HomeMy WebLinkAboutCity Council Resolution 1986-347CITY 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 2nd day
of June , 1986. The following members were present:
yor Schneider, Councilmembers Crain, Sisk, Vasiliou and Zitur
The following members were absent: none
Councilmeiber Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86- 347
REDUCING DEVELOPMENT BOND
ZACHARY HILLS 4TH ADDITION - PHASE II (79045)
WHEREAS, in accordance with the development contract dated May 7, 1986, Marvin H.
Anderson Construction Co., developer of Zachary Hills 4th Addition, Phase Il
(79045) 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, THEREFGRE, BE IT HEREBY RESOLVED BY TETE 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
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$ 50,300
$ 50,300
35,601
3,560
46,152
4,615
17,079
1,708
7,400
7,400
-0-
-0-
450
450
-0-
-0-
-0-
-0-
18,838
8,164
$175,820 $ 76,197
That the letter of credit required for the above items be reduced as detailed above
from $175,820 to $76,197 to reflect the completed work.
Resolution No. 86- 347
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
Grading Permit issued for
Zachary Hills 3rd & 4th
Additions
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember VaSili0u , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Crain.
Sisk, Vasiliou and Zitur
The following voted against or abstained: none
Whereupon the resolution was declared duly passed and adopted.