HomeMy WebLinkAboutCity Council Resolution 1987-470CITY 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 Fith day
of July , 1987. The following members were present:
Mayor Schneider, Counrilmnmharc Crain Sisk.7itur and Vasilinu
The following members were absent: nnnP
Councilmpmber Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION N0. 87- 470
REDUCING DEVELOPMENT BOND
BASS LAKE HEIGHTS 4TH ADDITION (85126)
WHEREAS, in accordance with the development contract dated February 5, 1987,
B.L.H. Development Company, developer of Bass Lake Heights 4th Addition (85126),
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
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 58,976
$ 9,922
89,651
-0-
40,274
-0-
12,430
-0-
7,200
7,200
-0-
-0-
450
450
61,500
-0-
-0-
-0-
32.458
2.109
$302,939 $ 19,681
That the letter of credit required for the above items be reduced as detailed
above from $302,939 to $19,681 to reflect the completed work.
Resolution No. 87-470
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
$33,800 $33,800
FURTHER BE IT RESOLVED that 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 notion for the adoption of the foregoing Resolution was duly %econded by
C�func�lmrmhar 71tur , and upon vote being taken thereon, the
following voted in favor thereof:
The following voted against or abstained: nnne
Whereupon the resolution was declared duly passed and adopted.
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