HomeMy WebLinkAboutCity Council Resolution 1985-828CITY 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 7th day
. of October , 1985. The following members were present: Mayor Davenport,
Counci mem ers Neils, Schneider, Crain and Vasiliou
The following members were absent: none
Councilmember Schneider introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85- 828
REDUCING DEVELOPMENT BOND
WOODLANDS ADDITION (84030)
WHEREAS, in 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 b Drainage
Swale Sod
Pond or Ditch Construction
Street Signs
Park and Trail Improvements
Site Grading b Drainage Improvements
Design, Administration,
Inspection, As-Builts
ORIGINAL AMOUNT
NEW AMOUNT
Public
Private
Public
Private
$100,000
-0-
$20,000
-0-
115,000
-0-
-0-
-0-
75,500
-0-
-0-
-0-
70,000
-0-
-0-
-0-
-0-
14,200
-0-
14,200
-0-
-0-
-0-
-0-
-0-
900
-0-
900
-0-
-0-
-0-
-0-
-0-
120,000
-0-
-0-
43,260
16,212
2,400
1,812
TOTAL $403,760 $151,312 $22,400 $16,912
That the letter of credit required for the above items be reduced as detailed above
from $51,576 to $22,400 to reflect the completed work on the public improvements,
and from $30,352 to $16,912 to reflect the completed work on the private improve-
ments.
Resolution No. 85- 828
Page Two
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer
construction is accepted as of October 7, 1985 for continual maintenance subject to
the one year guarantee by the developer.
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: $41,000 $41,000
i
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, Councilmembers Neils,
Schneider Crain and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared dully passed and adopted.