HomeMy WebLinkAboutCity Council Resolution 1986-438CITY 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 21st day
of .7ujx , 1986. The following members were present: Moor Schneider,
Conne{lmembern Grain Ctalr� Vasiliou, and Zitur
The following members were absent: none
_Councilmember Sisk introduced the following Resolution and coved its
adoption:
RESOLUTION NO. 86-438
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 II
(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, 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 $ 50,300 $ 40,300
Sanitary Sewer 35,601 3,560
Watermain 46,152 4,615
Storm Sewer 17,079 1,708
Boulevard and Drainage Swale Sod 7,400 7,400
Pond or Ditch Construction -0- -0-
Street Signs 450 450
Site Grading and Drainase Improvements -0- -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 18,838 6,964
TOTAL $175,820 $ 64,997
That the letter of credit required for the above items be reduced as detailed above
from $76,197 to $64,997 to reflect the completed work.
0
Resolution No. 86— 438
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 3 4th
Additions
The motion for the adoption of the foregoing Resolution was duly seconded by
1plicilmember Zitur and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider Councilmembers Crain. Sisk_
Vas_i_liou, and Zitur
The following voted against or abstained: none
Whereupon the resolution was declared duly passed and adopted. .
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