HomeMy WebLinkAboutCity Council Resolution 1986-397CITY 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 7th day
of Jul , 1986. The following members were present: -� r Schneider,
Counc mem ers rain, Sisk, and Zitur
The following members were absent: Councilmember Vas? lou
Councilmember Sisk introduced the following Resolution and moved
its adoption: RESOLUTION NO. 86- 397
REDUCING DEVELOPMENT BOND
PARKERS LAKE FARM SECOND ADDITION (86013)
WHEREAS, in accordance with the development contract dated February 25, 1986,
amended April 7, 1986, Kenneth C. Peterson and Ilona J. Peterson, developer of
Parkers Lake Farm Second Addition (86013) 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 not -2d 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 $ 53,582 $ 36,879
Sanitary Sewer 21,591 2,159
Watermain 29,147 2,915
Storm Sewer 12,447 1,245
Boulevard and Drainage Swale Sod 3,400 3,400
Pond or Ditch Construction -0- -0-
Street Signs 150 150
Site Grading and Drainage Improvements -0- -0-
Park and Trail Improvements 1,111 1,111
Design, Administration, Inspection, As-Builts 14,571 4,851
TOTAL $135,999 $ 52,710
That the letter of credit required for the above items be reduced as
detailed above from $62,769 to $52,710 to reflect the completed work.
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
ORIGINAL AMOUNT NEW AMOUNT
Sewer Cleaning Cash: $ 1,000 $ 1,000
Letter of Credit: $ 5,000 $ 5,000
The motion for the adoption of the foregoing Resolution was duly seconded by
_Councilmember Crain , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Crain, Sisk,
and Zitur
The following voted against or abstained:
Whereupon the Resolution was declared duly pas