HomeMy WebLinkAboutCity Council Resolution 1986-774CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the
Council of the City of Plymouth, Minnesota was held on the 17th day
of November 1986. The following members were present:
Mayor c nei er, douncilmembers Crain, Sisk, Vasiliou, and Zitur
city
The tollowing members were absent: none
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86-774
REDUCING DEVELOPMENT BOND
MONTGOMERY 2ND ADDITION (85007)
w'I'MREAS, in accordance with the development contract dated Mcy 16, 1985, Betty J.
Grandstaff and Marquette Bank Minneapolis, N.A., a National Banking Association,
as Trustees of the William G. Grandstaff Revocable Trust Agreement dated November
16, 1976 and Douglas R. Nelson and Judith M. Nelson, developer of Montgomery 2nd
Addition (85007), has agreed to install certain improvements for said
development; and
WHEREAS, she 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
Street Sweeping and Storm Sewer Cleaning
Park and Trail Improvements
Site Grading and Drainage Improvements
Maintenance of Erosion and
Sediment Control Plan
Design, Administration, Inspection, As-Builts
$ -0-
$ -0-
4,420
-0-
-0-
-0-
29,716
-0-
1,500
500
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0- -0-
4,276 -0-
TOTAL $ 39,912 $ 500
That the letter of credit required for the above items be reduced as detailed
above from $1,680 to $500 to reflect the completed work.
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 Zitur
The following voted against or abstained: none
Whereupon the resolution was declared duly passed and adopted.
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