HomeMy WebLinkAboutCity Council Resolution 1987-483CITY 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 20th day
of July , 1987. The following members were present: Mayor Schneider,
Councilmembers Crain. Zitur. Vasiliou and Sisk
The following members were absent: None
Councilmember Sisk_ introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-483
REDUCING DEVELOPMENT BOND
WIND RIDGE AT BASS LAKE 6TH ADDITION (85049)
WHEREAS, in accordance with the development contract dated March 2, 1987, Kevin
Kuechle, DBA Kuechle Construction Company, developer of Wind Ridge at Bass Lake
6th Addition (85049), 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 Signa
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 18,700
$ 12,155
14,000
2,800
13,200
2,640
8,500
1,700
1,600
1,600
-0-
-0-
-0-
-0-
15,600
1,560
-0-
-0-
8.592
2.695
$ 80,192 $ 25,150
That the letter of credit required for the above items be reduced as detailed
above from $80,192 to $25,150 to reflect the completed work.
Resolution No. 87-483
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:
Lettez of Credit:
ORIGINAL AMOUNT
$ 1,000
$ 8,900
NEW AMOUNT
$ 1,000
$ 8,900
The notion 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: Mayor Schneider, Councilmembers Crain,
The following voted against or abstained: Non
Whereupon the resolution was declared duly pas
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