HomeMy WebLinkAboutCity Council Resolution 1986-706CITY 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 20th day
of October , 1986. The following members were present:
May r Schneider, Councilmembers Crain. Sisk. Vasiliou. and Zitur
The following members were absent: none
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86-706
REDUCING DEVELOPMENT BOND
SILVERTHORNE 2ND ADDITION (86025)
WHEREAS, in accordance with the development contract dated April 15, 1986,
Raymond L. Laurent and Jeanne A. Laurent, developer of Silverthorne 2nd Addition
(86025), 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
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
$ 45,204
$ 23,146
22,435
-0-
23,772
-0-
7,522
-0-
4,000
4,000
-0-
-0-
150
150
29,000
-0-
-0-
-0-
15.850
3.276
$147,933 $ 30,572
That the letter of credit required be reduced from $36,589 to $30,572 to reflect
the completed work.
Resolution No. 86- 706
Page Two
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer
construction is accepted as of October 20, 1036 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
$11,000 $11,000
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Sisk , 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.