HomeMy WebLinkAboutCity Council Resolution 1987-469CITY 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 6th day
of July , 1987. The following members were present:
_�Nafnr Srhnpider. Cnuncilmemhe_rs Crain, Sisk. Zitur and Vaciliou
The following members were absent: none
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87- 469
REDUCING DEVELOPMENT BOND
QUAIL RIDGE OF PLYMOUTH 2ND ADDITION (87021)
WHEREAS, in accordance with the development contract dated April 20, 1987,
Cenvesco, Inc., developer of Quail Ridge of Plymouth 2nd Addition (87021), 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 PLYNwTk
that the bonding requirements are reduced as follows:
ITEM
ORIGINAL AMOUNT NEW AMOUNT
Street Construction $ 65,390 $ 65,390
Sanitary Sewer 46,361 -0-
Watermain 38,806 -0-
Storm Sewer 33,795 -0-
Boulevard and Drainage Swale Sod 7,400 7,400
Pond or Ditch Construction -0- -0-
Street Signs 150 150
Site Grading and Drainage Improvements See Grading Permit No. 9762
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 23,028 8,753
TOTAL
$214,930 $ 81,693
That the letter of credit required for the above items be reduced as detailed
above from $214,930 to $81,693 to reflect the completed work.
Resolution No. 87- 469
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 ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash: $ -0- $ -0-
Letter of Credit: $ -0- $ -0-
FURTHER BE IT RESOLVED Lhat the sanitary sewer, watermain and storm sewer con-
struction is accepted for continual maintenance as of July 6, 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: Ma.or Schnpi Pr, Cnunrilm_Qmh_orS Crain,
. Si'sk Zitur and Vacilinu
The following voted against or abstained: Dnp
Whereupon the resolution was declared duly passed and adopted.