HomeMy WebLinkAboutCity Council Resolution 1987-518CITY 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 3rd day
of Auest 1987. The following members were present:
Mayor Schneider, Councilmembers Crain, Vasiliou, Zitur and Sisk
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-518
REDUCING DEVELOPMENT BOND
FOX RUN 2ND ADDITION (85066)
WHEREAS, in accordance with the development contract dated August 6, 1985,
Lundgren Brothers Construction, Inc.,developer of Fox Run 2nd Addition (85066),
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
$ 57,000
$ -0-
Sanitary Sewer
32,000
-0-
Watermain
30,000
-0-
Storm Sewer
27,000
-0-
Boulevard and Drainage Swale Sod
3,600
2,000
Pond or Ditch Construction
-0-
-0-
Street Signs
150
150
Site Grading and Drainage Improvements
40,000
-0-
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts
22,770
258
TOTAL
$212,520
$ 2,408
That the letter of credit required for the above items be reduced as detailed
above from $17,640 to $2,408 to reflect the completed work.
Resolution No. 87-518
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: $ 1,000 $ 1,000
Letter of Credit: $ 17,560 $ 3,512
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter
is accepted for continual maintenance as of August 3, 1987 subject to the One
Year Guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Sisk , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Crain,
Vasiliou. Zitur and Sisk
The following voted against or abstained: None
Whereupon the resolution was declared duly passed and adopted.