HomeMy WebLinkAboutCity Council Resolution 1985-718CITY 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 September , 1985. The following members were present: Mayor Davenport.
Councilmembers: Neils. Vasiliou. Schneider and Crain
The following members were absent: none
Councilmember Neils introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85-718
REDUCING DEVEL.O,PMEI1T BOND
ROLLING HILLS PARR 2ND ADDITION (85026)
WHEREAS, in accordance with the development contract dated May 14, 1985, Enterprise
Properties, developer of Rolling Hills Park 2nd Addition (65026), has agreed to
install certain improvements for said development; and
WHEREAS, the developer has completed a portion of the street, utile*y 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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$ 72,362
$ 72,362
46,792
-0-
32,275
-0-
32,450
-0-
6,600
6,600
-0-
-0-
300
300
-0-
-0-
8,803
8,303
23,950
10,567
0 $223,532 $98,632
That the letter of credit required for the above items be reduced as detailed above
from $223,532 to $98,632 to reflect the completed work.
Resolution No. 85- 718
Page Two
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 Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$ 1,000 $ 1,000
$ 2,000 $ 2,000
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewe' con-
struction is accepted for continual maintenance as of September 16, 1985 subject to
the one year guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Crain and upon vote being taken thereon, the
following voted in favor thereof: Magnr nauepp,r+ Councilmembers: Neils.
Vasiliou. Schneider and Crain
The following voted against or abstained: none
Whereupon the resolution was declared duly passed and adopted. �*