HomeMy WebLinkAboutCity Council Resolution 1985-926Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota was held on the 18th day
of November , 1985. The following members were present: Mayor Dayenport.
ounct mem ers Crain, Neils, Schneider and Vasiliou
The following members were absent: none
Councilmember Schneider introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85-926
REDUCING DEVELOPMENT BOND
ROLLING HILLS PARR (83059)
WHEREAS, in accordance with the development contract dated July 19, 1984, revised
August 21, 1984, Enterprise Properties, developer of Rolling Hills Park (83059) 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 and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Park and Trail Improvements
Site Grading and Drainage Improvements
Maintenance of Erosion and
Sediment Control Plan
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$124,910
$ -0-
73,020
-0-
67,225
-0-
22,405
-0-
10,000
2,000
-0-
-0-
600
-0-
2,000
2,000
1,620
-0-
52,000
-0-
2,000 1,000
42,694 600
$398,474 $ 5,600
That the letter of credit required for the above items be reduced from $93,320 to
$5,600 to reflect the completed work.
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted as of November 18, 1985 for continual maintenance subject to the one year
guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmemher Crain , and upon vote being taken thereon, the following
voted in favor thereof: Mayor Davenport, Cnuncilmembprs Crain,Npils,
Schneider and Vasiliou
The foieowing voted against or abstained: nnna
Whereupon the Resolu►' `1�clared duly passed and adopted.