HomeMy WebLinkAboutCity Council Resolution 1986-789CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City
Council of the City of Plymouth, Minnesota was held on the 24th day
of 4ovember , 1986. The following members were present:
Mayor Schneider, Ceuncilmembers Crain, Sisk, Vasiliou, and Zitur
The following members were absent: none
Councilmember Sisk introduced the. following Resolution and moved its
adoption:
RESOLUTION NO. 86- 789
REDUCING DEVELOPMENT BOND
FOR RUN 2ND ADDITION (85066)
WHEREAS, in accordance with the development contract dated August 6, 1985,
Lundgren Brothers Construction, Inc., developer of Fox Run 2nd Addition (85066),
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
$ 57,000
$ 12,000
32,000
-0-
30,000
-0-
27,000
-0-
3,600
3,600
-0-
-0-
150
150
40,000
-0-
-0-
-0-
22.770
1.890
$212,520 $ 17,640
That the letter of credit required for the above items be reduced as detailed
above from $212,520 to $17,640 to reflect the completed work.
Resolution No. 86-789
Page Two
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced as follaws:
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
$17,560 $17,560
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer con-
struction is accepted for continual maintenance as of November 24, 1986 subject
to the One Year Guarantee by the developer.
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.