HomeMy WebLinkAboutCity Council Resolution 1986-824CITY 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 15th day
of December , 1986. The following members were present:
Ivor Schneider, Councilmembers Crain. Sisk. Vasiliou, and Zitur
The following members were absent: _Bone
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Counciimember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86-824
REDUCING DEVELOPMENT BOND
MISSION TRAILS ADDITION (85091)
WHEkEAS, in accordance with the development contract dated September 18, 1985,
Lundgren Brothers Construction, Inc., developer of Mission Trails Addition
(85091), 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;
10 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
$ 69,500
$ -0-
53,500
-0-
45,700
-0-
29,000
-0-
6,000
6,000
-0-
-0-
600
600
-0-
-0-
5,892
589
25.223
863
$235,415 $ 8,052
That the letter of credit required for the above items be reduced as detailed
above from $30,119 to $8,052 to reflect the completed work.
Resolution No. 86-824
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 follows:
ITEM
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning
ORIGINAL AMOUNT NEW AMOUNT
Included in Grading Permit
No. 85701090
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter
is accepted as of December 15, 1936 for continual maintenance 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.