HomeMy WebLinkAboutCity Council Resolution 1985-722CITY 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. 85-722
REDUCING DEVELOPMENT BOND
DEERWOOD ESTATES PLAT THREE (A-784)
WHEREAS, in accordance with the development contract dated May 16, 1984, Wiswell
Estates, Inc. and International Development, Inc., developer of Deerwood Estates
Plat Three (A-784), 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 Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Maintenance of Erosion and
Sediment Control Plan
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$ 46,300
$ 4,630
28,500
-0-
30,900
-0-
23,900
-0-
6,400
6,400
-0-
-0-
450
450
2,000
2,000
2,000
2,000
49,200
-0-
-0-
-0-
22,758
1,858
$212,408 $17,338
That the letter of credit required be reduced from $36,792 to $17,338 to reflect
the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Cnunr_ilmemher Crain , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Davenport. Councilmembers: Neils.
Vasilinu' SrhnPid r and Crain
The following voted against or abstained: none
Whereupon the resolution was declared duly passed and adopted.