HomeMy WebLinkAboutCity Council Resolution 1985-902CITY 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: Mayor Davenport,
10 Councilmembers Neils, Schneider, Crain and Vasiliou
The following members were absent: none
Councilmember Vasiliuu introduced the following Resolutiou and moved
is adoption:
RESOLUTION NO. 85- 902
REDUCING DEVELOPMENT BOND
TIYBERTON ADDITION (83054)
WHEREAS, in accoidan,:e with the development contract dated December 16, 1983,
Timberton Company developer of Timberton Addition (83054), 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
ORIGINAL AMOUNT
Street Construction
$ 38,400
Sanitary Sewer
55,050
Watermain
57,170
Storm Sewer
33,790
Boulevard and Drainage Swale Sod
8,000
Pond or Ditch Construction
1,000
Street Signs
300
Street Sweeping and Storm
Sewer Cleaning
2,500
Park and Trail Improvements
-0-
Site Grading and Drainage Improvements
22,000
Maintenance of Erosion and
Sediment Control Plan
2,000
Design, Administration, Inspection, As-Builts 26,425
TOTAL $ 246,635
NEW AMOUNT
$ 7,680
5,505
5,717
3,379
4,000
1,000
300
2,500
-0-
-0-
2,000
3,850
$ 35,931
That the letter of credit required be reduced from $57,907 to $35,931 to
reflect the completed work.
FURTEER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer
construction is accepted as of November 4, 1985 for continual maintenance
subject to the one year guarantee by the developer.
Resolution No. 85- 902
Page Two
FURTHER BE IT RESOLVED that pursuant to the developer's request a 10% retainer
will be held in the required development bond for the sanitary sewer, watermain
and storm sewer in lieu of the required maintenance bond.
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: Ma or Davenport, Councilmembers Neils,
Schneider, Crain and Vasiliou
The following voted against or abstained: none
WhereuD,n the Resolution was declared duly passed and adopted.