HomeMy WebLinkAboutCity Council Resolution 1986-476CITY 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. 86-476
REDUCING DEVELOPMENT BOND
OAKDALE WEST THIRD ADDITION (84097)
WHEREAS, in accordance with the development contract dated August 5, 1985, Don
D. Myron and Donna L. Myron, developer of Oakdale West Third Addition (84097)
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 belcw; 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 $ -0- $ -0-
Sanitary Sewer 10,000 1,000
Watermain -0- -0-
Storm Sewer -0- -0-
Boulevard and Drainage Swale Sod 600 600
Pond or Ditch Construction -0- -0-
Street Signs -0- -0-
Site Grading and Drainage Improvements 2,000 2,000
Park and Trail Improvements -0- -•0-
Design, Administration, Inspection, As-Builts 1,512 432
TOTAL $ 14,112 $ 4,032
That the letter of credit required for the above items be reduced as detailed
above from $14,112 to $4,032 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 ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash: $ 1,000 $ 1,000
Letter of Credit: $ -0- $ -0-
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.
Ott �*