HomeMy WebLinkAboutCity Council Resolution 1986-056CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a Special meeting of the City
Council of the City of Plymouth, Minnesota was held on the 27th day
of January , 1986. The following members were present:
Mayor Schneider. Councilmembers Crain. Sisk and Vasiliou
The following members were absent- none
Councilmember Sisk introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 86- 56
REDUCING DEVELOPMENT BOND
WEST MEDICINE LAKE TERRACE 2ND ADDITION (80008)
WHEREAS, in accordance with the development contract dated April 14, 1983, B -T
Land Company, developer of West Medicine Lake Terrace 2nd Addition (80008), 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
Site Grading.and Drainage Improvements
Maintenance of Erosion and
Sediment Control'Plan
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$ 36,202
$3,620
19,923
-0-
21,310
-0-
-0-
-0-
3,600
800
-0-
-0-
150
-0-
800 400
-0- -0-
-0- -0-
1,000 500
9,958 250
$ 92,943 $ 5,570
That the letter of credit required be reduced from $5,958 to $5,570 to reflect
the completed work.
FURTHER BE IT RESOLVED that the street construction and concrete curb and
gutter is accepted as of January 27, 1986 for continual maintenance subject to
the one year guarantee by the developer.
Resolution 86-56
Page Two
t� FURTHER BE IT RESOLVED that pursuant to the developer's request a 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 ResoluLion was duly seconded by
Councilmember Crain , 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 duly passed and adopted.