HomeMy WebLinkAboutCity Council Resolution 1985-763CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a Snpcial meeting of the City
Council of the City of Plymouth, Minnesota was held on the 9-Ird day
of September , 1985. The following members were present:
Oeput�y Mayor Schnpider, Cnuncilmemhprs Crain, Npilc and Vacilinu
The following members were absent: Mavnr n vannnr-t
Councilmpmhpr Crain introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85-763
REDUCING DEVELOPMENT BOND
STEEPLECHASE 2ND ADDITION (84047)
WHEREAS, in accordance with the development contract dated March 13, 1985,
Lundgren Brothers Construction, Inc., developer of Steeplechase 2nd Addition
(84047), 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 devel(jpment 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
Project 408 Developer Project 408 Developer
Street Construction $
Sanitary Sewer
Watermain
Storm Sewer
Boulevard 6 Drainage
Swale Sod
Pond or Ditch Construction
Street Signs
Park and Trail Improvements
Site Grading b Drainage Improvements
Design, Administration,
Inspection, As-Builts -0- 19,028 -0-
13,350
$ 49,100
$ 13,350
$ 19,640
-0-
49,670
-0-
4,967
-0-
40,100
-0-
4,010
-0-
13,250
-0-
1,325
-0-
4,000
-0-
4,000
-0-
-0-
-0-
-0-
-0-
450
-0-
450
-0-
2,000
-0-
2,000
-0-
-0-
-0-
-0-
TOTAL $ 13,350 0177,598 $13,350
19,028
$55,420
That the letter of credit required for Project 408 remain at $13,350 and the
letter of credit required for developer improvements be reduced from $177,598 to
$55,420 to reflect the completed work.
Resolution No. 85- 763
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
$ 1,000
$ 2,000
NEW AMOUNT
$ 1,000
$ 2,000
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: Deputy Mayor Schneider, Councilmembers
Crain, Neils and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared dully passed and adopted.
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