HomeMy WebLinkAboutCity Council Resolution 1986-549CITY 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 8th day
of Se tember , 1986. The following members were presen77-Rayor Schneider,
ounci.mem ers rain, Sisk, Vasiliou, and Zitur
The following members were absent: none
Councilmember Sisk introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 86- 549
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 completeu 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
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$ 52,900
$10,400
Sanitary Sewer
28,900
-0-
Watermain
35,400
-0-
Storm Sewer
25,500
-0-
Boulevard and Drainage Swale Sod
5,000
3,400
Pond or Ditch Construction
-0-
-0-
Street Signs
300
300
Site Grading and Drainage Improvements
42,500
4,250
Park and Trail Im3rovements
-0-
-0-
Design, Administration, Inspection, As-Builts 22,860
2,202
TOTAL
$ 213,360 $20,552
That the letter of credit required previously reduced from $21,224 to $20,552
remain at $20,552 to reflect the completed work.
FURTHER BE IT RESOLVED that the bonding requirements for the fallowing items
per Section 8.1 of the approved development contract be reducEl 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: $23,820 $12,400
P
Resolution No. 86- 549
FURTHER BE IT RESOLVED that the letter of credit required for public
improvements (Project 504) originally set at $45,351 per the development
contract and reduced to $14,704 on August 25, 1986 can now be further reduced
to $0 (zero) and Irrevocable Letter of Credit No. 398 can be released.
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, Sisk,
Vasiliou, and Zitur
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.
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