HomeMy WebLinkAboutCity Council Resolution 1986-518CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City
Council of the City of Plymouth, Minnesota was held on the 25th day
of August , 1986. The following members were present: Payor Schneider,
Councimembers rain, Vasiliou, and Zitur
The following members were absent: Councilmember Sisk
Councilmember Crain introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 86-518
REDUCING DEVELOPMENT BOND
MERRY MIDDLEMIST ADDITION (81055)
WHEREAS, in accordance with the development contract dated January 13, 1983,
Beverly H. Lillyblad, Duane Lillyblad, Helen M. Fries, Robert Middlemist, Jr.
and Merry Middlemist, developer of Merry Middlemist Addition (81055) 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
K�IMOUTH that the bonding requirements are reduced as follows:
ITEM
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevar3 and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Maintenance of Erosion and
Sediment Control Plan
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
ORIGINAL AMOUNT NEW AMOUNT
$ 42,750
$ 4,275
22,450
-0-
22,250
-0-
5,675
-0-
4,400
-0-
-0-
-0-
150
-0-
1,000
-0-
TOTAL
3,000
-0-
15,000
-0-
-0-
-0-
14,001
-0-
$ 130,676 $ 4,275
That the letter of credit required previously reduced from $7,275 to $4,275
remain at $4,275 to' ra±fleet the completed work.
FURTHER BE IT RESOLVED that the street construction and concrete curb and
gutter is accepted as of August 25, 1986 for continual maintenance subject to
the one year guarantee by the developer.
Resolution No. 86- 518
Page Two
FURTHER BE IT RESOLVED that pursuant to the developer's request a 10% retainer
will be held in the required development bond for the street construction and
concrete curb and gutter in lieu of the required maintenance bond,
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_ Councilmembere Crain
Vasiliou._and Zitur
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.