HomeMy WebLinkAboutCity Council Resolution 1985-602CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City
Council of the City of Plymouth, Minnesota was held on the 12th day
of Au ust , 1985. The following members were present:a or Davenport,
Counci mem ers eils, Schneider and Vasiliou
The following members were absent: Councilmember Crain
COuncilmember Schneider introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85- 602
REDUCING DEVELOPMENT BOND
BASS LAKE WOODS ADDITION (84075)
WHEREAS, in accordance with the development contract dated November 15, 1984, Bass
Lake Woods Associates, developer of Bass Lake Woods Addition (84075) 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 $ 74,700 $60,500
Sanitary Sewer 66,000 -0-
• Watermain 56,000 -0-
Storm Sewer 74,000 -0-
Boulevard and Drainage Swale Sod 8,200 8,200
Pond or Ditch Construction -0- -0-
Street Signs 600 600
Site Grading and Drainage Improvements 48,200 4,820
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 39,324 8,894
TOTAL $367,024 $83,014
That the letter of credit required for the above items be reduced from $367,024 to
$83,014 to reflect the completed work.
FURTHER RE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced as follows:
ITEM ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash: $ 1,000 $ 1,000
Letter of Credit: $12,500 $12,500
Resolution NO, 85- 602
Page Two
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer
• construction is accepted as of August 12, 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 Neils , and upon vote being taken thereon, the following
voted in favor thereof:ayor avenport, Councilmembers Neils, Schneider
and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.
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