HomeMy WebLinkAboutCity Council Resolution 1985-719CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a rpaijlar meeting of the City
Council of the City of Plymouth, Minnesota was field on the 16th day
of Seotemher , 1985. The following members were present: MavoT Davenport;
Councilmembers: Neils, Vasiliou. Schneider and Crain
The following members were absent:—none
*,tet
Councilmember Neils introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85-719
REDUCING DEVELOPMENT BOND
WOODLANDS ADDITION (84030)
WHEREAS, Ln accordance with the development contract dated May 28, 1985, the
Zachary Lane Development Corporation, developer of Woodlands Addition (84030) 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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard & Drainage
Swale Sod
Pond or Ditch Construction
Street Signs
Park and Trail Imprnvemeuts
Site Grading b Drainage Improvements
Design, Administration,
Inspection, As-Builts
ORIGINAL AMOUNT
NEW AMOUNT
'Pub"C
Private
Public
Private
$100,000
-0-
$20,000
-0-
115,000
-0-
11,500
-0-
75,500
-0-
7,550
-0-
70,000
-0-
7,000
-0-
-0-
14,200
-0-
14,200
-0-
-0-
-0-
-0-
-0-
900
-0-
900
-0-
-0-
-0-
-0-
-0-
120,000
-0-
12,000
43,260
16,212
5,526
3,252
TOTAL $403,760 $151,312 $51,576 $30,352
That the letter of credit required for the above items be reduced as detailed above
from $403,760 to $51,576 to reflect the completed work on the public improvements,
and from $151,312 to $30,352 to reflect the completed work on the private improve-
ments.
Resolution No. 85- 719
Page Two
FURTHER BE IT RESOLVED that the bonling 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
$41,000 $41,000
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: Mayor Davenport. Councilmembprgo N i1c F
Vasiliou. Schneider and Crain
The following voted against or abstained: _ none
Whereupon the Resolution was declared dully passed and adopted.