HomeMy WebLinkAboutCity Council Resolution 1987-485CITY 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. 87-485
REDUCING DEVELOPMENT BOND
ZACHARY HILLS 4TH ADDITION (79045)
WHEREAS, in accordance with the development contract dated April 20, 1984, and
revised July 1, 1984, Marvin H. Anderson Construction Company, developer of
Zachary Hills 4th Addition (79045), has agreed to install certain impiovements
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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm
Sewer Cleaning
Park and Trail Improvements
Site Grading and Drainage Improvements
Maintenance of Erosion and
Sediment Control Plan
Design, Administration, Inspection, As-Builts
TOTAL
PRIVATE PRIVATE
ORIGINAL AMOUNT NEW AMOUNT
$ -0-
$ -0-
-0-
-0-
-0-
-0-
-0-
-0-
5,200
2,600
-0-
-0-
300
-0-
2,000
1,000
2,000
2,000
52,800
-0-
2,000 1,000
7,776 792
$ 72,076 $ 7,392
That the letter of credit required be reduced from $11,536 to $7,392 to reflect
the completed work.
FURTHER BE IT RESOLVED that the letter of credit required for public
improvements (Project 412) originally set at $162,880 per the revised
development and subsequently reduced to $137,875 per Levy Number 9717 can be
further reduced to $55,355.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councijmember Zitur , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Crain,
Zitur. Vasiliou and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.