HomeMy WebLinkAboutCity Council Resolution 1985-767CITY 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 23rd day
of September , 1985. The following members were present:
9e55ty Mayor c neider, Councilmembers Crain, Neils and Vasiliou
The following members were absent: Mayor Davenport
Councilmember Crain introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85-767
REDUCING DEVELOPMENT BOND
WOODDALE NORTH PLAT TWO (85033)
WHEREAS, in accordance with the development contract dated May 15, 1985, Wooddale
Ventures and Lyman Lumber Company, developer of Wooddale North Plat Two (85033),
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 System
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
$ 83,600
$ 39,824
41,150
-0-
47,800
-0-
-0-
-0-
7,400
7,400
-0-
-0-
450
450
42,000
4,200
-0-
-0-
26,688
6,225
$249,088 $58,099
That the letter of credit required for the above items be reduced as detailed above
from $117,090 to $58,099 to reflect the completed work.
Resolution No. 85-767
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 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: $35,000 $35,000
FURTHER BE IT RESOLVED that the sanitary sewer, and watermain construction is
accepted for continual maintenance as of September 23, 1985 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: Deputy Mayor Schneider, Councilmembers
Crain, Neils and Vasiliou
The following voted against or abstained: none
Whereupon the resolution was declared duly passed and adopted.