HomeMy WebLinkAboutCity Council Resolution 1985-901CITY 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 4th day
of November , 1985. The following members were present:fir Davenport,
Councilmembers Neils, Schneider, Crain and Vasilioj
The following member3 were absent: none
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Councilmember Vasiliou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85- 931
REDUCING DEVELOPMENT BOND
BASS LAKE WOODS ADDITION (84075)
WHEREAS, in accordance with the development contract dated November 15, 1984, Bass
Lake Woods Associates, developer of Bass Lake Woods Addition (84075), has agreed to
install certain improvements for said development; avid
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 P!.YMOUTH
that the bonding requirements are reduced as follows:
ITEM
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Des'gn, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$ 74,700
$ 21,736
66,000
-0-
56,000
-0-
74,000
-0-
8,200
8,200
-0-
-0-
600
600
48,200
-0-
-0-
-0-
39,324
3,664
$367,024 $34,200
That the letter of credit required for the above items be reduced as detailed above
from $83,014 to $34,200 to reflect the completed work.
Resolution No. 85- 901
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: $12,500 $12,500
•
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Schneider , 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 duly passed and adopted.