HomeMy WebLinkAboutCity Council Resolution 1986-753CITY 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 3rd day
of Nnvpmhpr , 1986. The following members were present:
MaXor Schneider. Council -embers Crain Sisk, Vasiliou, and Zitur
The following members were absent: non
rnuncilMembar Sisk introduced the following Resolution and moved
its adoption:
RESOLUTION N0. 86-753
REDUCING DEVELOPMENT BOND
DEVRIES 2ND ADDITION (83031)
WHEREAS, in accordance with the development con�ract dated March 28, 1984,
DeVries Builders, Inc., developer of DeVries 2nd Addition (83031) 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 $ -0- $ _O_
Sanitary Sewer -0- -0-
Watermain -0- -0-
Storm Sewer -0- -0-
Boulevard and Drainage Swale Sod 5,000 1,200
Pond or Ditch Construction -0- -0-
Street Signs 450 450
Street Sweeping and Storm Sewer Cleaning 2,000 500
Maintenance of Erosion and
Sediment Control Plan 2,000 1,000
Site Grading 34,408 -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 5,263 378
TOTAL $ 49,121 $ 3,528
That the letter of credit required be reduced from $4,984 to $3,528 to reflect
the completed work.
FURTHER BE IT RESOLVED that the letter of credit required for public improve-
ments (Project 337) originally set at $125,732 per the approved development
contract can be reduced to $0 (zero) now that Levy Number 9711 has been
certified to Hennepin County and certain assessments have been paid as
individual lots are sold.
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 7itur
The following voted against or abstained. none
Whereupon the Resolution was declared duly passed and adopted.