HomeMy WebLinkAboutCity Council Resolution 1985-1001CITY 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 16th day
of December ; 1985. The following members were present:
Mavnr navennort. Councilmenibers Crain. Neils and Schneider
The following members were absent: Councilmember Vasiliou
Councilmember Schneider introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 85-1001
REDUCING DEVELOPMENT BOND
QUAIL RIDGE OF PLYMOUTH ADDITION (85081)
WHEREAS, in accordance with the development contract dated December 4, 1985,
Cenvesco, Inc, developer of Quail Ridge of Plymouth Addition (85081), has
agreed to install certain improvements for said development; and
'WHEREAS, the developer has complet^d 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 $ 78,220 $ 78,220
Sanitary Sewer 64,000 9,540
. Watermain 45,260 26,960
Storm Sewer 21,730 21,730
Boulevard Sod 6,600 6,600
Pond or Ditch Construction -0- -0-
Street Signs 450 450
Site Grading amd Drainage Improvements -0- -0-
Park and Trail Improvements -0-
Design, Administration, Inspection, As-Builts 25,951 17,220
TOTAL $242,211 $160,720
That the letter of credit required be reduced from $242,211 to $160,720 to
reflect the completed work.
FURTHER BE IT RESOLVED that the bonding requirements for the following items
per Section 8.1 of the approved development contract be reduced as follows:
ITEM
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning
ORIGINAL AMOUNT NEW AMOUNT
These items are include -1 in
Grading Permit No. 85701737
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Neils ,and upon vote being taken thereon, the
following voted in favor thereof: Mayor Davenport. Councilmembers
Crain. Neils and Schneider
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.