HomeMy WebLinkAboutCity Council Resolution 1987-194CITY 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 16th day
of March 19g7. The followingembers wer eaent: mayor
c nei er, ounclUembers Crain, Sisk, members ancf A tur
The following members were absent: none
Councilmember Sisk introduced the following Resolution and moved
its adoption:
RESOLUTION PFD. 87- 194
REDUCING DEVELOPMENT BOND
WEST MEDICINE LAKE TERRACE 2ND ADDITION (80008)
WHEREAS, in accordance with the development contract dated April 14, 1983, B -T
Land Company, developer of West Medicine Lake Terrace 2nd Addition (80008) 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 $
36,202
$ -0-
Sanitary Sewer
19,923
-0-
Watermain
21,310
-0-
Storm Sewer
-0-
-0-
Boulevard and Drainage Swale Sod
3,600
800
Pond or Ditch Construction
-0-
-0-
Street Signs
150
-0-
Street Sweeping and Storm Sewer Cleaning
800
200
Park and Trail Improvements
-0-
-0-
Site Grading and Drainage Improvements
-0-
-0-
Maintenance of Erosion and
Sediment Control Plan
1,000
-0-
Design, Administration, Inspection, As-Builts
9,958
100
TOTAL $
92,943
$ 1,100
That the letter of credit required be reduced from $5,570 to $1,100 to reflect
the completed work.
FURTHER BE IT RESOLVED that the street construction and concrete curb and
gutter was previously accepted as of January 27, 1986, for continual
maintenance subject to the one year guarantee by the developer. The one year
guarantee has now expired and the 102 retainer that was provided in lieu of the
required maintenance bond is hereby released.
The w
�F
Sisk
The
the adoption of the foregoing Resolution was duly seconded by
r ZitUT` , and upon vote being taken th reon t
i n Aft thereof: Mia_vor Schneider, Councilmembers Crain,
the Resolution was