HomeMy WebLinkAboutCity Council Resolution 1985-929CITY 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 November , 1985. The following members were present: Mayor Davenport,
Cnuncilmembers Crain, Neils. Schneider and Vasiliou
The following members were absent: none
CnimrilmPmher Schneider introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 85-929
REDUCING DEVELOPMENT BOND
TIMBERTON ADDITION (83054)
WHEREAS, in accordance 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
NEW AMOUNT
'
Street Construction
$ 38,400
$ 3,840
Sanitary Sewer
55,050
5,505
Watermain
57,170
5,717
Storm Sewer
33,790
3,379
Boulevard and Drainage Swale Sod
8,000
2,000
Pond or Ditch Construction
1,000
1,000
Street Signs
300
-0-
Street Sweeping and Storm
Sewer Cleaning
2,500
2,500
Park and Trail Improvements
-0-
-0-
Site Grading and Drainage Improvements
22,000
-O-
Maintenance of Erosion and
Sediment Control Plan
2,000
2,000
Design, Administration, Inspection, As-Builts
26,425
3,113
TOTAL
$ 246,635
$ 29,054
That the letter of credit required be reduced from $35,931 to $29,054 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.
Resolution No. 85•-929
Page Two
FURTHER BE IT RESOLVED that pursuant to the developer's request n 10% retainer
will be held in the required development bond for the street construction and
concrete curb and gutter in lieu of the required maintenance bond.
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, Schneider and Vasiliou
. The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.
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