HomeMy WebLinkAboutCity Council Resolution 1986-678CITY 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:
The following members were absent:
Councilmember Crain introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 86-678
REDUCING DEVELOPMENT BOND
BASS LAKE ESTATES ADDITION (84091)
WHEREAS, in accordance with the development contract dated August 6, 1985, Bass
Lake Development, Inc., developer of Bass Lake Estates Addition (84091) 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
ORIGINAL AMOUNT NEW AMOUNT
Street Construction $ 115,757
Sanitary Sewer 53,933
Watermain 52,902
Storm Sewer 60,895
Boulevard and Drainage Swale Sod 9,600
Pond or Ditch Construction -0-
Street Signs =►00
Site Grading and Drainage Improvements 87.850
Park and Trail Improvements 3,950
Design, Administration, Inspection, As-Bu%lts 43,264
TOTAL
$ 17,071
-0-
-0-
-0-
9,000
-0-
600
-0-
3,950
3,675
$428,801 $ 34,296
That the letter of credit required be reduced for the above item be reduced as
detailed above from $428,801 to $34,296 to reflect the completed work.
Resolution No. 86-678
Page Two
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer
construction 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 Plan,
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$ 1,000 $ 1,000
$27,800 $27,800
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.