HomeMy WebLinkAboutCity Council Resolution 1986-097CITY 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 Februar��, 1986. The following members were present: ayor Schneider,
ounce mem a -b rs Crain, Sisk, Zitur and Vasiliou
The following members were absent: none
Councilmember Sisk introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 86- 97
REDUCING DEVELOPMENT BOND
FOR FOREST 2ND ADDITION (80045)
WHEREAS, in accordance with the development contract dated September 26, 1984,
Cheyenne Land Company, developer of Fox Forest 2nd Addition (80045), 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 (private)
$ 55,700
$ -0-
Sanitary Sewer
28,300
-0-
Watermain
40,100
-0-
Storm Sewer
22,700
-0-
Boulevard and Drainage Swale Sod
8,200
7,000
Pond or Ditch Construction
-0-
-0-
Street Signs
300
-0-
Street Sweeping and Storm Sewer Cleaning
2,000
1,000
Park and Trail Improvements
9,800
-0-
Site Grading and Drainage Improvements
-0-
-0-
Maintenance of Erosion and
Sediment Control Plan
2,000
500
Design, Administration, Inspection, As-Builts 20,292
420
TOTAL
$189,392
$3,920
That the letter of credit required be reduced from $9,870 to $3,920 to reflect
the completed work.
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 train, .
Sisk, Zitur and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.