HomeMy WebLinkAboutCity Council Resolution 1987-078CITY 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 2nd day
of February , 1987. The following members were present:
yorc nei er, Councilmembers Crain, Sisk, Vasiliou, and Zitur
The following members were absent: none
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION N0. 87- 78
REDUCING DEVELOPMENT BOND
KINGSVIEW HEIGHTS SECOND ADDITION (85039)
WHEREAS, in accordance with the development contract dated June 26, 1985, Keith T.
Harstad and Diane N. Harstad, developer of Kingsview Heights Second Addition
(85039) 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
Project
No. 544
Street Construction $202,500
Sanitary Sewer -0-
Watermain -0-
Storm Sewer inc. in st. cost
Boulevard & Drainage
Swale Sod -0-
Pond or Ditch Construction -0-
Street Signs -0-
Site Grading & Drainage Improvements -0-
Park and Trail Improvements -0-
Design, Administration,
Inspection, As-Builts -0-
ORIGINAL AMOUNT
Original
Public
Private
Total
$ 374,379
$ -0-
$ 576,879
392,017
-0-
392,017
229,358
-0-
229,358
217,458
-0-
217,458
-0-
45,000
45,000
-0-
-0-
-0-
2,100
-0-
2,100
-0-
Grading
Permit iss.
11,912
23,529
35,441
147,267
8,223
155,490
TOTAL $202,500 $1,374,491 $76,752 $1,653,743
Resolution No. 87-78
Page Two
That the letter of credit required for the above items be reduced as detailed above
from $1,653,743 to $389,293 to reflect the completed work.
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: $ -0- $ -0-
Letter of Credit: Furnished with Grading Permit
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, storm sewer, street
construction and concrete curb and gutter is accepted for continual maintenance as
of FebrLary 2, 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
fallowing 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.
1lritdr ,It�lr* �It*
NEW AMOUNT
ITEM
Project
New
No. 544
Public
Private Total
Street Construction
$202,500
$ -0-
$ -0-
$202,500
Sanitary Sewer
-0-
-0-
-0-
-0-
Watermain
-0-
-0-
-0-
-0-
Storm Sewer inc.
in at. cost
-0-
-0-
-0-
Boulevard & Drainage
Swale Sod
-0-
-0-
30,000
30,000
Pond or Ditch Construction
-0-
-0-
-0-
-0-
Street Signs
-0-
2,100
-0-
2,100
Site Grading & Drainage Improvements -0-
-0-
Grading
Permit iss.
Park and Trail Improvements
-0-
1,191
2,353
3,544
Design, Administration,
Inspection, As-Builts
-0-
147,267
3,882
151,149
TOTAL
$202,500
$150,558
$ 36,235
$389,293
That the letter of credit required for the above items be reduced as detailed above
from $1,653,743 to $389,293 to reflect the completed work.
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: $ -0- $ -0-
Letter of Credit: Furnished with Grading Permit
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, storm sewer, street
construction and concrete curb and gutter is accepted for continual maintenance as
of FebrLary 2, 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
fallowing 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.
1lritdr ,It�lr* �It*