HomeMy WebLinkAboutCity Council Resolution 1985-930CITY OF lrLYlIOOTH
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
t
of November 1985. The following members were presen: a or Davenport,
The following members were absent: none
. ,irat
Councilmember Schneider introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85-930
REDUCING DEVELOPMENT BOND
ZACHARY HILLS 3RD ADDITION (79045)
WHEREAS, in accordance with the development contract dated September 13, 1983, and
revised April 20, 1984, Marvin H. Anderson Construction Co., developer of Zachary
Hills 3rd Addition (79045) 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:
Private
Private
ITEM ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$ -0-
$ -0-
Sanitary Sewer
-0-
-0-
Watermain
-0-
-0-
Storm Sewer
-0-
-0-
Boulevard and Drainage Swale Sod
2,800
2,000
Pond or Ditch Construction
-0-
-0-
Street Signs
150
-0-
Street Sweeping and Storm Sewer Cleaning
1,500
1.000
Park and Trail Improvements
-0-
-0-
Site Grading
20,000
-0-
Maintenance of Erosion and
Sediment Control Plan
3,000
2,000
Design, Administration, Inspection, As-Builts
3,294
600
TOTAL
$ 30,744
$ 5,600
That the letter of credit required for the above items be reduced from
$8,344 to
$5,600 to reflect the completed work.
FURTHER BE IT RESOLVED that the letter of credit required
for public
improvements
(Project 412) originally set at $88,168 per the revised
development
contract can be
reduced to $48,309 now that Levy Number 9717 has been
certified to Hennepin
County.
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
Schneider
Crain, Neils,
and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and
adopted.