HomeMy WebLinkAboutCity Council Resolution 1985-956y
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Pursuant to due call and notice thereof, a r_l9ular meetin of the city
Council of the City of Plymouth. Minnesota was he d�-e 2nd day
of December , 1985. The following sabers were present:
Councilmembers Neils, Schneider and Crain
The following members were absent: Councilmember vasilian
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Councilmember Crain introduced the following Resolution and moved
its adoption: RESOLUTION NO. 85- 956
REDUCING DEVELOPMENT BOND
DEVRIES 3RD ADDITION (84014)
WHEREAS, in accordance with the development contract dated June 11, 1984
DeVries Builders, Inc., developer of DeVries 3rd Addition (84014), 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
Removal of Barn
Maintenance of Erosion and
Sediment Control Plan
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
S -0-
$ -0-
-0-
-0-
-0-
-0-
-0-
-0-
1,750
800
-0-
-0-
-0-
-0-
1,000
500
-0-
-0-
2,000
2,000
1,000 500
690 500
$ 6,440 $ 4,300
That the letter of credit required be reduced from $6,440 to $4,300 to reflect
the completed work.
FURTHER BE IT RESOLVED that the letter of credit required for public improve-
ments (Project 414) originally set at $24,390 per the approved development
contract can be reduced to $0 (zero) now that Levy Number 9718 has been
certified to Hennepin County and certain assessments have been paid as
individual lots are cold.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Neils and upon vote bein taken thereon, the
following voted in favor thereof: Mayor Davenport, louncilmembers Neils,
Schneider and Crain
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.