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HomeMy WebLinkAboutCity Council Resolution 1985-080CITY 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 21St day . of January , 1985. The following members were present: Mayor Davenport, Councilmembers Crain, Neils, Schneider and Vasiliou The following members were absent: none Councilmember Schneider introduced the following Resolution and moved its adoption: RESOLUTION NO. 85-80 REDUCING DEVELOPMENT BOND DEERWOOD ESTATES PLAT TWO (A-784) WHEREAS, in accordance with the development contract dated March 28, 1984, Wiswell Estates, Inc. and International Development, Inc., developer of Deerwood Estates Plat Two (A-784), has agreed to install certain improvements for said development; and WW,REAS, 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: 10 ITEM ORIGINAL AMOUNT NEW AMOUNT Street Construction $ 25,800 $12,000 Sanitary Sewer 20,656 -0- Watermain 34,379 -0- Storm Sewer -0- -0- Boulevard Sod 4,000 4,000 Pond or Ditch Construction -0- -0- Street Signs -0- -0- Street Sweeping and Storm Sewer Cleaning 2,000 2,000 Maintenance of Erosion and Sediment Control Plan 2,000 2,000 Site Grading and Drainage Improvements 5,000 -0- Park and Trail Improvements -0- -0- Design, Administration, Inspection, As-Builts 11,260 2,400 TOTAL $105,095 $22,400 That the letter of credit required be reduced from $28,564 to $22,400 to reflect the completed work. FURTHER BE IT RESOLVED that the sanitary sewer and watermain construction is accepted as of January 21, 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 Vasiliou , and upon vote being taken thereon, the following voted in favor thereof: Mayor Davenport, CouncilmembersCrain, Neils Schneider and Vasiliou The following voted against or abstained: none Whereupon the Resolution was declared duly passed and adopted.