLinkAboutCity Council Resolution 1985-040CITY 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: Pldy0r Davenport, Councilmemers Cfain, Neils, Schneider and Vasiliou The following members were absent: None Councilmember Neils introduced the following Resolution and moved its adoption: RESOLUTION NO. 85-40 REDUCING DEVELOPMENT BOND DEERWOOD ESTATES ADDITION (A-784) WHEREAS, in accordance with the development contract dated July 2, 1961, Parklands Development, developer of Deerwood Estates Addition (A-784), 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: . ITEM ORIGINAL AMOUNT NEW AMOUNT Street Construction $100,672 $ -0- Sanitary Sewer 98,596 -0- Watermain 52,533 -0- Storm Sewer 27,302 -0- Boulevard Sod 9,200 -0- Pond or Ditch Construction 7,000 -0- Street Signs 600 -0- Street Sweeping and Storm Sewer Cleaning 2,000 1,000 Maintenance of Erosion and Sediment Control Plan 2,000 -0- Site Grading and Drainage Improvements 57,000 -0- Park and Trail Improvements -0- -0- Design, Administration, Inspection, As-Builts 42,828 120 TOTAL $399,731 $1,120 That the letter of credit required be reduced from $32,379 to $1,120 to reflect the completed work. FURTHER BE IT RESOLVED that the sanitary sewer, watermain, storm sewer, street construction and concrete curb and gutter is accepted for contini:al maintenance as of January 7, 1985 subject to the one year guarantee by the eev-Loper. The motion for the adoption of the foregoing Resolution was duly seconded by Councilmember Schneider , and upon vote being taken thereon, the followin voted in favor thereof: Mayor Davenport, Councilmembers Crain, Neils, chneider and Vasiliou The following voted against or abstained: None Whereupon the Resolution was declared duly passed and adopted.