HomeMy WebLinkAboutCity Council Resolution 1986-475CITY 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 4th day
of August , 1986. The following members were present: Mayor Schneider,
Councilmembers Sisk, Vasiliou, and Zitur
The following members were absent: Councilmember Crain
Councilmember Sisk introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 86-475
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 noted below; and
WHEREAS, the developer has requested a reduction of the development band 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 $
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
53,582
$ 11,455
21,591
-0-
29,147
-0-
12,447
-0-
3,400
3,400
-0-
-0-
150
150
-0-
-0-
1,111
1,111
14,571
1,934
$135,999 $ 18,050
That the letter of credit required for the above items be reduced as detailed
above from $52,710 to $18,050 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 Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$ 1,000 $ 1,000
$ 5,000 $ 5,000
Resolution No. 86-475
Page Two
1bFURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer
construction is accepted as of August 4, 1986 for continual maintenance subject
to the one year guarantee by the developer.
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 Sisk,
Vasiliou, and Zitur
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.
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