HomeMy WebLinkAboutCity Council Resolution 1987-162Z
CITY 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 March , 1987. The following members were present:
The following members were absent: none
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Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-162
REDUCING DEVELOPMENT BOND
DEERWOOD ESTATES PLAT FOUR (A-784)
WHEREAS, in accordance with the development contract dated February 4, 1985,
Parklands Developments, a partnership consisting of Wiswell Estates, Inc. and
International Development, Inc., developer of Deerwood Estates Plat Four (A-784),
has a^reed 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 Sever
Watermain
Storm Sever
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs (Pd. per Receipt #12186)
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 56,600
$ -0-
54,200
-0-
30,400
-0-
38,400
-0-
6,400
6,400
-0-
-0-
300
-0-
-0-
-0-
-0-
-0-
22.356
768
$208,656 $ 7,168
That the letter of credit required for the above items be reduced from $27,664 to
$7,168 to reflect the completed work.
Resolution No. 86-162
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
$ 3,000 $ 3,000
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter
is accepted for continual maintenance as of March 2, 1987, subject to the One
Year Guarantee by the developer.
The notion 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.
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