HomeMy WebLinkAboutCity Council Resolution 1987-012CITY 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 51h day
of Januar , 1987. The following members were present:
Mayor Schneider, Councilmeinbers Crain, Sisk, Vasiliou. ano Zitur
The following members were absent: none
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Councilwamber_Sisk _ introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-12
REDUCING DEVELOPMENT BOND
WOODLANDS 2ND ADDITION (86059)
WHEREAS, in accordance with the development contract d.ited May 28, 1986, the
Zachary Lane Development Corporation, developer of Woodlands 2nd Addition (86059)
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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard 6 Drainage
Swale Sod
Pond or Ditch Construction
Street Signs
Park and Trail Improvements
Site Grading i Drainage Improvements
Design, Administration,
Inspection, As-Builts
ORIGINAL AMOUNT
NEW AMOUNT
Public
Private
Public
Private
$ 49,300
-0-
$ 9,860
-0-
28,200
-0-
-0-
-0-
28,700
-0-
-0-
-0-
51,000
-0-
-0-
-0-
-0-
5,000
-0-
5,000
-0-
-0-
-0-
-0-
300
-0-
300
-0-
3,700
-0-
3,700
-0-
-0-
74,000
-0-
-0-
191344
9,480
1,663
600
TOTAL $1801544 $ 88,480 $15,523 $ 5,600
That the letter of credit required for the above items be reduced as detailed above
from $39,693 to $15,523 to reflect the completed work on the public improvements,
and rewin at $5,600 to reflect the completed work on the private improvements.
Resolution No. 86-12
Page Two
10 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
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash: $ 1,000 $ 1,00^
Letter of Credit: $12,400 $12,400
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer
construction is accepted for continual maintenance as of January 5, 1987 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 dully passed and adopted.