HomeMy WebLinkAboutCity Council Resolution 1986-520CITY 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 250 dap
of August , 1986. The following members were present: —Yor Schneider,
ounce mem ers rain, Vasiliou, and Zitur
The following members were absent: Councilmember 51Sk
Councilmember Crain introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 86-520
REDUCING DEVELOPMENT BOND
DEERWOOD GLEN PLAT ONE (85050)
WHEREAS, in accordance with the development contract dated May 21, 1986,
Parklands Developments, a partnership consisting of Wiswell Estates, Inc., and
International Development, Inc., developer of Deerwood Glen Plat One (85050)
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 Sewer
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 NEW AMOUNT
Design, Administration, Inspection, As-Builts
TOTAL
102,700
$43,528
68,600
6,860
45,700
4,570
23,600
2,360
7,000
7,000
-0-
-0-
450
450
-0-
-0-
9,581
9,581
30,916
8,922
$ 288,547 $ 83,271
That the letter of credit required be reduced from $288,547 to $83,271 to
reflect the completed work.
Resolution No. 86-520
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
ORIGINAL AMOUNT NEW AMOUNT
Grading permit issued
previously
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 Crain,
Vasiliou. and Zitur
The following voted against or abstained: _ none
Whereupon the Resolution was declared duly passed and adopted.