HomeMy WebLinkAboutCity Council Resolution 1987-294CITY 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 4th day
of May , 1987. The following members were present--Fr"—or Schneider,
ounce mem ers Crain, Sisk, Vasiliou and Zitur
The following members were absent: none
Councilmeinber Crain introduced the following Resolution and moved
its adoption:
RESOLUTION N0, 87- 294
REDUCING DEVELOPMENT BOND
MONTGOMERY 2ND ADDITION (85007)
WHEREAS, in accordance with the development contract dated Mav 16, 1985, Betty
J. Grandstaff and Marquette Bank Minneapolis, N.A., a National Banking
Association, as Trustees of the William G. Grandstaft Revocable Trust Agreement
dated November 16, 1976, and Douglas R. Nelp:n and Judith M. Nelson, developer
of Montgomery 2nd Addition (85007) has agr(:ed 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 3
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 $ -0- $ -0-
Sanitary Sewer 4,420 -0-
Watermain -0- -0-
Storm Sewer 29,716 -0-
Boulevard and Drainage Swale Sod 1,500 -0-
Pond or Ditch Construction -0- -0-
Street Signs -0- -0-
Street Sweeping and Storm Sewer Cleaning -0- -0-
Park and Trail Improvements -0- -0-
Site Grading and Drainage Improvements -0- -0-
Maintenance of Erosion and
Sediment Control Plan -0- -0-
Design, Administration, Inspection, As -Built• 4.276 -0-
TOTAL $ 39,912 $ -0-
That the letter of credit required be reduced from $500 to $0 (aero) to reflect
the completed work. Savings Account No. 70087465 is hereby released.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Sisk , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Crain,
Sisk Vasil iou and Zi tur
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.
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