HomeMy WebLinkAboutCity Council Resolution 1986-673CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota was held on the 6th day
of October , 1986. The following members were present:
Manor Schneider, Councilmembers Crain, Vasiliou. and itur
The following members were absent. Councilmember Sisk
Councilmember Garin introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86-673
REDUCING DEVELOPMENT BOND
WOODLANDS ADDITION (84030)
WHEREAS, in accordance with the development contract dated May 28, 1985, the
Zachary Lane Development Corporation, developer of Woodlands Addition (84030) 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:
PITEM
Street Constructicn
Sanitary Sewer
Watermain
Storm Sewer
Boulevard b Drainage
Swale Sod
Pond or Ditch Construction
Street Signs
Park and Trail Improvements
Site Grading 6 Drainage Improvements
Design, Administration,
Inspection, As-Builts
ORIGINAL AMOUNT
NEW AMOUNT
Public
Private
Public
Private
$100,000
-0-
$ -0-
-0-
115,000
-0-
-0-
-0-
75,500
-0-
-0-
-0-
70,000
-0-
-0-
-0-
-0-
14,200
-0-
7,100
-0-
-0-
-0-
-0-
..0-
900
-0-
900
-0-
-0-
-0-
-0-
-0-
120,000
-0-
-0-
43,260
16.212
-0-
852
TOTAL $403,760 $151,3112 $ -0- $ 8,852
That the letter of credit required for the above items be reduced as detailed above
from $22,400 to $0 (zero) to reflect the completed work on the public improvements,
' and from $16,912 to $8,852 to reflect the completed work on the private
improvements.
Resolution No. 86-673
Page Two
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted as of October 6, 1986 for continual maintenance subject to the one year
guarantee by the developer..
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 2`lan,
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$ 1,000 $ 1,000
$41,000 $20,000
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Ziturand 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 dully passed and adopted.