HomeMy WebLinkAboutCity Council Resolution 1985-559CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a tn,.nial meeting of the City
Council of the City of Plymouth, Minnesota was�held on the 22nd day
Of ,l„lx , 1985. The following members were present: Magni (lavas nrt—
CnllnrilmPmhPrC rrain, NPilc- c%rhnPifdPr and Vacilinu
The following members were absent: nnne
Councilmember Schneider introduced the following Resolution and moved its
adoption: RESOLUTION NO. 85- 559
REDUCING DEVELOPMENT BOND
WOODDALE NORTH PLAT TWO (85033)
WHEREAS, in accordance with the development contract dated May 15, 1985, Wooddale
Ventures and Lyman Lumber Company, developer of Wooddale North Plat Two (85033) 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 $ 83,600 $83,600
Sanitary Sewer System 41,150 4,115
Watermain System 47,800 4,780
Storm Sewer System -0- -0-
Boulevard and Drainage Swale Sod 7,400 7,400
Pond or Ditch Construction -0- -0-
Street Signs 450 450
Site Grading and Drainage Improvements 42,000 4,200
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 26,688 12,545
TOTAL $249,088 $117,090
That the letter of credit required for the above items be reduced from $249,088 to
$117,090 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 Cash:
Sewer Cleaning Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$ 1,000 $ 1,000
$35,000 $35,000
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, "Jeils,
Schneider and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.