HomeMy WebLinkAboutCity Council Resolution 1985-928CITY 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 18th day
Of Nnvemher , 1985. The following members were present: Mayor Davenport,
Cauncilmembers Crain. Neils. Schneider and Vasiliou
The following members were absent: none
CnunrilmPmhPr_Schneider introduced the following Resolution and moved its
adoption:
2ESOLUTION NO. 85- 928
REDUCING DEVELOPMENT BOND
PLYMOUTH CREEK 2ND ADDITION (79006)
WHEREAS, in accordance with the development contract dated April 14, 1983, Tipton
Corporation, developer of Plymouth Creek 2nd Addition (79006), 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
NEW AMOUNT
Street Construction
$ 95,370
$ -0-
Sanitary Sewer
40,052
-0-
Watermain
52,904
-0-
Storm Sewer
10
19,825
-0-
Boulevard and Drainage Swale Sod
8,400
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
300
-0-
Street Sweeping and Storm Sewer Cleaning
3,000
-0-
Park and Trail Improvements
-0-
-0-
Site Grading and Drainage Improvements
-0-
-0-
Maintenance of Erosion and
Sediment Control Plan
1,500
-0-
Design, Administration, Inspection, As-Builts
26,562
-0-
TOTAL
$247,913
5 -0-
That the letter of credit required for the above items be reduced from $121,598 to
$0 (zero) 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
Councilmember Crain , and upon vote being taken thereon, the following
voted in favor thereof: Mayor Davenport, Councilmembers Crain, Neils,
_SrhnPider and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.