HomeMy WebLinkAboutCity Council Resolution 1986-826CITY 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:
The following members were absent: none
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION N0. 86-826
REDUCING DEVELOPMENT BOND
WILLOW HAVEN NORTH ADDITION (86033)
WHEREAS, in accordance with the development contract dated September 3, 1986,
James C. Peterson Associates, Inc., and Raymond J. Syverson, Jr. and Barbara A.
Syverson, developer of Willow Haven North Addition (86033), 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
$ 15,540
$ 15,540
5,301
530
6,548
655
6,055
606
2,000
2,000
-0-
-0-
-0-
-0-
4,000
1,000
-0-
-0-
4.733
2.440
$ 44,177 $ 22,771
That the letter of credit required for the above items be reduced as detailed
above from $44,177 to $22,771 to reflect the completed work.
Resolution No. 86-826
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 Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$ 1,000 $ 1,000
$ 7,222 $ 7,222
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer con-
struction is accepted for continual maintenance as of necember 15, 1986 subject
to the One Year Guarantee by the developer.
FURTHER BE IT RESOLVED that pursuant to the developer's request a 10% retainer
will be held in the required development bond for the sanitary sewer, watermain
and storm sewer construction in lieu of the required maintenance bond.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being takenthereon, 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.