HomeMy WebLinkAboutCity Council Resolution 1986-096CITY 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 10th day
of —February , 1986. The following members were present: Mayor Schneider,
Counci members rain, Sisk, Zitur and Vasiliou
The following members were absent: none
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86- 96
REDUCING DEVELOPMENT BOND
MONTGOMERY 2ND ADDITION (85007)
WHEREAS, in accordance with the development contract dated May 16, 1985, Betty J.
Grandstaff and Marquette Bank Minneapolis, N.A., A National Banking Association, as
Trustees of the William G. Grandstaff Revocable Trust Agreement dated November 16,
1976 and Douglas R. Nelson and Judith M. Nelson, developer of Montgomery 2nd
Addition (85007), 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
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$ -0-
$ -0-
Sanitary Sewer
4,420
-0-
Watermain
-0-
-0-
Storm Sewer
29,716
-0-
Boulevard and Drainage Swale Sod
1,500
1,500
Pond or Ditch Construction
-0-
-0-
Street Signs
-0-
-0-
Street Sweeping and Storm Sewer Cleaning
-0-
-0-
Park and Trail Improvements
-0-
-0-
Site Grading and Drainage Improvements
-0-
-0-
Maintenance of Erosion and
Sediment Control Plan
-0-
-0-
Design, Administration, Inspection, As-Builts
4,276
180
TOTAL
$39,912
$1,680
That the letter of credit required be reduced from
$39,912 to $1,680
to reflect the
completed work.
Resolution No. 86- 96
Page Two
FURTHER BE IT RESOLVED that the sanitary sewer, and storm sewer construction is
accepted as of February 10, 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
Councilmember Vasiliou , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Crain, Sisk,
Zitur and Vasiliou
The following voted against or abstained: none
Whereupon the resolution was declared duly passed and adopted.