HomeMy WebLinkAboutCity Council Resolution 1986-037CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City
1p Council of the City of Plymouth, Minnesota was held on the 13th day
of January , 1986. The following members were prese—nt--W-
ScHnelder, CKURM members Crain, Sisk and Vasiliou
The following members were absent: none
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86- 37
REDUCING DEVELOPMENT BOND
STEEPLECHASE 2ND ADDITION (84047)
WHEREAS, in accordance with the development contract dated March 13, 1985, Lundgren
Brothers Construction, Inc, developer of Steeplechase 2nd Addition. (84047) 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 PLYMOUTB
that the bonding requirements are reduced as follows:
0
ITEM ORIGINAL AMS NEW AMOUNT
Project 408 Developer Project 408 Developer
Street Construction $ 13,350
Sanitary Sewer -0-
Watermain -0-
Storm Sewer -0-
Boulevard 6 Drainage
Swale Sod
Pond or Ditch Construction
Street Signs
Park and Trail Improvements
Site Grading i Drainage Improvements
Design, Administration,
$ 49,100 $ 13,350 $ 9,820
49,670 -0- -0-
40,100 -0- -0-
13,250 -0- -0-
-0-
4,000
-0-
4,000
-0-
-0-
-0-
-0-
-0-
430
-0-
430
-0-
2,000
-0-
-1-
-0-
-0-
-0-
-0-
Inspection, As-Builts -0- 19,028
TOTAL
$ 13,350 $177,598
-0-
$ 13,350
1,712
$ 15,982
That the letter of credit required for Project 408 remain at $13,350 and the letter
of credit required for developer improvements be reduced fr:w $55,420 to 315,982 to
reflect the completed work.
Resolution No. 86- 37
Page Two
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced as follows:
ITEM
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$ 1,000 $ 1,000
$ 2,000 $ 2,000
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, storm sewer, and trail
construction is accepted as of January 13, 1986 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
Couricilmember VaSiliou , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Crain,
Sisk and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared dully passed and adopted.