HomeMy WebLinkAboutCity Council Resolution 1986-519CITY 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
10 of August , 1986. The following members were present: Mayor Schneider,
Cnuncilmpmhcrc Crain_ Vasiliou_ and Zitur
The following members were absent: Cnuncilmemher Sisk
Councilmember Crain introduced the following Resolution and moved
its adoption:
RESOLUTION No. 86-519
REDUCING DEVELOPMENT BOND
TAMMIE MIDDLEMIST ADDITION (85048)
WHEREAS, in accordance with the development contract dated June 5, 1985, Robert
Middlemist, Jr., developer of Tammie Middlemist Addition (85048) 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 ewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
ORIGINAL AMOUNT
$ 52,900
28,900
35,400
25,500
5,000
-0-
300
42,500
-0-
Design, Administration, Inspection, As-Builts 22,860
TOTAL
NEW AMOUNT
$10,400
-0-
-0-
-0-
3,400
-0-
300
4,250
-0-
2,202
$ 213,360 $20,552
That the letter of credit required be reduced from $21,224 to $20,552 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
$23,820 $12,400
Resolution No. 86- 519
!URTHER BE IT RESOLVED that the letter of:credit required for public
improvements (Project 504) originally set at $45,351 per the development
contract can be reduced to $14,704 now that the Levy number 10056 has been
certified to Hennepin County, and certain assessments have been paid.