HomeMy WebLinkAboutCity Council Resolution 1986-575CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a reeular meeting of the City
. Council of the City of Plymouth, Minnesota was held on the 15th day
of September , 1986. The following members were present: MaFnr Crf,nt-Idpr,
Councilmembers Crain. Sisk. Vasiliou. and Zitur
The following members were absent: none
Councilmember Vasiliou introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 86-575
REDUCING DEVELOPMENT BOND
WESTWOOD RIDGE ADDITION (85108)
WHEREAS, in accordance with the development contract dated May 23, 1986,
Michael A. Freund and Harvey J. Freund II, developer of Westwood Ridge Addition
(85108) has agreed to install certain improvements for said development; and
WHEREAS, the developer has .:ompleted 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, THEREFORR, BE IT HEREBY 193OLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH that the bonding requirements are reduced as follows:
ITEM
ORIGINAL AMOUNT NEW AMOUNT
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
Design, Administration, Inspection, As-Builts
TOTAL
$ 29,417
$ 9,000
8,567
857
3,860
386
7,570
757
800
800
-0-
-0-
-0-
-0-
38,700
3,870
-0-
-0-
10,670
1,880
$ 99,584 $ 17,550
That the letter of credit required be reduced from $99,584 to $17,550 to
reflect the completed work.
RESOLUTION NO. 86-575
Page Two
FURTHER BE IT RESOLVED that the bonding requirements for the following
4 g 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
$11,500 $11,500
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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