HomeMy WebLinkAboutCity Council Resolution 1986-707CITY 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:
Mayor Schneider, Councilmembers Crain, Sisk, VaSiliOu, and Zitur
The following members were absent: none
Cnunrilmember ZitLr introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 86-707
REDUCING DEVELOPMENT BOND
BASS LAKE WOODS ADDITION (84075)
WHEREAS, in accordance with the development contract dated November 15, 1984,
Bass Lake Woods Associates, developer of Bass Lake Woods Addition (84075) 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
$ 74,700
$ -0-
66,000
-0-
56,000
-0-
74,000
-0-
8,200
8,200
-0-
-0-
600
600
48,200
-0-
-0-
--0-
39,324
1,056
$367,024 $ 9,856
That the letter of credit required for the above items be reduced as detailed
above from $34,200 to $9,856 to reflect the completed work.
Resolution No. 86- 707
Page Two
FURTHER BE IT RESOLVED that the street construction and concrete curb and
gutter is accepted as of October 20, 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
$12,500 $12,500
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. Silsk.
Vasiliou, and Zitur
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.