HomeMy WebLinkAboutCity Council Resolution 1985-082CITY 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 Januar , 1985. The following members were present:
mayor avenporT, Councilmembers Crain, Neils, Schneider and Vasillou
The following members were absent: none
Councilmember Schneider introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 85-82
REDUCING DEVELOPMENT BOND
WEST MEDICINE LAKE TERRACE (80008)
HEREAS, in accordance with the development contract dated January 12, 1983,
B -T Land Company, developer of West Medicine Lake Terrace (80008), 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 -equested 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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Maintenance of Erosion and
Sediment Control Plan
Site Grading
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$139,660
$ -0-
103,285
-0-
92,100
-0-
31,330
-0-
18,000
9,000
-0-
-0-
600
-0-
2,000
2,000
5,000
5,000
128,420
12,842
-0-
-0-
62,447
3,461
$582,842 $32,303
That the letter of credit required be reduced from $328,922 to $32,303 to
reflect the completed work.
FURTHER BE IT RESOLVED that the street construction and concrete curb and
gutter 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, Councilmembers Crain, Neils,
Schneider and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.
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