HomeMy WebLinkAboutCity Council Resolution 1986-827CITY 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:
Mayor Schneouncilmembers Crain, Sisk, Vasiliou. Lind Zitur
The following members were absent: none
Councilmember Sisk introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 86-827
REDUCING DEVELOPMENT BUND
WILD WINGS ADDITION (84057)
WHEREAS, in accordance with the development contract dated September 3, 1986
DeVries Builders, Inc, Vernon C. Weegman, Patti M. Weegman and John Lonke.
developer of Wild Wings Addition (84057) 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
$ 71,400
$41,000
Schmidt Lake Road
21,230
10,230
Schmidt Lake Road Curb 6 Gutter
3,211
-0-
Sanitary Sewer
61,530
-0-
Watermain
61,460
-0-
Storm Sewer
23,760
-0-
Boulevard and Drainage Swale Sod
8,400
8,400
Pond or Ditch Construction
-•0-
-0-
Street Signs
450
450
Site Grading and Drainage Improvements
Grading Permit Issued
7,000 **
Park and Trail Improvements
960
960
Design, Administration, Inspection, As-Builts 29,903
7,325
TOTAL
$ 282,304
$75,365
* The Developer satisfied this obligation with a cash deposit of 25%
($802.75) on October 27, 1986.
** The Developer has requested release of the $47,000 Letter of Credit (No.
318) originally submitted with Grading Permit No. 6228, with the
understanding that $7,000 will be retained with the Financial Guarantee
submitted for the items noted above.
That the letter of credit required for the above items be reduced as detailed
10 above from $282,304 to $75,365 to reflect the completed work.
Resolution No. 86-827
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
$ -0- $ -0-
$ -0- $ -0-
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer con-
struction is accepted for continual maintenance as of December 15, 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 declare! duly passed and adopted.
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