HomeMy WebLinkAboutCity Council Resolution 1986-437CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a ,lar meeting of the City
Council of the City of Plymouth, Minnesota was held on the 21st day
of July , 1986. The following members were present: mor Schneider,
Councilmembers Crain, Sisk, Vasiliou, and Zitur
The following members were absent: none
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86-437
REDUCING DEVELOPMENT BOND
QUAIL RIDGE OF PLYMOUTH ADDITION (85081)
WHEREAS, in accordance with the development contract dated December 4, 1985,
Cenvesco, Inc., developer of Quail Ridge of Plymouth Addition (85081), 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 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
$ 78,220
$ 39,110
64,000
6,400
45,260
4,526
21,730
2,173
6,600
6,600
-0-
-0-
450
450
-0-
-0-
-0-
-0-
25.951
7.111
$242,211 $ 66,370
That the letter of credit required for the above items be reduced as detailed above
from $160,720 to $66,370 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
Sewer Cleaning
ORIGINAL AMOUNT NEW AMOUNT
These items are included in
Grading Permit No. 85701737
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Crain, Sisk,
•Vaailinn. and Zitur
The following voted against or abstained: none
Whereupon the resolution was declared duly passed and adopted.
4