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HomeMy WebLinkAboutCity Council Resolution 1986-017CITY 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 6th day of January 1986. The following members were present: Mayor Schneider, Councilmembers Sisk. Crain and Vasiliou The following members were absent: none Councilmember Crain introduced the following Resolution and moved its adoption: RESOLUTION NO. 86-17 REDUCING DEVELOPMENT BOND BASS LAKE HEIGHTS 2ND ADDITION (83008) WHEREAS, in accordance with the development contract dated August 28, 1984, BLH Development Company, developer of Bass Lake Heights 2nd Addition (83008) 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 Constriction Sanitary Sewer Watermain Storm Sewer Boulevard Sod Pond or Ditch Construction Street Signs Street Sweeping and Storm Sewer Cleaning Maintenance of Erosion and Sediment Control Plan Site Grading and Drainage Improvements Park and Trail Improvements Design, Administration, Inspection, As-Builts TOTAL ORIGINAL AMOUNT NEW AMOUNT $ 34,864 $ -0- 26,117 -0- 22,496 -0- -0- -0- 4,200 1,400 -0- -0- 300 300 2,000 2,000 2,000 2,000 46,000 -0- -0- -0- 16.557 684 $154,534 $ 6,384 That the letter of credit required be reduced from $18,294 to $6,384 to reflect the completed work. FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is accepted as of January 6, 1986 for continual maintenance subject to the one year guarancee by the developer. The motion for the adoption of the foregoing Resolution was duly seconded by Councilmember Sisk , and upon vote being taken thereon, the following voted in favor thereof: mayor Schneider, Councilmembers Sisk, Crain and Vasiliou The following voted against or abstained: ,ane Whereupon the Resolution was declared duly passed and adopted.