HomeMy WebLinkAboutCity Council Resolution 1987-471CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a Rpanjar meeting of the City
Council of the City of Plymouth, Minnesota waseld on the 6th day
of July , 1987. The following members were present:
_mayor Schneider. Councilmemhers Crain, Sisk- Zitur and Vasiliou
The following members were absent: none
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87- 471
REDUCING DEVELOPMENT BOND
ROLLING HILLS PARK 2ND ADDITION (85026)
WHEREAS, in accordance with the development contract dated May 14, 1985,
Enterprise Properties, developer of Rolling Hills Park 2nd Addition (85026), 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
$ 72,362
$ -0-
46,792
-0-
32,275
-0-
32,450
-0-
6,600
-0-
-0-
-0-
300
-0-
-0-
-0-
8,803
-0-
0-
23,950
23,950
-0-
$27.3,532
$ -0-
That the letter of credit required for the above items be reduced as detailed
above from $1,434 to $0 (zero) to reflect the completed work.
J
Resolution No. 87- 471
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: $ 11000 $ -0-
Letter of Credit: $ 2,000 $ -0-
FURTHER BE IT RESOLVED that the public trail construction 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
Councilmpmhpr 7itllr , and upon vote being taken thereon, the
followingvoted in favor hereof:
Mayor chneider, Counci�lmembers Crain, SM.
The following voted against or abstained: none
Whereupon the resolution was declared duly pass 1 and adopted.
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